NOT LISTED FOR SALE

Estimated Value: $1,407,000 - $1,493,008

6 Beds
1 Bath
1,840 Sq Ft
$792/Sq Ft Est. Value

Last Sold October 24, 2016

Last sale price $775,000 $421 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $8,912/month

122 Days on Market

About This Home

As of October 2016

Unique opportunity to acquire a duplex along the Haley Street Corridor with the potential to develop up to nine (9) apartments under the City of Santa Barbara’s AUD Program. Currently, the property consists of a 4BD/1BA house and an attached studio rental. All tenants are month to month and rents are approximately 20% below market. The adjacent property at 710 Bond is also available for sale.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 03/14/2016

Last Buyer's Agent

Peter Leyva

Wilshire Group License #01831808

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,365

Year Built

  • Built in 1876

Lot Details

  • 6,250 Sq Ft Lot
  • Lot Dimensions are 50' x 125'

Interior Spaces

  • 2-Story Property

Schools

  • Washington Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Community Details

  • 2 Units
  • 15 Lower Eastside Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031-232-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,365

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1876
  • Monthly Income: 3200.0
  • Building Stories: 2
  • Subdivision Name: 15 - Lower Eastside
  • Property Information Year Built2: 1876
  • NeighborhoodSchools Elementary School: Washington
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • Property Information Apx Lot SqFt: 6250.0
  • Property Information Apx Lot Size FxD: 50' x 125'
  • General Property Information Stories2: 2.0
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.14

Schools

  • Elementary School: Washington
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 031-232-016
  • Zoning: C-2
  • Lot Size Sq Ft: 6250.0
  • ResoLotSizeUnits: Apx Lot Size FxD

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 3200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2017
Sold by
Alamar Ii Llc
Bought by
Pini Dario
Current Estimated Value
$1,485,244

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,500
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Mar 14, 2016
Closed on
Oct 7, 2016
Sold by
Angeles Martha Elva and Gutierrez Concepcion
Bought by
Alamar Ll Llc
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Peter Leyva
Wilshire Group
List Price
$825,000
Sold Price
$775,000
Premium/Discount to List
-$50,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Original Mortgage
$10,000,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2004
Sold by
Angeles Martha Elva and Gutierrez Concepcion
Bought by
Angeles Martha Elva and Gutierrez Concepcion

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%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2001
Sold by
Angelus Martha Elva and Gutierrez Concepcion
Bought by
Figueroa Raul Alfonso and Figueroa Corina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,950
Interest Rate
7.5%

Purchase Details

Closed on
Mar 27, 1995
Sold by
Figueroa Ignacio and Figueroa Maria Arcelia
Bought by
Figueroa Raul Alfonso and Figueroa Corina
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
Pini Dario -- Fidelity National Title Co
Alamar Ll Llc $775,000 Fidelity National Title Co
Angeles Martha Elva -- Fidelity National Title Co
Angeles Martha Elva -- Fidelity National Title Co
Figueroa Raul Alfonso -- American Title Co
Figueroa Raul Alfonso $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pini Dario $825,000
Closed Pini Dario $577,500
Previous Owner Alamar Ii Llc $10,000,000
Previous Owner Alamar Ll Llc $10,000,000
Previous Owner Angeles Martha Elva $400,000
Previous Owner Figueroa Raul Alfonso $313,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/24/2016 10/24/16 Sold $775,000 -6.1% $421 / Sq Ft
07/14/2016 07/14/16 Pending -- -- --
03/14/2016 03/14/16 For Sale $825,000 -- $448 / 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 $9,365 $899,447 $522,260 $377,187
2023 $9,365 $864,523 $501,981 $362,542
2022 $9,036 $847,573 $492,139 $355,434
2021 $8,828 $830,955 $482,490 $348,465
2020 $8,737 $822,435 $477,543 $344,892
2019 $8,585 $806,310 $468,180 $338,130
2018 $8,463 $790,500 $459,000 $331,500
2017 $8,184 $775,000 $450,000 $325,000
2016 $1,555 $137,126 $102,973 $34,153
2014 $1,515 $132,423 $99,441 $32,982
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 16-805

Santa Barbara Multiple Listing Service

APN: 031-232-016