NOT LISTED FOR SALE

Estimated Value: $1,372,000 - $2,441,000

5 Beds
4 Baths
3,033 Sq Ft
$664/Sq Ft Est. Value

Last Sold January 09, 2015

Last sale price $1,120,000 $369 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $11,896/month

45 Days on Market

Highlights

  • Property is near a park
  • Laundry Room
  • Forced Air Heating System
  • San Marcos Senior High School Rated A
  • Tile Flooring
  • Ceiling Fan

About This Home

As of January 2015

This downtown Westside fourplex has a great 2bd/1ba owner's unit with a living room, travertine, updated plumbing, updated electric and dual paned windows as well as 3 x 1bd/1ba units each with their own back yard! New sewer lateral, landlord pays for trash, water and common electric. Tons of potential to update the property and increase current rents!

Last Agent to Sell the Property

John Thyne

Goodwin & Thyne Properties License #01356582 Listed on: 11/21/2014

Last Buyer's Agent

Christos Celmayster

Hayes Commercial Group License #01342996

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,995

Year Built

  • Built in 1960

Lot Details

  • Back Yard Fenced
  • Property is in good condition

Home Design

  • Slab Foundation

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Laundry Room

Flooring

  • Carpet
  • Tile

Parking

  • 4 Parking Spaces
  • Carport

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

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

Utilities

  • Forced Air Heating System
  • Individual Gas Meter

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 043-122-013

Community Details

Overview

  • 4 Units
  • 15 Or 20 Downtown Subdivision

Building Details

  • Gross Income $74,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,995

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1960
  • Income Expenses Annual Income: 74400.0
  • Gross Rent Multiplier: 17.80
  • Monthly Income: 6200.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Meters Sep Meter Wtr: N
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 1
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 15 or 20 - Downtown
  • Carport Y N: Yes
  • Reso Flooring: Carpet, Tile
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1960
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • Parking Info Carport2: Yes
  • Foundation:Slab: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Laundry Laundry Room2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • HeatingCooling Ceiling Fan(s)3: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Carport, Cpt #5
  • Total Parking Spaces: 4.0

Utilities

  • Heating: Ceiling Fan(s), GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 043-122-013
  • Zoning: R-4

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 74400.0
  • Total Actual Rent: 6200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 21, 2014
Closed on
Jan 1, 2015
Sold by
Alexander George W
Bought by
James M Celmayster Family Trust and Celmayster Diana R
Seller's Agent
John Thyne
Goodwin & Thyne Properties
Buyer's Agent
Christos Celmayster
Hayes Commercial Group
List Price
$1,325,000
Sold Price
$1,120,000
Premium/Discount to List
-$205,000
-15.47%
Current Estimated Value
$2,013,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$893,859
Avg. Annual Appreciation
5.48%
Original Mortgage
$560,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2008
Sold by
Alexander George W
Bought by
Alexander George W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 21, 1998
Sold by
Kerrigan Claire L and Kerrigan Fam Tr 12-1
Bought by
Kerrigan Claire L
Source: Public Records

Range of Values:

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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
James M Celmayster Family Trust $1,120,000 First American Title Company
Alexander George W -- Fidelity National Title Comp
Alexander George W -- Fidelity National Title Comp
Kerrigan Claire L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerrigain Family Trust $399,036
Closed Celmayster James M $560,000
Closed James M Celmayster Family Trust $560,000
Previous Owner Alexander George W $25,000
Previous Owner Alexander George W $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2015 01/09/15 Sold $1,120,000 -15.5% $369 / Sq Ft
11/24/2014 11/24/14 Pending -- -- --
10/10/2014 10/10/14 For Sale $1,325,000 -- $437 / Sq Ft
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 $13,995 $1,346,064 $624,958 $721,106
2023 $13,995 $1,293,796 $600,691 $693,105
2022 $13,505 $1,268,428 $588,913 $679,515
2021 $13,195 $1,243,558 $577,366 $666,192
2020 $13,059 $1,230,808 $571,446 $659,362
2019 $12,831 $1,206,676 $560,242 $646,434
2018 $12,650 $1,183,016 $549,257 $633,759
2017 $12,232 $1,159,821 $538,488 $621,333
2016 $11,966 $1,137,080 $527,930 $609,150
2015 $1,408 $122,350 $39,144 $83,206
2014 $1,387 $119,955 $38,378 $81,577
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 14-3209

Santa Barbara Multiple Listing Service

APN: 043-122-013