NOT LISTED FOR SALE

Estimated Value: $1,494,000 - $1,898,379

2 Beds
1 Bath
-- Sq Ft
6,970 Sq Ft Lot

Last Sold February 28, 2013

Last sale price $675,000

Est. 152% increase in value since last sale

Current estimated payment $9,917/month

3 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Property is in excellent condition
  • Santa Barbara Senior High School Rated A-
  • Garage
  • Gravity Heating System

About This Home

As of February 2013

This is a turnkey investment property in the downtown area of Santa Barbara. White picket fence, large shade trees encompass this R-4 lot. The main house is a classic craftsman 2 bedroom; I bath with hardwood flooring, newer paint, and kitchen, electrical. The back home is a lovely 1 bedroom studio with hardwood flooring with mountain views.

Last Agent to Sell the Property

John Thyne

Goodwin & Thyne Properties License #01356582 Listed on: 09/09/2012

Last Buyer's Agent

David Kim

Village Properties License #01813897

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,661

Year Built

  • Built in 1928

Lot Details

  • 6,970 Sq Ft Lot
  • Property is in excellent condition

Interior Spaces

  • Fireplace
  • Fire and Smoke Detector
  • Stove
  • Laundry in unit

Flooring

  • Wood
  • Tile

Parking

  • Garage
  • Uncovered Parking

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Gravity Heating System

Listing and Financial Details

  • The owner pays for water, gas, electricity
  • Assessor Parcel Number 025-352-023

Community Details

Overview

  • 2 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Operating Expense $3,000
  • Gross Income $49,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,661

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1928
  • Income Expenses Annual Income: 49500.0
  • Annual Expenses: 3000.0
  • Monthly Income: 4125.0
  • ResoLaundryFeatures: In Unit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1928
  • Property Information Apx # Acres: 0.16
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • Amenities Gas Stove2: Yes
  • Assessor's Data Assessor Lot Acres: 0.16
  • HeatingCooling Grav2: Yes
  • Special Features: 4108
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.16
  • Foundation Details: Mixed

Garage/Parking

  • Parking Features: Garages, Uncovered, Gar #2

Utilities

  • Heating: Grav
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes

Schools

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

Lot Info

  • Parcel #: 025-352-023
  • Zoning: R-4
  • Lot Size Sq Ft: 6969.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 49500.0
  • Annual Operating Expense: 3000.0
  • Total Actual Rent: 4125.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 9, 2012
Closed on
Feb 6, 2013
Sold by
Hoffman Lori and Ogden William
Bought by
Gladwish Gary and Deckett Sara G
Seller's Agent
John Thyne
Goodwin & Thyne Properties
Buyer's Agent
David Kim
Village Properties
List Price
$625,000
Sold Price
$675,000
Premium/Discount to List
$50,000
8%
Current Estimated Value
$1,700,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,845
Avg. Annual Appreciation
7.65%
Original Mortgage
$533,850
Outstanding Balance
$374,598
Interest Rate
3.34%
Mortgage Type
New Conventional
Estimated Equity
$1,326,231

Purchase Details

Closed on
Sep 11, 2002
Sold by
Bradford Paul S and Bradford Susan M
Bought by
Ogden William and Hoffman Lori

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,500
Interest Rate
5.87%

Purchase Details

Closed on
Jun 25, 2002
Sold by
Bradford Paul S and Bradford Susan M
Bought by
Bradford Paul S and Bradford Susan M

Purchase Details

Closed on
Nov 24, 1993
Sold by
Rouse Lowell John
Bought by
Bradford Teri L
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
Gladwish Gary $675,000 Chicago Title Company
Ogden William $775,000 First American Title
Bradford Paul S -- --
Bradford Paul S -- First American Title
Bradford Teri L -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gladwish Gary $533,850
Previous Owner Hoffman Lori $840,000
Previous Owner Ogden William $612,500
Previous Owner Ogden William $542,500
Previous Owner Bradford Paul S $30,000
Previous Owner Bradford Paul S $236,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2013 02/28/13 Sold $675,000 +8.0% --
09/11/2012 09/11/12 Pending -- -- --
09/08/2012 09/08/12 For Sale $625,000 -- --
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 $8,661 $831,201 $369,423 $461,778
2023 $8,661 $798,927 $355,079 $443,848
2022 $8,357 $783,263 $348,117 $435,146
2021 $8,164 $767,906 $341,292 $426,614
2020 $8,080 $760,033 $337,793 $422,240
2019 $7,939 $745,131 $331,170 $413,961
2018 $7,827 $730,522 $324,677 $405,845
2017 $7,568 $716,199 $318,311 $397,888
2016 $7,439 $702,157 $312,070 $390,087
2014 $7,238 $678,064 $301,362 $376,702
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-2872

Santa Barbara Multiple Listing Service

APN: 025-352-023