NOT LISTED FOR SALE

Estimated Value: $2,422,000 - $6,232,344

-- Bed
1 Bath
3,500 Sq Ft
$1,330/Sq Ft Est. Value

Last Sold August 08, 2023

Last sale price $6,000,000 $1,714 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $31,086/month

7 Days on Market

Highlights

  • Parking available for a boat
  • 1 Acre Lot
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • 2 Car Direct Access Garage

About This Home

As of August 2023

An Upper Rivera family compound lovingly maintained by the same family for over 3 decades is ready for new stewardship. Roland Sauter, a prominent local Architect known for designing many local landmarks including Santa Barbara High & City Hall, designed this property as his personal residence. This stunning acre parcel retains much of its original landscaping & has 2 structures gracing the property. Enter the front 2 bedroom residence via a circular motor court which has 2 separate 1 bedroom residences & a 2 car garage, all of which could be converted back to a single family home. The rear duplex has 2 handsome 1 bedroom units above 6 carports & is nicely separated from the main house. All of this on one of most sought after Rivera addresses & just a stones' throw to the El Encanto Hotel

Last Agent to Sell the Property

Gregg Leach

Village Properties License #01005773 Listed on: 07/12/2023

Co-Listed By

Edward Edick

Village Properties License #00520230

Last Buyer's Agent

Robert Johnson

Berkshire Hathaway HomeServices California Properties License #01879477

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $63,648

Year Built

  • Built in 1930

Lot Details

  • 1 Acre Lot
  • Gated Home
  • Partially Fenced Property
  • Partial Sprinkler System
  • Property is in excellent condition

Parking

  • 2 Car Direct Access Garage
  • 9 Open Parking Spaces
  • 6 Carport Spaces
  • Parking available for a boat
  • RV Access or Parking

Home Design

  • Raised Foundation

Interior Spaces

  • 3,500 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

  • <<builtInOvenToken>>
  • Stove
  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Patio

Location

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

Schools

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

Utilities

  • Forced Air Heating System
  • 220 Volts
  • Cable TV Available

Listing and Financial Details

  • The owner pays for trash collection, water, gas, electricity
  • Assessor Parcel Number 019-163-005

Community Details

Overview

  • 5 Units
  • 15 Riviera/Upper Subdivision

Building Details

  • Electric Expense $5,012
  • Fuel Expense $2,356
  • Water Sewer Expense $13,107
  • Gross Income $254,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$63,648

Year Built

Built in 1930

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Income Expenses Annual Income: 254400.0
  • Income Expenses Electric Expense: 5012.0
  • Income Expenses Gas Expense: 2356.0
  • Monthly Income: 21200.0
  • Income Expenses Water Expense: 13107.0
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 17.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room, In Unit, Some, Other
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Gate:Elec, Guard Dog, Smoke Detector(s)
  • Co List Office Mls Id: vip
  • Co List Office Phone: 805-969-8900
  • Subdivision Name: 15 - Riviera/Upper
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Hardwood, Stone, Wnd/Cv Prt
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1930
  • Property Information Apx # Acres: 1.0
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Parking Info Carport2: Yes
  • Parking Info Uncovered: Yes
  • Parking Info Total # Carport Spaces2: 6.0
  • Parking Info Total # Unconvered Spaces: 9.0
  • Condition Excellent: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security GateElec: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Property Information Main House SqFt: 3500.0
  • FlrWdw Coverings Stone2: Yes
  • Property Information Apx Lot SqFt: 43560.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Interior Access3: Yes
  • Amenities Patio2: Yes
  • Parking Info RV3: Yes
  • Foundation Raised2: Yes
  • Amenities:_two_20V: Yes
  • Amenities OvensBltin: Yes
  • Amenities Fncd Prt: Yes
  • Amenities Yd Spkl Prt: Yes
  • FlrWdw Coverings WndCv Prt: Yes
  • Parking Info Total # Garage Spaces2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 1.0
  • Foundation Details: Mixed, Raised

Garage/Parking

  • Garage Spaces: 2.0
  • Open Parking Spaces: 9.0
  • Parking Features: Garages, Carport, Uncovered, Gar #2, Cpt #6, Boat, Interior Access, RV
  • Total Parking Spaces: 17.0
  • Parking Info Cpt #63: Yes

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes
  • Association Amenities:Cable TV: Yes

Fee Information

  • Annual Fuel Expense: 2356.0
  • Annual Water Sewer Expense: 13107.0

Schools

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

Lot Info

  • Parcel #: 019-163-005
  • Zoning: Other
  • Lot Size Sq Ft: 43560.0

Rental Info

  • Owner Pays: Trash Collection, Water, Gas, Electricity

Multi Family

  • Number Of Units Total: 5
  • Electric Expense: 5012.0
  • Annual Gross Income: 254400.0
  • Total Actual Rent: 21200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Aug 4, 2023
Sold by
Applegate-Cannelhed Family Trust
Bought by
Steven And Valerie Cole Family Trust and Noelle
Seller's Agent
Gregg Leach
Village Properties
Buyer's Agent
Robert Johnson
Berkshire Hathaway HomeServices California Properties
List Price
$6,000,000
Sold Price
$6,000,000
Views
57
Current Estimated Value
$4,654,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,345,219
Avg. Annual Appreciation
-12.27%
Original Mortgage
$3,000,000
Outstanding Balance
$2,944,661
Interest Rate
6.67%
Mortgage Type
Seller Take Back
Estimated Equity
$1,710,120

Purchase Details

Closed on
Jun 13, 2013
Sold by
Applegate Loyd P and Cannelhed Helen
Bought by
Applegate Loyd P and Cannelhed Helen

Purchase Details

Closed on
Jan 29, 2013
Sold by
Applegate Loyd P and Cannelhed Helen
Bought by
Applegate Loyd P and Cannelhed Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2009
Sold by
Applegate Loyd P and Cannelhed Helena
Bought by
Applegate Loyd P and Cannelhed Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,950
Interest Rate
4.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 3, 2007
Sold by
Applegate Loyd P and Cannelhed Helena
Bought by
Applegate Loyd P and Cannelhed Helen

Purchase Details

Closed on
Dec 5, 2006
Sold by
Applegate Loyd P and Cannelhed Helena
Bought by
Applegate Loyd P and Cannelhed Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2005
Sold by
Applegate Loyd P
Bought by
Applegate Loyd P and Cannelhed Helena

Purchase Details

Closed on
Oct 6, 2003
Sold by
Applegate Loyd P and Cannelhed Helena
Bought by
Applegate Loyd P and Cannelhed Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,500
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2000
Sold by
Echevarria Gilbert A
Bought by
Walker Robert John

Purchase Details

Closed on
Jun 22, 1999
Sold by
Applegate Loyd L and Applegate Loyd P
Bought by
Applegate Loyd L and Applegate Loyd P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 1999
Sold by
Applegate Loyd L and Applegate Loyd P
Bought by
Applegate Loyd L and Applegate Loyd P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Interest Rate
7.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 19, 1997
Sold by
Applegate Loyd and Applegate Paulene
Bought by
Applegate Loyd L and Applegate Paulene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$520,000
Interest Rate
7.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 11, 1997
Sold by
Applegate Loyd and Applegate Paulene
Bought by
Applegate Loyd and Applegate Paulene

Purchase Details

Closed on
Sep 10, 1993
Sold by
Applegate Loyd L and Applegate Paulene
Bought by
Applegate Loyd L and Applegate Paulene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
7.21%
Mortgage Type
Commercial
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
Steven And Valerie Cole Family Trust $6,000,000 Fidelity National Title Compan
Applegate Loyd P -- None Available
Applegate Loyd P -- Fidelity National Title Co
Applegate Loyd P -- Fidelity National Title Co
Applegate Loyd P -- None Available
Applegate Loyd P -- Accommodation
Applegate Loyd P -- --
Applegate Loyd P -- --
Applegate Loyd P -- Fidelity National Title Co
Walker Robert John -- Chicago Title Co
Applegate Loyd L -- Chicago Title Co
Applegate Loyd L -- Chicago Title Co
Applegate Loyd L $238,000 Chicago Title Co
Applegate Loyd -- --
Applegate Loyd L -- Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steven And Valerie Cole Family Trust $3,000,000
Previous Owner Applegate-Cannelhed Family Tru $250,000
Previous Owner Applegate Loyd P $150,000
Previous Owner Applegate Loyd P $800,000
Previous Owner Applegate Loyd P $801,950
Previous Owner Applegate Loyd P $700,000
Previous Owner Applegate Loyd P $620,500
Previous Owner Applegate Loyd L $607,500
Previous Owner Applegate Loyd L $520,000
Previous Owner Applegate Loyd L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2023 08/08/23 Sold $6,000,000 0.0% $1,714 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/12/2023 07/12/23 For Sale $6,000,000 -- $1,714 / 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
2023 $63,648 $1,118,708 $388,332 $730,376
2022 $11,898 $1,096,773 $380,718 $716,055
2021 $11,613 $1,075,268 $373,253 $702,015
2020 $11,491 $1,064,243 $369,426 $694,817
2019 $11,287 $1,043,377 $362,183 $681,194
2018 $11,122 $1,022,920 $355,082 $667,838
2017 $10,753 $1,002,864 $348,120 $654,744
2016 $10,531 $983,201 $341,295 $641,906
2014 $10,243 $949,463 $329,584 $619,879
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-2038

Santa Barbara Multiple Listing Service

APN: 019-163-005