NOT LISTED FOR SALE
16 Beds
10 Baths
-- Sq Ft
0.5 Acre Lot

Sale Details

Date Sold: September 10, 2013

Last sale price $1,050,000

3 Days on Market

Highlights

  • 0.5 Acre Lot
  • Laundry Room
  • Heating Available
  • Wood Flooring
  • Garage

About This Home

As of September 2013

10 units on half-acre in pleasant neighborhood of Santa Maria. 7 detached cottages, 1 house, & 1 duplex. Most units have wood floors with tile in kitchens & baths. Property includes courtyard, separate laundry room, & 12 garages. Large corner lot with alley access off of N Miller St. Close to Vons grocery, local restaurants, schools & Santa Maria Town Center. This is a solid cash flowing property.

Last Agent to Sell the Property

Steve Battaglia

Battaglia Commercial Real Esta License #01318215 Listed on: 06/25/2013

Last Buyer's Agent

Steven Battaglia

Lee & Associates

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.5

Parking

  • Garage

Home Design

  • Raised Foundation

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Individual Gas Meter

Additional Features

  • Stove
  • Laundry Room
  • 21,780 Sq Ft Lot

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 121-231-010

Community Details

Overview

  • 10 Units

Building Details

  • Operating Expense $44,720
  • Gross Income $109,269

Property Details

Home Type

Multi-Family

Lot Details

0.5 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Income Expenses Annual Income: 109269.0
  • Capitalization Rate: 5.49
  • Gross Rent Multiplier: 10.72
  • Annual Expenses: 44720.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • HeatingCooling Wall3: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Apx Lot SqFt: 21780.0
  • FlrWdw Coverings Carpet: Yes
  • Parking Info Garages: Yes
  • Amenities Gas Stove2: Yes
  • Foundation Raised2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.5
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Garages

Utilities

  • Heating: Other, Floor
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 121-231-010
  • Zoning: Other
  • Lot Size Sq Ft: 21780.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 109269.0
  • Annual Operating Expense: 44720.0

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

Closed on
Jun 27, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$940,000
Interest Rate
0.0364%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 25, 2013
Closed on
Aug 26, 2013
Sold by
Bought by
Seller's Agent
Steve Battaglia
Battaglia Commercial Real Esta
Buyer's Agent
Steven Battaglia
Lee & Associates
List Price
$1,175,000
Sold Price
$1,050,000
Premium/Discount to List
-$125,000
-10.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$787,500
Interest Rate
0.0427%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 4, 2013
Sold by
Bought by

Purchase Details

Closed on
May 3, 1999
Sold by
Bought by
Source: Public Records
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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
-- None Available
$1,050,000 Fidelity National Title Co
-- None Available
-- Lawyers Title Company
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 $1,170,000
Closed $940,000
Previous Owner $787,500
Previous Owner $490,000
Previous Owner $429,700
Previous Owner --
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
09/10/2013 09/10/13 Sold $1,050,000 -10.6% --
06/28/2013 06/28/13 Pending -- -- --
06/25/2013 06/25/13 For Sale $1,175,000 -- --
Source: Santa Barbara Multiple Listing Service

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
2026 $14,542 $1,312,886 $406,366 $906,520
2025 $13,885 $1,287,145 $398,399 $888,746
2023 $13,885 $1,237,166 $382,930 $854,236
2022 $13,425 $1,212,909 $375,422 $837,487
2021 $13,072 $1,189,127 $368,061 $821,066
2020 $13,055 $1,176,934 $364,287 $812,647
2019 $12,908 $1,153,858 $357,145 $796,713
2018 $12,746 $1,131,235 $350,143 $781,092
2017 $12,606 $1,109,055 $343,278 $765,777
2016 $12,059 $1,087,310 $336,548 $750,762
2014 $11,324 $1,050,000 $325,000 $725,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-2052

Santa Barbara Multiple Listing Service
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