Seller's Agent in 2022
Steve Golis
Radius Group Commercial R.E.
(805) 879-9624
11 in this area
89 Total Sales
The Subject Property located at 1317 Punta Gorda St. is an excellent and rare ''Shovel-Ready''development opportunity located in an up-and-coming neighborhood within Santa Barbara. All entitlements and soft costs have been completed and paid for by current ownership and will be delivered at COE. The parcel of land, a ±.55 acre lot, is situated within the average unit density program (AUD), medium-high density overlay, granting a development potential of 15 –
27 units per acre. Recently, the City of Santa Barbara has discussed that it wants to discontinue the AUD program within the neighboring area, making this approved project potentially insulated from competing developments. Newly constructed buildings are not subject to AB1482 rent restrictions. Time to completion of the project is expected to be 18 months.
The project, designed by local architect Tom Ochsner, consists of (7) 2-story, 2-unit buildings, totaling 14 units. The units are 2-story townhomes with 2.5 baths. Freestanding buildings like this can be more attractive to tenants and command above average rents.
Last Agent to Sell the Property
Radius Group Commercial R.E. License #00772218 Listed on: 10/18/2021
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/06/2022 12/06/22 | Sold | $3,850,000 | 0.0% | $2,760 / Sq Ft | |
| 12/06/2022 12/06/22 | Sold | $3,850,000 | -- | $2,760 / Sq Ft | View Prior Sale |
| 02/02/2022 02/02/22 | Pending | -- | -- | -- | |
| 02/02/2022 02/02/22 | Pending | -- | -- | -- |
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $41,511 | $6,294,181 | $4,000,131 | $2,294,050 |
| 2023 | $41,511 | $3,850,000 | $3,804,000 | $46,000 |
| 2022 | $16,502 | $1,545,848 | $1,511,325 | $34,523 |
| 2021 | $16,121 | $1,515,539 | $1,481,692 | $33,847 |
| 2020 | $15,954 | $1,500,000 | $1,466,500 | $33,500 |
| 2019 | $7,644 | $717,415 | $585,489 | $131,926 |
| 2018 | $7,536 | $703,349 | $574,009 | $129,340 |
| 2017 | $7,287 | $689,558 | $562,754 | $126,804 |
| 2016 | $7,166 | $676,038 | $551,720 | $124,318 |
| 2014 | $6,973 | $652,841 | $532,788 | $120,053 |
Seller's Agent in 2022
Steve Golis
Radius Group Commercial R.E.
(805) 879-9624
11 in this area
89 Total Sales
Source: Santa Barbara Multiple Listing Service
MLS Number: 21-3858
APN: 017-300-017
Ask me questions while you tour the home.