NOT LISTED FOR SALE

7376 Chapman Place Goleta, CA 93117

Estimated Value: $1,713,693 - $2,556,000

-- Bed
-- Bath
-- Sq Ft
6,969 Sq Ft Lot

Last Sold May 22, 2012

Last sale price $835,000

Est. 141% increase in value since last sale

Current estimated payment $12,254/month

53 Days on Market

Highlights

  • Property is near an ocean
  • Property is near a park
  • Tennis Courts
  • Ellwood Elementary School Rated A-
  • Community Pool
  • Fireplace

About This Home

As of May 2012

Total renovation just completed on this University Village duplex! Owner occupant plus income, dual living, or investment. Largest floor plan - Unit A is 3/1.5, Unit B is 3/2 with one bedroom downstairs. Nice back yard, private front yards. Each has own laundry room, shared two car garage. Close to UCSB, beach, shopping. HOA has pool, tennis, clubhouse.

Last Agent to Sell the Property

Julie Ouellette

Century 21 Masters License #00974906 Listed on: 02/24/2012

Century 21 Masters

Last Buyer's Agent

Staci Caplan

RE/MAX Santa Barbara

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,735

Year Built

  • Built in 1970

Lot Details

  • 6,969 Sq Ft Lot
  • Fenced
  • Property is in excellent condition

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2-Story Property
  • Fireplace
  • Laundry Room

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl Plank

Outdoor Features

  • Property is near an ocean

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

  • Ellwood Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Utilities

  • Forced Air Heating System
  • Shared Gas Meter
  • Individual Gas Meter

Listing and Financial Details

  • Assessor Parcel Number 073-222-002

Community Details

Overview

  • 2 Units
  • 30 University Village Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Building Details

  • New Taxes Expense $9,450
  • Operating Expense $16,300
  • Gross Income $60,000
  • Net Operating Income $43,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,735

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1970
  • Income Expenses Annual Income: 60000.0
  • Capitalization Rate: 5.08
  • Gross Rent Multiplier: 14.31
  • Annual Expenses: 16300.0
  • Monthly Income: 5000.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 2.0
  • Building Stories: 2
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Subdivision Name: 30 - University Village
  • Reso Flooring: Carpet, Tile, Wood/Laminate
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1970
  • Property Information Apx # Acres: 0.16
  • NeighborhoodSchools Elementary School: Ellwood
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • Condition Excellent: Yes
  • Proximity Near Ocean2: 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
  • Property Information Apx Lot SqFt: 6969.0
  • Proximity Near Bus: Yes
  • Amenities Fncd All: Yes
  • FlrWdw Coverings Carpet: Yes
  • FlrWdw Coverings WoodLaminate2: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Gar #24: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Disposal2: Yes
  • Amenities Microwave2: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • Assessor's Data Assessor Lot Acres: 0.16
  • IncomeExpenses Taxes6: 9450.0
  • Amenities Elec Stove: Yes
  • IncomeExpenses NOI2: 43,700
  • Amenities Tennis Ct: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.16
  • Foundation Details: Mixed

Garage/Parking

  • Parking Features: Gar #2, Attached
  • Total Parking Spaces: 2.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Association/Amenities

  • Fireplace: Yes
  • Community Amenities:Pool2: Yes

Schools

  • Elementary School: Ellwood
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 073-222-002
  • Zoning: R-2
  • Lot Size Sq Ft: 6969.0

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 60000.0
  • Annual Operating Expense: 16300.0
  • Total Actual Rent: 5000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 1, 2015
Sold by
Merritt James E and Merritt Kelly P
Bought by
Merritt Family Trust and Merritt Kelly P
Total Days on Market
53
Current Estimated Value
$2,016,423

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Outstanding Balance
$396,063
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$1,620,360

Purchase Details

Closed on
May 23, 2014
Sold by
Merritt James E and Merritt Kelly P
Bought by
Merritt James E and Merritt Kelly P

Purchase Details

Listed on
Feb 24, 2012
Closed on
May 10, 2012
Sold by
Shepherd Richard Steven
Bought by
Merritt Jaems E and Merritt Kelly P
Seller's Agent
Julie Ouellette
Century 21 Masters
Buyer's Agent
Staci Caplan
RE/MAX Santa Barbara
List Price
$859,000
Sold Price
$835,000
Premium/Discount to List
-$24,000
-2.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%
Original Mortgage
$533,850
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2011
Sold by
Moua Touyer
Bought by
Shepherd Richard Steven

Purchase Details

Closed on
Jun 6, 2005
Sold by
Moua Kalia V
Bought by
Moua Touyer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 19, 2003
Sold by
Moua Shaw Teng and Moua Touyer
Bought by
Moua Touyer and Moua Kalia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$469,500
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 9, 2001
Sold by
University Of Southern California
Bought by
Moua Shaw Teng and Moua Touyer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$468,800
Interest Rate
7.06%

Purchase Details

Closed on
Dec 13, 2000
Sold by
Irwin Fam Tr 1/14/98 Irwin Willard E & Patric
Bought by
University Of Southern California

Purchase Details

Closed on
Jan 14, 1998
Sold by
Irwin Willard E and Irwin Patricia J
Bought by
Irwin Willard E and Irwin Patricia J
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
Merritt Family Trust -- Wfg National Title Ins Co
Merritt James E -- Wfg National Title
Merritt James E -- None Available
Merritt Jaems E $835,000 Fidelity National Title Co
Shepherd Richard Steven $195,000 Stewart Title Of California
Moua Touyer -- Lawyers Title Co
Moua Touyer -- Fidelity National Title Co
Moua Shaw Teng -- Chicago Title Co
University Of Southern California -- --
Irwin Willard E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merritt James E $509,000
Closed Merritt Jaems E $533,850
Previous Owner Moua Touyer $270,000
Previous Owner Moua Touyer $200,000
Previous Owner Moua Touyer $99,900
Previous Owner Moua Touyer $469,500
Previous Owner Moua Touyer $469,500
Previous Owner Moua Shaw Teng $468,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2012 05/22/12 Sold $835,000 -2.8% --
04/16/2012 04/16/12 Pending -- -- --
02/23/2012 02/23/12 For Sale $859,000 -- --
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
2023 $11,735 $1,008,069 $507,053 $501,016
2022 $11,118 $988,304 $497,111 $491,193
2021 $10,939 $968,926 $487,364 $481,562
2020 $10,657 $958,992 $482,367 $476,625
2019 $10,468 $940,189 $472,909 $467,280
2018 $10,277 $921,755 $463,637 $458,118
2017 $10,116 $903,683 $454,547 $449,136
2016 $9,839 $885,965 $445,635 $440,330
2015 $9,692 $872,658 $438,942 $433,716
2014 $9,510 $855,565 $430,344 $425,221
Source: Public Records

Agents Affiliated with this Home

  • Julie Ouellette

    Seller's Agent in 2012

    Julie Ouellette

    Century 21 Masters

    (805) 895-1421

    1 in this area

    52 Total Sales

    Julie Ouellette
    Section Image

  • S

    Buyer's Agent in 2012

    Staci Caplan

    RE/MAX Santa Barbara

  • s

    Buyer's Agent in 2012

    sbr.rets.9092

    sbr.rets.RETS_OFFICE

  • M

    Buyer Co-Listing Agent in 2012

    Michael Humphrey

    Berkshire Hathaway HomeServices California Properties

See All Agents

Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 12-644

Santa Barbara Multiple Listing Service

APN: 073-222-002

California Santa Barbara County Goleta 93117

7376 Chapman Place, Goleta, CA

This home is located at 7376 Chapman Place, Goleta, CA 93117 since 24 February 2012 and is currently estimated at $2,016,423. This property was built in 1970. 7376 Chapman Place 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.

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