NOT LISTED FOR SALE

1532 Castillo St Santa Barbara, CA 93101

Oak Park Neighborhood

Estimated Value: $2,097,000 - $3,232,000

7 Beds
5 Baths
1,978 Sq Ft
$1,306/Sq Ft Est. Value

Last Sold August 11, 2021

Last sale price $2,225,000 $1,125 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $16,117/month

44 Days on Market

Highlights

  • Property is near an ocean
  • Updated Kitchen
  • Property is near a park
  • Santa Barbara Senior High School Rated A-
  • Colonial Architecture
  • Wood Flooring

About This Home

As of August 2021

A beautifully renovated 1913 Colonial in the heart of Downtown Santa Barbara, 1532 Castillo is an incredibly stable turnkey investment in an A+ location. The fully leased triplex boasts market rents, a strong rental history, low maintenance costs and R-4 zoning. The main house has 5 beds & 3 baths, and has undergone a full renovation, including a new kitchen & bathrooms, all new electrical & plumbing and ductless heat & AC. The detached rear duplex has also undergone a full renovation, and features wood floors, updated kitchens, AC & in-unit laundry. Currently generating $132,000 in rental income annually, the property is being offered at a 4% cap rate. Perfect for an investor looking for an income-producing asset, or an owner/user who wants to live in the front home & rent out the back.

Last Agent to Sell the Property

Lucas Martinez

Compass License #02031424 Listed on: 05/27/2021

Compass

Co-Listed By

Jason Bertoli

Compass License #02031684

Last Buyer's Agent

Lucas Martinez

Compass License #02031424 Listed on: 05/27/2021

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,512

Year Built

  • Built in 1913

Lot Details

  • 7,841 Sq Ft Lot
  • Property is in excellent condition
  • Property is zoned R-4

Home Design

  • Colonial Architecture
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1,978 Sq Ft Home
  • Living Room with Fireplace
  • Formal Dining Room
  • Wood Flooring

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Stove
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Remodeled Bathroom
  • 5 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • 3 Open Parking Spaces

Outdoor Features

  • Property is near an ocean

Location

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

Schools

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

Utilities

  • Cooling Available
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units
  • 15 Or 20 Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 027-212-025

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,512

Year Built

Built in 1913

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1913
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room, In Unit
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: COMPCA
  • Co List Office Phone: 805-253-7700
  • Subdivision Name: 15 or 20 - Downtown
  • Architectural Style: Colonial
  • Carport Y N: Yes
  • Reso Flooring: Wood, Hardwood
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1913
  • Property Information Total #Units: 3
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Range2: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 1978.0
  • Proximity Near Shopping2: Yes
  • Dining Formal2: Yes
  • Property Information Apx Lot SqFt: 7841.0
  • Proximity Near Bus: Yes
  • ParkingGarage Total # Uncovered Spaces: 3.0
  • Laundry In Unit2: Yes
  • FlrWdw Coverings Wood2: Yes
  • Proximity Near Hospital2: Yes
  • ParkingGarage Unc #22: Yes
  • Foundation Pier Post: Yes
  • ParkingGarage Cpt #22: Yes
  • ParkingGarage Total # Carport Spaces: 2.0
  • Heating Wall: Yes
  • Style Colonial2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Gas Range, Dishwasher, Disposal, Dryer, Gas Stove, Washer
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplace Features: LR

Exterior Features

  • Roof: Composition
  • Acres: 0.18
  • Foundation Details: Pier & Post

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
  • Parking Features: Cpt #2, Unc #2

Utilities

  • Cooling: Other
  • Heating: Wall
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: SB Wtr

Schools

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

Lot Info

  • Parcel #: 027-212-025
  • Zoning: R-4
  • Lot Size Sq Ft: 7841.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2021
Closed on
Jul 27, 2021
Sold by
Hearth Homes Llc
Bought by
Victor Donnelly Robert
Seller's Agent
Lucas Martinez
Compass
Buyer's Agent
Lucas Martinez
Compass
List Price
$2,350,000
Sold Price
$2,225,000
Premium/Discount to List
-$125,000
-5.32%
Current Estimated Value
$2,583,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$358,061
Avg. Annual Appreciation
4.31%
Original Mortgage
$1,400,000
Outstanding Balance
$1,321,310
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,317,393

Purchase Details

Listed on
Feb 21, 2018
Closed on
Mar 9, 2018
Sold by
David Thomas Asset Inc
Bought by
Hearth Homes Llc
Seller's Agent
Bryan Uhrig
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jason Bertoli
Compass
List Price
$1,939,000
Sold Price
$1,975,000
Premium/Discount to List
$36,000
1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.58%

Purchase Details

Listed on
Feb 21, 2018
Closed on
Feb 26, 2018
Sold by
Thomas David C and Thomas Patricia
Bought by
David Thomas And Associates Inc
Seller's Agent
Bryan Uhrig
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jason Bertoli
Compass
List Price
$1,939,000
Sold Price
$1,975,000
Premium/Discount to List
$36,000
1.86%

Purchase Details

Closed on
Sep 26, 2017
Sold by
Brown Jeanne
Bought by
Thomas David C and Thomas Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
3.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Victor Donnelly Robert $2,225,000 Chicago Title Company
Hearth Homes Llc $1,975,000 First American Title Co
David Thomas And Associates Inc -- First American Title Co
Thomas David C $1,200,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Victor Donnelly Robert $1,400,000
Previous Owner Thomas David C $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2021 08/11/21 Sold $2,225,000 -5.3% $1,125 / Sq Ft
07/10/2021 07/10/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $2,350,000 +19.0% $1,188 / Sq Ft
03/23/2018 03/23/18 Sold $1,975,000 +1.9% $998 / Sq Ft
02/25/2018 02/25/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $1,939,000 -- $980 / 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 $24,512 $2,361,187 $1,087,738 $1,273,449
2023 $24,512 $2,269,500 $1,045,500 $1,224,000
2022 $23,655 $2,225,000 $1,025,000 $1,200,000
2021 $22,000 $2,076,077 $972,340 $1,103,737
2020 $21,773 $2,054,790 $962,370 $1,092,420
2019 $21,394 $2,014,500 $943,500 $1,071,000
2018 $12,831 $1,200,000 $700,000 $500,000
2017 $4,303 $412,665 $225,091 $187,574
2016 $4,269 $404,575 $220,678 $183,897
2014 $4,152 $390,694 $213,107 $177,587
Source: Public Records

Agents Affiliated with this Home

  • Lucas Martinez

    Seller's Agent in 2021

    Lucas Martinez

    Compass

    (978) 505-9125

    3 in this area

    28 Total Sales

    Lucas Martinez
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    Jason Bertoli

    Compass

    (617) 504-2400

    6 in this area

    35 Total Sales

    Jason Bertoli
    Section Image
  • Bryan Uhrig

    Seller's Agent in 2018

    Bryan Uhrig

    Berkshire Hathaway HomeServices California Properties

    (805) 331-3191

    1 in this area

    18 Total Sales

    Bryan Uhrig
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-1917

Santa Barbara Multiple Listing Service

APN: 027-212-025

California Santa Barbara County Santa Barbara 93101 Oak Park

1532 Castillo St, Santa Barbara, CA

This home is located at 1532 Castillo St, Santa Barbara, CA 93101 since 27 May 2021 and is currently estimated at $2,583,061, approximately $1,305 per square foot. This property was built in 1913. 1532 Castillo St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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