NOT LISTED FOR SALE

Estimated Value: $440,642 - $540,000

2 Beds
1 Bath
-- Sq Ft
0.26 Acres

Last Sold September 04, 2015

Last sale price $565,000

Est. 13% decrease in value since last sale

Current estimated payment $2,895/month

8 Days on Market

Highlights

  • Property is near a park
  • Garage
  • 1-minute walk to Buena Vista Park
  • Vinyl Plank Flooring
  • Partially Fenced Property

About This Home

As of September 2015

Only 12 GRM! Two parcels. This home and triplex are located behind the Santa Maria Inn near Buena Vista Park. The 1,009 SF Mediterranean-styled 2+1 home is on one parcel and the three 560 SF California bungalow-styled 1+1 cottages are on another. Both the home and each cottage feature front and rear yards and 1-car garages. The owner rents out three of the four additional 1-car garages for $170.

Last Agent to Sell the Property

Brian Bailey

Central Coast Investments License #00680927 Listed on: 07/01/2015

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,325

Year Built

  • Built in 1930

Lot Details

  • 0.26 Acre Lot
  • Partially Fenced Property
  • Property is in good condition

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Vinyl Plank

Parking

  • Garage
  • Uncovered Parking

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Shared Gas Meter
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 123-181-014

Community Details

Overview

  • 4 Units

Building Details

  • Insurance Expense $1,605
  • Gross Income $49,260

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,325

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Income Expenses Annual Income: 49260.0
  • Gross Rent Multiplier: 12
  • Monthly Income: 3935.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: Other
  • Reso Flooring: Carpet, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1930
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 11417.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Property Information Apx Lot Size FxD: 2 parcels
  • Parking Info Garages: Yes
  • Income Expenses Actual: Yes
  • Amenities Fncd Prt: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.26
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garages, Uncovered

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 123-181-014
  • Zoning: R-3
  • Lot Size Sq Ft: 11417.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 49260.0
  • Insurance Expense: 1605.0
  • Total Actual Rent: 3935.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2015
Closed on
Jul 17, 2015
Sold by
Gray Gary and Gray Marsha
Bought by
Romo Jose G
Seller's Agent
Brian Bailey
Central Coast Investments
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$595,000
Sold Price
$565,000
Premium/Discount to List
-$30,000
-5.04%
Current Estimated Value
$493,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$71,673
Avg. Annual Appreciation
-1.46%
Original Mortgage
$423,750
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2003
Sold by
Fitzgerald Michael W and Fitzgerald Michelle L
Bought by
Gray Gary and Gray Marsha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$410,000
Interest Rate
4%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 8, 2002
Sold by
Albrecht Mark C
Bought by
Fitzgerald Michael W and Fitzgerald Michelle L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.87%

Purchase Details

Closed on
May 14, 2001
Sold by
Farwest Mtg Bankers Inc
Bought by
Albrecht Mark C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.5%

Purchase Details

Closed on
Apr 11, 2001
Sold by
Jolly Henry Martin
Bought by
Farwest Mtg Bankers Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
8.5%

Purchase Details

Closed on
Dec 31, 1996
Sold by
Wheeler Frank E and Wheeler Fam Rev Tr
Bought by
Wheeler Frank E and Wheeler Hazel M

Purchase Details

Closed on
May 13, 1996
Sold by
Wheeler Frank E and Wheeler Hazel M
Bought by
Wheeler Frank E and Wheeler Hazel M

Purchase Details

Closed on
Dec 13, 1993
Sold by
Ramos Antonio Montoya
Bought by
Ramos Sammie Saint George
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
Romo Jose G $565,000 Fidelity National Title Co
Gray Gary $580,000 Lawyers Title Company
Fitzgerald Michael W $183,000 Stewart Title
Albrecht Mark C -- Lawyers Title Company
Farwest Mtg Bankers Inc $310,000 Lawyers Title Company
Wheeler Frank E -- --
Wheeler Frank E -- --
Wheeler Frank E -- --
Ramos Sammie Saint George -- Stewart Title Of Santa Barba
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Romo Jose G $405,000
Previous Owner Romo Jose G $423,750
Previous Owner Gray Gary $120,000
Previous Owner Gray Gary $410,000
Previous Owner Fitzgerald Michael W $100,000
Previous Owner Albrecht Mark C $248,000
Closed Albrecht Mark C $18,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2015 09/04/15 Sold $565,000 -5.0% --
07/09/2015 07/09/15 Pending -- -- --
07/01/2015 07/01/15 For Sale $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 $2,325 $213,077 $100,620 $112,457
2023 $2,325 $204,805 $96,714 $108,091
2022 $2,243 $200,790 $94,818 $105,972
2021 $2,182 $196,854 $92,959 $103,895
2020 $2,179 $194,836 $92,006 $102,830
2019 $2,155 $191,016 $90,202 $100,814
2018 $2,128 $187,272 $88,434 $98,838
2017 $2,104 $183,600 $86,700 $96,900
2016 $2,013 $180,000 $85,000 $95,000
2015 $1,470 $131,000 $70,000 $61,000
2014 $1,301 $119,000 $64,000 $55,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-2246

Santa Barbara Multiple Listing Service

APN: 123-181-014