NOT LISTED FOR SALE

Estimated Value: $2,282,599

-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Last Sold April 27, 2016

Last sale price $1,240,000

Est. 84% increase in value since last sale

Current estimated payment $13,412/month

2 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • 4 Car Garage
  • Santa Barbara Senior High School Rated A-

About This Home

As of April 2016

Upside investor opportunity in a fantastic location by Cottage Hospital. 2 buildings - Victorian 2-BR/2-BA home plus 1950's 2/1+1/1 duplex in a favorable side-by-side configuration. Each building has a 2-car garage. Consider also for an owner-occupant/ investor combo - live in house, duplex pays the mortgage. Sold as-is, please review reports prior to making offer. Only open house 4/7 11-1pm.

Last Agent to Sell the Property

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 04/05/2016

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Ken Switzer

Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 04/05/2016

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,697

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Property is in average condition

Parking

  • 4 Car Garage

Home Design

  • Raised Foundation
  • Slab Foundation

Flooring

  • Wood
  • Carpet

Location

  • Property is near a park
  • Property is near public transit
  • Property near a hospital
  • Property is near a bus stop

Schools

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

Utilities

  • Individual Gas Meter

Community Details

  • 3 Units
  • Gross Income $73,500

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 025-022-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,697

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1920
  • Income Expenses Annual Income: 73500.0
  • Capitalization Rate: 4.0
  • Monthly Income: 6125.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 4.0
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Average, Fair
  • Property Information Year Built2: 1920
  • NeighborhoodSchools Elementary School: Peabody
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Apx Lot SqFt: 6098.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Condition Fair2: Yes
  • Condition Average2: Yes
  • Foundation Raised2: Yes
  • Parking Info Gar #43: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14
  • Foundation Details: Slab, Raised

Garage/Parking

  • Parking Features: Gar #4
  • Total Parking Spaces: 4.0

Schools

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

Lot Info

  • Parcel #: 025-022-012
  • Zoning: R-4
  • Lot Size Sq Ft: 6098.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 73500.0
  • Total Actual Rent: 6125.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2023
Sold by
Moriarty Lawrence S
Bought by
Lawrence Scott Moriarty 2023 Trust and Moriarty
Current Estimated Value
$2,282,599

Purchase Details

Listed on
Apr 5, 2016
Closed on
Apr 22, 2016
Sold by
Jacobs Christopher A and Jacobs Charmaine C
Bought by
Moriarty Larry
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
List Price
$1,295,000
Sold Price
$1,240,000
Premium/Discount to List
-$55,000
-4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.75%
Original Mortgage
$1,000,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2010
Sold by
Lockerbie Rosemarie and Blackmore David
Bought by
Jacobs Christopher A and Jacobs Charmaine C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,500
Interest Rate
4.33%
Mortgage Type
New Conventional
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
Lawrence Scott Moriarty 2023 Trust -- None Listed On Document
Moriarty Larry $1,240,000 Fidelity National Title Co
Jacobs Christopher A $830,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moriarty Lawrence $1,010,000
Previous Owner Moriarty Larry $1,000,000
Previous Owner Jacobs Christopher A $622,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2016 04/27/16 Sold $1,240,000 -4.2% --
04/06/2016 04/06/16 Pending -- -- --
04/04/2016 04/04/16 For Sale $1,295,000 -- --
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 $11,697 $1,161,023 $655,417 $505,606
2023 $11,697 $992,912 $560,515 $432,397
2022 $12,613 $1,187,095 $670,135 $516,960
2021 $12,123 $1,144,683 $646,193 $498,490
2020 $12,089 $1,141,591 $644,447 $497,144
2019 $13,415 $1,264,084 $713,597 $550,487
2018 $12,573 $1,178,086 $665,049 $513,037
2017 $11,760 $1,117,121 $630,633 $486,488
2016 $9,480 $898,273 $649,355 $248,918
2015 $9,377 $884,782 $639,602 $245,180
2014 $9,224 $867,452 $627,074 $240,378
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1098

Santa Barbara Multiple Listing Service

APN: 025-022-012