NOT LISTED FOR SALE

351 Palm Way Buellton, CA 93427

Estimated Value: $857,000 - $1,029,000

3 Beds
2 Baths
1,538 Sq Ft
$619/Sq Ft Est. Value

Last Sold December 28, 2023

Last sale price $845,000 $549 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,851/month

25 Days on Market

Highlights

  • Spa
  • Updated Kitchen
  • Deck
  • Santa Ynez Valley Union High School Rated A
  • Maid or Guest Quarters
  • Property is near a park

About This Home

As of December 2023

This charming ranch style single story home has been lovingly updated through and through! A 3 bedroom, 2 bath home with a bonus room currently being used as a large 4th bedroom that also includes a fireplace. With excellent curb appeal from the updated landscaping, freshly painted exterior and new garage door. As you enter the home, you are greeted with new flooring, updated interior paint and recessed lighting throughout. You will find the first two bedrooms at the front of the house and the 3rd bedroom in it's own guest quarters on the opposite side of the house, with it's own entrance, a private bathroom and kitchenette! It has even been used as a rental in the past, generating bonus income! Enjoy hosting with your updated kitchen, including a Viking Stainless Steel double oven and Viking gas range, custom cabinets and tile backsplash. The front bathroom has been fully updated with new tiled shower/tub, new vanity and new flooring. The backyard is ready for entertaining with a spacious lawn area, partially covered patio with misters, a raised deck with a custom built bar, updated landscaping with a new irrigation system, hot tub and even a chicken coup! Additional upgrades include: Newer furnace (2014), New water heater (2021), Upgraded Electrical Panel + Upgrade to 220 volts and new HVAC.

Not only is this home ideally located near the center of town, it is zoned RM-16 - Multifamily Use which allows for 16 dwellings per acre. This property could allow for a 2nd and potentially a 3rd unit to be added! (Check with the city to confirm usage potential).

Last Agent to Sell the Property

Allan S. Jones

Santa Ynez Valley Real Estate License #00984793 Listed on: 11/09/2023

Last Buyer's Agent

The Kevin & Lesley Hall Team

Village Properties - 1

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,164

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot
  • Cul-De-Sac
  • Back Yard Fenced
  • Irrigation
  • Lawn
  • Property is zoned R-4

Parking

  • 2 Car Attached Garage

Home Design

  • Raised Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,538 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Dining Area
  • Laminate Flooring
  • Fire and Smoke Detector

Kitchen

  • Updated Kitchen
  • Double Oven
  • Built-In Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Remodeled Bathroom
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Deck
  • Covered patio or porch

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop
  • City Lot

Utilities

  • Forced Air Heating System

Community Details

  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 099-271-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,164

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Year Built: 1954
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Cul-De-Sac, Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Flooring: Laminate
  • Unit Levels: Single Story
  • Property Information Year Built2: 1954
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior:Stucco: Yes
  • ParkingGarage Attached: Yes
  • GroundsLandscaping Patio Open2: Yes
  • GroundsLandscaping Lawn2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Dining Dining Area2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Washer3: Yes
  • Security Smoke Detector(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Amenities Guest Quarters2: Yes
  • Appliances Included Built-In Gas Range: Yes
  • Fireplace(s) Gas8: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Proximity Near Bus: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • GroundsLandscaping Hot Tub2: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • FlrWdw Coverings Laminate2: Yes
  • LocationTopo Cul-De-Sac2: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Foundation Raised: Yes
  • ParkingGarage:Total _pound_ Garage Spaces: 2.0
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Built-In Gas Range, Dishwasher, Disposal, Double Oven, Dryer, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Appliances Included:Double Oven2: Yes

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco
  • Acres: 0.17
  • Exterior Features: Deck, Patio Open, Patio Covered, Hot Tub, Lawn, Yard Irrigation PRT, Fenced: BCK
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached

Utilities

  • Heating: Forced Air
  • HeatingYN: Yes
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Parcel #: 099-271-004
  • Zoning: R-4
  • Lot Size Sq Ft: 7405.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2023
Closed on
Dec 22, 2023
Sold by
Yee Steven Henry and Yee Laura Helena
Bought by
Salazar-Green Revocable Living Trust and Salazar
Seller's Agent
Allan S. Jones
Santa Ynez Valley Real Estate
Buyer's Agent
The Kevin & Lesley Hall Team
Village Properties - 1
List Price
$875,000
Sold Price
$845,000
Premium/Discount to List
-$30,000
-3.43%
Total Days on Market
25
Views
85
Current Estimated Value
$929,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,225
Avg. Annual Appreciation
7.61%
Original Mortgage
$308,000
Outstanding Balance
$303,350
Interest Rate
7.44%
Mortgage Type
New Conventional
Estimated Equity
$648,239

Purchase Details

Closed on
Apr 22, 2016
Sold by
Yee Steven Henry and Hubbard Laura Helena
Bought by
Yee Steven Henry and Yee Laura Helena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$326,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 23, 2014
Closed on
Sep 19, 2014
Sold by
Fleck Larry R and Primack Ellen M
Bought by
Yee Steven Henry and Hubbard Laura Helena
Seller's Agent
Randy Stone
Ranch & Country RE
Buyer's Agent
Randy Stone
Ranch & Country RE
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.40%
Original Mortgage
$329,670
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 22, 2011
Sold by
Devito Fleck Dayna A and Fleck Dayna A
Bought by
Fleck Larry R

Purchase Details

Closed on
Jul 5, 2005
Sold by
Brown Vickey
Bought by
Fleck Larry R and Fleck Dayna A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
5.95%
Mortgage Type
Negative Amortization
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
Salazar-Green Revocable Living Trust $845,000 Chicago Title Company
Yee Steven Henry -- Wfg National Title Ins Co
Yee Steven Henry $360,000 Chicago Title Company
Fleck Larry R -- None Available
Fleck Larry R -- None Available
Fleck Larry R $515,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salazar-Green Revocable Living Trust $308,000
Previous Owner Yee Steven Henry $304,000
Previous Owner Yee Steven Henry $326,000
Previous Owner Yee Steven Henry $329,670
Previous Owner Fleck Larry R $386,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2023 12/28/23 Sold $845,000 -3.4% $549 / Sq Ft
12/04/2023 12/04/23 Pending -- -- --
11/09/2023 11/09/23 For Sale $875,000 +143.1% $569 / Sq Ft
10/17/2014 10/17/14 Sold $360,000 -- $234 / 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 $9,164 $871,900 $459,000 $412,900
2023 $9,164 $415,858 $207,929 $207,929
2022 $4,453 $407,704 $203,852 $203,852
2021 $4,379 $399,710 $199,855 $199,855
2020 $4,326 $395,612 $197,806 $197,806
2019 $4,251 $387,856 $193,928 $193,928
2018 $4,176 $380,252 $190,126 $190,126
2017 $4,104 $372,798 $186,399 $186,399
2016 $3,949 $365,490 $182,745 $182,745
2015 $3,899 $360,000 $180,000 $180,000
2014 $2,929 $270,000 $182,000 $88,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 23-3399

Santa Barbara Multiple Listing Service

APN: 099-271-004