NOT LISTED FOR SALE

403 Ruth Ave Santa Barbara, CA 93101

Downtown Santa Barbara Neighborhood

Estimated Value: $967,000 - $1,511,000

2 Beds
2 Baths
1,440 Sq Ft
$842/Sq Ft Est. Value

Last Sold October 23, 2012

Last sale price $450,000 $312 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $6,855/month

120 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Tile Flooring
  • San Marcos Senior High School Rated A-
  • Patio
  • 3-minute walk to Bath Street Pocket Park

About This Home

As of October 2012

Excellent downtown CUL De sac location two units perfect for owner occupied and rent out the other 2 bedroom 1 bath each unit. Centrally located walk to everything that downtown Santa Barbara has to offer including the beach. Exterior recently painted. Seller highly motivated to sell.

Last Agent to Sell the Property

Miguel Avila

Sterling Properties Listed on: 06/02/2011

Last Buyer's Agent

Miguel Avila

Sterling Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 3,920 Sq Ft Lot
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Raised Foundation

Flooring

  • Carpet
  • Tile

Outdoor Features

  • Property is near an ocean
  • Patio

Location

  • Property is near park, public transit, schools, shops, and bus stop
  • Property near a hospital

Schools

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

Utilities

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

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 037-072-006

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1958
  • Monthly Income: 3300.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • ResoLaundryFeatures: None
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: Other
  • Reso Flooring: Carpet, Tile
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1958
  • Property Information Apx # Acres: 0.09
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Condition Fair2: Yes
  • Amenities Patio2: Yes
  • Foundation Raised2: Yes
  • Assessor's Data Assessor Year Built: 1905.0
  • Assessor's Data Assessor Lot Acres: 0.09
  • Parking Info Street Only3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.09
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Street Only

Schools

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

Lot Info

  • Parcel #: 037-072-006
  • Zoning: R-2
  • Lot Size Sq Ft: 3920.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 3300.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 29, 2018
Sold by
Dandona Joan C
Bought by
Dandona Joan C
Current Estimated Value
$1,212,706

Purchase Details

Listed on
Jun 2, 2011
Closed on
Oct 5, 2012
Sold by
Lopez Martin G and Lopez Ernestina
Bought by
Dandona Joan C
Seller's Agent
Miguel Avila
Sterling Properties
Buyer's Agent
Miguel Avila
Sterling Properties
List Price
$599,999
Sold Price
$450,000
Premium/Discount to List
-$149,999
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%
Original Mortgage
$360,000
Outstanding Balance
$249,171
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$963,535

Purchase Details

Closed on
Jun 29, 2006
Sold by
Lopez Ernestina
Bought by
Lopez Martin G and Lopez Ernestina

Purchase Details

Closed on
Apr 23, 2001
Sold by
Lopez Martin G
Bought by
Lopez Martin G and Lopez Ernestina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,750
Interest Rate
6.89%

Purchase Details

Closed on
Mar 3, 2000
Sold by
Lopez Juan F
Bought by
Lopez Martin G

Purchase Details

Closed on
Mar 27, 1998
Sold by
Lopez Martin G and Lopez Efrain G
Bought by
Lopez Martin G and Lopez Juan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
7%

Purchase Details

Closed on
Dec 28, 1994
Sold by
Great Western Bank
Bought by
Great Western Bank

Purchase Details

Closed on
Oct 3, 1994
Sold by
Rivera Armando and Rivera Mary Ellen
Bought by
Mountain Equities
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
Dandona Joan C -- None Available
Dandona Joan C $450,000 First American Title Company
Lopez Martin G -- None Available
Lopez Martin G -- Fidelity National Title
Lopez Martin G -- --
Lopez Martin G -- Equity Title Company
Great Western Bank $150,453 Chicago Title
Mountain Equities -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dandona Joan C $360,000
Previous Owner Lopez Martin G $321,750
Previous Owner Lopez Martin G $187,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2012 10/23/12 Sold $450,000 -25.0% $313 / Sq Ft
09/30/2011 09/30/11 Pending -- -- --
06/02/2011 06/02/11 For Sale $599,999 -- $417 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $5,716 $554,130 $369,423 $184,707
2023 $5,716 $532,615 $355,079 $177,536
2022 $5,512 $522,172 $348,117 $174,055
2021 $5,383 $511,935 $341,292 $170,643
2020 $5,326 $506,687 $337,793 $168,894
2019 $5,232 $496,753 $331,170 $165,583
2018 $5,156 $487,014 $324,677 $162,337
2017 $4,985 $477,465 $318,311 $159,154
2016 $4,930 $468,104 $312,070 $156,034
2015 $4,875 $461,074 $307,383 $153,691
2014 -- $452,043 $301,362 $150,681
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Miguel Avila

    Sterling Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 11-2005

Santa Barbara Multiple Listing Service

APN: 037-072-006

California Santa Barbara County Santa Barbara 93101 Downtown Santa Barbara

403 Ruth Ave, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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