NOT LISTED FOR SALE

195 Olive St Summerland, CA 93067

Estimated Value: $1,224,000 - $3,054,791

0.15 Acre
$12,694,653 Price per Acre
6,534 Sq Ft Lot

Sale Details

Date Sold: June 17, 2016

Last sale price $830,000

Est. 129% increase in value since last sale

Current estimated payment $11,146 / mo

37 Days on Market

About This Lot

As of June 2016

Hilltop Property with Ocean Views in beautiful Summerland! Legal Duplex has 7 bedrooms, 6 bathrooms, and 2 fireplaces. It is in need of major renovations due to unpermitted & safety issues. As Is Sale & CASH only. Tear it down & build a dream home or income property. Great Opportunity! Seller requires purchaser to obtain a Caliber Home Loans Pre-Qualification Letter prior to accepting an offer for any non-cash transaction. Please contact Caliber Loan Consultant at (805) 883-6800 to obtain. Purchaser may use any lender to obtain financing for the purchase.

Last Agent to Sell the Property

Timm Delaney

Berkshire Hathaway HomeServices California Properties License #01083019 Listed on: 05/01/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Timm Delaney

Berkshire Hathaway HomeServices California Properties License #01083019 Listed on: 05/01/2016

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Schools

  • Carp. Jr. Middle School

Additional Features

  • Ocean Views
  • Gas Available

Community Details

  • 05 Summerland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 005-152-023

Property Details

Property Type

Land

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Residential/SFR
  • Subdivision Name: 05 - Summerland
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Other
  • Utility Info Water: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • ViewOcean: Yes
  • Utility Info Gas6: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-152-023
  • Zoning: Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2016
Closed on
Jun 10, 2016
Sold by
Us Bank Trust Na
Bought by
Gerrity David W
Seller's Agent
Timm Delaney
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Timm Delaney
Berkshire Hathaway HomeServices California Properties
List Price
$939,900
Sold Price
$830,000
Premium/Discount to List
-$109,900
-11.69%
Current Estimated Value
$1,904,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,074,198
Avg. Annual Appreciation
8.77%

Purchase Details

Closed on
Sep 25, 2015
Sold by
Fairbanks Miguel and Fairbanks Jennifer Jaqua
Bought by
U S Bank Trust Na

Purchase Details

Closed on
Jun 26, 2012
Sold by
Fairbanks Miguel
Bought by
Jaqua Jennifer

Purchase Details

Closed on
Oct 20, 2005
Sold by
Siemens Jason G
Bought by
Fairbanks Miguel and Fairbanks Jennifer Jaqua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2003
Sold by
Siemens Wayne G
Bought by
Siemens Jason G and Fairbanks Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 2001
Sold by
Siemens Sharol
Bought by
Siemens Wayne G

Purchase Details

Closed on
Aug 15, 2001
Sold by
Vichi David
Bought by
Fairbanks Miguel and Fairbanks Jennifer Jaqua

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$507,500
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 14, 2001
Sold by
Vichi David and Vichi David A
Bought by
Vicki David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 1997
Sold by
Peckenpaugh Catherine L and Peckenpaugh Catherine L
Bought by
Vichi David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,500
Interest Rate
7.26%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gerrity David W $830,000 First American Title Company
U S Bank Trust Na $1,000,000 Accommodation
Jaqua Jennifer -- None Available
Fairbanks Miguel $247,000 Fidelity National Title
Siemens Jason G -- Chicago Title Co
Siemens Wayne G -- Stewart Title
Fairbanks Miguel $725,000 Stewart Title
Vicki David -- United Title Company
Vichi David A $350,000 Santa Barbara Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fairbanks Miguel $1,000,000
Previous Owner Siemens Jason G $630,000
Previous Owner Fairbanks Miguel $507,500
Previous Owner Vicki David $420,000
Previous Owner Vichi David A $297,500
Closed Vichi David A $17,500
Closed Fairbanks Miguel $36,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2016 06/17/16 Sold $830,000 0.0% --
06/17/2016 06/17/16 Sold $830,000 -11.7% -- View Prior Sale
06/07/2016 06/07/16 Pending -- -- --
06/07/2016 06/07/16 Pending -- -- --
05/01/2016 05/01/16 For Sale $939,900 -10.5% --
12/17/2015 12/17/15 For Sale $1,050,000 -- --
Source: Santa Barbara Multiple Listing Service

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 $12,606 $982,544 $810,897 $171,647
2023 $12,606 $944,393 $779,410 $164,983
2022 $12,261 $925,877 $764,128 $161,749
2021 $11,970 $907,724 $749,146 $158,578
2020 $11,795 $898,417 $741,465 $156,952
2019 $13,727 $880,802 $726,927 $153,875
2018 $13,428 $863,532 $712,674 $150,858
2017 $13,126 $846,600 $698,700 $147,900
2016 $12,267 $775,000 $650,000 $125,000
2015 $15,573 $1,093,301 $785,159 $308,142
2014 $14,761 $1,071,885 $769,779 $302,106
Source: Public Records

Agents Affiliated with this Home

  • Timm Delaney

    Seller's Agent in 2016

    Timm Delaney

    Berkshire Hathaway HomeServices California Properties

    (805) 687-2666

    5 Total Sales

    Timm Delaney
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1431

Santa Barbara Multiple Listing Service

APN: 005-152-023

California Santa Barbara County Summerland 93067

195 Olive St, Summerland, CA

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