NOT LISTED FOR SALE

501 Garden St Santa Barbara, CA 93101

Lower East Neighborhood

Estimated Value: $1,030,654

0.15 Acre
$6,871,027 Price per Acre
6,530 Sq Ft Lot

Last Sold August 10, 2018

Last sale price $999,000 $153 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $6,830/month

56 Days on Market

Highlights

  • Property is near an ocean
  • City View
  • Level Lot
  • Washington Elementary School Rated A
  • Property is near a park
  • 3-minute walk to Plaza Vera Cruz

About This Lot

As of August 2018

Fantastic downtown location. 3 blocks to State, 4 to the beach. Great opportunity in the hot Haley corridor. CM zoning allows up to 7 units. Utilities are in. Adjacent to several beautiful new buildings. Possible seller financing at attractive rates. Currently getting $2,400/ mo for storage. Beautiful second story views.

Last Agent to Sell the Property

Lenny Gerthoffer

Sun Coast Real Estate Listed on: 06/01/2018

Last Buyer's Agent

Lenny Gerthoffer

Sun Coast Real Estate Listed on: 06/01/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,564

Lot Details

  • 6,530 Sq Ft Lot
  • Lot Dimensions are 125 x 50
  • Level Lot
  • Property is zoned C-M

Property Views

  • City
  • Mountain

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

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

Listing and Financial Details

  • Assessor Parcel Number 031-202-010

Community Details

Overview

  • 15 Or 20 Downtown Subdivision

Recreation

  • Property is near an ocean

Property Details

Property Type

Land

Est. Annual Taxes

$14,564

Lot Details

0

Listing Details

  • Directions: A block above the Garden freeway exit. Go UP Garden towards downtown. It'll be on left corner of Haley.
  • Prop. Type: Land
  • Reso Property Sub Type: Res Multi-Unit
  • ResoLotFeatures: Level, Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • View Mountain(s)2: Yes
  • Utility Info Water: Yes
  • LocationTopo Level: Yes
  • Utility Info Electric2: Yes
  • Utility Info Sewer: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6530.0
  • Proximity Near Bus: Yes
  • Property Information Apx Lot Size FxD: 125 x 50
  • View City4: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain(s), City
  • Acres: 0.15
  • Topography: Level

Utilities

  • Water Source: SB Wtr

Schools

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

Lot Info

  • Parcel #: 031-202-010
  • Zoning: C-M
  • Lot Size Sq Ft: 6530.0
  • ResoLotSizeUnits: Square Feet
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2022
Sold by
Paullin 2007 Trust
Bought by
Red Bridge Capital Corp
Current Estimated Value
$1,030,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,675
Outstanding Balance
$210,732
Interest Rate
5.89%
Mortgage Type
Seller Take Back
Estimated Equity
$773,904

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 7, 2018
Sold by
Upton Dan T and Upton Maya S
Bought by
Paullin John M and The Paullin 2007 Trust
Seller's Agent
Lenny Gerthoffer
Sun Coast Real Estate
Buyer's Agent
Lenny Gerthoffer
Sun Coast Real Estate
List Price
$1,150,000
Sold Price
$999,000
Premium/Discount to List
-$151,000
-13.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.21%
Original Mortgage
$530,600
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 23, 2015
Sold by
Olson Leon Allan and Leon Allan Olson Revocable Tru
Bought by
Trust Of Dan T Upton & Maya S Upton Of 2

Purchase Details

Closed on
Sep 14, 2007
Sold by
Kummer Leo A and The Kummer Family 1981 Trust
Bought by
Olson Leon Allan and Leon Allan Olson Revocable Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
6.57%
Mortgage Type
Seller Take Back
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
Red Bridge Capital Corp $894,000 Wfg National Title
Paullin John M $999,000 Fidelity National Title
Trust Of Dan T Upton & Maya S Upton Of 2 -- None Available
Olson Leon Allan $810,000 United General Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Red Bridge Capital Corp $218,675
Previous Owner Paullin John M $530,600
Previous Owner Olson Leon Allan $648,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2018 08/10/18 Sold $999,000 -13.1% $153 / Sq Ft
07/27/2018 07/27/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $1,150,000 -- $176 / 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 $14,564 $1,404,540 $1,404,540 --
2023 $14,564 $1,350,000 $1,350,000 $0
2022 $11,212 $1,050,126 $1,050,126 $0
2021 $10,952 $1,029,536 $1,029,536 $0
2020 $10,839 $1,018,980 $1,018,980 $0
2019 $10,650 $999,000 $999,000 $0
2018 $8,504 $792,198 $792,198 $0
2017 $8,223 $776,665 $776,665 $0
2016 $8,075 $761,437 $761,437 $0
2015 $5,624 $524,000 $524,000 $0
2014 $5,379 $499,000 $499,000 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lenny Gerthoffer

    Sun Coast Real Estate

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-2009

Santa Barbara Multiple Listing Service

APN: 031-202-010

California Santa Barbara County Santa Barbara 93101 Lower East

501 Garden St, Santa Barbara, CA

This home is located at 501 Garden St, Santa Barbara, CA 93101 since 01 June 2018 and is currently estimated at $1,030,654, approximately $157 per square foot. 501 Garden St is a home located in Santa Barbara County with nearby schools including Washington Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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