NOT LISTED FOR SALE

551 E Montecito St Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $835,209 - $1,179,000

2 Beds
2 Baths
1,058 Sq Ft
$236/mo HOA Fee

Last Sold June 16, 2016

Last sale price $635,000 $600 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $6,226/month

Highlights

  • Property is near an ocean
  • Contemporary Architecture
  • Solar Water Heater
  • Washington Elementary School Rated A
  • Property is near park, public transit, schools, shops, and bus stop
  • ENERGY STAR Qualified Appliances

About This Home

As of June 2016

~ FOR STATISTICAL PURPOSES ONLY~ Bright and well maintained 2 bedroom, 2 bath contemporary, Spanish-style, tri-level townhouse in The East Beach Collection, with direct access 2 car (tandem) garage and room for storage. Nearby East Beach, The Funk Zone and Downtown. Low HOA fees approx. $236 per month. LEED Certified community complete with individual solar panels to reduce energy costs This home features 9 foot ceilings throughout, two bedrooms, two full baths and a laundry closet upstairs. A large kitchen with custom cabinetry, breakfast bar and stainless appliances. Living and dining areas with several large windows, lead out to a covered patio with a partial mountain view.

Last Agent to Sell the Property

James Enyart

James Enyart, Broker License #01772444 Listed on: 06/16/2016

Last Buyer's Agent

Gay Milligin

Gay Milligin & Co

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2011

HOA Fees

  • $236 Monthly HOA Fees

Parking

  • Garage

Home Design

  • 1,058 Sq Ft Home
  • Contemporary Architecture
  • Spanish Architecture
  • Tri-Level Property

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Low Flow Plumbing Fixtures

Laundry

  • Laundry in unit
  • Dryer

Schools

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

Additional Features

  • Solar Water Heater
  • Property is near an ocean
  • Property is in excellent condition
  • Property is near park, public transit, schools, shops, and bus stop

Community Details

  • Association fees include prop mgmt, comm area maint, exterior maint
  • 48 Buildings
  • 48 Units
  • Santa Barbara East B Community

Listing and Financial Details

  • Assessor Parcel Number 031-580-009

Property Details

Home Type

Condominium

Year Built

Built in 2011

Lot Details

0

HOA Fees

$236 per month

Listing Details

  • Association Fee: 236
  • Prop. Type: Residential
  • Year Built: 2011
  • Reso Property Sub Type: Condominium
  • ResoLaundryFeatures: In Unit
  • ResoLotFeatures: Level, Near Public Transit
  • Reso Association Fee Includes: Prop Mgmt, Comm Area Maint, Exterior Maint
  • Architectural Style: Contemporary, Spanish
  • Garage Yn: Yes
  • Unit Levels: Tri-Level
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 2011
  • Property Information Total #Units: 48
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Microwave3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Style:Contemporary2: Yes
  • Location Info Development Name: Santa Barbara East B
  • Laundry In Unit2: Yes
  • Appliances Included Electric Range2: Yes
  • Appliances Included Low Flow Fixtures2: Yes
  • ParkingGarage Gar #12: Yes
  • Appliances Included Energy Star Applianc: Yes
  • Style Spanish2: Yes
  • Construction Tri-Level2: Yes
  • Appliances Included Solar Hot Wtr: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Refrigerator, Electric Range, Dishwasher, Disposal, Dryer, Energy Star Applianc, Low Flow Fixtures, Microwave, Solar Hot Wtr
  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Topography: Level

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #1

Condo/Co-op/Association

  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 031-580-009
  • Zoning: Other, PUD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2020
Sold by
Bennett Jeremy S
Bought by
Bennett Jeremy S
Current Estimated Value
$1,021,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,600
Outstanding Balance
$505,973
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$515,829

Purchase Details

Listed on
Jun 16, 2016
Closed on
May 24, 2016
Sold by
Phung Phillip
Bought by
Bennett Jeremy S
Seller's Agent
James Enyart
James Enyart, Broker
Buyer's Agent
Gay Milligin
Gay Milligin & Co
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$603,250
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2011
Sold by
City Ventures Homebuilding Llc
Bought by
Phung Phillip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,410
Interest Rate
4.01%
Mortgage Type
FHA
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
Bennett Jeremy S -- First American Title Company
Bennett Jeremy S $635,000 Fidelity National Title Co
Phung Phillip $380,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bennett Jeremy S $568,600
Closed Bennett Jeremy S $603,250
Previous Owner Phung Phillip $345,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2016 06/16/16 Sold $635,000 -2.2% $600 / Sq Ft
06/16/2016 06/16/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $649,000 -- $613 / Sq Ft
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 $7,760 $751,704 $355,136 $396,568
2023 $7,760 $722,517 $341,347 $381,170
2022 $7,485 $708,351 $334,654 $373,697
2021 $7,311 $694,463 $328,093 $366,370
2020 $7,234 $687,343 $324,729 $362,614
2019 $7,107 $673,866 $318,362 $355,504
2018 $7,005 $660,654 $312,120 $348,534
2017 $6,772 $647,700 $306,000 $341,700
2016 $4,153 $393,666 $185,681 $207,985
2015 $4,107 $387,753 $182,892 $204,861
2014 $4,039 $380,159 $179,310 $200,849
Source: Public Records

Agents Affiliated with this Home

  • James Enyart

    Seller's Agent in 2016

    James Enyart

    James Enyart, Broker

    (831) 247-4602

    6 Total Sales

    James Enyart
    Section Image

  • G

    Buyer's Agent in 2016

    Gay Milligin

    Gay Milligin & Co

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-2029

Santa Barbara Multiple Listing Service

APN: 031-580-009

California Santa Barbara County Santa Barbara 93103 Eastside

551 E Montecito St, Santa Barbara, CA

Not Listed for Sale

Condos

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