NOT LISTED FOR SALE

1927 Red Rose Way Santa Barbara, CA 93109

Alta Mesa Neighborhood

Estimated Value: $1,928,000 - $3,174,000

5 Beds
4 Baths
-- Sq Ft
5,663 Sq Ft Lot

Last Sold June 28, 2017

Last sale price $1,470,000

Est. 78% increase in value since last sale

Current estimated payment $15,301/month

317 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Facilities
  • Washington Elementary School Rated A
  • Cooling System Mounted In Outer Wall Opening
  • 4-minute walk to La Mesa Park

About This Home

As of June 2017

This multi-unit property overlooks the Mesa Shopping Center and is near Lazy Acres, Santa Barbara City College, and the other amenities that the Mesa offers. The building consists of two 2/1 units with ocean and island views, one 1/1 unit, and one studio. Many upgrades: new roof & gutters, kitchen counter tops, baths, paint, carpet. There are five covered parking spots and an on-site laundry. These have separate electric meters. Common water meter.

Last Agent to Sell the Property

Tim Johnson

Keller Williams Realty Santa Barbara License #01426239 Listed on: 05/02/2017

Keller Williams Realty Santa Barbara

Last Buyer's Agent

Fen Liang

Real Estate eBroker Inc. License #01968402

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,725

Year Built

  • Built in 1965

Lot Details

  • 5,663

Interior Spaces

  • 2-Story Property
  • Stove

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 5 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

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Additional Features

  • Property is near an ocean
  • Property is in good condition

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 035-342-005

Community Details

Overview

  • 4 Units
  • 20 Mesa Subdivision

Additional Features

  • Laundry Facilities
  • Gross Income $89,796

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,725

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1965
  • Income Expenses Annual Income: 89796.0
  • Capitalization Rate: 3.48
  • Gross Rent Multiplier: 16.65
  • Monthly Income: 7425.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 5.0
  • Building Stories: 2
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 20 - Mesa
  • Carport Y N: Yes
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1965
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Total # Carport Spaces2: 5.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • FlrWdw Coverings Vinyl2: Yes
  • Amenities Elec Stove: Yes
  • HeatingCooling Elec: Yes
  • Laundry Bldg: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Garage/Parking

  • Parking Features: Cpt #5
  • Total Parking Spaces: 5.0

Utilities

  • Heating: Elec
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 035-342-005
  • Zoning: R-2

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 89796.0
  • Total Actual Rent: 7425.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Jun 5, 2017
Sold by
V & H Investments
Bought by
Payne Matthew S and Liang Fen
Seller's Agent
Tim Johnson
Keller Williams Realty Santa Barbara
Buyer's Agent
Fen Liang
Real Estate eBroker Inc.
List Price
$1,595,000
Sold Price
$1,470,000
Premium/Discount to List
-$125,000
-7.84%
Current Estimated Value
$2,617,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,147,850
Avg. Annual Appreciation
7.12%
Original Mortgage
$815,650
Outstanding Balance
$681,696
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$1,910,102

Purchase Details

Closed on
May 9, 2008
Sold by
Vanblaricum Michael and Vanblaricum Pamela
Bought by
V & H Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2008
Sold by
Vanblaricum Michael L and Vanblaricum Pamela C
Bought by
Vanblaricum Michael and Vanblaricum Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
5.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 1999
Sold by
Michael Vanblaricum
Bought by
Vanblaricum Michael L and Vanblaricum Pamela C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Payne Matthew S $1,470,000 First American Title Company
V & H Investments -- Accommodation
Vanblaricum Michael -- First American Title Company
Vanblaricum Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Matthew S $815,650
Previous Owner Vanblaricum Michael $149,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $1,470,000 -7.8% --
05/14/2017 05/14/17 Pending -- -- --
07/01/2016 07/01/16 For Sale $1,595,000 -- --
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 $17,725 $1,706,055 $870,437 $835,618
2023 $17,725 $1,639,809 $836,638 $803,171
2022 $17,105 $1,607,657 $820,234 $787,423
2021 $16,712 $1,576,135 $804,151 $771,984
2020 $16,540 $1,559,975 $795,906 $764,069
2019 $16,252 $1,529,388 $780,300 $749,088
2018 $16,022 $1,499,400 $765,000 $734,400
2017 $3,056 $286,978 $114,785 $172,193
2016 $3,059 $281,352 $112,535 $168,817
2014 $2,978 $271,699 $108,674 $163,025
Source: Public Records

Agents Affiliated with this Home

  • Tim Johnson

    Seller's Agent in 2017

    Tim Johnson

    Keller Williams Realty Santa Barbara

    (805) 403-6323

    2 in this area

    18 Total Sales

    Tim Johnson
    Section Image

  • F

    Buyer's Agent in 2017

    Fen Liang

    Real Estate eBroker Inc.

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2197

Santa Barbara Multiple Listing Service

APN: 035-342-005

California Santa Barbara County Santa Barbara 93109 Alta Mesa

1927 Red Rose Way, Santa Barbara, CA

This home is located at 1927 Red Rose Way, Santa Barbara, CA 93109 since 02 May 2017 and is currently estimated at $2,617,850. This property was built in 1965. 1927 Red Rose Way is a home located in Santa Barbara County with nearby schools including Washington Elementary School, La Cumbre Junior High School, and Olive Grove Charter - Santa Barbara.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Santa Barbara Multiple Listing Service This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
Copyright 2025 Santa Barbara Multiple Listing Service. All rights reserved.

Nearby Homes