M
Seller's Agent in 2020
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
(805) 896-0876
8 in this area
289 Total Sales
5353 8th St Carpinteria, CA 93013
Old Town Carpinteria NeighborhoodEstimated Value: $2,372,000 - $3,535,000
4
Beds
5
Baths
2,852
Sq Ft
$1,041/Sq Ft
Est. Value
Highlights
- Property is near an ocean
- Wood Flooring
- Property is in excellent condition
- Property is near public transit
- Central Air
- Heating Available
About This Home
As of October 2020INCREDIBLE VALUE AT $531 PER SQUARE FOOT!!! Bring your surfboards & beach cruisers! This ideally located Carpinteria gem rests in an A+ location, in close proximity to Carpinteria's best beaches & surf spots and all that downtown has to offer. This home will appeal to many types of buyers - perfect for a large family, as a dual living situation with rental income to offset monthly overhead, or an amazing opportunity for a 1031 exchange. Historic rent of $8,000/month and projected income of over $10,000/month. With rare PRD-20 (multi-unit) zoning, the potential is endless.
Upon entering the 3,250 square foot custom residence, one is met with historic materials harvested along the Santa Barbara coastline: stones from El Capitan Canyon, seaglass from Tar Pits Beach and wood beams constructed from the old Haskell's Pier. The generous and flexible floor plan offers a downstairs bedroom/office ideal for a "work from home" situation and three additional bedrooms on the second story. All bedrooms offer en-suite bathrooms for privacy and prime rentability. In addition, there is large attached studio space with a private entrance, a full bathroom and kitchen hookups that could be used as additional living space, larger home office, or income-producing rental.
The exterior of the home is adorned with low maintenance landscaping, a private central patio & back patio, and 3 mature avocado trees that garner $2,000-$3,000 per year. Large two-car garage is accessed off of Willow Street for additional parking and workshop space.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01499736 / 01129919 Listed on: 07/03/2020
Co-Listed By
Non Member Agent
Non Member Office
Last Buyer's Agent
Non Member Agent
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $20,675
Year Built
- Built in 1988
Lot Details
- 6,098 Sq Ft Lot
- Property is in excellent condition
Parking
- 2 Car Garage
- Parking Garage Space
Home Design
- Slab Foundation
Kitchen
- Stove
- Disposal
Flooring
- Wood
- Carpet
- Vinyl Plank
Laundry
- Dryer
- Washer
Outdoor Features
- Property is near an ocean
Location
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a bus stop
Schools
- Canalino Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Utilities
- Central Air
- Heating Available
Community Details
- Pets Allowed
Listing and Financial Details
- Assessor Parcel Number 003-331-002
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 3, 2020
Closed on
Sep 29, 2020
Sold by
Steinmann Janet Lee and The Steinmann Living Trust
Bought by
Mathers Todd and Sobesky Eva
Seller's Agent
Michael Calcagno
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,798,000
Sold Price
$1,696,200
Premium/Discount to List
-$101,800
-5.66%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,273,778
Avg. Annual Appreciation
12.03%
Original Mortgage
$691,300
Outstanding Balance
$616,263
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$2,353,715
Purchase Details
Closed on
Sep 10, 2018
Sold by
Steinmann Janet Lee
Bought by
Steinmann Janet Lee and Steinmann Living Trust
Purchase Details
Closed on
Jul 27, 1995
Sold by
Steinmann Janet L
Bought by
Steinmann Janet Lee
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mathers Todd | $1,696,500 | Fidelity National Title Co | |
| Steinmann Janet Lee | -- | None Available | |
| Steinmann Janet Lee | -- | None Available | |
| Steinmann Janet Lee | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mathers Todd | $691,300 | |
| Previous Owner | Steinman Janet Lee | $250,000 | |
| Previous Owner | Steinmann Janet Lee | $175,000 | |
| Previous Owner | Trust Of Janet Lee Steinmann | $160,000 | |
| Previous Owner | Steinmann Janet Lee | $150,000 | |
| Previous Owner | Steinmann Janet Lee | $450,000 | |
| Previous Owner | Steinmann Janet Lee | $151,238 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/05/2020 10/05/20 | Sold | $1,696,200 | 0.0% | $617 / Sq Ft |
| 10/05/2020 10/05/20 | Sold | $1,696,200 | -5.7% | $595 / Sq Ft |
| 08/21/2020 08/21/20 | Pending | -- | -- | -- |
| 08/21/2020 08/21/20 | Pending | -- | -- | -- |
| 07/03/2020 07/03/20 | For Sale | $1,798,000 | 0.0% | $654 / Sq Ft |
| 07/03/2020 07/03/20 | For Sale | $1,798,000 | -- | $630 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Tax History Compared to Growth
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 | $20,675 | $1,912,423 | $974,188 | $938,235 |
| 2023 | $20,675 | $1,774,726 | $936,360 | $838,366 |
| 2022 | $19,182 | $1,739,124 | $918,000 | $821,124 |
| 2021 | $18,674 | $1,696,200 | $900,000 | $796,200 |
| 2020 | $4,285 | $336,995 | $84,733 | $252,262 |
| 2019 | $4,188 | $330,388 | $83,072 | $247,316 |
| 2018 | $4,106 | $323,911 | $81,444 | $242,467 |
| 2017 | $4,021 | $317,561 | $79,848 | $237,713 |
| 2016 | $3,951 | $311,335 | $78,283 | $233,052 |
| 2015 | $3,913 | $306,660 | $77,108 | $229,552 |
| 2014 | $3,693 | $300,654 | $75,598 | $225,056 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Calcagno
-
N
Seller Co-Listing Agent in 2020
Non Member Agent
Non Member Office
Map
Source: Santa Barbara Multiple Listing Service
MLS Number: 20-2507
APN: 003-331-002
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