NOT LISTED FOR SALE

Estimated Value: $1,264,000 - $1,617,000

2 Beds
2 Baths
-- Sq Ft
6,098 Sq Ft Lot

Last Sold August 14, 2024

Last sale price $1,082,000

Est. 36% increase in value since last sale

Current estimated payment $8,764/month

42 Days on Market

Highlights

  • Property is near public transit, schools, shops, and bus stop
  • Fireplace
  • Property is in excellent condition
  • Vieja Valley Elementary School Rated A
  • Garage

About This Home

As of August 2024

THIS IS A DUPLEX - a one bedroom place and a studio residence.

Good investment opportunity! Front unit is a nice sized 1 bed / 1 bath with a fireplace and a private fenced backyard. Back unit is an attached studio equipped with a kitchen and a private fenced backyard as well. Located close to Earl Warren Showgrounds, Santa Barbara Golf Club, and La Cumbre Plaza.

Both leased on a month-to-month basis - Unit 1 rent is $2,570 (and below market) and unit 2 rent is $2,450.

Last Agent to Sell the Property

Gary Goldberg

Coastal Properties License #01172139 Listed on: 05/02/2024

Last Buyer's Agent

Gary Goldberg

Coastal Properties License #01172139 Listed on: 05/02/2024

Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,098

Parking

  • Garage

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Location

  • Property is near public transit, schools, shops, and bus stop
  • Property near a hospital

Schools

  • Vieja Valley Elementary School
  • Lacolina Middle School
  • San Marcos High School

Additional Features

  • Fireplace
  • Property is in excellent condition

Listing and Financial Details

  • Assessor Parcel Number 051-262-007

Community Details

Overview

  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • ResoLaundryFeatures: In Unit, Other
  • ResoLotFeatures: Near Public Transit
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • NeighborhoodSchools Elementary School: Vieja Valley
  • NeighborhoodSchools Junior High School: LaColina
  • NeighborhoodSchools High School: San Marcos
  • Condo:Laundry in Unit: Yes
  • Condition Excellent: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 0.14
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • Parking Info Garages: Yes
  • Parking Info Gar #24: Yes
  • Amenities Gas Stove2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Microwave2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Garages, Gar #2

Association/Amenities

  • Fireplace: Yes

Schools

  • Elementary School: Vieja Valley
  • High School: San Marcos
  • Middle Or Junior School: LaColina

Lot Info

  • Parcel #: 051-262-007
  • Zoning: R-1
  • Lot Size Sq Ft: 0.14

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2024
Closed on
Jul 5, 2024
Sold by
Robert R Cochran And Terri L Bowman 2004 and Cochran Robert R
Bought by
Bicarme Rupert B and Bicarme Eileen E
Seller's Agent
Gary Goldberg
Coastal Properties
Buyer's Agent
Gary Goldberg
Coastal Properties
List Price
$1,289,000
Sold Price
$1,082,000
Premium/Discount to List
-$207,000
-16.06%
Views
63
Current Estimated Value
$1,476,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$394,227
Avg. Annual Appreciation
21.00%
Original Mortgage
$811,500
Outstanding Balance
$801,563
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
$674,664

Purchase Details

Closed on
Jan 25, 2008
Sold by
Bowman Terri L and Cochran Robert R
Bought by
Cochran Robert R and Bowman Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2005
Sold by
Bowman Terri L and Cochran Robert R
Bought by
Cochran Robert R and Bowman Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$568,000
Interest Rate
2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 28, 2004
Sold by
Cochran Robert R and Bowman Terri L
Bought by
Cochran Robert R and Bowman Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
6.29%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 8, 2004
Sold by
Gateley B Ray and Gateley Dianne J
Bought by
Cochran Robert R and Bowman Terri L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$497,000
Interest Rate
6.29%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Aug 20, 1999
Sold by
Gateley B Ray and Gateley Dianne J
Bought by
Gateley B Ray and Gateley Dianne J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
8%
Source: Public Records

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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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
Bicarme Rupert B $1,082,000 Fidelity National Title
Cochran Robert R -- Chicago Title Company
Bowman Terri L -- Chicago Title Company
Cochran Robert R -- Chicago Title Company
Cochran Robert R -- Chicago Title Company
Cochran Robert R -- Lawyers Title Co
Cochran Robert R -- Lawyers Title Co
Gateley B Ray -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bicarme Rupert B $811,500
Previous Owner Bowman Terri L $610,000
Previous Owner Cochran Robert R $568,000
Previous Owner Cochran Robert R $497,000
Previous Owner Gateley B Ray $210,000
Closed Cochran Robert R $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/14/2024 08/14/24 Sold $1,082,000 0.0% --
08/14/2024 08/14/24 Sold $1,082,000 -9.8% -- View Prior Sale
06/14/2024 06/14/24 Pending -- -- --
06/14/2024 06/14/24 Pending -- -- --
06/03/2024 06/03/24 Price Changed $1,199,000 0.0% --
06/03/2024 06/03/24 Price Changed $1,199,000 -7.0% --
05/02/2024 05/02/24 For Sale $1,289,000 0.0% --
05/01/2024 05/01/24 For Sale $1,289,000 0.0% --
02/07/2013 02/07/13 Rented -- -- --
02/06/2013 02/06/13 Under Contract -- -- --
01/23/2013 01/23/13 For Rent $1,950 -- --
Source: Santa Barbara Multiple Listing Service

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 $10,496 $1,082,000 $670,000 $412,000
2023 $10,496 $951,236 $602,897 $348,339
2022 $10,128 $932,585 $591,076 $341,509
2021 $8,548 $799,000 $520,000 $279,000
2020 $7,448 $695,000 $452,000 $243,000
2019 $7,371 $695,000 $452,000 $243,000
2018 $7,224 $681,000 $443,000 $238,000
2017 $6,830 $649,000 $422,000 $227,000
2016 $6,499 $618,000 $402,000 $216,000
2014 $5,850 $551,000 $358,000 $193,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-1414

Santa Barbara Multiple Listing Service

APN: 051-262-007

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