$13,500,000
SOLD JUL 2, 2024

7336 Lowell Way Goleta, CA 93117

11 Beds
6 Baths
-- Sq Ft
1.6 Acres

Recently Sold

137 Days on Market

Highlights

  • 1.6 Acre Lot
  • Community Pool
  • Fireplace
  • Ellwood Elementary School Rated A-
  • Tennis Courts
  • Laundry Room

About This Home

As of March 2024

Unique opportunity to own a portfolio of Towbes-built duplexes in highly sought-after Goleta locations, each with the added potential for an ADU (Accessory Dwelling Unit). These spacious, well-maintained townhouse-style duplexes offer an ideal investment potential attracting families, tech employees, and UCSB students. All properties in this portfolio boast new windows and roofs ensuring worry- free ownership and minimal maintenance for a future owner. An additional opportunity exists in acquiring this portfolio at a lower price per duplex compared to recent sale comps, along with the potential to sell off individual properties in the future. Please contact listing agent for additional information.

Last Agent to Sell the Property

Jon Standring

Beachside Partners Brokerage Email: jon@beachsidepartners.com License #01893163 Listed on: 02/16/2024

Last Buyer's Agent

Non Non Member

Unknown Office

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,635

Year Built

  • Built in 1975 | Remodeled

Lot Details

  • 1.6 Acre Lot
  • No Common Walls
  • Wood Fence
  • No Sprinklers

HOA Fees

  • $43 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Public Parking
  • Parking Available
  • Single Garage Door
  • Driveway

Home Design

  • Slab Foundation

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Laundry Room

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • Central Heating
  • 220 Volts

Listing and Financial Details

  • Tax Tract Number 29
  • Assessor Parcel Number 073221006

Community Details

Overview

  • 8 Buildings
  • Second University Village HOA, Phone Number (805) 562-8482
  • Team HOA

Recreation

  • Tennis Courts
  • Community Pool

Building Details

  • 16 Leased Units
  • Rent Control
  • 16 Separate Electric Meters
  • 16 Separate Gas Meters
  • 8 Separate Water Meters
  • Insurance Expense $24,000
  • Water Sewer Expense $20,000
  • Operating Expense $249,744
  • Gross Income $764,712
  • Net Operating Income $510,479

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,635

Year Built

Built in 1975 | Remodeled

Lot Details

0

HOA Fees

$43 per month

Parking

2

Listing Details

  • Assessments: No
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Not Applicable
  • View: No
  • Water Sewer Expenses: 20000.00
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 073221006
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Laminate
  • Appliances: Yes
  • Levels: Two

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage - Single Door, Driveway, Public
  • Total Parking Spaces: 4.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Electric: 220 Volts
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Tennis Court(s), Pool
  • Association Fee: 515.00
  • Association Fee Frequency: Annually
  • Association Name: Second University Village HOA
  • Phone: (805) 562-8482
  • Senior Community: No
  • Community Features: Sidewalks
  • Association Management 2: Team HOA

Lot Info

  • Land Lease: No
  • Lot Features: Sprinklers None
  • Lot Size Sq Ft: 69696.00
  • Lot Size Acres: 1.6000

Multi Family

  • Gross Income: 764712.00
  • Gross Scheduled Income: 764712.00
  • Insurance Expense: 24000.00
  • Lot Size Area: 1.6000 Acres
  • Net Operating Income: 510479.00
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 8
  • Number Of Units Leased: 16
  • Operating Expense: 249744.00
  • Rent Control: Yes
  • Total Expenses: 249744.00

Tax Info

  • Tax Tract: 10670
  • Tax Tract Number: 29.35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 19, 2024
Sold by
Tagole Llc
Bought by
Bruce J And Renee J Christensen Living Trust and Christensen
Seller's Agent
Jon Standring
Beachside Partners
Buyer's Agent
Diana Lippert
RE/MAX Santa Barbara
List Price
$1,675,000
Sold Price
$1,715,000
Premium/Discount to List
$40,000
2.39%
Total Days on Market
137
Views
44
Current Estimated Value
$1,710,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,757
Avg. Annual Appreciation
-0.23%
Original Mortgage
$1,286,250
Outstanding Balance
$1,272,594
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$437,649

Purchase Details

Closed on
Dec 16, 2005
Sold by
Abramson Kenin S
Bought by
Tagole Llc

Purchase Details

Closed on
Dec 11, 1995
Sold by
Abramson Allen and Abramson Kenin
Bought by
Abramson Allen S and Abramson Kenin S

Purchase Details

Closed on
Dec 5, 1995
Sold by
Towbes Michael
Bought by
Abramson Allen and Abramson Kenin
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 Type Sale Price Title Company
Grant Deed $1,715,000 Fidelity National Title Compan
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title
Grant Deed $47,500 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,286,250 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2024 03/27/24 Sold $1,715,000 +2.4% --
03/18/2024 03/18/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $1,675,000 -- --
Source: Ventura County Regional Data Share

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
2023 $2,635 $156,990 $29,662 $127,328
2022 $2,323 $154,109 $29,081 $125,028
2021 $2,292 $151,284 $28,511 $122,773
2020 $2,248 $149,836 $28,219 $121,617
2019 $2,219 $147,095 $27,666 $119,429
2018 $2,188 $144,408 $27,124 $117,284
2017 $2,163 $141,774 $26,593 $115,181
2016 $2,119 $139,191 $26,072 $113,119
2015 $2,061 $137,252 $25,681 $111,571
2014 -- $124,760 $25,178 $99,582
Source: Public Records

Agents Affiliated with this Home

  • Jon Standring

    Seller's Agent in 2024

    Jon Standring

    Beachside Partners

    (805) 705-7311

    14 in this area

    57 Total Sales

    Jon Standring
    Section Image

  • D

    Buyer's Agent in 2024

    Diana Lippert

    RE/MAX Santa Barbara

See All Agents

Map

Source: Ventura County Regional Data Share

MLS Number: V1-22019

Ventura County Regional Data Share

APN: 073-221-006

California Santa Barbara County Goleta 93117

7336 Lowell Way, Goleta, CA

This home is located at 7336 Lowell Way, Goleta, CA 93117 and is currently priced at $13,500,000. This property was built in 1975. 7336 Lowell Way is a home located in Santa Barbara County with nearby schools including Ellwood Elementary School, Goleta Valley Junior High School, and Dos Pueblos Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Ventura County Regional Data Share IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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