NOT LISTED FOR SALE

1319 Montecito Place Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $1,236,000 - $2,138,000

Studio
-- Bath
-- Sq Ft
7,405 Sq Ft Lot

Sale Details

Date Sold: June 28, 2018

Last sale price $999,998

Est. 69% increase in value since last sale

Current estimated payment $10,057 / mo

145 Days on Market

Highlights

  • Property is near public transit, schools, shops, and bus stop
  • Tile Flooring
  • 2 Car Garage
  • Franklin Elementary School Rated A-
  • Forced Air Heating System
  • 4-minute walk to Eastside Neighborhood Park

About This Home

As of June 2018

On a quiet cul de sac, a recently remodeled and updated duplex. Each unit has 3 bedrooms, 1 1⁄2 bath. The building has a garage between the units with 2 parking spaces. Each unit has a separate washer/dryer hookup in the garage(in progress). High end finishes. The rents maybe under the market due to rental during remodeling and use of the garage is not included. Tenants pay all utilities, metered separately.

Last Agent to Sell the Property

Stephen Slavin

Coldwell Banker Realty Listed on: 11/28/2017

Last Buyer's Agent

Don Ford

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in excellent condition

Parking

  • 2 Car Garage

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Tile

Schools

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

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Additional Features

  • 1-Story Property
  • Property is near public transit, schools, shops, and bus stop

Listing and Financial Details

  • Assessor Parcel Number 031-392-034

Community Details

Building Details

  • Insurance Expense $200
  • New Taxes Expense $271
  • Operating Expense $5,652
  • Gross Income $72,000
  • Net Operating Income $66,348

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Lot Details

7,405 Sq Ft Lot

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 72000.0
  • Capitalization Rate: 4.9
  • Income Expenses Cash Flow: 66348.0
  • Gross Rent Multiplier: 18.75
  • Annual Expenses: 5652.0
  • Monthly Expense: 471.0
  • Monthly Income: 6000.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Building Stories: 1
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Carpet, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Gar #24: Yes
  • HeatingCooling GFA: Yes
  • IncomeExpenses Taxes6: 271.0
  • Income Expenses Actual: Yes
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 66348
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.17
  • Foundation Details: Slab

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Gar #2

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 031-392-034
  • Zoning: R-2
  • Lot Size Sq Ft: 7405.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 72000.0
  • Insurance Expense: 200.0
  • Annual Operating Expense: 5652.0
  • Total Actual Rent: 6000.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2017
Closed on
May 14, 2018
Sold by
Bought by
Seller's Agent
Stephen Slavin
Coldwell Banker Realty
Buyer's Agent
Don Ford
Sotheby's International Realty
List Price
$1,350,000
Sold Price
$999,998
Premium/Discount to List
-$350,002
-25.93%
Current Estimated Value
$1,689,066

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$689,068
Avg. Annual Appreciation
6.74%

Purchase Details

Closed on
Jul 24, 2013
Sold by
Bought by

Purchase Details

Closed on
Apr 15, 2011
Sold by
Bought by

Purchase Details

Closed on
Aug 18, 2004
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,000,000 First American Title Co
-- None Available
-- None Available
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $999,998 -25.9% --
04/22/2018 04/22/18 Pending -- -- --
11/28/2017 11/28/17 For Sale $1,350,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $11,838 $1,137,820 $625,804 $512,016
2023 $11,838 $1,093,639 $601,504 $492,135
2022 $11,423 $1,072,196 $589,710 $482,486
2021 $11,160 $1,051,174 $578,148 $473,026
2020 $11,045 $1,040,396 $572,220 $468,176
2019 $10,853 $1,019,997 $561,000 $458,997
2018 $10,301 $969,630 $484,815 $484,815
2017 $3,252 $312,619 $147,112 $165,507
2016 $3,248 $306,490 $144,228 $162,262
2014 $3,159 $295,975 $139,280 $156,695
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Stephen Slavin

    Coldwell Banker Realty

  • D

    Buyer's Agent in 2018

    Don Ford

    Sotheby's International Realty

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3860

Santa Barbara Multiple Listing Service

APN: 031-392-034

California Santa Barbara County Santa Barbara 93103 Eastside

1319 Montecito Place, Santa Barbara, CA

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