NOT LISTED FOR SALE

1322 E Montecito Place Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $1,416,000 - $2,298,008

6 Beds
4 Baths
-- Sq Ft
6,534 Sq Ft Lot

Last Sold April 18, 2024

Last sale price $1,327,500

Est. 30% increase in value since last sale

Current estimated payment $9,554/month

3 Days on Market

Highlights

  • Cul-De-Sac
  • Laundry Room
  • 2 Car Garage
  • Franklin Elementary School Rated A-
  • Tile Flooring
  • 3-minute walk to Eastside Neighborhood Park

About This Home

As of April 2024

Great location in Santa Barbara on a private cul- de-sac. This duplex needs some love but is a wonderful opportunity to own an income generating property.1st unit is a 3 bedroom, and 1.5 baths, and the 2nd unit is a 3 bedroom with 1.5 baths.They are separated by a shared garage.

Last Agent to Sell the Property

Stephanie Brown

Paradise Real Estate Services License #01701136 Listed on: 03/16/2024

Last Buyer's Agent

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429

Keller Williams Realty Santa Barbara

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,534 Sq Ft Lot
  • No Common Walls
  • Cul-De-Sac
  • Wood Fence
  • No Sprinklers

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • On-Street Parking

Home Design

  • Duplex
  • Entry on the 1st floor
  • Fixer Upper
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Tile Flooring
  • Gas Range

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting

Utilities

  • Wall Furnace
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Tract Number 8
  • Assessor Parcel Number 031392037

Community Details

Overview

  • Santa Barbara: Other Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • Insurance Expense $500
  • Operating Expense $245
  • Net Operating Income $4,655

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Zoning: R-2
  • Property Condition: Fixer
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 031392037
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Room Type: All Bedrooms Down, Laundry, Kitchen

Exterior Features

  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Driveway, Street
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Range, Gas Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Cul-De-Sac, Sprinklers None
  • Lot Size Sq Ft: 6534.00
  • Lot Size Acres: 0.1500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Scheduled Income: 4900.00
  • Insurance Expense: 500.00
  • Lot Size Area: 6534.0000 Square Feet
  • Net Operating Income: 4655.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 2
  • Operating Expense: 245.00
  • Rent Control: No
  • Total Expenses: 245.00

Tax Info

  • Tax Tract Number: 8.01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2024
Closed on
Mar 25, 2024
Sold by
Butterbaugh Scott James
Bought by
Johnson Jared Benjamin and Johnson Robert Danae
Seller's Agent
Stephanie Brown
Paradise Real Estate Services
Buyer's Agent
Steve Epstein
Keller Williams Realty Santa Barbara
List Price
$1,300,000
Sold Price
$1,327,500
Premium/Discount to List
$27,500
2.12%
Views
18
Current Estimated Value
$1,722,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,252
Avg. Annual Appreciation
16.67%
Original Mortgage
$1,062,000
Outstanding Balance
$1,045,150
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$677,602

Purchase Details

Closed on
Mar 21, 2016
Sold by
Butterbaugh Todd James
Bought by
Butterbaugh Scott James

Purchase Details

Closed on
Jun 21, 2000
Sold by
Butterbaugh Romalda S
Bought by
Butterbaugh Romalda S
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

Date Buyer Sale Price Title Company
Johnson Jared Benjamin $1,327,500 Fidelity National Title Compan
Butterbaugh Scott James -- None Available
Butterbaugh Romalda S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnson Jared Benjamin $1,062,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2024 04/18/24 Sold $1,327,500 +2.1% --
03/18/2024 03/18/24 Pending -- -- --
03/15/2024 03/15/24 For Sale $1,300,000 -- --
Source: Ventura County Regional Data Share

Tax History Compared to Growth

Source: Public Records

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 $6,339 $1,354,050 $663,000 $691,050
2023 $6,339 $583,529 $353,657 $229,872
2022 $6,116 $572,088 $346,723 $225,365
2021 $5,974 $560,872 $339,925 $220,947
2020 $5,913 $555,122 $336,440 $218,682
2019 $5,810 $544,239 $329,844 $214,395
2018 $5,727 $533,569 $323,377 $210,192
2017 $5,538 $523,108 $317,037 $206,071
2016 $5,469 $512,852 $310,821 $202,031
2015 $5,409 $505,150 $306,153 $198,997
2014 $5,321 $495,255 $300,156 $195,099
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Stephanie Brown

    Paradise Real Estate Services

    (805) 797-5901

    1 in this area

    4 Total Sales

    Stephanie Brown
    Section Image
  • Steve Epstein

    Buyer's Agent in 2024

    Steve Epstein

    Keller Williams Realty Santa Barbara

    (805) 689-9339

    5 in this area

    135 Total Sales

    Steve Epstein
    Section Image
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Map

Source: Ventura County Regional Data Share

MLS Number: V1-22464

Ventura County Regional Data Share

APN: 031-392-037

California Santa Barbara County Santa Barbara 93103 Eastside

1322 E Montecito Place, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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