NOT LISTED FOR SALE

602 E Valerio St Santa Barbara, CA 93103

Lower Riviera Neighborhood

Estimated Value: $2,522,663

Studio
-- Baths
-- Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: December 24, 2013

Last sale price $1,495,000

Est. 69% increase in value since last sale

Current estimated payment $15,788 / mo

25 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Wood Flooring
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, schools, shops, and bus stop
  • 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

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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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 11,253 Sq Ft 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 park, public transit, schools, shops, and bus stop
  • Property near a hospital

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

Year Built

Built in 1930

Lot Details

0.26 Acres

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

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
Aug 15, 2013
Closed on
Feb 5, 2014
Sold by
Ambrecht Dorothy J
Bought by
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
$2,522,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,027,663
Avg. Annual Appreciation
4.19%
Original Mortgage
$930,800
Outstanding Balance
$792,117
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,730,546

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
$792,117
Interest Rate
4.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,730,546

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 and Csfb Mortgaged Backed Notes 2003-Np6

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
Loann Barter
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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lower Riviera, CA

  • Valerie Menke Real Estate Agent - Berkshire Hathaway HomeService

    Valerie Menke

    Berkshire Hathaway HomeService

    (805) 549-5997

    24 Total Sales

    2 in Lower Riviera

    $2,128,000 Price Range

    Valerie Menke
     Section Image
  • Chris Palme Real Estate Agent - Sotheby's International Realty

    Chris Palme

    Sotheby's International Realty

    (805) 262-8876

    18 Total Sales

    3 in Lower Riviera

    $1.8M - $3.2M Price Range

    Chris Palme
     Section Image
  • Kevin Goodwin Real Estate Agent - Goodwin Properties

    Kevin Goodwin

    Goodwin Properties

    (805) 979-2658

    49 Total Sales

    1 in Lower Riviera

    $3,300,000 Price

    Kevin Goodwin
     Section Image
  • Susan Pate Real Estate Agent - Compass

    Susan Pate

    Compass

    (805) 617-1044

    10 Total Sales

    2 in Lower Riviera

    $3.2M - $5.1M Price Range

    Susan Pate
     Section Image
  • Larry Krogh Real Estate Agent - LIV Sotheby's International Realty

    Larry Krogh

    LIV Sotheby's International Realty

    (805) 586-9558

    131 Total Sales

    1 in Lower Riviera

    $2,250,000 Price

    Larry Krogh
     Section Image
  • Janice Laney Real Estate Agent - Keller Williams Santa Barbara

    Janice Laney

    Responds Quickly

    Keller Williams Santa Barbara

    (805) 865-7385

    31 Total Sales

    3 in Lower Riviera

    $1.6M - $2.6M Price Range

    Janice Laney
     Section Image
See All Agents

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
-- 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

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 $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
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
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

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 $18,554 $1,790,533 $1,000,298 $790,235
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 Real Estate Agent - Berkshire Hathaway HomeServices California Properties

    Seller's Agent in 2013

    Penny Collins

    Berkshire Hathaway HomeServices California Properties

    (805) 895-2964

    1 Total Sale

    Penny Collins
    Section Image

  • CL

    Seller Co-Listing Agent in 2013

    Clare Lombardi

    Cambria Property Management & Real Estate

    (805) 448-6763

    1 Total Sale

    Clare Lombardi
    Section Image

  • MR

    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

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