NOT LISTED FOR SALE

622 W Arrellaga St Santa Barbara, CA 93101

Westside Neighborhood

Estimated Value: $1,591,000 - $3,010,747

-- Bed
-- Bath
-- Sq Ft
5,227 Sq Ft Lot

Last Sold April 25, 2019

Last sale price $1,725,000

Est. 19% increase in value since last sale

Current estimated payment $12,869/month

34 Days on Market

Highlights

  • Property is near public transit
  • Cooling Available
  • Property is in excellent condition
  • San Marcos Senior High School Rated A
  • Laundry Room
  • Heating Available

About This Home

As of April 2019

West Arrellaga 4-Plex. Turn Key. Completely Remodeled 3 years ago down to studs. Mission style interiors. Like NEW! Two, 2 BR 2 Bths. One 2 BR 1 Bth. One 1 BR 1 bth. Large units/great Sq. Ftge. 4 blocks to State Street on Great Street. Near City College. Walk Downtown. Hard Flrs, newer Kitchens, Appliances, Windows etc. Super low Maintenance. Large BRs, quiet charm in a great SB location. 100% occupied. Spacious Modern Apts. w/dishwashers, on site laundry. Great off St. Prkng. $9950/mo $119,400/yr gross rents set for 2019. Post remodel, runs at approx. 30% expenses or less. Super easy to rent an easy 4.5% Cap. with new prop. tx.
Legal 4-plex

Last Agent to Sell the Property

Stephen Downarowicz

Harbor View Real Estate and Investments Listed on: 02/05/2019

Last Buyer's Agent

Gary Goldberg

Coastal Properties License #01172139

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,985

Lot Details

  • 5,227 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Laundry Room

Parking

  • 4 Parking Spaces
  • Uncovered Parking

Location

  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Harding Elementary School
  • Lacumbre Middle School
  • S.B. Sr. High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 4 Units

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 043-222-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,985

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Monthly Income: 9950.0
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • New Construction: No
  • Reso Property Condition: Excellent
  • NeighborhoodSchools Elementary School: Harding
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: S.B. Sr.
  • Parking Info Uncovered: Yes
  • Condition Excellent: Yes
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5227.0
  • Proximity Near Bus: Yes
  • General Property Information Stories2: 2.0
  • HeatingCooling Elec: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.12
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Elec
  • HeatingYN: Yes

Schools

  • Elementary School: Harding
  • High School: S.B. Sr.
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 043-222-017
  • Zoning: Other, R-3
  • Lot Size Sq Ft: 5227.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 9950.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
Apr 16, 2019
Sold by
Explorer Proerties Sb Llc
Bought by
Fogel Thomas D and Fogel Ellen A
Seller's Agent
Stephen Downarowicz
Harbor View Real Estate and Investments
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$1,825,000
Sold Price
$1,725,000
Premium/Discount to List
-$100,000
-5.48%
Current Estimated Value
$2,046,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$321,291
Avg. Annual Appreciation
3.26%
Original Mortgage
$500,000
Outstanding Balance
$438,731
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,672,456

Purchase Details

Closed on
Dec 7, 2015
Sold by
Sullivan Shawn A
Bought by
Explorer Properties Sb Llc

Purchase Details

Listed on
Apr 25, 2014
Closed on
May 21, 2014
Sold by
Carralejo Ann
Bought by
Sullivan Shawn A
Seller's Agent
Stephen Downarowicz
Harbor View Real Estate and Investments
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$1,200,000
Sold Price
$1,100,000
Premium/Discount to List
-$100,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.02%
Original Mortgage
$770,000
Interest Rate
4.16%

Purchase Details

Closed on
Feb 4, 2005
Sold by
Carralejo John
Bought by
Carralejo John
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fogel Thomas D $1,725,000 First American Title Company
Explorer Properties Sb Llc -- None Available
Sullivan Shawn A $1,100,000 American Title Company
Carralejo John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fogel Thomas D $500,000
Previous Owner Sullivan Shawn A $770,000
Previous Owner Carralejo John $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $1,725,000 -5.5% --
03/11/2019 03/11/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $1,825,000 +65.9% --
06/20/2014 06/20/14 Sold $1,100,000 -8.3% --
05/14/2014 05/14/14 Pending -- -- --
04/25/2014 04/25/14 For Sale $1,200,000 -- --
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 $19,985 $1,924,266 $641,421 $1,282,845
2023 $19,985 $1,849,547 $616,515 $1,233,032
2022 $19,286 $1,813,282 $604,427 $1,208,855
2021 $18,844 $1,777,728 $592,576 $1,185,152
2020 $18,650 $1,759,500 $586,500 $1,173,000
2019 $12,854 $1,208,804 $576,930 $631,874
2018 $12,672 $1,185,103 $565,618 $619,485
2017 $12,254 $1,161,867 $554,528 $607,339
2016 $11,987 $1,139,086 $543,655 $595,431
2015 $11,856 $1,121,977 $535,489 $586,488
2014 $2,744 $249,410 $88,669 $160,741
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Stephen Downarowicz

    Harbor View Real Estate and Investments

  • Gary Goldberg

    Buyer's Agent in 2019

    Gary Goldberg

    Coastal Properties

    (805) 455-8910

    112 Total Sales

    Section Image

  • P

    Seller Co-Listing Agent in 2014

    Patricia Saraca

    Harbor View Real Estate and Investments

  • N

    Buyer's Agent in 2014

    Non Member Agent

    Non Member Office

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 19-381

Santa Barbara Multiple Listing Service

APN: 043-222-017

California Santa Barbara County Santa Barbara 93101 Westside

622 W Arrellaga St, Santa Barbara, CA

This home is located at 622 W Arrellaga St, Santa Barbara, CA 93101 since 05 February 2019 and is currently estimated at $2,111,187. 622 W Arrellaga St is a home located in Santa Barbara County with nearby schools including Adams Elementary School, La Cumbre Junior High School, and San Marcos Senior High School.

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