NOT LISTED FOR SALE

Estimated Value: $599,000 - $965,000

2 Beds
1 Bath
768 Sq Ft
$1,020/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2024

Last sale price $625,000 $814 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,902 / mo

13 Days on Market

Highlights

  • Midcentury Modern Architecture
  • View of Hills
  • No HOA
  • Lincoln High School Rated A-
  • Deck
  • Balcony

About This Home

As of September 2024

ATTENTION INVESTORS, CONTRACTORS, AND HILLSIDE SPECIALISTS!! VIEWS, VIEWS, VIEWS!!

Great opportunity to purchase this Mid-Century fixer-upper home, tucked away in the quiet hillside streets of the highly desired Montecito Heights. This home requires immediate structural repairs and bracing, as the foundation has collapsed and/or deteriorated to the extent that the property is uninhabitable.

Bring your contractors, engineers, and checkbook, as this property will not last for the right investor or builder who understands hillside construction. With the proper vision and team, this property can be restored to its original Mid-Century glory, enhanced with modern upgrades and amenities.

This home was built in 1961 and consists of 768 square feet of living area, with 2 bedrooms and 1 bath on a generous 7,481 square feet lot. It features ceiling-to-floor windows/ sliding doors in the bedroom and living room, providing direct access to a large patio deck with views of the picturesque Montecito Heights hillsides.

This property will not last.

CASH OFFERS ONLY.

Last Agent to Sell the Property

Vincent Medina

Lotus Property Services, Inc. Brokerage Email: vincent@lotuspropertyservices.net License #01711465 Listed on: 07/09/2024

Last Buyer's Agent

Vincent Medina

Lotus Property Services, Inc. Brokerage Email: vincent@lotuspropertyservices.net License #01711465 Listed on: 07/09/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1962

Lot Details

  • 7,481 Sq Ft Lot
  • Steep Slope
  • Property is zoned LAR1

Home Design

  • Midcentury Modern Architecture
  • Entry on the 1st floor
  • Major Repairs Completed
  • Fixer Upper
  • Flat Roof Shape

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Carpet
  • Views of Hills

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Paved Parking
  • Parking Lot

Outdoor Features

  • Balcony
  • Deck
  • Patio

Community Details

  • No Home Owners Association
  • Mountainous Community

Listing and Financial Details

  • Tax Lot 1357
  • Tax Tract Number 23
  • Assessor Parcel Number 5304014030
  • $181 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1962

Lot Details

7,481 Sq Ft Lot

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • View: Yes
  • Zoning: LAR1
  • Architectural Style: Mid Century Modern
  • Property Condition: Fixer, Repairs Major
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 5304014030
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 768.00 Square Feet
  • Interior Amenities: Balcony
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 1
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 813.80
  • Room Type: Kitchen, Living Room
  • Bathroom Features: Bathtub

Exterior Features

  • Patio: Yes
  • View: Hills
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Roof: Flat
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, Parking Space
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Laundry: No
  • Appliances: Dishwasher, Electric Range, Microwave
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Steep Slope
  • Lot Size Sq Ft: 7481.00
  • Lot Size Acres: 0.1717

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7481.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 1993.00
  • Tax Lot: 1357
  • Tax Tract Number: 23
  • TaxOtherAnnualAssessmentAmount: 181.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 9, 2024
Closed on
Aug 9, 2024
Sold by
Bought by
Seller's Agent
Vincent Medina
Lotus Property Services, Inc.
Buyer's Agent
Vincent Medina
Lotus Property Services, Inc.
List Price
$550,000
Sold Price
$625,000
Premium/Discount to List
$75,000
13.64%
Views
88
Current Estimated Value
$783,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,244
Avg. Annual Appreciation
12.76%
Original Mortgage
$749,600
Interest Rate
0.0678%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 28, 2024
Sold by
Bought by

Purchase Details

Closed on
Nov 23, 2020
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$625,000 Ticor Title
-- None Listed On Document
-- None Listed On Document
-- None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $595,000
Closed $749,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/06/2024 09/06/24 Sold $625,000 +13.6% $814 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/09/2024 07/09/24 For Sale $550,000 -- $716 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,605 $625,000 $533,800 $91,200
2024 $6,204 $502,036 $385,838 $116,198
2023 $6,175 $499,776 $378,262 $121,514
2022 $3,790 $310,097 $236,718 $73,379
2021 $3,743 $304,018 $232,077 $71,941
2020 $3,779 $300,902 $229,698 $71,204
2019 $3,632 $295,003 $225,195 $69,808
2018 $3,601 $289,220 $220,780 $68,440
2016 $3,440 $277,991 $212,207 $65,784
2015 $3,390 $273,816 $209,020 $64,796
2014 $3,410 $268,453 $204,926 $63,527
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: AR24140148

California Regional Multiple Listing Service (CRMLS)

APN: 5304-014-030

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