NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
1.6 Acre Lot

Sale Details

Date Sold: September 30, 2016

Last sale price $14,875,000

23 Days on Market

Highlights

  • Property is near an ocean
  • 1.6 Acre Lot
  • Laundry Room
  • San Marcos Senior High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop

About This Home

As of September 2016

Rare opportunity to acquire an asset of this size in the hear of Santa Barbara. Villa Carrillo Apartments is ideally located on 1.6 acres. The property consists of 9 building, 50 spacious apartments, 2 laundry rooms and off street parking. Unit mix (12) 2BR/1BA (38) 1BR/1BA units. Tour date Thur. June 30 10AM -1PM, offers will be reviewed after July 6th.

Last Agent to Sell the Property

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 06/21/2016

Radius Group Commercial R.E.

Last Buyer's Agent

Steve Golis

Radius Group Commercial R.E. License #00772218 Listed on: 06/21/2016

Radius Group Commercial R.E.
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 1.6

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Location

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

Additional Features

  • Property is near an ocean
  • 1.6 Acre Lot

Community Details

  • 50 Units

Listing and Financial Details

  • Assessor Parcel Number 039-250-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

1.6 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1970
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Property Information Year Built2: 1970
  • Property Information Apx # Acres: 1.6
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 1.6
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Mixed

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 039-250-015
  • Zoning: R-3
  • Lot Size Sq Ft: 69696.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 50

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

Listed on
Jun 21, 2016
Closed on
Sep 23, 2016
Sold by
Bought by
Seller's Agent
Steve Golis
Radius Group Commercial R.E.
Buyer's Agent
Steve Golis
Radius Group Commercial R.E.
List Price
$14,750,000
Sold Price
$14,875,000
Premium/Discount to List
$125,000
0.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,250,000
Outstanding Balance
$5,647,909
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 24, 2013
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 4, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 29, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 24, 2000
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$14,875,000 First American Title Company
-- None Available
-- None Available
-- First American 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 $3,750,000
Open $7,250,000
Previous Owner $2,000,000
Previous Owner $2,000,000
Previous Owner $1,700,000
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
09/30/2016 09/30/16 Sold $14,875,000 +0.8% --
07/14/2016 07/14/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $14,750,000 -- --
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
2026 $182,255 $17,628,559 $9,067,887 $8,560,672
2025 $179,147 $17,264,696 $8,890,086 $8,374,610
2023 $179,147 $16,595,454 $8,544,874 $8,050,580
2022 $172,897 $16,270,642 $8,377,328 $7,893,314
2021 $168,947 $15,952,199 $8,213,067 $7,739,132
2020 $167,212 $15,788,938 $8,128,853 $7,660,085
2019 $164,306 $15,479,940 $7,969,464 $7,510,476
2018 $161,993 $15,177,000 $7,813,200 $7,363,800
2017 $156,651 $14,880,000 $7,660,000 $7,220,000
2016 $9,969 $929,296 $253,696 $675,600
2014 $9,707 $898,096 $244,992 $653,104
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2067

Santa Barbara Multiple Listing Service
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