NOT LISTED FOR SALE

Estimated Value: $1,549,000 - $2,096,000

1 Bed
1 Bath
-- Sq Ft
5,662 Sq Ft Lot

Last Sold August 03, 2022

Last sale price $1,655,000

Est. 7% increase in value since last sale

Current estimated payment $11,169/month

38 Days on Market

Highlights

  • Property is near public transit
  • Forced Air Heating and Cooling System
  • Gated Home
  • San Marcos Senior High School Rated A
  • 1 Car Garage
  • Carpet

About This Home

As of August 2022

TWO HOMES - ONE LOT Located on Santa Barbara's Westside! 635 & 637 West Ortega consists of a refreshed 2 Bedroom 2 Bath 1920's era Craftsman style Home and a spacious 2nd Level 2 Bedroom, 1 Bath Home built NEW in 2006. 637 W. Ortega features mountain views from the balcony patio and BOTH properties offer newer plumbing, roofing, electrical, paint & carpet. Centrally located just minutes to the beach, downtown, schools, dining, and shopping. A great property for an investor OR the new owners could live in one and rent the other. Located on a unique cul-de-sac with shade trees and a neighborhood of Homes reflecting pride of ownership!

Last Agent to Sell the Property

Larry Martin

Douglas Elliman of California, Inc. License #01372928 Listed on: 06/15/2022

Last Buyer's Agent

Zia Group

eXp Realty of California, Inc. License #01710544

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,888

Year Built

  • Built in 2006

Lot Details

  • 5,662 Sq Ft Lot
  • Gated Home
  • Property is in good condition

Parking

  • 1 Car Garage

Home Design

  • Pillar, Post or Pier Foundation
  • Slab Foundation

Flooring

  • Carpet
  • Vinyl

Laundry

  • Dryer
  • Washer

Location

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

Schools

  • Mckinley Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Additional Features

  • Stove
  • Forced Air Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 037-101-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,888

Year Built

Built in 2006

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2006
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Gate:Elec
  • Reso Flooring: Vinyl, Carpet
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 2006
  • Property Information Apx # Acres: 0.13
  • NeighborhoodSchools Elementary School: McKinley
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Foundation:Slab: Yes
  • Proximity Near School(s)2: Yes
  • Security GateElec: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 5662.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • HeatingCooling AC Central2: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • HeatingCooling GFA: Yes
  • Foundation Pier Post: Yes
  • Parking Info Gar #14: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Parking Info Total # Garage Spaces2: 1.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.13
  • Foundation Details: Slab, Pier & Post

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Gar #1

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

  • Elementary School: McKinley
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 037-101-001
  • Zoning: R-2
  • Lot Size Sq Ft: 5662.0

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 29, 2022
Sold by
Andrew A Ruiz Trust
Bought by
Merwin John and Merwin Karen
Seller's Agent
Larry Martin
Douglas Elliman of California, Inc.
Buyer's Agent
Zia Group
eXp Realty of California, Inc.
List Price
$1,795,000
Sold Price
$1,655,000
Premium/Discount to List
-$140,000
-7.8%
Current Estimated Value
$1,776,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,187
Avg. Annual Appreciation
2.34%

Purchase Details

Closed on
Jun 29, 2021
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A and The Andrew A Ruiz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,025,000
Interest Rate
2.93%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Oct 24, 2018
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A and Andrew A Ruiz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 21, 2018
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2018
Sold by
Ruiz Andrew
Bought by
Ruiz Andrew A and Andrew A Ruiz Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2014
Sold by
Ruiz Andrew
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$491,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 14, 2008
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,900
Interest Rate
5.81%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 29, 2003
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 12, 2002
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.75%

Purchase Details

Closed on
Oct 6, 2001
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A

Purchase Details

Closed on
Feb 20, 2001
Sold by
Ruiz Andrew A
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.97%

Purchase Details

Closed on
Dec 28, 2000
Sold by
Covington Colette
Bought by
Ruiz Andrew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
6.97%

Purchase Details

Closed on
Nov 13, 2000
Sold by
Mccarty William H
Bought by
Ruiz Andrew A

Purchase Details

Closed on
Mar 31, 2000
Sold by
Mccarty William H
Bought by
Ruiz Andrew A

Purchase Details

Closed on
Jun 11, 1998
Sold by
Mccarty William H and Shay Deborah
Bought by
Mccarty William H

Purchase Details

Closed on
Sep 28, 1993
Sold by
Bonilla Kenneth B
Bought by
Mccarty William H and Shay Mccarty Deborah
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
Merwin John $1,655,000 Fidelity National Title
Ruiz Andrew A -- Old Republic Title Company
Ruiz Andrew A -- Old Republic Title Company
Ruiz Andrew -- Old Republic Title Company
Ruiz Andrew A -- None Available
Ruiz Andrew A -- None Available
Ruiz Andrew -- Chicago Title Co
Ruiz Andrew A -- None Available
Ruiz Andrew A -- First American Title Company
Ruiz Andrew -- First American Title Company
Ruiz Andrew A -- None Available
Ruiz Andrew A -- Fidelity National Title
Ruiz Andrew A -- --
Ruiz Andrew A -- Fidelity National Title
Ruiz Andrew A -- --
Ruiz Andrew A -- First American Title
Ruiz Andrew A -- First American Title
Ruiz Andrew A -- First American Title
Ruiz Andrew A -- --
Mccarty William H -- --
Mccarty William H $160,000 Stewart Title Of Santa Barba
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merwin John $950,000
Previous Owner Ruiz Andrew A $2,025,000
Previous Owner Ruiz Andrew A $50,000
Previous Owner Ruiz Andrew $560,000
Previous Owner Ruiz Andrew A $47,500
Previous Owner Ruiz Andrew $491,000
Previous Owner Ruiz Andrew A $515,000
Previous Owner Cahill Richard A $36,900
Previous Owner Ruiz Andrew A $399,000
Previous Owner Ruiz Andrew A $914,500
Previous Owner Ruiz Andrew A $870,000
Previous Owner Ruiz Andrew A $150,000
Previous Owner Ruiz Andrew A $700,000
Previous Owner Ruiz Andrew A $55,000
Previous Owner Ruiz Andrew A $585,000
Previous Owner Ruiz Andrew A $75,000
Previous Owner Ruiz Andrew A $440,000
Previous Owner Ruiz Andrew A $340,000
Previous Owner Ruiz Andrew A $385,000
Previous Owner Ruiz Andrew A $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2022 08/03/22 Sold $1,655,000 0.0% --
08/03/2022 08/03/22 Off Market $1,655,000 -- --
07/23/2022 07/23/22 Pending -- -- --
07/11/2022 07/11/22 Price Changed $1,595,000 -11.1% --
06/14/2022 06/14/22 For Sale $1,795,000 -- --
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 $17,888 $1,721,862 $936,360 $785,502
2023 $17,888 $1,655,000 $900,000 $755,000
2022 $7,771 $735,068 $411,491 $323,577
2021 $7,590 $720,656 $403,423 $317,233
2020 $7,511 $713,268 $399,287 $313,981
2019 $7,379 $699,283 $391,458 $307,825
2018 $7,273 $685,573 $383,783 $301,790
2017 $7,031 $672,131 $376,258 $295,873
2016 $6,917 $658,953 $368,881 $290,072
2014 $6,727 $636,343 $356,224 $280,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 22-1964

Santa Barbara Multiple Listing Service

APN: 037-101-001