NOT LISTED FOR SALE

406 N Signal St Ojai, CA 93023

Estimated Value: $922,000 - $1,125,000

3 Beds
2 Baths
1,134 Sq Ft
$893/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $935,000 $825 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,322/month

13 Days on Market

Highlights

  • Golf Course Community
  • Private Yard
  • Neighborhood Views
  • Property is near a park
  • No HOA
  • Cottage

About This Home

As of July 2023

Discover this classic, charming cottage, ideally located in Ojai's downtown business district, a mere two short blocks from our famed Farmers Market. Situated on a nicely landscaped, fenced parcel, the home boasts 3 bedrooms and 2 baths, totaling 1134 ft. of living space. The layout and design of the home offers convenience and functionality to ensure an elegant and comfortable living experience, coupled with beautiful outdoor spaces that provide privacy and security. Because of its Village Mixed Use zoning (VMU), this property is flagged for its desirable live/work potential. It is the perfect spot for an artist studio or professional services enterprise that reflects the culture and flavor of our eclectic community. The attached two-car garage was last used as an artist workshop and studio. The most recent upgrade to the home is a permitted, 300+ ft. bedroom suite, purposely designed to include a right-sized kitchenette, and is ready for submittal as an ADU. Whether looking for your own personal home-business or desperately needed rental units, this property offers numerous options. For families with children, the property is within Ojai's Unified School District, or choose from the numerous exceptional private schools in the area. With its proximity to downtown, walk to shops and restaurants. Go to Libbey Park and Bowl for concerts and events, or just to hang out. Experience the Ojai lifestyle like so many other fortunate, downtown residents. It's all within your reach. This is a rare opportunity that deserves a very close look.

Last Agent to Sell the Property

Teresa Smith

LIV Sothebys Ojai License #02100451 Listed on: 05/24/2023

LIV Sothebys Ojai

Co-Listed By

Bob Kemper

LIV Sothebys Ojai License #01356802

Last Buyer's Agent

Victoria Adam

LIV Sothebys Ojai License #00688940

LIV Sothebys Ojai

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,248

Year Built

  • Built in 1948

Lot Details

  • 5,643 Sq Ft Lot
  • Southwest Facing Home
  • Wood Fence
  • Landscaped
  • Level Lot
  • No Sprinklers
  • Private Yard
  • Garden
  • Front Yard
  • Property is zoned VMU

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Two Garage Doors

Home Design

  • Cottage
  • Bungalow
  • Raised Foundation
  • Fire Rated Drywall
  • Composition Roof

Interior Spaces

  • 1,134 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Blinds
  • Sliding Doors
  • Panel Doors
  • Home Office
  • Tile Flooring
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Wood Patio
  • Exterior Lighting
  • Rear Porch

Location

  • Property is near a park

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Overhead Utilities
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Tax Tract Number 9
  • Assessor Parcel Number 0210073170

Community Details

Overview

  • No Home Owners Association
  • Libbey Park

Recreation

  • Golf Course Community
  • Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,248

Year Built

Built in 1948

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Park Name: Libbey Park
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: VMU
  • Architectural Style: Bungalow, Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0210073170
  • Year Built: 1948
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1134.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Unfurnished
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Tile
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors, Panel Doors
  • Levels: One
  • Price Per Square Foot: 792.77
  • Room Type: Office, Kitchen, All Bedrooms Down
  • Window Features: Skylight(s), Blinds
  • Bathroom Features: Shower In Tub, Bathtub, Exhaust Fan(s), Shower

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Rear Porch, Patio, Wood
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Unknown

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Two Door, Concrete
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Microwave, Gas Water Heater, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Hiking, Street Lights, Storm Drains, Sidewalks, Park, Golf

Lot Info

  • Land Lease: No
  • Lot Features: Front Yard, Garden, Sprinklers None, Park Nearby, Level with Street, Yard, Walkstreet, Utilities - Overhead, Landscaped
  • Lot Size Sq Ft: 5643.00
  • Lot Size Acres: 0.1295

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5643.0000 Square Feet

Tax Info

  • Tax Tract Number: 9.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2024
Sold by
Reel Randall S
Bought by
Reel Randall S
Current Estimated Value
$1,012,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$493,982
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$518,875

Purchase Details

Listed on
May 24, 2023
Closed on
Jul 6, 2023
Sold by
Reel Yuki
Bought by
Reel Randall
Seller's Agent
Teresa Smith
LIV Sothebys Ojai
Buyer's Agent
Victoria Adam
LIV Sothebys Ojai
List Price
$899,000
Sold Price
$935,000
Premium/Discount to List
$36,000
4%
Views
237

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.52%

Purchase Details

Listed on
May 24, 2023
Closed on
Jun 16, 2023
Sold by
Hercher Trust
Bought by
Reel Randall
Seller's Agent
Teresa Smith
LIV Sothebys Ojai
Buyer's Agent
Victoria Adam
LIV Sothebys Ojai
List Price
$899,000
Sold Price
$935,000
Premium/Discount to List
$36,000
4%
Views
237

Purchase Details

Closed on
Jan 22, 2021
Sold by
Hercher Michael M and Hercher Gail P
Bought by
Hercher Michael M and Hercher Gail P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,930
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2018
Sold by
Hercher Michael M and Hercher Gail P
Bought by
Hercher Michael M and Hercher Gail P

Purchase Details

Listed on
Feb 24, 2012
Closed on
May 3, 2013
Sold by
Khan Ajaz and Khan Eileen Mary
Bought by
Hercher Michael and Hercher Gail P
Seller's Agent
Dennis Guernsey
LIV Sothebys Ojai
Buyer's Agent
Jerry Breiner
Realty ONE Group Summit
List Price
$429,500
Sold Price
$390,000
Premium/Discount to List
-$39,500
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Original Mortgage
$150,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 2011
Sold by
Khan Eileen May and Khan Ajaz
Bought by
Khan Ajaz and Khan Eileen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,571
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2008
Sold by
Khan Ajaz and Khan Eileen Mary
Bought by
Khan Eileen Mary and Khan Ajaz

Purchase Details

Closed on
Mar 11, 2002
Sold by
Khan Ajaz and Khan Eileen Mary
Bought by
Khan Eileen Mary and Khan Ajaz

Purchase Details

Closed on
Nov 30, 1994
Sold by
First Nationwide Bank
Bought by
Khan Ajaz and Khan Eileen Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,000
Interest Rate
9.1%

Purchase Details

Closed on
Jul 12, 1994
Sold by
Master Mtg Company
Bought by
First Nationwide Bank
Source: Public Records

Range of Values:

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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
Reel Randall S -- Wfg National Title
Reel Randall -- Fidelity National Title Compan
Reel Randall $935,000 Fidelity National Title Compan
Hercher Michael M -- Amrock Llc
Hercher Michael M -- Amrock Llc
Hercher Michael M -- None Available
Hercher Michael $390,000 Fidelity National Title Co
Khan Ajaz -- Ticor Title San Diego
Khan Eileen Mary -- Lawyers Title Company
Khan Eileen Mary -- --
Khan Ajaz $147,500 First American Title Ins Co
First Nationwide Bank $152,500 Lincoln Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reel Randall S $500,000
Previous Owner Hercher Michael M $183,930
Previous Owner Hercher Michael $150,000
Previous Owner Khan Ajaz $323,571
Previous Owner Khan Ajaz $118,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2023 07/07/23 Sold $935,000 +4.0% $825 / Sq Ft
05/23/2023 05/23/23 For Sale $899,000 +130.5% $793 / Sq Ft
05/31/2013 05/31/13 Sold $390,000 -9.2% $344 / Sq Ft View Prior Sale
05/30/2013 05/30/13 Pending -- -- --
02/24/2012 02/24/12 For Sale $429,500 -- $379 / Sq Ft
Source: Ventura County Regional Data Share

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 $12,248 $953,700 $620,160 $333,540
2024 $12,248 $935,000 $608,000 $327,000
2023 $6,906 $461,596 $378,749 $82,847
2022 $6,854 $452,546 $371,323 $81,223
2021 $6,802 $443,673 $364,042 $79,631
2020 $6,644 $439,125 $360,310 $78,815
2019 $6,465 $430,516 $353,246 $77,270
2018 $6,390 $422,075 $346,320 $75,755
2017 $6,290 $413,800 $339,530 $74,270
2016 $5,836 $405,687 $332,873 $72,814
2015 $5,780 $399,595 $327,874 $71,721
2014 $5,446 $391,769 $321,452 $70,317
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Ventura County Regional Data Share

MLS Number: V1-18249

Ventura County Regional Data Share

APN: 021-0-073-170