J
Seller's Agent in 2023
Jonathan Gilkeson
eXp Realty of California, Inc.
(805) 335-4749
2 in this area
40 Total Sales
2487 Banner Ave Summerland, CA 93067
Estimated Value: $1,725,000 - $2,576,260
--
Bed
--
Bath
--
Sq Ft
6,098
Sq Ft Lot
Highlights
- Property is near an ocean
- Wood Flooring
- 1-Story Property
- Property is near a park
- 3 Car Detached Garage
About This Home
As of October 2023Enjoy one of the last remaining original duplexes overlooking the Pacific Ocean in the picturesque town of Summerland, California. This exceptional property offers boundless potential and flexibility, making it an ideal investment opportunity or a perfect place to call home. Situated in the coveted Coastal Zone, this duplex opens the door to a world of possibilities. This property provides an exceptional space that serves as a lucrative income-generating asset. With its unique layout, you have the option to live in one unit and rent out the other, providing a steady stream of rental income. Plus a detached 3 car garage opens up more possibilities.
The property's true potential lies in its adaptability. The spacious lot size may allow expansion presenting an incredible opportunity for development. Whether you envision expanding the existing duplex or creating an entirely new structure as an ADU, the choice is yours. (buyer to verify) With the Coastal Zone designation, you can explore legal short-term rentals, further maximizing your income potential.
Located in a prime location near Summerland's charming downtown area. Take a leisurely stroll to local boutiques, restaurants, and cafes, immersing yourself in the relaxed coastal lifestyle. The nearby beaches beckon you to indulge in water activities or simply unwind on the sandy shores.
The property's strategic location also grants easy access to the region's renowned attractions. Explore the nearby Santa Barbara Riviera, where you can revel in stunning views or indulge in world-class shopping along State Street. The vibrant cultural scene, art galleries, and award-winning wineries further enrich the experience of living in this captivating coastal region.
Whether you're seeking a profitable investment or a coastal haven to call your own, this property offers the flexibility and income-generating possibilities that dreams are made of. Embrace the coastal lifestyle, embrace the opportunity - this duplex awaits your vision.
Last Agent to Sell the Property
eXp Realty of California, Inc. License #01898328 Listed on: 07/24/2023
Co-Listed By
Zia Group
eXp Realty of California, Inc. License #01710544
Last Buyer's Agent
Non Member Agent
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $18,766
Lot Details
- 6,098 Sq Ft Lot
- Property is in good condition
Parking
- 3 Car Detached Garage
Home Design
- Raised Foundation
Interior Spaces
- 1-Story Property
- Fire and Smoke Detector
Flooring
- Wood
- Vinyl Plank
Location
- Property is near a park
- Property is near schools
- Property is near shops
Schools
- Summerland Elementary School
Additional Features
- Property is near an ocean
- Cooling System Mounted In Outer Wall Opening
Community Details
- 2 Units
- 05 Summerland Subdivision
Listing and Financial Details
- Assessor Parcel Number 005-193-009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 24, 2023
Closed on
Aug 21, 2023
Sold by
Phyllis Goff Trust
Bought by
Jon And Lorelei G Greenfield Trust and Greenfield
Seller's Agent
Jonathan Gilkeson
eXp Realty of California, Inc.
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,495,000
Sold Price
$1,550,000
Premium/Discount to List
$55,000
3.68%
Views
138
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,065
Avg. Annual Appreciation
16.07%
Original Mortgage
$930,000
Outstanding Balance
$910,398
Interest Rate
6.75%
Mortgage Type
New Conventional
Estimated Equity
$1,143,697
Purchase Details
Closed on
Jan 10, 2010
Sold by
Goff Phyllis H
Bought by
Goff Phyllis
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Jon And Lorelei G Greenfield Trust | $1,550,000 | First American Title | |
| Goff Phyllis | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Jon And Lorelei G Greenfield Trust | $930,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/04/2023 10/04/23 | Sold | $1,550,000 | 0.0% | -- |
| 10/04/2023 10/04/23 | Sold | $1,550,000 | +3.7% | -- |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
| 08/04/2023 08/04/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $1,495,000 | 0.0% | -- |
| 07/24/2023 07/24/23 | For Sale | $1,495,000 | -- | -- |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $18,766 | $1,233,300 | $1,020,000 | $213,300 |
| 2023 | $18,766 | $62,621 | $23,066 | $39,555 |
| 2022 | $3,189 | $61,394 | $22,614 | $38,780 |
| 2021 | $3,088 | $60,191 | $22,171 | $38,020 |
| 2020 | $3,001 | $59,575 | $21,944 | $37,631 |
| 2019 | $2,883 | $58,408 | $21,514 | $36,894 |
| 2018 | $2,796 | $57,264 | $21,093 | $36,171 |
| 2017 | $2,713 | $56,142 | $20,680 | $35,462 |
| 2016 | $2,642 | $55,042 | $20,275 | $34,767 |
| 2014 | $2,485 | $53,155 | $19,580 | $33,575 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan Gilkeson
-
Z
Seller Co-Listing Agent in 2023
Zia Group
eXp Realty of California, Inc.
-
N
Buyer's Agent in 2023
Non Member Agent
Non Member Office
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 23-2170
APN: 005-193-009
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This information is being provided for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that you may be interested in purchasing. Data relating to real estate for sale on this Website comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. All information is deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither the Santa Barbara Multiple Listing Service nor the listing broker(s) shall be responsible for any typographical errors, misinformation, or misprints.
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