NOT LISTED FOR SALE

Estimated Value: $1,481,000 - $2,141,000

4 Beds
2 Baths
1,959 Sq Ft
$966/Sq Ft Est. Value

Last Sold November 19, 2021

Last sale price $1,750,000 $893 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $11,691/month

7 Days on Market

Highlights

  • Deck
  • Property is near a park
  • 6 Car Detached Garage
  • San Marcos Senior High School Rated A
  • Wood Flooring
  • Laundry Room

About This Home

As of November 2021

Great ROI (5% cap rate) on this fully upgraded long term investment property!! 1322 and 1322 1/2 offer turn key opportunity for the next owner. 1322 is a 1990 two story home with four bedrooms, an office, living room, great room, updated kitchen and two baths, quaint front porch with an enclosed front yard featuring artificial turf. This structure is ripe for dividing into two rentals. 1322 1/2 is a 1920's era two bed/1 bath cottage in the back. The kitchen and bath have been updated and the home has an in unit laundry. Also equipped with a fenced yard and artificial turf. The owner has already done both sewer lateral replacements. There's off street parking for 6 cars, a leased Tesla solar system, new roof, and so much more. Contact Agent for list of updates completed.

Last Agent to Sell the Property

Jena Harris

Village Properties License #01930435 Listed on: 10/09/2021

Last Buyer's Agent

Terence Alemann

Alemann and Associates License #01925020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,290

Year Built

  • Built in 1990

Lot Details

  • 6,098 Sq Ft Lot
  • Partially Fenced Property
  • Property is in excellent condition

Interior Spaces

  • 1,959 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Wood
  • Vinyl Plank

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 6 Car Detached Garage
  • 6 Carport Spaces

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Harding Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Additional Features

  • Deck
  • Forced Air Heating System

Listing and Financial Details

  • The owner pays for trash collection, water, gas, electricity
  • Assessor Parcel Number 039-101-009

Community Details

Overview

  • 2 Units
  • 20 Westside Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,290

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1990
  • Capitalization Rate: 5%
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Westside
  • Carport Y N: Yes
  • Reso Flooring: Hardwood, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1990
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Harding
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Total # Carport Spaces2: 6.0
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 1959.0
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Detached3: Yes
  • Amenities Fncd Prt: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.14
  • Foundation Details: Mixed

Garage/Parking

  • Parking Features: Cpt #6, Detached
  • Total Parking Spaces: 6.0
  • Parking Info Cpt #63: Yes

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

  • Elementary School: Harding
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 039-101-009
  • Zoning: R-3
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2021
Closed on
Nov 10, 2021
Sold by
Stinson Sandra J and The Sandra J Stinson Trust
Bought by
Richter Aaron Matthew
Seller's Agent
Jena Harris
Village Properties
Buyer's Agent
Terence Alemann
Alemann and Associates
List Price
$1,695,000
Sold Price
$1,750,000
Premium/Discount to List
$55,000
3.24%
Current Estimated Value
$1,892,523

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,523
Avg. Annual Appreciation
2.52%
Original Mortgage
$1,400,000
Outstanding Balance
$1,288,235
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$637,008

Purchase Details

Listed on
Mar 13, 2014
Closed on
Apr 10, 2014
Sold by
Deutsche Bank National Trust Company
Bought by
Sandra J Stinson Trust
Seller's Agent
Timm Delaney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Daniel Warnars
American Dream Properties
List Price
$847,000
Sold Price
$975,000
Premium/Discount to List
$128,000
15.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$780,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2013
Sold by
Gonzalez Juventino and Gonzalez Ricarda
Bought by
Deutsche Bank Nastional Trust Company

Purchase Details

Closed on
Jul 5, 2005
Sold by
Murrillo Enrique Garcia
Bought by
Garcia Erika

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.58%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 9, 1998
Sold by
Gore Milvie Lee
Bought by
Gore Fred and Gore Milvie Lee
Source: Public Records

Range of Values:

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Average Value
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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
Richter Aaron Matthew $1,750,000 Wfg National Title Ins Co
Sandra J Stinson Trust $975,000 Lsi Title Company Inc
Deutsche Bank Nastional Trust Company $1,385,819 None Available
Garcia Erika -- First American Title Company
Gonzalez Juventino -- First American Title Company
Gore Fred -- First American Title Company
Gore Fred -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Richter Aaron Matthew $1,400,000
Previous Owner Stinson Sandra Jo $250,000
Previous Owner Sandra J Stinson Trust $780,000
Previous Owner Gonzalez Juventino $174,000
Previous Owner Gore Fred $150,000
Previous Owner Gore Fred $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $1,750,000 +3.2% $893 / Sq Ft
10/15/2021 10/15/21 Pending -- -- --
10/08/2021 10/08/21 For Sale $1,695,000 +73.8% $865 / Sq Ft
04/30/2014 04/30/14 Sold $975,000 +15.1% $516 / Sq Ft
04/14/2014 04/14/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $847,000 -- $448 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $19,290 $1,876,113 $848,966 $1,027,147
2023 $19,290 $1,785,000 $816,000 $969,000
2022 $18,615 $1,750,000 $800,000 $950,000
2021 $11,647 $1,104,190 $509,626 $594,564
2020 $11,526 $1,092,869 $504,401 $588,468
2019 $11,324 $1,071,441 $494,511 $576,930
2018 $11,237 $1,050,433 $484,815 $565,618
2017 $10,866 $1,029,837 $475,309 $554,528
2016 $10,640 $1,009,645 $465,990 $543,655
2014 $10,351 $975,000 $450,000 $525,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-3752

Santa Barbara Multiple Listing Service

APN: 039-101-009