2566 Railway Ave Los Olivos, CA 93441
Los Olivos NeighborhoodEstimated Value: $1,616,000 - $2,274,000
4
Beds
3
Baths
2,074
Sq Ft
$917/Sq Ft
Est. Value
Highlights
- Mountain View
- Ranch Style House
- Lawn
- Los Olivos Elementary School Rated A
- Wood Flooring
- Home Office
About This Home
As of July 2021Great potential and a rare find in Los Olivos with views of the Coastal Mountain Range. Located close to downtown Los Olivos on a 0.61 acres at the end of Railway Ave, you will find this 3 bed 2 bath main home with a separate guest one bedroom suite with bathroom, office, and storage room. With an addition and remodeling made in 1962, and upgrades in the the 1980's and 1990's, you will find this home built with classic quality of old and updated. The large covered porch gives you shade and views as you enjoy the fresh air. You will find a living room with a wood burning fireplace, picture window of the view, and access to the patio. The kitchen/family room offers tile counter tops, wood floors, views, storage, and easy access throughout the home. With a two car garage, large yard, storage shed, an old water well, and fenced for animals or pets, you will find this property to be priced right for improvements and lots of upside in value for the lucky new owner. Sold As-Is.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $14,450
Year Built
- Built in 1924
Lot Details
- 0.61 Acre Lot
- Dog Run
- Partially Fenced Property
- Lot Sloped Down
- Lawn
- Property is in average condition
Parking
- 2 Car Garage
Home Design
- Ranch Style House
- Composition Roof
- Stucco
Interior Spaces
- 2,074 Sq Ft Home
- Ceiling Fan
- Family Room
- Living Room with Fireplace
- Dining Area
- Home Office
- Mountain Views
- Home Security System
Kitchen
- Breakfast Bar
- Built-In Oven
- Built-In Range
- Stove
Flooring
- Wood
- Carpet
- Linoleum
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry Room
- 220 Volts In Laundry
Outdoor Features
- Covered patio or porch
- Shed
Location
- Property is near schools
- Property is near shops
Utilities
- Cooling Available
- Forced Air Heating System
- Septic System
Listing and Financial Details
- Assessor Parcel Number 135-104-002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2021
Closed on
Jul 8, 2021
Sold by
Gatton Sandra and Warren And Bonita Gatton Trust
Bought by
Drammer Matthew and Drammer Leanna M
Seller's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
Buyer's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
List Price
$1,300,000
Sold Price
$1,280,000
Premium/Discount to List
-$20,000
-1.54%
Total Days on Market
8
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
$622,135
Avg. Annual Appreciation
11.21%
Original Mortgage
$1,151,000
Outstanding Balance
$1,063,107
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$851,708
Purchase Details
Listed on
Jun 4, 2021
Closed on
Jul 1, 2021
Sold by
Gatton Bonita W
Bought by
Warren And Bonita Gatton Trust
Seller's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
Buyer's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
List Price
$1,300,000
Sold Price
$1,280,000
Premium/Discount to List
-$20,000
-1.54%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,151,000
Outstanding Balance
$1,063,107
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$851,708
Create a Home Valuation Report for This Property
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Similar Homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Drammer Matthew | $1,280,000 | Chicago Title Company | |
| Warren And Bonita Gatton Trust | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Drammer Matthew | $231,500 | |
| Open | Drammer Matthew | $1,151,000 | |
| Previous Owner | Gatton Warren E | $150,000 | |
| Previous Owner | Gatton Warren E | $50,000 | |
| Previous Owner | Gatton Warren E | $25,000 | |
| Previous Owner | Gatton Warren E | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/23/2021 07/23/21 | Sold | $1,280,000 | -1.5% | $617 / Sq Ft |
| 06/11/2021 06/11/21 | Pending | -- | -- | -- |
| 06/03/2021 06/03/21 | For Sale | $1,300,000 | -- | $627 / Sq Ft |
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 |
|---|---|---|---|---|
| 2023 | $14,450 | $1,305,600 | $612,000 | $693,600 |
| 2022 | $14,028 | $1,280,000 | $600,000 | $680,000 |
| 2021 | $721 | $72,420 | $19,222 | $53,198 |
| 2020 | $711 | $71,678 | $19,025 | $52,653 |
| 2019 | $695 | $70,273 | $18,652 | $51,621 |
| 2018 | $682 | $68,896 | $18,287 | $50,609 |
| 2017 | $670 | $67,546 | $17,929 | $49,617 |
| 2016 | $650 | $66,223 | $17,578 | $48,645 |
| 2014 | $616 | $63,952 | $16,975 | $46,977 |
Source: Public Records
Agents Affiliated with this Home
-
Allan S. Jones
Seller's Agent in 2021
Allan S. Jones
Santa Ynez Valley Real Estate
(805) 688-5717
5 in this area
142 Total Sales
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 21-2015
APN: 135-104-002
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