NOT LISTED FOR SALE

Estimated Value: $1,886,000 - $2,971,000

4 Beds
3 Baths
1,568 Sq Ft
$1,598/Sq Ft Est. Value

Last Sold September 17, 2021

Last sale price $2,301,000 $1,467 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $15,341/month

80 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Property is in excellent condition
  • Washington Elementary School Rated A
  • Property is near public transit, shops, and bus stop
  • 4-minute walk to Plaza Vera Cruz

About This Home

As of September 2021

Charming 3 unit legal furnished vacation rental in downtown Santa Barbara. Property features view deck, off street parking, fully furnished units. Walk to ''Funk Zone'' restaurants and beach.

Last Agent to Sell the Property

Christi Vior

Lee & Associates License #00803953 Listed on: 06/15/2021

Lee & Associates

Co-Listed By

Jim Turner

JT Real Estate Group License #00970829

Last Buyer's Agent

Daniel Zia

Berkshire Hathaway HomeServices California Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 4,791 Sq Ft Lot
  • Fenced
  • Property is in excellent condition

Kitchen

  • Built-In Oven
  • Microwave

Parking

  • 3 Parking Spaces
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Deck

Schools

  • Franklin Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Laundry in unit
  • Property is near public transit, shops, and bus stop

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 031-271-016

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Miscellaneous Parking Spaces: 3.0
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: JTREGR
  • Co List Office Phone: 805-724-0557
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1925
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 4791.0
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • Amenities Deck2: Yes
  • Amenities Microwave2: Yes
  • Amenities OvensBltin: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.11

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 3.0

Schools

  • Elementary School: Franklin
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 031-271-016
  • Zoning: Other
  • Lot Size Sq Ft: 4791.0

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Aug 31, 2021
Sold by
Frick Inga E and The Inga E Frick Rev Tr
Bought by
Sabharwal Rajiv and Sabharwal Julietta
Seller's Agent
Christi Vior
Lee & Associates
Buyer's Agent
Daniel Zia
Berkshire Hathaway HomeServices California Properties
List Price
$2,475,000
Sold Price
$2,301,000
Premium/Discount to List
-$174,000
-7.03%
Current Estimated Value
$2,504,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,987
Avg. Annual Appreciation
1.98%

Purchase Details

Closed on
Aug 13, 2018
Sold by
Frick Inga E
Bought by
Frick Inga E and The Inga E Frick Revocable Tru

Purchase Details

Closed on
Apr 7, 1997
Sold by
Frick Shirley F
Bought by
Kreitman Inga

Purchase Details

Closed on
Mar 28, 1997
Sold by
Kreitman Mark
Bought by
Kreitman Inga

Purchase Details

Closed on
Dec 12, 1996
Sold by
Kibbe Guy Joseph
Bought by
Kibbe Ann E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 11, 1996
Sold by
Hutchings Rosemary J and Kibbe Anne E
Bought by
Frick Shirley F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,500
Interest Rate
7.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 13, 1995
Sold by
Santa Barbara Bank & Trust
Bought by
Hutchings Rosemary J and Kibbe Ann E
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

Date Buyer Sale Price Title Company
Sabharwal Rajiv $2,301,000 Fidelity National Title Co
Frick Inga E -- None Available
Kreitman Inga $100,000 Santa Barbara Title Co
Kreitman Inga -- Santa Barbara Title Co
Kibbe Ann E -- Santa Barbara Title Co
Frick Shirley F $197,500 Santa Barbara Title Co
Hutchings Rosemary J -- Santa Barbara Title Co
Hutchings Rosemary J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Frick Shirley F $97,500
Closed Frick Shirley F $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2021 09/17/21 Sold $2,301,000 -7.0% $1,467 / Sq Ft
09/03/2021 09/03/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $2,475,000 -- $1,578 / 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 $26,908 $2,441,839 $1,061,208 $1,380,631
2023 $26,908 $2,347,020 $1,020,000 $1,327,020
2022 $24,462 $2,301,000 $1,000,000 $1,301,000
2021 $3,763 $351,779 $165,502 $186,277
2020 $3,724 $348,172 $163,805 $184,367
2019 $3,659 $341,346 $160,594 $180,752
2018 $3,364 $312,112 $157,446 $154,666
2017 $3,253 $305,993 $154,359 $151,634
2016 $3,178 $299,994 $151,333 $148,661
2015 $3,142 $295,488 $149,060 $146,428
2014 -- $289,701 $146,141 $143,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 21-2192

Santa Barbara Multiple Listing Service

APN: 031-271-016