NOT LISTED FOR SALE

4345 Modoc Rd Santa Barbara, CA 93110

Hope Ranch Neighborhood

Estimated Value: $1,495,000 - $3,317,000

2 Beds
2 Baths
1,830 Sq Ft
$1,245/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $1,500,000 $820 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $14,329/month

5 Days on Market

Highlights

  • Property is near an ocean
  • Property is near public transit, shops, and bus stop
  • 1-Story Property
  • Vieja Valley Elementary School Rated A
  • Garage

About This Home

As of February 2016

Income property with a plethora of possibilities! Currently, there are two modular, single story homes, each home is comprised of: 2br/2ba + den (+/- 1,800 sq. ft.) & garage, on a spacious 1.30 acre parcel with equestrian facilities zoning. The homes are currently both rented on a month to month basis. This fabulous opportunity presents solid income for the regular investor, the ability to have an expanded family compound as well as great upside for a developer who would take this property to the next level.

Last Agent to Sell the Property

The Epstein Partners

Keller Williams Realty Santa Barbara License #00994429 Listed on: 01/11/2016

Co-Listed By

Steve Epstein

Keller Williams Realty Santa Barbara License #00994429

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218

Radius Group Commercial R.E.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1991

Lot Details

  • 1.3 Acre Lot
  • Property is in average condition

Parking

  • Garage

Home Design

  • Raised Foundation

Location

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

Schools

  • Vieja Valley Elementary School
  • Lacolina Middle School
  • San Marcos High School

Additional Features

  • 1-Story Property
  • Property is near an ocean

Listing and Financial Details

  • Assessor Parcel Number 061-220-005

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1991

Lot Details

1.3 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1991
  • Building Stories: 1
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: kwrc3
  • Co List Office Phone: 805-456-3600
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1991
  • Property Information Apx # Acres: 1.3
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • Proximity Near Ocean2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • Condition Average2: Yes
  • Foundation Raised2: Yes
  • Parking Info Gar #14: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 1.3
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Garages, Gar #1, Gar #2, Other

Schools

  • Elementary School: Vieja Valley
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 061-220-005
  • Zoning: Other
  • Lot Size Sq Ft: 56628.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2016
Closed on
Feb 25, 2016
Sold by
St George Claudia
Bought by
St George Edward
Seller's Agent
The Epstein Partners
Keller Williams Realty Santa Barbara
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$1,498,800
Sold Price
$1,500,000
Premium/Discount to List
$1,200
0.08%
Current Estimated Value
$2,279,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$779,061
Avg. Annual Appreciation
4.23%
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Jan 11, 2016
Closed on
Feb 12, 2016
Sold by
Fong Colleen
Bought by
St George Edward
Seller's Agent
The Epstein Partners
Keller Williams Realty Santa Barbara
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$1,498,800
Sold Price
$1,500,000
Premium/Discount to List
$1,200
0.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 2, 2015
Sold by
Pernfman Kim Lona and Fong Kim Lona
Bought by
Fong Colleen

Purchase Details

Closed on
Apr 15, 2015
Sold by
Fong Alice and Fong Colleen
Bought by
Wyman Jeffrey L and Fong Judith C

Purchase Details

Closed on
Apr 8, 2015
Sold by
Wong Linda H
Bought by
Wong Wesley R and Wong Linda H

Purchase Details

Closed on
Nov 16, 2011
Sold by
Fong Judith C and Wyman Judith
Bought by
Wyman Jeffrey L and Fong Judith C

Purchase Details

Closed on
Oct 21, 2011
Sold by
Wong Linda H and Fong Judith C
Bought by
Wong Linda H and Fong Judith C

Purchase Details

Closed on
Aug 15, 2006
Sold by
Stemple Colleen and Wyman Judith
Bought by
The Colleen Fong & Carl Stempel Living T

Purchase Details

Closed on
Jan 24, 2005
Sold by
Fong Samuel
Bought by
Fong Samuel and Fong Alice

Purchase Details

Closed on
Oct 11, 2002
Sold by
Fong Florence
Bought by
Fong Florence

Purchase Details

Closed on
Oct 27, 1994
Sold by
Fong Emilie
Bought by
Fong Emilie
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
St George Edward -- First American Title Company
St George Edward $1,500,000 First American Title Company
Fong Colleen $33,000 First American Title Company
Wyman Jeffrey L -- None Available
Wong Wesley R -- None Available
Wyman Jeffrey L -- None Available
Wyman Jeffrey L -- None Available
Wong Linda H -- None Available
The Colleen Fong & Carl Stempel Living T -- None Available
Fong Samuel -- --
Stemple Colleen -- --
Fong Florence -- --
Fong Emilie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed St George Edward $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2016 02/29/16 Sold $1,500,000 +0.1% $820 / Sq Ft
01/16/2016 01/16/16 Pending -- -- --
01/11/2016 01/11/16 For Sale $1,498,800 -- $819 / 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 $25,799 $1,277,773 $350,475 $927,298
2023 $25,799 $2,146,676 $910,262 $1,236,414
2022 $19,699 $1,673,275 $892,414 $780,861
2021 $18,616 $1,640,466 $874,916 $765,550
2020 $18,431 $1,623,646 $865,945 $757,701
2019 $17,918 $1,591,811 $848,966 $742,845
2018 $17,550 $1,560,600 $832,320 $728,280
2017 $17,169 $1,530,000 $816,000 $714,000
2016 $10,461 $905,025 $476,811 $428,214
2015 $9,561 $814,775 $428,288 $386,487
2014 $9,476 $798,816 $419,899 $378,917
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2016

    The Epstein Partners

    Keller Williams Realty Santa Barbara

  • Steve Epstein

    Seller Co-Listing Agent in 2016

    Steve Epstein

    Keller Williams Realty Santa Barbara

    (805) 689-9339

    2 in this area

    134 Total Sales

    Steve Epstein
    Section Image
  • Steve Golis

    Buyer's Agent in 2016

    Steve Golis

    Radius Group Commercial R.E.

    (805) 879-9624

    1 in this area

    89 Total Sales

    Steve Golis
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-77

Santa Barbara Multiple Listing Service

APN: 061-220-005

California Santa Barbara County Santa Barbara 93110 Hope Ranch

4345 Modoc Rd, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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