NOT LISTED FOR SALE

Estimated Value: $1,138,000 - $2,016,000

2 Beds
2 Baths
-- Sq Ft
4,356 Sq Ft Lot

Last Sold April 06, 2018

Last sale price $1,023,000

Est. 62% increase in value since last sale

Current estimated payment $10,012/month

157 Days on Market

About This Home

As of April 2018

Permits in hand! Work in progress! Seller is days away from having a final signoff to legalize this charming “Bungalow District” home & guest house just 4 blocks to downtown State.
Main house (circa 1925) has had significant upgrades over the past 18 months. 2bed, 1bath cottage enjoys new floors, roof, drywall, kitchen, recessed lighting, doors & windows. Floor plan has been modified to enjoy “great room” living as the living room, kitchen & small dining area are all one space. Incredibly charming home! Back house is a legal ADU. Remodeled 18 x 12 studio living space originally built in 1972 includes a full bath & a newly added 12 x 8 kitchen w/granite counters & new appliances. This unit can be legally rented (projected rents are $1,600-1,800). Attached 1 car garage. Unique opportunity!

Last Agent to Sell the Property

Randy Glick

Berkshire Hathaway HomeServices California Properties License #00950129 Listed on: 12/14/2017

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Sue Irwin

RE/MAX Santa Barbara

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,035

Year Built

  • Built in 1925

Lot Details

  • 4,356 Sq Ft Lot

Schools

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

Community Details

  • 2 Units
  • 15 Or 20 Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 029-222-005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,035

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1925
  • Subdivision Name: 15 or 20 - Downtown
  • Property Information Year Built2: 1925
  • Property Information Apx # Acres: 0.1
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.1

Schools

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

Lot Info

  • Parcel #: 029-222-005
  • Zoning: R-3
  • Lot Size Sq Ft: 4356.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 28, 2023
Sold by
Norton Jeffrey A and Norton Michelle M
Bought by
Norton Jeffrey Allen and Norton Jeffrey Allen
Current Estimated Value
$1,653,380

Purchase Details

Listed on
Dec 14, 2017
Closed on
Mar 23, 2018
Sold by
Brunello Gino J and Brunello Lisa M
Bought by
Norton Jeffrey A and Norton Michelle M
Seller's Agent
Randy Glick
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Sue Irwin
RE/MAX Santa Barbara
List Price
$1,150,000
Sold Price
$1,023,000
Premium/Discount to List
-$127,000
-11.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2017
Sold by
Ailanjian Landon K and Ailanjian Shelley A
Bought by
Ailanjian Landon K and Ailanjian Shelley A

Purchase Details

Closed on
Oct 24, 2017
Sold by
Brunello Gino J and Brunello Lisa M
Bought by
Brunello Gino J and Brunello Lisa M

Purchase Details

Closed on
Nov 17, 2015
Sold by
Maria Pauletto Individual Living Trust and Brunello Jacqueline J
Bought by
Brunello Gino and Brunello Lisa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,758
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 29, 2015
Sold by
Brunello Fidenzio D
Bought by
Brunello Jacqueline J and Maria Pauletto Individual Living Trust

Purchase Details

Closed on
Dec 3, 2013
Sold by
Pauletto Maria
Bought by
Brunello Fidenzio D and Maria Pauletto Individual Living Trust
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
Norton Jeffrey Allen -- None Listed On Document
Norton Jeffrey A $1,023,000 First American Title Co
Ailanjian Landon K -- None Available
Brunello Gino J -- None Available
Brunello Gino J -- None Available
Brunello Gino $400,000 Fidelity National Title Co
Brunello Jacqueline J -- None Available
Brunello Fidenzio D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norton Jeffrey A $725,500
Previous Owner Norton Jeffrey A $760,000
Previous Owner Brunello Gino $577,000
Previous Owner Brunello Gino $408,758
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/06/2018 04/06/18 Sold $1,023,000 0.0% --
04/06/2018 04/06/18 Sold $1,023,000 -11.0% --
03/05/2018 03/05/18 Pending -- -- --
03/05/2018 03/05/18 Pending -- -- --
09/29/2017 09/29/17 For Sale $1,150,000 +5.0% --
08/08/2017 08/08/17 For Sale $1,095,000 -- --
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 $12,035 $1,163,994 $739,587 $424,407
2023 $12,035 $1,118,797 $710,869 $407,928
2022 $11,610 $1,096,861 $696,931 $399,930
2021 $11,342 $1,075,355 $683,266 $392,089
2020 $11,224 $1,064,329 $676,260 $388,069
2019 $11,027 $1,043,460 $663,000 $380,460
2018 $6,971 $650,250 $405,756 $244,494
2017 $6,741 $637,500 $397,800 $239,700
2016 $6,636 $625,000 $390,000 $235,000
2015 $832 $74,208 $33,839 $40,369
2014 -- $72,756 $33,177 $39,579
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3308

Santa Barbara Multiple Listing Service

APN: 029-222-005