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

Sale Details

Date Sold: September 26, 2013

Last sale price $1,800,000

163 Days on Market

About This Home

As of September 2013

Opportunity to purchase bank owned garden style apartment buildings. Five buildings 2-story 30- 2bedroom/bath and 5- 1bedroom/1bath. Majority of units have been recently renovated and exterior work completed in 2006. Affordable housing restrictions applicable. NOI: $124,371 - CAP: 6.22 - GRM: 11.43

Last Agent to Sell the Property

Carolyn Parks

Good Management Co. License #00893715 Listed on: 02/12/2013

Last Buyer's Agent

Aaron Gilles

Village Properties

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 34,848 Sq Ft Lot
  • Property is in average condition

Laundry

  • Laundry Room

Community Details

  • 35 Units

Listing and Financial Details

  • Assessor Parcel Number 089-152-002

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0.8 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1958
  • ResoLaundryFeatures: Laundry Room
  • Subdivision Name: Other
  • New Construction: No
  • Reso Property Condition: Fair
  • Property Information Year Built2: 1958
  • Property Information Apx # Acres: 0.8
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Laundry Laundry Room2: Yes
  • Condition Fair2: Yes
  • Assessor's Data Assessor Lot Acres: 0.16
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.8

Schools

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

Lot Info

  • Parcel #: 089-152-002
  • Zoning: R-3
  • Lot Size Sq Ft: 34848.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 35

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
Feb 12, 2013
Closed on
Aug 8, 2013
Sold by
Bought by
Seller's Agent
Carolyn Parks
Good Management Co.
Buyer's Agent
Aaron Gilles
Village Properties
List Price
$2,060,000
Sold Price
$1,800,000
Premium/Discount to List
-$260,000
-12.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,350,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2012
Sold by
Bought by

Purchase Details

Closed on
May 22, 2007
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
$1,855,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2001
Sold by
Bought by

Purchase Details

Closed on
Jul 16, 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
$1,166,563
Interest Rate
6.91%
Mortgage Type
Commercial
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
$1,800,000 Fidelity National Title Co
$1,585,000 Stewart Title
-- Chicago Title Company
-- Equity Title Company
-- Equity Title Company
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
Previous Owner $1,350,000
Previous Owner $1,855,000
Previous Owner $890,398
Previous Owner $1,166,563
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
09/26/2013 09/26/13 Sold $1,800,000 -12.6% --
07/24/2013 07/24/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $2,060,000 -- --
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 $5,155 $450,124 $125,032 $325,092
2025 $4,878 $441,299 $122,581 $318,718
2023 $4,878 $424,165 $117,822 $306,343
2022 $4,791 $415,849 $115,512 $300,337
2021 $4,842 $407,697 $113,248 $294,449
2020 $4,790 $403,517 $112,087 $291,430
2019 $4,711 $395,606 $109,890 $285,716
2018 $4,638 $387,850 $107,736 $280,114
2017 $4,553 $380,246 $105,624 $274,622
2016 $4,471 $372,791 $103,553 $269,238
2014 $4,376 $360,000 $100,000 $260,000
Source: Public Records

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-476

Santa Barbara Multiple Listing Service
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