NOT LISTED FOR SALE

602 E Valerio St Santa Barbara, CA 93103

Lower Riviera Neighborhood

Estimated Value: $1,562,000 - $3,720,000

-- Bed
-- Bath
-- Sq Ft
0.26 Acres

Last Sold December 24, 2013

Last sale price $1,495,000

Est. 85% increase in value since last sale

Current estimated payment $16,590/month

25 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near a park
  • Fireplace

About This Home

As of December 2013

Prime location for income property. Rents under mkt.value. With cosmetic repairs, major potential for increased income.Units #1& #2 have private individual w/d in carport.Unit #3 has in unit laundry. All units have wd flrs, carpet and tile. Kitchen's & baths have been upgraded.Each unit has off st. prking for 1 car (unit #3 has two).BdrmS.in #3 have peak of ocean & lrg.storage area.Roosevelt sch. Naturally light, bright, open floor plans with private yards and charming outdr. space.. #3 has charm, french drs and wet bar off of kitchen. Beautiful pavered driveway, stone walls and mature landscaping complement and add privacy throughout. Very easy to show with wonderful accommodating tenants.

Last Agent to Sell the Property

Penny Collins

Berkshire Hathaway HomeServices California Properties License #01081586 Listed on: 08/15/2013

Berkshire Hathaway HomeServices California Properties

Co-Listed By

Clare Lombardi

Cambria Property Management & Real Estate License #01881229

Last Buyer's Agent

Marty Rodgers

Village Properties - 1

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,236

Year Built

  • Built in 1930

Lot Details

  • 0.26 Acre Lot
  • Back Yard Fenced
  • Property is in excellent condition

Home Design

  • Raised Foundation

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Fireplace

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Carport
  • On-Street Parking
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

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

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 027-270-001

Community Details

Overview

  • 3 Units
  • 15 Upper Eastside Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Maintenance Expense $200
  • Operating Expense $7,320
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,236

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1930
  • Income Expenses Annual Income: 76800.0
  • Maintenance Expense: 200.0
  • Annual Expenses: 7320.0
  • Monthly Expense: 610.0
  • Monthly Income: 6400.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: Y
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 1
  • ResoLaundryFeatures: In Unit, Other
  • ResoLotFeatures: Near Public Transit
  • Income And Expenses Maintenance Expense: 200.0
  • Co List Office Mls Id: cam
  • Co List Office Phone: 805-448-6763
  • Subdivision Name: 15 - Upper Eastside
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Hardwood, Tile
  • New Construction: No
  • Reso Property Condition: Excellent, Good
  • Property Information Year Built2: 1930
  • Property Information Apx # Acres: 0.26
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Condo:Laundry in Unit: Yes
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 11253.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • General Property Information Stories2: 1.0
  • Amenities Deck2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Amenities Patio2: Yes
  • Foundation Raised2: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Amenities Fncd Prt: Yes
  • Parking Info Street: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.26
  • Foundation Details: Mixed, Other, Raised

Garage/Parking

  • Parking Features: Uncovered, Street, Cpt #5
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Ceiling Fan(s), GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes

Schools

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

Lot Info

  • Parcel #: 027-270-001
  • Zoning: R-3
  • Lot Size Sq Ft: 11253.0

Rental Info

  • Owner Pays: Other, None

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 76800.0
  • Annual Operating Expense: 7320.0
  • Total Actual Rent: 6400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2013
Closed on
Feb 5, 2014
Sold by
Ambrecht Dorothy J
Bought by
Ambrecht Dorothy Jean
Seller's Agent
Penny Collins
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marty Rodgers
Village Properties - 1
List Price
$1,599,000
Sold Price
$1,495,000
Premium/Discount to List
-$104,000
-6.5%
Current Estimated Value
$2,771,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,276,132
Avg. Annual Appreciation
5.26%
Original Mortgage
$930,800
Outstanding Balance
$807,393
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,913,793

Purchase Details

Listed on
Aug 15, 2013
Closed on
Dec 13, 2013
Sold by
Ayzenberg Mariya
Bought by
Ambrecht Dorothy J
Seller's Agent
Penny Collins
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marty Rodgers
Village Properties - 1
List Price
$1,599,000
Sold Price
$1,495,000
Premium/Discount to List
-$104,000
-6.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,800
Outstanding Balance
$807,393
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,913,793

Purchase Details

Closed on
May 13, 2011
Sold by
Kemel Dimitry
Bought by
Ayzenberg Mariya

Purchase Details

Closed on
May 10, 2011
Sold by
Kustova Yulia
Bought by
Ayzenberg Mariya

Purchase Details

Closed on
Aug 30, 2005
Sold by
Kustov Dmitry
Bought by
Kustova Yulia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 19, 2005
Sold by
Vladmirskaya Zoya
Bought by
Kustova Yulia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 14, 2004
Sold by
Lasalle Bank Na
Bought by
Vladimirskaya Zoya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2004
Sold by
Russo Dana
Bought by
Lasalle Bank Na

Purchase Details

Closed on
Mar 19, 2001
Sold by
Jenkins Michael E
Bought by
Russo Dana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,000
Interest Rate
7.03%

Purchase Details

Closed on
Jan 22, 2001
Sold by
Jenkins Gail E
Bought by
Jenkins Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$984,000
Interest Rate
7.03%

Purchase Details

Closed on
Jan 5, 2000
Sold by
Duque Marble Margaret and Marble Margaret D Trustee Marble
Bought by
Barter Loann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$716,000
Interest Rate
7.25%
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
Ambrecht Dorothy Jean -- None Available
Ambrecht Dorothy J $1,432,000 Fidelity National Title Comp
Ayzenberg Mariya -- Fidelity National Title Co
Ayzenberg Mariya $1,000,000 Fidelity National Title Co
Kustova Yulia -- Fidelity National Financial
Kustova Yulia $2,200,000 Fidelity National Financial
Vladimirskaya Zoya -- First American Title Company
Lasalle Bank Na $1,017,567 First American Title
Russo Dana $1,395,000 Stewart Title
Jenkins Michael E -- Chicago Title Co
Jenkins Michael E -- Chicago Title Co
Barter Loann -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ambrecht Dorothy J $930,800
Previous Owner Kustova Yulia $480,000
Previous Owner Kustova Yulia $480,000
Previous Owner Kustova Yulia $1,500,000
Previous Owner Vladimirskaya Zoya $918,000
Previous Owner Russo Dana $984,000
Previous Owner Jenkins Michael E $923,400
Previous Owner Barter Loann $716,000
Closed Russo Dana $246,000
Closed Vladimirskaya Zoya $459,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2013 12/24/13 Sold $1,495,000 -6.5% --
09/09/2013 09/09/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $1,599,000 -- --
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 $18,236 $1,755,426 $980,685 $774,741
2023 $18,236 $1,687,261 $942,604 $744,657
2022 $17,598 $1,654,178 $924,122 $730,056
2021 $17,194 $1,621,744 $906,002 $715,742
2020 $17,017 $1,605,116 $896,713 $708,403
2019 $16,721 $1,573,644 $879,131 $694,513
2018 $16,485 $1,542,790 $861,894 $680,896
2017 $15,941 $1,512,541 $844,995 $667,546
2016 $15,566 $1,482,884 $828,427 $654,457
2014 $15,142 $1,432,000 $800,000 $632,000
Source: Public Records

Agents Affiliated with this Home

  • Penny Collins

    Seller's Agent in 2013

    Penny Collins

    Berkshire Hathaway HomeServices California Properties

    (805) 895-2964

    4 Total Sales

    Penny Collins
    Section Image

  • C

    Seller Co-Listing Agent in 2013

    Clare Lombardi

    Cambria Property Management & Real Estate

    (805) 448-6763

    Clare Lombardi
    Section Image

  • M

    Buyer's Agent in 2013

    Marty Rodgers

    Village Properties - 1

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 13-2635

Santa Barbara Multiple Listing Service

APN: 027-270-001

California Santa Barbara County Santa Barbara 93101 Lower Riviera

602 E Valerio St, Santa Barbara, CA

This home is located at 602 E Valerio St, Santa Barbara, CA 93103 since 15 August 2013 and is currently estimated at $2,771,132. This property was built in 1930. 602 E Valerio St is a home located in Santa Barbara County with nearby schools including Roosevelt Elementary School, Santa Barbara Junior High School, and Santa Barbara Senior High School.

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