NOT LISTED FOR SALE

Estimated Value: $554,255

Studio
-- Bath
-- Sq Ft
6,970 Sq Ft Lot

Sale Details

Date Sold: July 3, 2014

Last sale price $230,000

Est. 141% increase in value since last sale

Current estimated payment $3,311 / mo

13 Days on Market

Highlights

  • Fireplace
  • Property is near shops
  • Carpet

About This Home

As of July 2014

This charming multi-unit property on a corner lot is conveniently located next to shopping, restaurants, etc. The units consist of a 3/1 front house, a 1/1, and a detached studio. This is an excellent opportunity for an owner/user or an investor. Current combined monthly rent is $1850; $1000 for 3/1, $600 for 1/1, and $250 for the studio. Property to be purchased in it's ''AS IS'' condition.

Last Agent to Sell the Property

William Stonecipher

Goodwin & Thyne Properties License #01914844 Listed on: 06/03/2014

Last Buyer's Agent

Todd Ranney

Re/Max Mission Realty

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,970

Interior Spaces

  • Fireplace
  • Stove

Flooring

  • Carpet
  • Vinyl

Additional Features

  • Property is in average condition
  • Property is near shops
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 085-092-001

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $10,683
  • Gross Income $22,200
  • Net Operating Income $11,517

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Income Expenses Annual Income: 22200.0
  • Capitalization Rate: 4.1
  • Gross Rent Multiplier: 12.56
  • Annual Expenses: 10683.0
  • Monthly Expense: 648.0
  • Monthly Income: 1850.0
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Average, Poor
  • Property Information Year Built2: 1950
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Proximity Near Shopping2: Yes
  • FlrWdw Coverings Carpet: Yes
  • Condition Poor: Yes
  • Amenities Gas Stove2: Yes
  • Condition Average2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • IncomeExpenses NOI2: 11517
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Other

Association/Amenities

  • Fireplace: Yes

Schools

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

Lot Info

  • Parcel #: 085-092-001
  • Zoning: Other

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 22200.0
  • Annual Operating Expense: 10683.0
  • Total Actual Rent: 1850.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2014
Closed on
Jun 27, 2014
Sold by
Bought by
Seller's Agent
William Stonecipher
Goodwin & Thyne Properties
Buyer's Agent
Todd Ranney
Re/Max Mission Realty
List Price
$200,000
Sold Price
$230,000
Premium/Discount to List
$30,000
15%
Current Estimated Value
$554,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$324,255
Avg. Annual Appreciation
7.55%

Purchase Details

Closed on
May 13, 1998
Sold by
Bought by

Purchase Details

Closed on
Oct 14, 1997
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$230,000 First American Title Company
-- --
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/03/2014 07/03/14 Sold $230,000 0.0% --
07/03/2014 07/03/14 Sold $230,000 +15.0% $144 / Sq Ft View Prior Sale
06/16/2014 06/16/14 Pending -- -- --
06/16/2014 06/16/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $200,000 -28.3% --
10/23/2013 10/23/13 For Sale $279,000 -- $174 / Sq Ft
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $3,211 $281,940 $91,935 $190,005
2025 $3,038 $276,413 $90,133 $186,280
2023 $3,038 $265,682 $86,634 $179,048
2022 $2,985 $260,474 $84,936 $175,538
2021 $3,018 $255,368 $83,271 $172,097
2020 $2,986 $252,751 $82,418 $170,333
2019 $2,936 $247,796 $80,802 $166,994
2018 $2,891 $242,938 $79,218 $163,720
2017 $2,838 $238,175 $77,665 $160,510
2016 $2,787 $233,506 $76,143 $157,363
2015 $2,766 $230,000 $75,000 $155,000
2014 $1,397 $113,596 $27,697 $85,899
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-1754

Santa Barbara Multiple Listing Service

APN: 085-092-001

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