$1,335,000
SOLD AUG 23, 2016

631 E Sola St Santa Barbara, CA 93103

Laguna Neighborhood
-- Bed
-- Bath
-- Sq Ft
6,098 Sq Ft Lot

Recently Sold

4% Below List Price

80 Days on Market

Highlights

  • Property is near a park
  • Fireplace
  • Patio
  • Santa Barbara Senior High School Rated A-
  • Cooling System Mounted In Outer Wall Opening
  • Laundry Room

About This Home

As of August 2016

This updated Lower Riviera Duplex provides an excellent opportunity for an investor or owner-user. 2BR/1.5BA town home style units, updated kitchens & covered parking. Each unit has ocean & city views, a fireplace, a private patio & upstairs balcony, and its own storage/laundry room. Current rents are $6000/month total. Great investment!

Last Agent to Sell the Property

Grubb Campbell Group

Village Properties License #01236143 / 01410304 Listed on: 05/10/2016

Last Buyer's Agent

Hutch Axilrod

Compass License #01939922

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,101

Year Built

  • Built in 1975

Interior Spaces

  • Fireplace
  • Disposal
  • Laundry Room

Flooring

  • Carpet
  • Vinyl

Parking

  • Carport
  • Open Parking

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
  • Heating Available

Additional Features

  • Patio
  • Property is in good condition

Community Details

  • 2 Units
  • 15 Riviera/Lower Subdivision

Listing and Financial Details

  • Assessor Parcel Number 029-033-037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,101

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1975
  • Capitalization Rate: 3.5
  • Monthly Income: 6000.0
  • Meters Sep Meter Elec: Y
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 - Riviera/Lower
  • Carport Y N: Yes
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1975
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Disposal2: Yes
  • Amenities Patio2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • HeatingCooling Elec: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Cpt #2, Unc #3

Utilities

  • Heating: Elec
  • 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 #: 029-033-037
  • Zoning: R-2

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 6000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2016
Closed on
Aug 19, 2016
Sold by
Orfalea Paul J
Bought by
Barton Riven Surcouf
Seller's Agent
Grubb Campbell Group
Village Properties
Buyer's Agent
Hutch Axilrod
Compass
List Price
$1,395,000
Sold Price
$1,335,000
Premium/Discount to List
-$60,000
-4.3%
Current Estimated Value
$2,471,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,136,455
Avg. Annual Appreciation
7.29%

Purchase Details

Listed on
Mar 17, 2015
Closed on
Mar 29, 2015
Sold by
Mufg Union Bank Na
Bought by
Orfalea Paul J
Seller's Agent
Daniel Zia
Keller Williams Realty Santa Barbara
Buyer's Agent
Grubb Campbell Group
Village Properties
List Price
$1,175,000
Sold Price
$1,045,000
Premium/Discount to List
-$130,000
-11.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.46%

Purchase Details

Closed on
Feb 23, 1994
Sold by
Dearmin George G and Dearmin Jennie T
Bought by
Dearmin George G and Dearmin Jennie T
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,335,000 Fidelity National Title Co
Grant Deed $1,045,000 Chicago Title Company
Grant Deed -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2016 08/23/16 Sold $1,335,000 -4.3% --
07/28/2016 07/28/16 Pending -- -- --
05/09/2016 05/09/16 For Sale $1,395,000 +33.5% --
05/20/2015 05/20/15 Sold $1,045,000 -11.1% --
04/29/2015 04/29/15 Pending -- -- --
03/17/2015 03/17/15 For Sale $1,175,000 -- --
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 $16,101 $1,549,376 $829,815 $719,561
2023 $16,101 $1,489,214 $797,594 $691,620
2022 $15,538 $1,460,014 $781,955 $678,059
2021 $15,181 $1,431,387 $766,623 $664,764
2020 $15,025 $1,416,711 $758,763 $657,948
2019 $14,763 $1,388,934 $743,886 $645,048
2018 $14,555 $1,361,700 $729,300 $632,400
2017 $14,074 $1,335,000 $715,000 $620,000
2016 $11,174 $1,060,936 $507,625 $553,311
2014 -- $133,299 $47,099 $86,200
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Grubb Campbell Group

    Village Properties

  • Hutch Axilrod

    Buyer's Agent in 2016

    Hutch Axilrod

    Compass

    (805) 637-6378

    1 in this area

    9 Total Sales

    Section Image

  • D

    Seller's Agent in 2015

    Daniel Zia

    Keller Williams Realty Santa Barbara

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-1551

Santa Barbara Multiple Listing Service

APN: 029-033-037

California Santa Barbara County Santa Barbara 93103 Laguna

631 E Sola St, Santa Barbara, CA

This home is located at 631 E Sola St, Santa Barbara, CA 93103 and is currently priced at $1,335,000. This property was built in 1975. 631 E Sola 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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