NOT LISTED FOR SALE
3 Beds
1 Bath
1,395 Sq Ft
23,958 Sq Ft Lot

Sale Details

Date Sold: December 6, 2022

Last sale price $3,850,000 $2,760 Per Sq Ft

107 Days on Market

About This Home

As of December 2022

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

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/18/2021

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 10/18/2021

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.55

Schools

  • Cleveland Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • 2-Story Property
  • 23,958 Sq Ft Lot

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 017-300-017

Property Details

Home Type

Multi-Family

Lot Details

0.55 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Building Stories: 2
  • Property Information Apx # Acres: 0.55
  • NeighborhoodSchools Elementary School: Cleveland
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Apx Lot SqFt: 23958.0
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.55

Garage/Parking

  • Parking Features: Mixed

Schools

  • Elementary School: Cleveland
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 017-300-017
  • Zoning: R-3
  • Lot Size Sq Ft: 23958.0

Multi Family

  • Number Of Units Total: 14
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

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 -- -- --
Source: Santa Barbara Multiple Listing Service

Tax History

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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3858

Santa Barbara Multiple Listing Service

APN: 017-300-017

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