NOT LISTED FOR SALE

2382 Banner Ave Unit 2 Summerland, CA 93067

Estimated Value: $1,305,000 - $1,857,000

3 Beds
2 Baths
1,546 Sq Ft
$500/mo HOA Fee

Last Sold February 25, 2019

Last sale price $799,000 $517 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $9,463/month

66 Days on Market

Highlights

  • Ocean View
  • Deck
  • Forced Air Heating System
  • Property is near an ocean
  • Property is near a park
  • Garage

About This Home

As of February 2019

Enjoy spectacular ocean and island views from this beautiful 3 bedroom 2 bath condo located in the heart of Summerland. Tri-level home with a great open flow living level, entertainers kitchen, fireplace and ocean view deck. Mid level bedroom and bath with garden access. Top level master suite with its own private view deck. Walking distance to beach and top notch antique shopping, wine tasting and dining.

Last Agent to Sell the Property

Dena Chachakos

Keller Williams Realty Santa Barbara License #01857343 Listed on: 11/21/2018

Last Buyer's Agent

Ali Evans

Berkshire Hathaway HomeServices California Properties License #01846603

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $10,449

Year Built

  • Built in 1988

Lot Details

  • 871

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • Garage

Home Design

  • Slab Foundation
  • Composition Roof
  • Wood Shingle Exterior

Interior Spaces

  • 1,546 Sq Ft Home
  • Living Room with Fireplace
  • Dining Area
  • Carpet
  • Ocean Views
  • Laundry in Garage

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Property is near an ocean
  • Deck

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
  • City Lot

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Additional Features

  • Property is in excellent condition
  • Forced Air Heating System

Community Details

  • 2 Buildings
  • 2 Units
  • Banner Condo Community
  • 05 Summerland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 005-590-002

Property Details

Home Type

Condominium

Est. Annual Taxes

$10,449

Year Built

Built in 1988

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Association Fee: 500.00
  • Directions: Take Lillie Avenue to Valencia Road, then left on Banner Ave.
  • Prop. Type: Residential
  • Year Built: 1988
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Garage
  • ResoLotFeatures: Level, Near Public Transit
  • Subdivision Name: 05 - Summerland
  • Reso Flooring: Carpet
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1988
  • Property Information Total #Units: 2
  • Property Information Apx # Acres: 0.02
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Roof:Composition: Yes
  • Foundation:Slab: Yes
  • ParkingGarage Gar #22: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Dining Dining Area2: Yes
  • Fireplace(s) LR: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Location Info Development Name: Banner Condo
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • Laundry In Garage2: Yes
  • CondoCO-OPPUD Attached7: Yes
  • Exterior Wood Shingles: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: LR

Exterior Features

  • Roof: Composition
  • View: Ocean
  • Construction Type: Wood Shingles
  • Acres: 0.02
  • Topography: Level
  • Exterior Features: Deck
  • Foundation Details: Slab

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #2

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-590-002
  • Zoning: R-2
  • Lot Size Sq Ft: 871.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2018
Closed on
Feb 21, 2019
Sold by
Niehaus Joseph
Bought by
Plumb Erica M
Seller's Agent
Dena Chachakos
Keller Williams Realty Santa Barbara
Buyer's Agent
Ali Evans
Berkshire Hathaway HomeServices California Properties
List Price
$895,000
Sold Price
$799,000
Premium/Discount to List
-$96,000
-10.73%
Current Estimated Value
$1,546,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$747,093
Avg. Annual Appreciation
10.40%
Original Mortgage
$479,400
Outstanding Balance
$420,619
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,125,474

Purchase Details

Listed on
Nov 21, 2018
Closed on
Feb 8, 2019
Sold by
Cover Rebecca D
Bought by
Pape Nancy M and Plumb Erica
Seller's Agent
Dena Chachakos
Keller Williams Realty Santa Barbara
Buyer's Agent
Ali Evans
Berkshire Hathaway HomeServices California Properties
List Price
$895,000
Sold Price
$799,000
Premium/Discount to List
-$96,000
-10.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,400
Outstanding Balance
$420,619
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$1,125,474

Purchase Details

Closed on
Jan 4, 2012
Sold by
Cover Rebecca D
Bought by
Covert Rebeca D

Purchase Details

Closed on
Nov 10, 2011
Sold by
Cover Jack Wesley and Cover Rebecca D
Bought by
Cover Rebecca D

Purchase Details

Closed on
May 27, 2005
Sold by
Cover Jack W and Cover Rebecca D
Bought by
Cover Ii Jack Wesley and Cover Rebecca D

Purchase Details

Closed on
May 13, 2002
Sold by
Cover Rebecca Denno
Bought by
Cover Ii Jack W and Cover Rebecca D

Purchase Details

Closed on
Jan 8, 2001
Sold by
Cover Jack Wesley
Bought by
Cover Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,000
Interest Rate
7.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 16, 1998
Sold by
Denno Torre Rebecca and Denno Rebecca Denno
Bought by
Cover Rebecca Denno

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
7.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 1995
Sold by
Torre Christopher Nolan and Torre Rebecca Denno
Bought by
Torre Rebecca Denno
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
Plumb Erica M -- Wfg National Title
Pape Nancy M $799,000 Wfg National Title Ins Co
Covert Rebeca D -- None Available
Cover Rebecca D -- None Available
Cover Ii Jack Wesley -- First American Title Company
Cover Ii Jack W -- --
Cover Rebecca -- American Title Co
Cover Rebecca Denno -- Fidelity National Title Co
Torre Rebecca Denno -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pape Nancy M $479,400
Previous Owner Cover Rebecca $330,000
Previous Owner Cover Rebecca Denno $235,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2019 02/25/19 Sold $799,000 -10.7% $517 / Sq Ft
01/26/2019 01/26/19 Pending -- -- --
11/21/2018 11/21/18 For Sale $895,000 -- $579 / 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
2025 $10,449 $891,294 $445,647 $445,647
2023 $10,449 $856,686 $428,343 $428,343
2022 $10,138 $839,890 $419,945 $419,945
2021 $9,908 $823,422 $411,711 $411,711
2020 $9,781 $814,980 $407,490 $407,490
2019 $6,891 $544,236 $247,379 $296,857
2018 $6,762 $533,566 $242,529 $291,037
2017 $6,628 $523,105 $237,774 $285,331
2016 $6,501 $512,849 $233,112 $279,737
2014 $6,060 $495,253 $225,114 $270,139
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dena Chachakos

    Keller Williams Realty Santa Barbara

  • Ali Evans

    Buyer's Agent in 2019

    Ali Evans

    Berkshire Hathaway HomeServices California Properties

    (805) 980-8007

    1 in this area

    94 Total Sales

    Ali Evans
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-4131

Santa Barbara Multiple Listing Service

APN: 005-590-002

California Santa Barbara County Summerland 93067

2382 Banner Ave Unit 2, Summerland, CA

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