$1,230,000
SOLD JUN 30, 2015
-- Bed
-- Bath
1,536 Sq Ft
9,010 Sq Ft Lot

Recently Sold

$801 Per Sq Ft

2% Below List Price

136 Days on Market

Highlights

  • Property is near a park
  • Wood Flooring
  • 6 Car Attached Garage
  • Santa Barbara Senior High School Rated A-
  • Fireplace
  • Patio

About This Home

As of February 2018

Updated 3 Bedroom, 2 Bath craftsman home on an almost ¼ acre lot on a tree-lined street in downtown Santa Barbara! City-approved entitlement plans to add two 2BR/2BA townhome style condos and 6-car garage. Excellent building opportunity in downtown Santa Barbara. Entitled plans are available to add two 2BR/2BA condos on top of a 6-car garage (2 for each unit). The entitlements for the project are good until January, 2018 with no Inclusionary Housing In-Lieu fees. The townhome style condo units are 1358 and 1581 gross square feet, as designed. Both will be built on top of the planned 6-car garage. One will face south with views from the Mesa to Montecito and a peek of the ocean. The other will have incredible views of the Riviera and mountains behind.

Both potential units include living room fireplaces plus breakfast bars in their kitchens. Large walk-in closets are in all bedrooms and master bathrooms include dual sinks. Multiple balconies provide opportunities for large views!

This entitled project is less than a mile from Paseo Nuevo shopping and restaurants, one mile from the Mission and Rose Garden and 1.5 miles from Chase Palm Park at East Beach. This puts nearly all of downtown Santa Barbara within an easily reachable distance, including the up and coming Funk Zone.

Current home is in excellent condition. The 3BR/2BA home with refinished wood floors, fireplace, new electrical and plumbing, new interior & exterior paint and a new instant water heater. The second bathroom was recently added and both baths feature granite counter vanities and large walk-in tiled showers. Recent improvements were completed with permits.

Purchase a rare opportunity to build income units in downtown Santa Barbara. Get a head start and capitalize on the seller's hard work getting entitled plans revised and approved!

Last Agent to Sell the Property

Joan Katz

Keller Williams Realty Santa Barbara Listed on: 04/16/2015

Last Buyer's Agent

Thomas Johansen

Village Properties License #01401533

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,755

Year Built

  • Built in 1926

Lot Details

  • 9,010 Sq Ft Lot
  • Lot Dimensions are 53x170
  • Back Yard Fenced
  • Property is in excellent condition

Parking

  • 6 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 3-Story Property
  • Fireplace

Flooring

  • Wood
  • Tile

Outdoor Features

  • Patio

Location

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

Schools

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

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 029-173-005

Community Details

Overview

  • 3 Units
  • 15 Upper Eastside Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,755

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1926
  • Miscellaneous Parking Spaces: 6.0
  • Building Stories: 3
  • ResoLaundryFeatures: Bldg
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Upper Eastside
  • Reso Flooring: Hardwood, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1926
  • Property Information Apx # Acres: 0.21
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 9010.0
  • Proximity Near Bus: Yes
  • Property Information Apx Lot Size FxD: 53x170
  • General Property Information Stories2: 3.0
  • Parking Info Garages: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • Amenities Patio2: Yes
  • Laundry Bldg: Yes
  • Parking Info Gar #53: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Exterior Features

  • Acres: 0.21
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Garages, Gar #5, Attached
  • Total Parking Spaces: 6.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes
  • Association Amenities:Cable TV: Yes

Schools

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

Lot Info

  • Parcel #: 029-173-005
  • Zoning: R-3
  • Lot Size Sq Ft: 9010.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Multi Family

  • Number Of Units Total: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 22, 2018
Sold by
Genis Mary Lynn and Genis Paul R
Bought by
Genis Paul R and Genis Mary Lynn
Current Estimated Value
$1,872,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Outstanding Balance
$71,489
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$1,748,497

Purchase Details

Listed on
Aug 24, 2017
Closed on
Jan 30, 2018
Sold by
Shuman Jeffrey P
Bought by
Genis Mary Lynn and Genis Paul R
Seller's Agent
Thomas Johansen
Village Properties
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$1,225,000
Sold Price
$1,080,000
Premium/Discount to List
-$145,000
-11.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.15%
Original Mortgage
$810,000
Outstanding Balance
$718,093
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,101,893

Purchase Details

Closed on
Oct 11, 2011
Sold by
White Harwood A and Snow Kathryn
Bought by
White Harwood A and Snow Kathryn

Purchase Details

Closed on
Dec 7, 2004
Sold by
Mcneely Suzanne F and Estate Of Clary Wickstrum
Bought by
White Harwood A and Snow Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
4.56%
Mortgage Type
Negative Amortization
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,080,000 First American Title Co
Interfamily Deed Transfer -- None Available
Grant Deed -- Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $210,000 New Conventional
Open $810,000 Adjustable Rate Mortgage/ARM
Previous Owner $300,000 Unknown
Previous Owner $840,000 Negative Amortization
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2018 02/06/18 Sold $1,080,000 -11.8% $703 / Sq Ft
12/20/2017 12/20/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $1,225,000 -0.4% $798 / Sq Ft
06/30/2015 06/30/15 Sold $1,230,000 0.0% $801 / Sq Ft
06/30/2015 06/30/15 Sold $1,230,000 -1.5% $801 / Sq Ft
04/23/2015 04/23/15 Pending -- -- --
04/22/2015 04/22/15 Pending -- -- --
12/08/2014 12/08/14 For Sale $1,249,000 0.0% $813 / Sq Ft
12/08/2014 12/08/14 For Sale $1,249,000 -- $813 / 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 $12,755 $1,233,869 $614,425 $619,444
2023 $12,755 $1,185,959 $590,567 $595,392
2022 $12,306 $1,162,706 $578,988 $583,718
2021 $12,022 $1,139,909 $567,636 $572,273
2020 $11,897 $1,128,222 $561,816 $566,406
2019 $11,688 $1,106,100 $550,800 $555,300
2018 $8,123 $758,539 $306,316 $452,223
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-3694

Santa Barbara Multiple Listing Service

APN: 029-690-001