NOT LISTED FOR SALE

Estimated Value: $1,687,000 - $2,931,000

2 Beds
2 Baths
1,401 Sq Ft
$1,656/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $725,000 $517 Per Sq Ft

Est. 220% increase in value since last sale

Current estimated payment $13,934/month

12 Days on Market

Highlights

  • Property is near an ocean
  • Wooded Lot
  • Cottage
  • Mountain View
  • Wood Flooring
  • 2 Car Direct Access Garage

About This Home

As of January 2019

Priced below land value! Unique opportunity to purchase the lowest priced home in the coveted Serena Park neighborhood, with surrounding home values into the high $2m's. This quaint 1400+ SF, 2-Bed | 2-Bath home (+ detached structure) sits on an oversized .55 ace lot, offering the perfect opportunity to expand it into a much larger estate or add equestrian facilities. Property enjoys both mountain & ocean views (with a 2nd story addition). Nestled between the Carpinteria foothills and Padaro Beach, this peaceful street is just a stone's throw from both Carpinteria and Summerland's downtown, this amazing location offers a taste of the peaceful rural life without compromising access to World Class shopping, dining, and beaches. Property aggressively priced for multiple offers!

Last Agent to Sell the Property

Zia Group

Keller Williams Realty Santa Barbara License #01710544 Listed on: 12/11/2018

Last Buyer's Agent

Ryan Strehlow

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,827

Year Built

  • Built in 1928

Lot Details

  • 0.55 Acre Lot
  • Back Yard Fenced
  • Level Lot
  • Wooded Lot
  • Property is in below average condition

Parking

  • 2 Car Direct Access Garage
  • Uncovered Parking

Home Design

  • Cottage
  • Shake Roof
  • Stucco

Interior Spaces

  • 1,401 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views
  • Gas Range
  • Laundry Room

Flooring

  • Wood
  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Location

  • Property is near schools
  • Property is near shops

Schools

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

Additional Features

  • Property is near an ocean
  • Heating System Mounted To A Wall or Window

Community Details

  • Serena Park Community

Listing and Financial Details

  • Assessor Parcel Number 005-352-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,827

Year Built

Built in 1928

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 1928
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Level
  • Architectural Style: Cal Cottage
  • Reso Flooring: Wood, Parquet, Tile
  • Garage Yn: Yes
  • Unit Levels: Single Story
  • New Construction: No
  • Reso Property Condition: Poor
  • Property Information Year Built2: 1928
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.55
  • NeighborhoodSchools Elementary School: Canalino
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • View Mountain(s)2: Yes
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Gar #22: Yes
  • ParkingGarage Interior Access: Yes
  • ParkingGarage Unc #4: Yes
  • View Setting2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near School(s)2: Yes
  • Rooms Ground Floor Bedroom2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Appliances Included Gas Range2: Yes
  • Fireplace(s) LR: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 23958.0
  • GroundsLandscaping Wooded4: Yes
  • Location Info Development Name: Serena Park
  • GroundsLandscaping Fenced BCK: Yes
  • FlrWdw Coverings Wood2: Yes
  • FlrWdw Coverings Parquet2: Yes
  • Condition Poor: Yes
  • Roof Shake: Yes
  • Heating Wall: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Gas Range
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: LR

Exterior Features

  • Roof: Shake
  • View: Mountain(s), Setting
  • Construction Type: Stucco
  • Acres: 0.55
  • Topography: Level
  • Exterior Features: Wooded, Fenced: BCK
  • Foundation Details: Mixed

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Gar #2, Unc #4, Interior Access

Utilities

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

Schools

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

Lot Info

  • Parcel #: 005-352-002
  • Zoning: Other
  • Lot Size Sq Ft: 23958.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2019
Sold by
Modisette Khasy Maier
Bought by
Modisette Nathan
Current Estimated Value
$2,319,658

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 11, 2018
Closed on
Jan 29, 2019
Sold by
Swing Rosana and Estate Of William H Swing
Bought by
Skolnick Howard E
Seller's Agent
Zia Group
Keller Williams Realty Santa Barbara
Buyer's Agent
Ryan Strehlow
Coldwell Banker Realty
List Price
$650,000
Sold Price
$725,000
Premium/Discount to List
$75,000
11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.37%
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
Modisette Nathan -- Fidelity National Title Co
Modisette Nathan $950,000 Fidelity National Title Co
Skolnick Howard E $725,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modisette Nathan $700,000
Closed Modisette Nathan $550,000
Previous Owner Swing William H $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2019 01/31/19 Sold $725,000 +11.5% $517 / Sq Ft
12/22/2018 12/22/18 Pending -- -- --
12/10/2018 12/10/18 For Sale $650,000 -- $464 / 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 $15,827 $1,925,533 $929,598 $995,935
2023 $15,827 $1,378,012 $903,501 $474,511
2022 $11,929 $1,044,287 $885,982 $158,305
2021 $11,001 $959,842 $858,806 $101,036
2020 $10,871 $950,000 $850,000 $100,000
2019 $1,481 $76,742 $44,280 $32,462
2018 $1,442 $75,238 $43,412 $31,826
2017 $1,401 $73,763 $42,561 $31,202
2016 $1,376 $72,318 $41,727 $30,591
2014 $1,297 $69,838 $40,296 $29,542
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-4271

Santa Barbara Multiple Listing Service

APN: 005-352-002