NOT LISTED FOR SALE

518 Chapala St Unit A B C D Santa Barbara, CA 93101

Estimated Value: $1,712,000 - $2,104,430

4 Beds
4 Baths
-- Sq Ft
3,049 Sq Ft Lot

Last Sold April 22, 2013

Last sale price $944,000

Est. 99% increase in value since last sale

Current estimated payment $11,282/month

85 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Wood Flooring
  • San Marcos Senior High School Rated A

About This Home

As of April 2013

DOWNTOWN,legal non-conforming, multi-zoned, fourplex. 4 large, light & charming 1-bed 1-bath units.No off Street Parking.Zoned CM. ALL units have hardwood floors, high ceilings and remodeled kitchen & baths.Common laundry facility. Backyard BBQ area.1915 charm.Needs TLC. Current gross income $6000/month.Projected
Income could be $1750/unit or $7000/mth.
Regular Sale.

Last Agent to Sell the Property

Roberta McGinnis

Gowing Properties License #00628934 Listed on: 01/12/2013

Last Buyer's Agent

Roberta McGinnis

Century 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,381

Year Built

  • Built in 1915

Lot Details

  • 3,049 Sq Ft Lot
  • Back Yard Fenced
  • Property is in average condition

Parking

  • On-Street Parking

Home Design

  • Raised Foundation

Interior Spaces

  • 2-Story Property
  • Wood Flooring
  • Dishwasher

Outdoor Features

  • Property is near an ocean

Location

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

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 037-171-010

Community Details

Overview

  • 4 Units
  • 15 Or 20 Downtown Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Trash Expense $100
  • Water Sewer Expense $100
  • New Taxes Expense $1
  • Operating Expense $2,400
  • Gross Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,381

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1915
  • Income Expenses Annual Income: 72000.0
  • Capitalization Rate: 6%
  • Annual Expenses: 2400.0
  • Monthly Expense: 200.0
  • Income Expenses Trash Expense: 100.0
  • Income Expenses Water Expense: 100.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Building Stories: 2
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Reso Flooring: Hardwood
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1915
  • Property Information Apx # Acres: 0.07
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 3049.2
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 2.0
  • Amenities Dishwasher2: Yes
  • Amenities Fncd Back: Yes
  • Condition Average2: Yes
  • Foundation Raised2: Yes
  • Assessor's Data Assessor Lot Acres: 0.07
  • IncomeExpenses Taxes6: 1.25
  • Parking Info Street Only3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.07
  • Foundation Details: Raised

Garage/Parking

  • Parking Features: Street Only

Fee Information

  • Trash Expense: 100.0
  • Annual Water Sewer Expense: 100.0

Schools

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

Lot Info

  • Parcel #: 037-171-010
  • Zoning: C-M
  • Lot Size Sq Ft: 3049.2

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 72000.0
  • Annual Operating Expense: 2400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2016
Sold by
Mcginnis Michael and Gowing David
Bought by
Nonnie Investments Llc
Current Estimated Value
$1,875,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$687,500
Outstanding Balance
$550,029
Interest Rate
3.48%
Mortgage Type
Commercial
Estimated Equity
$1,325,829

Purchase Details

Listed on
Jan 12, 2013
Closed on
Apr 15, 2013
Sold by
Stinchfield Mike
Bought by
Mcginnis Michael and Gowing David
Seller's Agent
Roberta McGinnis
Gowing Properties
Buyer's Agent
Roberta McGinnis
Gowing Properties
List Price
$1,295,000
Sold Price
$944,000
Premium/Discount to List
-$351,000
-27.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.64%
Original Mortgage
$708,000
Interest Rate
3.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2003
Sold by
Stinchfield Michael and Stinchfield Audrey
Bought by
Stinchfield Mike and Stinchfield Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
2.75%

Purchase Details

Closed on
Apr 25, 2003
Sold by
Stinchfield Michael and Stinchfield Audrey
Bought by
Stinchfield Michael and Stinchfield Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,000
Interest Rate
2.75%

Purchase Details

Closed on
Jan 17, 2003
Sold by
Stinchfield Michael and Stinchfield Audrey
Bought by
Stinchfield Mike and Stinchfield Audrey

Purchase Details

Closed on
Jul 10, 2001
Sold by
Jarrott Leonard G and Jarrott Viola M
Bought by
Stinchfield Michael and Stinchfield Audrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.99%
Source: Public Records

Range of Values:

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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
Nonnie Investments Llc $1,250,000 Fidelity National Title Co
Mcginnis Michael $944,000 First American Title Company
Mcginnis Michael -- Fidelity National Title Co
Stinchfield Mike -- --
Stinchfield Michael -- First American Title Co
Stinchfield Mike -- --
Stinchfield Michael $725,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nonnie Investments Llc $687,500
Previous Owner Mcginnis Michael $708,000
Previous Owner Stinchfield Michael $605,000
Previous Owner Stinchfield Michael $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/22/2013 04/22/13 Sold $944,000 -27.1% --
02/20/2013 02/20/13 Pending -- -- --
11/27/2012 11/27/12 For Sale $1,295,000 -- --
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 $16,381 $1,450,729 $580,292 $870,437
2023 $16,381 $1,394,397 $557,759 $836,638
2022 $14,552 $1,367,057 $546,823 $820,234
2021 $14,217 $1,340,252 $536,101 $804,151
2020 $14,071 $1,326,510 $530,604 $795,906
2019 $13,826 $1,300,500 $520,200 $780,300
2018 $13,630 $1,275,000 $510,000 $765,000
2017 $13,180 $1,250,000 $500,000 $750,000
2016 $10,352 $981,981 $357,840 $624,141
2014 $10,071 $948,285 $345,561 $602,724
Source: Public Records

Agents Affiliated with this Home

  • Roberta McGinnis

    Seller's Agent in 2013

    Roberta McGinnis

    Gowing Properties

    (805) 680-6921

    9 Total Sales

    Roberta McGinnis
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-3594

Santa Barbara Multiple Listing Service

APN: 037-171-010

California Santa Barbara County Santa Barbara 93101

518 Chapala St Unit A B C D, Santa Barbara, CA

This home is located at 518 Chapala St Unit A B C D, Santa Barbara, CA 93101 since 12 January 2013 and is currently estimated at $1,875,858. This property was built in 1915. 518 Chapala St Unit A B C D is a home located in Santa Barbara County with nearby schools including La Cumbre Junior High School, San Marcos Senior High School, and Providence School.

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