NOT LISTED FOR SALE

Estimated Value: $1,074,766 - $1,255,000

6 Beds
4 Baths
3,492 Sq Ft
$338/Sq Ft Est. Value

Last Sold March 08, 2024

Last sale price $1,190,000 $341 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $6,528/month

17 Days on Market

Highlights

  • Craftsman Architecture
  • Built-In Features
  • Auto Driveway Gate
  • Abraham Lincoln High School Rated A

About This Home

As of March 2024

Drumroll, please! Welcome to the stage where history meets your future, this three-unit wonderland with more stories than a library and more potential than a lottery ticket! This enchanting abode, lovingly embraced by the same family for over 50 years, is not just a house; it's a living, breathing testament to the gift of home ownership and the evolution of a personal residence. The show begins on the ground floor with the story's star a 3-bed, 2-bath haven, witness to milestones, celebrations, and countless family meals and gatherings. Crafted with time-honed skill and adorned with original Craftsman charm, this space provides a harbor for memories to be made and traditions to come to life. Upstairs are two more units, adding to the allure and flexibility of this home. First is a well-updated 2-bed, 1-bath apartment, ideal for generating income or to serve as a retreat for guests to be close while still having their own space. Completing the trio is a studio apartment - a blank slate waiting for updates and a new occupant. But there's more! Off the garage is a bonus room with a bathroom; a secret hideaway waiting for its next assignment: office, media room, fitness area - The possibilities are endless. Sure, this fixer-upper has a to-do list, and it's also the rare chance to take ownership of a living legacy. Peel back the layers of time, and you'll find more than just original features you'll discover the heart and soul of a well-loved property cherished and enjoyed for many decades. Here's the opportunity to not just invest in real estate, but to continue the evolution of a piece of Montecito Heights history. The grand finale? Make this house the next chapter in your own saga.

Last Agent to Sell the Property

Shannon Reed

Real Broker License #01950290 Listed on: 01/11/2024

Co-Listed By

Deirdre Salomone

Real Broker License #01325829

Last Buyer's Agent

Jonathan Calderon

Real Broker License #01982607

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,326

Year Built

  • Built in 1912

Lot Details

  • 6,246 Sq Ft Lot

Home Design

  • Triplex
  • Craftsman Architecture

Interior Spaces

  • 3,492 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Oven or Range
  • Laundry Located Outside

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Parking

  • 3 Parking Spaces
  • Auto Driveway Gate
  • Driveway

Utilities

  • Heat Pump System
  • Gravity Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5207-011-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,326

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Craftsman
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3492
  • Lot Acreage: 0.1434
  • Year Built: 1912
  • Number Of Photos: 61
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Appliances: Gas
  • Bedrooms: 6
  • Laundry: Outside
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Range/Oven, Refrigerator
  • Price Per S Q F T: 283.22

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Structures: 1
  • Parking Garage: Garage - 3 Car, Driveway Gate, Driveway
  • Total Parking: 3

Utilities

  • Cooling: Heat Pump(s)
  • Heating: Gravity, Heat Pump

Lot Info

  • Assessed Improvement Percent: 67.84
  • Assessed Improvement Value: 45684
  • Assessed Land Percent: 32.16
  • Assessed Land Value: 21654
  • Total Assessed Value: 67338
  • Assessor Parcel Number: 5207-011-006
  • Lot Size Area: 6246

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 20, 2024
Sold by
Tovar Family Trust and Tovar Fernando
Bought by
Gaspar Leticia Cabrera
Seller's Agent
Shannon Reed
Real Broker
Buyer's Agent
Jonathan Calderon
Real Broker
List Price
$989,000
Sold Price
$1,190,000
Premium/Discount to List
$201,000
20.32%
Views
38
Current Estimated Value
$1,172,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,914
Avg. Annual Appreciation
-0.57%
Original Mortgage
$892,500
Outstanding Balance
$878,676
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$301,766

Purchase Details

Listed on
Jan 11, 2024
Closed on
Feb 2, 2024
Sold by
Lopez Tobias
Bought by
Gaspar Leticia Cabrera
Seller's Agent
Shannon Reed
Real Broker
Buyer's Agent
Jonathan Calderon
Real Broker
List Price
$989,000
Sold Price
$1,190,000
Premium/Discount to List
$201,000
20.32%
Views
38

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$892,500
Outstanding Balance
$878,676
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$301,766

Purchase Details

Closed on
Apr 2, 2004
Sold by
Tovar Rodolfo and Tovar Abigail R
Bought by
Tovar Rodolfo

Purchase Details

Closed on
Nov 24, 1993
Sold by
Tovar Rodolfo
Bought by
Tovar Rodolfo and Tovar Abigail R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.74%
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
Gaspar Leticia Cabrera $1,190,000 Lawyers Title Company
Gaspar Leticia Cabrera -- Lawyers Title Company
Tovar Rodolfo -- --
Tovar Rodolfo -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gaspar Leticia Cabrera $892,500
Previous Owner Tovar Rodolfo $825,000
Previous Owner Tovar Rodolfo $650,000
Previous Owner Tovar Rodolfo $202,500
Previous Owner Tovar Rodolfo $161,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2024 03/08/24 Sold $1,190,000 0.0% $341 / Sq Ft
01/28/2024 01/28/24 Pending -- -- --
01/25/2024 01/25/24 Off Market $1,190,000 -- --
01/11/2024 01/11/24 For Sale $989,000 -- $283 / Sq Ft
Source: The MLS

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 $1,326 $1,213,800 $958,800 $255,000
2024 $1,326 $68,684 $22,087 $46,597
2023 $1,310 $67,338 $21,654 $45,684
2022 $1,266 $66,019 $21,230 $44,789
2021 $1,230 $64,725 $20,814 $43,911
2019 $1,202 $62,807 $20,198 $42,609
2018 $1,071 $61,576 $19,802 $41,774
2016 $984 $59,186 $19,034 $40,152
2015 $974 $58,298 $18,749 $39,549
2014 $990 $57,157 $18,382 $38,775
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-346421

The MLS

APN: 5207-011-006