NOT LISTED FOR SALE

2550 Whitney Ave Summerland, CA 93067

Estimated Value: $2,382,000 - $3,617,000

2 Beds
2 Baths
2,016 Sq Ft
$1,448/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $1,050,000 $521 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $16,883/month

20 Days on Market

Highlights

  • Ocean View
  • Property is near an ocean
  • Ranch Style House
  • RV Access or Parking
  • Wooded Lot
  • Cathedral Ceiling

About This Home

As of December 2018

This is a rare opportunity to own choice property at the top of Summerland's Whitney Ave. Situated amongst multi-million dollar properties, this Custom build home circa 1965 was occupied by family owners until vacated. The property is in original condition and needing attention to updating construction and repairs. A large Living Room with walls of glass and vaulted ceiling, open style kitchen overlooking a family room, and the home's general floor plan fits easily into today's popular Open Design concept. This is a ''fixer'' being sold at lot value and awaiting the new owner's remodeling specifications. The property enjoys panoramic ocean, island, harbor and mountain views. One of the best locations in Summerland! Property is a fixer, sold in as-is condition. Seller will not participate in any credits or repairs. It is unlikely that a lender will lend to this property. Seller prefers a cash transaction.

Last Agent to Sell the Property

Joan Wagner

Coldwell Banker Realty Listed on: 10/19/2018

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,248

Year Built

  • Built in 1965

Lot Details

  • 10,454 Sq Ft Lot
  • Wooded Lot
  • Property is in below average condition

Property Views

  • Ocean
  • Harbor
  • Panoramic
  • Mountain

Home Design

  • Ranch Style House
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • Cathedral Ceiling
  • Family Room
  • Living Room with Fireplace
  • Formal Dining Room
  • Gas Dryer Hookup
  • Basement

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Attached Garage
  • RV Access or Parking

Outdoor Features

  • Property is near an ocean
  • Patio

Schools

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

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 005-160-052

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,248

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Directions: East end of Whitney Ave.
  • Prop. Type: Residential
  • Year Built: 1965
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Gas Hookup, Other
  • Architectural Style: Ranch
  • Reso Flooring: Wood, Vinyl
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Poor
  • Property Information Year Built2: 1965
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.24
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • View Panoramic2: Yes
  • Property Information Within City Limits: No
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Rooms Family Room4: Yes
  • Fireplace(s) LR: Yes
  • ParkingGarage Gar #33: Yes
  • Dining Formal2: Yes
  • Property Information Apx Lot SqFt: 10454.0
  • GroundsLandscaping Wooded4: Yes
  • ViewOcean: Yes
  • Laundry Gas Hookup2: Yes
  • FlrWdw Coverings Wood2: Yes
  • Pets Yes: Yes
  • Foundation Raised: Yes
  • View Harbor2: Yes
  • Condition Poor: Yes
  • ParkingGarage RV: Yes
  • FlrWdw Coverings VinylLinoleum2: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: LR
  • Bedrooms Basement: Yes

Exterior Features

  • Roof: Composition
  • View: Mountain(s), Ocean, Setting, Harbor, Panoramic
  • Acres: 0.24
  • Exterior Features: Patio Open, Wooded
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Gar #3, RV, Attached

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Mont Wtr
  • Heating:Forced Air: Yes

Association/Amenities

  • Unit 1 Amenities:Cathedral Ceiling(s)2: Yes

Schools

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

Lot Info

  • Parcel #: 005-160-052
  • Zoning: R-1
  • Lot Size Sq Ft: 10454.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Mainz Morgan J and Mainz Alma Malia
Bought by
Mainz Morgan J and Mainz Alma Malia
Current Estimated Value
$2,918,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Outstanding Balance
$550,999
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$2,367,527

Purchase Details

Listed on
Oct 19, 2018
Closed on
Dec 14, 2018
Sold by
Morgan Ken and Morgan Kenneth Robert
Bought by
Mainz Morgan and Kuahiwinui Mainz Alma
Seller's Agent
Joan Wagner
Coldwell Banker Realty
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.43%

Purchase Details

Closed on
Oct 22, 1999
Sold by
Bank Of America Nt & Sa
Bought by
Morgan Ken
Source: Public Records

Range of Values:

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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
Mainz Morgan J -- None Available
Mainz Morgan $1,050,000 First American Title Co
Morgan Ken -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mainz Morgan $620,000
Closed Mainz Morgan $625,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2018 12/21/18 Sold $1,050,000 -4.5% $521 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
10/19/2018 10/19/18 For Sale $1,100,000 -- $546 / 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 $13,248 $1,171,290 $1,003,965 $167,325
2023 $13,248 $1,125,810 $964,981 $160,829
2022 $12,837 $1,103,736 $946,060 $157,676
2021 $12,549 $1,082,095 $927,510 $154,585
2020 $12,396 $1,071,000 $918,000 $153,000
2019 $12,135 $1,050,000 $900,000 $150,000
2018 $2,278 $115,786 $31,825 $83,961
2017 $2,219 $113,516 $31,201 $82,315
2016 $2,168 $111,291 $30,590 $80,701
2014 $2,029 $107,473 $29,541 $77,932
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joan Wagner

    Coldwell Banker Realty

  • C

    Buyer's Agent in 2018

    Calcagno & Hamilton

    Sotheby's International Realty

  • M

    Buyer's Agent in 2018

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    3 in this area

    289 Total Sales

    Michael Calcagno
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-3803

Santa Barbara Multiple Listing Service

APN: 005-160-052

California Santa Barbara County Summerland 93067

2550 Whitney Ave, Summerland, CA

This home is located at 2550 Whitney Ave, Summerland, CA 93067 since 19 October 2018 and is currently estimated at $2,918,526, approximately $1,447 per square foot. This property was built in 1965. 2550 Whitney Ave is a home located in Santa Barbara County with nearby schools including Carpinteria Senior High School, Our Lady of Mount Carmel School, and Crane Country Day School.

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