NOT LISTED FOR SALE

2522 Orella St Santa Barbara, CA 93105

Oak Park Neighborhood

Estimated Value: $1,789,849 - $2,111,000

4 Beds
2 Baths
1,700 Sq Ft
$1,159/Sq Ft Est. Value

Last Sold May 03, 2012

Last sale price $725,000 $426 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $11,505/month

1 Day on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Property is in excellent condition
  • Santa Barbara Senior High School Rated A-
  • 3 Car Garage
  • Fenced

About This Home

As of May 2012

Remodeled classic downtown cottage and 2 story newer constructed unit over 3 car garage. Both units are 2 bedroom, 1 bath. Immaculate and well maintained property with private backyard and mountain views too. ''Short Sale conditions apply'' Call listing agent for details.

Last Agent to Sell the Property

Jeanne Palumbo

Sotheby's International Realty Listed on: 02/17/2012

Co-Listed By

Carol Mineau

Sotheby's International Realty License #00889225

Last Buyer's Agent

Non Member Agent

Non Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,484

Year Built

  • Built in 1926

Lot Details

  • 6,098 Sq Ft Lot
  • Fenced
  • Property is in excellent condition

Home Design

  • Raised Foundation

Interior Spaces

  • 2-Story Property
  • Carpet
  • Washer

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Parking

  • 3 Car Garage
  • Uncovered Parking

Location

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

Additional Features

  • Property is near an ocean
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection
  • Assessor Parcel Number 025-022-020

Community Details

Overview

  • 2 Units

Building Details

  • New Taxes Expense $13
  • Gross Income $56,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,484

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Income Expenses Annual Income: 56400.0
  • Monthly Income: 4700.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 3.0
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: sir06
  • Co List Office Phone: 805-963-1391
  • Subdivision Name: Other
  • Reso Flooring: Carpet
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1926
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Washer2: Yes
  • Foundation Raised2: Yes
  • Assessor's Data Assessor Year Built: 1926.0
  • Assessor's Data Assessor Lot Acres: 0.14
  • IncomeExpenses Taxes6: 13.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.14
  • Foundation Details: Mixed, Raised

Garage/Parking

  • Parking Features: Garages, Uncovered
  • Total Parking Spaces: 3.0

Schools

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

Lot Info

  • Parcel #: 025-022-020
  • Zoning: R-3
  • Lot Size Sq Ft: 6098.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Trash Collection

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 56400.0
  • Total Actual Rent: 4700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 17, 2012
Closed on
Apr 23, 2012
Sold by
Phillips Paul S and Hawkins Judy L
Bought by
Chevitarese Marcus and Chevitarese Anne
Seller's Agent
Jeanne Palumbo
Sotheby's International Realty
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$725,000
Sold Price
$725,000
Current Estimated Value
$1,970,212

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,245,212
Avg. Annual Appreciation
7.79%
Original Mortgage
$500,000
Outstanding Balance
$348,852
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$1,621,360

Purchase Details

Closed on
Oct 12, 2004
Sold by
Meador David B and Kroell Louanne
Bought by
Phillips Paul S and Hawkins Judy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2002
Sold by
Pananides Dean N
Bought by
Meador David B and Kroell Louanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$593,100
Interest Rate
5.85%

Purchase Details

Closed on
Sep 6, 1995
Sold by
Pananides Dean N
Bought by
Pananides Dean N
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
Chevitarese Marcus $725,000 Chicago Title Company
Phillips Paul S $1,315,000 First American Title Company
Meador David B $912,500 First American Title Co
Pananides Dean N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chevitarese Marcus $500,000
Previous Owner Phillips Paul S $1,000,000
Previous Owner Phillips Paul S $70,000
Previous Owner Phillips Paul S $1,000,000
Previous Owner Meador David B $593,100
Closed Phillips Paul S $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2012 05/03/12 Sold $725,000 0.0% $426 / Sq Ft
02/18/2012 02/18/12 Pending -- -- --
02/17/2012 02/17/12 For Sale $725,000 -- $426 / 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 $9,484 $910,629 $596,621 $314,008
2023 $9,484 $875,269 $573,454 $301,815
2022 $9,151 $858,108 $562,210 $295,898
2021 $8,940 $841,284 $551,187 $290,097
2020 $8,848 $832,659 $545,536 $287,123
2019 $8,694 $816,334 $534,840 $281,494
2018 $8,571 $800,328 $524,353 $275,975
2017 $8,288 $784,636 $514,072 $270,564
2016 $8,137 $769,252 $503,993 $265,259
2015 $8,049 $757,698 $496,423 $261,275
2014 -- $742,856 $486,699 $256,157
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jeanne Palumbo

    Sotheby's International Realty

  • C

    Seller Co-Listing Agent in 2012

    Carol Mineau

    Sotheby's International Realty

  • N

    Buyer's Agent in 2012

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-557

Santa Barbara Multiple Listing Service

APN: 025-022-020

California Santa Barbara County Santa Barbara 93105 Oak Park

2522 Orella St, Santa Barbara, CA

This home is located at 2522 Orella St, Santa Barbara, CA 93105 since 17 February 2012 and is currently estimated at $1,970,212, approximately $1,158 per square foot. This property was built in 1926. 2522 Orella St is a home located in Santa Barbara County with nearby schools including Santa Barbara Junior High School, Santa Barbara Senior High School, and Peabody Charter School.

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