NOT LISTED FOR SALE

2470 Banner Ave Summerland, CA 93067

Estimated Value: $1,598,742 - $1,870,000

2 Beds
1 Bath
-- Sq Ft
5,227 Sq Ft Lot

Last Sold December 31, 2015

Last sale price $900,000

Est. 92% increase in value since last sale

Current estimated payment $10,176/month

54 Days on Market

Highlights

  • Ocean View
  • Fruit Trees
  • Hilly Lot
  • Property is near an ocean
  • Deck
  • Property is near a park

About This Home

As of December 2015

Quintessential Summerland Hillside Cottage and Studio. This property enjoys obstructed, expansive, Pacific coastline, Ocean, Island views. The main cottage consists of two bedrooms and one bath with a large attached entertaining deck and level patio in back. The home has been updated over the years and features a cozy living room with gas fireplace, open dining area off of the kitchen, and custom additions such as built in shelves, bath, skylight, and saltillo tile floors. Both the front bedroom and living room open onto the view deck. The upper garden area has a private view patio. Independent access to the studio is possible from Shelby St. The lot if fully fenced and runs from Banner Ave to Shelby St, each side having a gated entrance. A versatile property offering much to enjoy in both indoor and outdoor living with pathways, garden areas, and gated walkways. It is perfect for a beach town home and/or a weekend getaway.

Last Agent to Sell the Property

Joan Wagner

Coldwell Banker Realty Listed on: 09/10/2015

Co-Listed By

Jim Witmer

Village Properties License #00425344

Last Buyer's Agent

Donna De Libro

Century 21 Masters

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,468

Year Built

  • Built in 1948

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced
  • Hilly Lot
  • Fruit Trees
  • Property is in good condition
  • Property is zoned R-2

Home Design

  • Cottage
  • Raised Foundation
  • Stone Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Skylights
  • Living Room with Fireplace
  • Dining Area
  • Tile Flooring
  • Ocean Views
  • Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

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

Schools

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

Utilities

  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 005-155-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,468

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1948
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: vip
  • Co List Office Phone: 805-969-8900
  • Architectural Style: Cal Cottage
  • Reso Flooring: Tile
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Other Structures: Other
  • Reso Property Condition: Good
  • Property Information Year Built2: 1948
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • LocationTopo Hilly2: Yes
  • Property Information Within City Limits: No
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Fruit Trees2: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Dining Dining Area2: Yes
  • Amenities Skylight2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • Appliances Included Electric Range2: Yes
  • Pets Yes: Yes
  • Foundation Raised: Yes
  • Heating Wall: Yes
  • Roof Rock: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Electric Range, Dishwasher, Dryer, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: LR
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Rock
  • View: Ocean
  • Construction Type: Wood Siding
  • Acres: 0.12
  • Topography: Hilly
  • Exterior Features: Deck, Patio Open, Fruit Trees, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Other

Utilities

  • Heating: Wall
  • HeatingYN: Yes
  • Water Source: Summ Wtr

Schools

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

Lot Info

  • Parcel #: 005-155-003
  • Zoning: R-2
  • Lot Size Sq Ft: 5227.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2015
Closed on
Dec 16, 2015
Sold by
Mcgee Winston E and Mcgee Susan K
Bought by
Burke Gregory W and Diem Laurie L
Seller's Agent
Joan Wagner
Coldwell Banker Realty
Buyer's Agent
Donna De Libro
Century 21 Masters
List Price
$950,000
Sold Price
$900,000
Premium/Discount to List
-$50,000
-5.26%
Current Estimated Value
$1,729,936

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$829,936
Avg. Annual Appreciation
6.87%
Original Mortgage
$625,500
Outstanding Balance
$495,815
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$1,234,121

Purchase Details

Closed on
Nov 22, 2013
Sold by
Mcgee Winston and Mcgee Susan
Bought by
Mcgee Winston E and Mcgee Susan K

Purchase Details

Closed on
May 10, 2012
Sold by
Tellefson Robert
Bought by
Mcgee Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Dyer Micah
Bought by
Mcgee Lindsay

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Hepler Barbara L and Wilson Barbara H
Bought by
Hepler Barbara L

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
4.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 1994
Sold by
Curry Ricki G and Curry Nancy
Bought by
Wilson Barbara H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
9.08%
Mortgage Type
Purchase Money Mortgage
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
Burke Gregory W $900,000 Wfg National Title Ins Co
Mcgee Winston E -- None Available
Mcgee Winston -- None Available
Mcgee Lindsay -- Ascendant Title
Mcgee Lindsay -- Ascendant Title
Mcgee Lindsay -- Chicago Title Company
Hepler Barbara L -- First American Title
Wilson Barbara H $285,000 Santa Barbara Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burke Gregory W $625,500
Previous Owner Mcgee Lindsay $417,000
Previous Owner Mcgee Lindsay $480,000
Previous Owner Hepler Barbara L $250,000
Previous Owner Wilson Barbara H $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2015 12/31/15 Sold $900,000 -5.3% --
11/03/2015 11/03/15 Pending -- -- --
09/10/2015 09/10/15 For Sale $950,000 -- --
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 $13,468 $1,065,412 $769,465 $295,947
2023 $13,468 $1,024,043 $739,587 $284,456
2022 $13,103 $1,003,965 $725,086 $278,879
2021 $12,795 $984,280 $710,869 $273,411
2020 $12,611 $974,188 $703,580 $270,608
2019 $12,309 $955,087 $689,785 $265,302
2018 $12,074 $936,360 $676,260 $260,100
2017 $11,831 $918,000 $663,000 $255,000
2016 $11,602 $900,000 $650,000 $250,000
2015 $9,089 $665,996 $461,074 $204,922
2014 $9,928 $652,951 $452,043 $200,908
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2015

    Joan Wagner

    Coldwell Banker Realty

  • J

    Seller Co-Listing Agent in 2015

    Jim Witmer

    Village Properties

    (805) 969-8900

    2 in this area

    3 Total Sales

    Jim Witmer
    Section Image

  • D

    Buyer's Agent in 2015

    Donna De Libro

    Century 21 Masters

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-3065

Santa Barbara Multiple Listing Service

APN: 005-155-003

California Santa Barbara County Summerland 93067

2470 Banner Ave, Summerland, CA

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