NOT LISTED FOR SALE

Estimated Value: $1,787,000 - $2,994,000

-- Bed
-- Bath
505 Sq Ft
$4,362/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $1,245,000 $2,465 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $13,509/month

97 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Laundry Facilities
  • Deck
  • Tile Flooring
  • 3-minute walk to Carpinteria Salt Marsh Nature Park

About This Home

As of September 2020

Two-in-one! Two houses on one lot in a Carpinteria cul-de-sac, 2 bdr 1 ba each. Sparkling remodeled, fresh and bright, and move-in ready. New stainless appliances, stone counters, new wood and tile floors, beamed cathedral ceilings, spacious decks, on-site laundry and storage sheds, fenced easy-care yard. Mountain views, short distance to the beach, shopping, parks. Wonderful opportunity to live at the beach in a family compound, or live in one house, rent out the other, or as vacation rentals (subject to City of Carpinteria Permit).

Last Listed By

Gary Goldberg

Coastal Properties License #01172139 Listed on: 05/14/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,558

Year Built

  • Built in 2017

Lot Details

  • Back Yard Fenced
  • Property is in excellent condition

Parking

  • Open Parking

Home Design

  • 505 Sq Ft Home
  • Slab Foundation

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Tile
  • Vinyl Plank

Outdoor Features

  • Property is near an ocean
  • Deck

Location

  • Property is near a park
  • Property is near shops

Schools

  • Aliso Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Listing and Financial Details

  • Assessor Parcel Number 003-431-007

Community Details

Building Details

  • Insurance Expense $644
  • Maintenance Expense $125
  • New Taxes Expense $12,406
  • Operating Expense $14,550
  • Gross Income $76,800
  • Net Operating Income $62,250

Additional Features

  • 2 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,558

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2017
  • Income Expenses Annual Income: 76800.0
  • Capitalization Rate: 4.5
  • Gross Rent Multiplier: 18.16
  • Maintenance Expense: 125.0
  • Annual Expenses: 14550.0
  • Monthly Expense: 125.0
  • ResoLaundryFeatures: Bldg
  • ResoSecurityFeatures: Smoke Detector(s)
  • Income And Expenses Maintenance Expense: 125.0
  • Reso Flooring: Tile, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2017
  • NeighborhoodSchools Elementary School: Aliso
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 505.0
  • Proximity Near Shopping2: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Property Information Apx Lot Size FxD: 5662
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Fncd Back: Yes
  • IncomeExpenses Taxes6: 12406.0
  • Laundry Bldg: Yes
  • IncomeExpenses NOI2: 62250
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Unc #1, Unc #2

Schools

  • Elementary School: Aliso
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 003-431-007
  • Zoning: Other
  • ResoLotSizeUnits: Apx Lot Size FxD

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 76800.0
  • Insurance Expense: 644.0
  • Annual Operating Expense: 14550.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Sep 9, 2020
Sold by
Saticoy Development Company
Bought by
Nachmanoff Carrie Mided and Nachmanoff Jeffrey Alan
Seller's Agent
Gary Goldberg
Coastal Properties
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$1,395,000
Sold Price
$1,245,000
Premium/Discount to List
-$150,000
-10.75%
Total Days on Market
97
Current Estimated Value
$2,202,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$957,729
Avg. Annual Appreciation
13.14%
Original Mortgage
$809,250
Outstanding Balance
$725,647
Interest Rate
2.85%
Mortgage Type
New Conventional
Estimated Equity
$1,477,082

Purchase Details

Closed on
Mar 21, 2017
Sold by
Real Estate Neighborhood Tenancy Ii Llc
Bought by
Saticoy Development Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 16, 2016
Closed on
Nov 16, 2016
Sold by
Dugan Roseanna
Bought by
Real Estate Neighborhood Tenancy Ii Llc
Seller's Agent
Mark Martinez
Century 21 Masters
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$950,000
Sold Price
$1,000,000
Premium/Discount to List
$50,000
5.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%

Purchase Details

Closed on
Dec 7, 2004
Sold by
Ornelas Abran and Ornelas Aurelia
Bought by
Ornelas Abran G and Ornelas Aurelia

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
Nachmanoff Carrie Mided $1,245,000 Chicago Title Company
Saticoy Development Company $600,000 Chicago Title
Real Estate Neighborhood Tenancy Ii Llc $1,000,000 Chicago Title Company
Ornelas Abran G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nachmanoff Carrie Mided $809,250
Previous Owner Saticoy Development Company Llc $615,000
Previous Owner Saticoy Development Company $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $1,245,000 0.0% --
09/30/2020 09/30/20 Sold $1,245,000 -10.8% $2,465 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/19/2020 08/19/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $1,395,000 0.0% $2,762 / Sq Ft
01/07/2020 01/07/20 For Sale $1,395,000 +39.5% --
11/18/2016 11/18/16 Sold $1,000,000 +5.3% --
09/23/2016 09/23/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $950,000 -- --
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
2023 $15,558 $1,295,298 $988,380 $306,918
2022 $15,001 $1,269,900 $969,000 $300,900
2021 $14,665 $1,245,000 $950,000 $295,000
2020 $12,680 $1,061,207 $955,087 $106,120
2019 $12,406 $1,040,400 $936,360 $104,040
2018 $12,182 $1,020,000 $918,000 $102,000
2017 $11,945 $1,000,000 $900,000 $100,000
2016 $1,793 $49,834 $21,026 $28,808
2015 $1,786 $49,087 $20,711 $28,376
2014 $1,705 $48,127 $20,306 $27,821
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-1745

Santa Barbara Multiple Listing Service

APN: 003-431-007