NOT LISTED FOR SALE

376 1st St Solvang, CA 93463

Estimated Value: $573,895

0.17 Acre
$3,375,853 Price per Acre
7,405 Sq Ft Lot

Last Sold August 27, 2021

Last sale price $450,000

Est. 28% increase in value since last sale

Current estimated payment $3,433/month

9 Days on Market

Highlights

  • City View
  • Solvang Elementary School Rated A
  • Level Lot

About This Lot

As of August 2021

Check out the multiple zoning opportunities on this great downtown parcel!!! Only a few vacant commercially zoned parcels exist in this area, and they aren't making any more of them! Major price reduction, don't miss this chance to build your own business, from hotel or Bed & Breakfast, short term rentals, Spa or gym, to restaurant/bar, retail, mixed use with offices and residential, Plant Nursery or several other Light Commercial uses. Enjoy current monthly rental income while you develop and permit your vision. Large level lot with garage, electric service installed to garage. Zoned TRC, Tourist Related Commercial. Just one block off Copenhagen Drive and the center of Solvang.

Last Agent to Sell the Property

Laura Drammer

Berkshire Hathaway HomeServices California Properties License #01209580 Listed on: 05/19/2021

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Jeanne Hollingsworth

Jeanne Hollingsworth, Broker License #01170169

Last Buyer's Agent

Jeanne Hollingsworth

Fusion Real Estate Network, INC

Property Details

Property Type

  • Land

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Property Views

  • City Views

Utilities

  • Underground Utilities
  • Gas Available

Listing and Financial Details

  • Assessor Parcel Number 139-214-012

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Reso Property Sub Type: Commercial
  • ResoLotFeatures: Level
  • Co List Office Mls Id: holl
  • Co List Office Phone: 805-350-0808
  • Property Information Apx # Acres: 0.17
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • LocationTopo Level: Yes
  • Site Improvements Electric4: Yes
  • Site Improvements Underground Util: Yes
  • Utility Info Electric2: Yes
  • View City4: Yes
  • Site Improvements Gas7: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City
  • Acres: 0.17
  • Topography: Level

Utilities

  • Utilities: Underground Utilities
  • Water Source: Other

Schools

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

Lot Info

  • Parcel #: 139-214-012
  • Zoning: Other
  • Lot Size Sq Ft: 7405.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2021
Closed on
Aug 25, 2021
Sold by
Birnberg Jerry and Birnberg Diana Paul
Bought by
Horzes Entertainment Llc
Seller's Agent
Laura Drammer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Jeanne Hollingsworth
Fusion Real Estate Network, INC
List Price
$399,000
Sold Price
$450,000
Premium/Discount to List
$51,000
12.78%
Current Estimated Value
$573,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,895
Avg. Annual Appreciation
5.74%
Original Mortgage
$175,000
Outstanding Balance
$159,237
Interest Rate
2.8%
Mortgage Type
Seller Take Back
Estimated Equity
$414,658

Purchase Details

Listed on
Jun 3, 2019
Closed on
Jun 26, 2019
Sold by
Wright Aaron 1 and Wright Kathryn R
Bought by
Facha Tl and Birnberg Jerry
Seller's Agent
Jon Ohlgren
Radius Group Commercial R.E.
Buyer's Agent
Jeanne Hollingsworth
Fusion Real Estate Network, INC
List Price
$395,000
Sold Price
$350,000
Premium/Discount to List
-$45,000
-11.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.98%
Original Mortgage
$34,000
Interest Rate
3.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2018
Sold by
Edman Edward G and Edman Joan J
Bought by
Wright Aaron A and Wright Kathryn R

Purchase Details

Closed on
Sep 9, 2010
Sold by
Edman Joan J
Bought by
Edman Edward G and Edman Joan J

Purchase Details

Closed on
Aug 2, 2010
Sold by
Johnsen Robert R and Edman Joan J
Bought by
Edman Joan J

Purchase Details

Closed on
Dec 17, 1997
Sold by
Johnsen Martin H and Johnsen Lelah R
Bought by
Edman Joan J and Johnsen Robert R
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Horzes Entertainment Llc $450,000 Chicago Title Company
Facha Tl $350,000 First American Title Company
Wright Aaron A $260,000 Fidelity National Title Co
Edman Edward G -- None Available
Edman Joan J -- None Available
Edman Joan J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Horzes Entertainment Llc $175,000
Previous Owner Facha Tl $34,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2021 08/27/21 Sold $450,000 +12.8% --
05/28/2021 05/28/21 Pending -- -- --
05/19/2021 05/19/21 For Sale $399,000 +14.0% --
08/05/2019 08/05/19 Sold $350,000 -11.4% -- View Prior Sale
06/24/2019 06/24/19 Pending -- -- --
06/03/2019 06/03/19 For Sale $395,000 -- --
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 $5,180 $477,543 $472,237 $5,306
2023 $5,180 $459,000 $453,900 $5,100
2022 $5,023 $450,000 $445,000 $5,000
2021 $3,978 $353,625 $348,574 $5,051
2020 $3,916 $350,000 $345,000 $5,000
2019 $2,907 $260,000 $255,000 $5,000
2018 $2,479 $220,291 $218,493 $1,798
2017 $2,439 $215,972 $214,209 $1,763
2016 $2,351 $211,738 $210,009 $1,729
2015 $2,196 $208,559 $206,855 $1,704
2014 $2,153 $204,474 $202,803 $1,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-1805

Santa Barbara Multiple Listing Service

APN: 139-214-012