NOT LISTED FOR SALE

514 E Islay St Unit A & B Santa Barbara, CA 93101

Lower Riviera Neighborhood

Estimated Value: $2,112,000 - $2,674,000

Studio
-- Baths
-- Sq Ft
5,227 Sq Ft Lot

Sale Details

Date Sold: May 8, 2018

Last sale price $1,150,000

Est. 100% increase in value since last sale

Current estimated payment $12,926 / mo

125 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, shops, and bus stop
  • Carpet

About This Home

As of May 2018

Owner Motivated. Upper East Duplex. Each unit has 2 bedrooms 1.5 baths. Units built on top of carports. Two laundry rooms off carport. Some view from balconies. Rents are low. Live in one rent the other. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Christie Gallagher

Gallagher Property Management License #00827584 Listed on: 11/09/2017

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • Property is in average condition

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Property is near an ocean
  • Deck

Location

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

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 027-064-007

Community Details

Overview

  • 2 Units

Building Details

  • Trash Expense $38
  • Water Sewer Expense $139

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Monthly Income: 3875.0
  • Income Expenses Trash Expense: 37.52
  • Income Expenses Water Expense: 139.14
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 3.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1973
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 3.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Condition Average2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Amenities Elec Stove: Yes
  • HeatingCooling Elec: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Elec
  • HeatingYN: Yes

Fee Information

  • Trash Expense: 37.52
  • Annual Water Sewer Expense: 139.14

Schools

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

Lot Info

  • Parcel #: 027-064-007
  • Zoning: R-2

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 3875.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Snell Tony and Ashley James
Bought by
Current Estimated Value
$2,305,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$910,000
Outstanding Balance
$790,703
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,514,828

Purchase Details

Closed on
Sep 24, 2019
Sold by
Stone Kap Partners Llc
Bought by
Snell Tony and Snell James Ashley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$877,500
Interest Rate
3.7%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 1, 2019
Sold by
Shuman Jeffrey P and The Jeffrey P Shuman 2009 Trus
Bought by
Stone Kap Partners Llc

Purchase Details

Listed on
Nov 9, 2017
Closed on
Apr 26, 2018
Sold by
Nikodemski Bruno A
Bought by
Shuman Jeffrey P and The Jeffrey P Shuman 2009 Trus
Seller's Agent
Christie Gallagher
Gallagher Property Management
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$1,450,000
Sold Price
$1,150,000
Premium/Discount to List
-$300,000
-20.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$750,000
Interest Rate
4.45%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lower Riviera, CA

  • Valerie Menke Real Estate Agent - Berkshire Hathaway HomeService

    Valerie Menke

    Berkshire Hathaway HomeService

    (805) 549-5997

    24 Total Sales

    2 in Lower Riviera

    $2,128,000 Price Range

    Valerie Menke
     Section Image
  • Chris Palme Real Estate Agent - Sotheby's International Realty

    Chris Palme

    Sotheby's International Realty

    (805) 262-8876

    17 Total Sales

    3 in Lower Riviera

    $1.8M - $3.2M Price Range

    Chris Palme
     Section Image
  • Kevin Goodwin Real Estate Agent - Goodwin & Thyne Properties

    Kevin Goodwin

    Responds Quickly

    Goodwin & Thyne Properties

    (805) 979-2658

    50 Total Sales

    3 in Lower Riviera

    $3,300,000 Price Range

    Kevin Goodwin
     Section Image
  • Susan Pate Real Estate Agent - Compass

    Susan Pate

    Compass

    (805) 617-1044

    10 Total Sales

    2 in Lower Riviera

    $3.2M - $5.1M Price Range

    Susan Pate
     Section Image
  • Larry Krogh Real Estate Agent - LIV Sotheby's International Realty

    Larry Krogh

    LIV Sotheby's International Realty

    (805) 586-9558

    132 Total Sales

    2 in Lower Riviera

    $2,250,000 Price Range

    Larry Krogh
     Section Image
  • Janice Laney Real Estate Agent - Keller Williams Santa Barbara

    Janice Laney

    Responds Quickly

    Keller Williams Santa Barbara

    (805) 865-7385

    31 Total Sales

    3 in Lower Riviera

    $1.6M - $2.6M Price Range

    Janice Laney
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,400,000 Fidelity National Title
Snell Tony -- None Available
Stone Kap Partners Llc $1,350,000 First American Title Company
Shuman Jeffrey P $1,150,000 Fidelity Natl Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $910,000
Closed Gallemore Esmeralda $800,000
Previous Owner Snell Tony $877,500
Previous Owner Stone Kap Partners L L C $877,500
Previous Owner Shuman Jeffrey P $160,000
Previous Owner Shuman Jeffrey P $750,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/08/2018 05/08/18 Sold $1,150,000 -20.7% --
03/14/2018 03/14/18 Pending -- -- --
11/09/2017 11/09/17 For Sale $1,450,000 -- --
Source: Santa Barbara Multiple Listing Service

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,196 $104,090 $32,830 $71,260
2024 $3,168 $104,090 $32,830 $71,260
2023 $3,014 $104,090 $32,830 $71,260
2022 $2,980 $104,090 $32,830 $71,260
2021 $3,004 $92,610 $35,980 $56,630
2020 $3,028 $92,890 $35,980 $56,910
2019 $2,982 $92,890 $35,980 $56,910
2018 $2,883 $92,890 $35,980 $56,910
2017 $2,874 $92,890 $35,980 $56,910
2016 $3,136 $100,030 $38,780 $61,250
2015 $3,057 $100,030 $38,780 $61,250
2014 $2,999 $100,030 $38,780 $61,250
Source: Public Records

Agents Affiliated with this Home

  • CG

    Seller's Agent in 2018

    Christie Gallagher

    Gallagher Property Management

    6 Total Sales

    Christie Gallagher
    Section Image

  • C

    Buyer's Agent in 2018

    Calcagno & Hamilton

    Sotheby's International Realty

  • MC

    Buyer's Agent in 2018

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    3 in this area

    311 Total Sales

    Michael Calcagno
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3719

Santa Barbara Multiple Listing Service

APN: 027-064-007

California Santa Barbara County Santa Barbara 93101 Lower Riviera

514 E Islay St Unit A & B, Santa Barbara, CA

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