NOT LISTED FOR SALE

Estimated Value: $1,688,000 - $1,996,967

-- Bed
-- Bath
-- Sq Ft
7,841 Sq Ft Lot

Last Sold April 11, 2024

Last sale price $1,800,000

Est. 1% decrease in value since last sale

Current estimated payment $9,820/month

6 Days on Market

About This Home

As of April 2024

Welcome to 228 E Figueroa St, a rare gem in Santa Barbara's real estate landscape. This historical Craftsman-style fourplex, designated as a structure of merit, IN R-O zoning is making its debut on the market for the first time. The front unit features a cozy 2-bedroom, 1-bath layout, while the remaining three units each consist of comfortable 1-bedroom, 1-bath spaces. Located just minutes away from downtown, the vibrant Funk Zone, and all the amenities that Santa Barbara has to offer, this property presents an unparalleled opportunity to own a piece of history and embrace the charm of this sought-after neighborhood.

Last Agent to Sell the Property

Hitchcock & Associates

Compass License #01932289 Listed on: 02/27/2024

Compass

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,237

Lot Details

  • 7,841

Parking

  • Detached Garage
  • On-Street Parking
  • Open Parking

Schools

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

Additional Features

  • 7,841 Sq Ft Lot
  • Stove
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 029-212-007

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,237

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Monthly Income: 4000.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: No
  • Meters Sep Meter Wtr: N
  • ResoLaundryFeatures: None
  • Garage Yn: Yes
  • Property Information Apx # Acres: 0.18
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Pets Yes: Yes
  • Amenities Gas Stove2: Yes
  • Parking Info Detached3: Yes
  • Parking Info Gar #43: Yes
  • Parking Info Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.18

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Street, Gar #4, Unc #2, Detached

Schools

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

Lot Info

  • Parcel #: 029-212-007
  • Zoning: RO
  • Lot Size Sq Ft: 7840.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 4000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Mar 25, 2024
Sold by
De La Torre/Ramsey Family Trust and Ramsey Susan E
Bought by
Dcp Figueroa Llc
Seller's Agent
Hitchcock & Associates
Compass
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$1,744,400
Sold Price
$1,800,000
Premium/Discount to List
$55,600
3.19%
Views
29
Current Estimated Value
$1,774,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,162
Avg. Annual Appreciation
1.47%
Original Mortgage
$1,100,000
Outstanding Balance
$1,084,751
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$750,741
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Dcp Figueroa Llc $1,800,000 Wfg National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dcp Figueroa Llc $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2024 04/11/24 Sold $1,800,000 +3.2% --
03/05/2024 03/05/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $1,744,400 -- --
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 $1,237 $1,836,000 $1,071,000 $765,000
2023 $1,237 $110,227 $50,166 $60,061
2022 $1,193 $108,067 $49,183 $58,884
2021 $1,163 $105,949 $48,219 $57,730
2020 $1,151 $104,864 $47,725 $57,139
2019 $1,131 $102,809 $46,790 $56,019
2018 $1,114 $100,794 $45,873 $54,921
2017 $1,077 $98,819 $44,974 $53,845
2016 $1,139 $96,883 $44,093 $52,790
2014 $1,110 $93,561 $42,581 $50,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-599

Santa Barbara Multiple Listing Service

APN: 029-212-007