NOT LISTED FOR SALE

514 E Islay St Santa Barbara, CA 93101

Lower Riviera Neighborhood

Estimated Value: $2,197,000 - $2,294,000

Studio
-- Bath
981 Sq Ft
$2,297/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $1,400,000 $1,427 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $13,103/month

6 Days on Market

Highlights

  • Property is near park, public transit, shops, and bus stop
  • Wood Flooring
  • Laundry Room
  • Santa Barbara Senior High School Rated A-
  • 3 Car Attached Garage
  • Property is in excellent condition

About This Home

As of July 2020

Gorgeous views from this renovated upper east side duplex. This duplex has two units which are 2-bedroom, 2 baths single level units; each unit is 981 square feet and they are very light and open with beautiful engineered floors and vibrant white ceiling beams. From the living room and dining area you can see the city and ocean views. The balconies have been cantilevered to offer a much more useable space for table and chairs. The property is close to the Santa Barbara mission and Rose Garden. Each large separate unit sits above separate carports and their own laundry and storage rooms. The following appliances are included for each unit: washer, dryer, dishwasher, stove and refrigerator

Last Agent to Sell the Property

Diana Anthony

Bolt Equities, Inc. License #02048206 Listed on: 06/04/2020

Last Buyer's Agent

Jacqueline Walters

Pitts & Bachmann Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Slab Foundation

Interior Spaces

  • 981 Sq Ft Home
  • 2-Story Property
  • Fire and Smoke Detector

Flooring

  • Wood
  • Carpet
  • Vinyl Plank

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • 3 Carport Spaces

Location

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

Schools

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

Utilities

  • Heating Available
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 027-064-007

Community Details

Overview

  • 2 Units
  • 15 Upper Eastside Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Insurance Expense $1,228
  • New Taxes Expense $16,875
  • Gross Income $80,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Income Expenses Annual Income: 80400.0
  • Monthly Income: 6700.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 3.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Subdivision Name: 15 - Upper Eastside
  • Reso Flooring: Carpet, Wood/Laminate
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1973
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 3.0
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Security Smoke Detector(s)2: Yes
  • Property Information Main House SqFt: 981.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Parking Info Attached6: Yes
  • IncomeExpenses Taxes6: 16875.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.12
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Attached
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Other
  • HeatingYN: Yes

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
  • Lot Size Sq Ft: 5227.0

Rental Info

  • Owner Pays: None

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 80400.0
  • Insurance Expense: 1228.0
  • Total Actual Rent: 6700.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2020
Closed on
Jun 26, 2020
Sold by
Snell Tony and Ashley James
Bought by
Gallemore Esmeralda and Esmeralda Gallemore Revocable
Seller's Agent
Diana Anthony
Bolt Equities, Inc.
Buyer's Agent
Jacqueline Walters
Pitts & Bachmann Realtors
List Price
$1,400,000
Sold Price
$1,400,000
Current Estimated Value
$2,253,470

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$853,470
Avg. Annual Appreciation
9.04%
Original Mortgage
$800,000
Outstanding Balance
$709,387
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,544,083

Purchase Details

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

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

Closed on
Apr 26, 2018
Sold by
Nikodemski Bruno A
Bought by
Shuman Jeffrey P and The Jeffrey P Shuman 2009 Trus

Home Financials for this Owner

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gallemore Esmeralda $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

Date Status Borrower Loan Amount
Open Gallemore Esmeralda $800,000
Previous Owner Shuman Jeffrey P $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/17/2020 07/17/20 Sold $1,400,000 0.0% $1,427 / Sq Ft
06/09/2020 06/09/20 Pending -- -- --
06/03/2020 06/03/20 For Sale $1,400,000 +3.7% $1,427 / Sq Ft
07/22/2019 07/22/19 Sold $1,350,000 -6.9% -- View Prior Sale
03/30/2019 03/30/19 Pending -- -- --
02/26/2019 02/26/19 For Sale $1,450,000 -- --
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 $15,823 $1,515,403 $790,174 $725,229
2023 $15,823 $1,456,560 $759,492 $697,068
2022 $15,266 $1,428,000 $744,600 $683,400
2021 $14,915 $1,400,000 $730,000 $670,000
2020 $14,384 $1,350,000 $725,000 $625,000
2019 $12,537 $1,173,000 $714,000 $459,000
2018 $3,640 $332,073 $136,755 $195,318
2017 $3,520 $325,563 $134,074 $191,489
2016 $3,510 $319,181 $131,446 $187,735
2014 $3,417 $308,230 $126,936 $181,294
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Diana Anthony

    Bolt Equities, Inc.

    Section Image

  • J

    Buyer's Agent in 2020

    Jacqueline Walters

    Pitts & Bachmann Realtors

  • Jackie Walters

    Buyer's Agent in 2020

    Jackie Walters

    Village Properties

    (805) 969-8900

    22 Total Sales

    Jackie Walters
    Section Image

  • M

    Seller's Agent in 2019

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    4 in this area

    300 Total Sales

    Michael Calcagno
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 20-2029

Santa Barbara Multiple Listing Service

APN: 027-064-007

California Santa Barbara County Santa Barbara 93101 Lower Riviera

514 E Islay St, Santa Barbara, CA

Not Listed for Sale

MultiFamily

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