NOT LISTED FOR SALE

824 E Montecito St Santa Barbara, CA 93103

Eastside Neighborhood

Estimated Value: $1,212,036 - $1,318,000

2 Beds
2 Baths
962 Sq Ft
$1,304/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,150,000 $1,195 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,824/month

132 Days on Market

Highlights

  • Parking available for a boat
  • Property is near an ocean
  • Ranch Style House
  • Washington Elementary School Rated A
  • Property is near park, public transit, schools, shops, and bus stop
  • Covered Patio or Porch

About This Home

As of June 2024

Opportunity knocks for this rare M-1 zoned property on the Eastside. The property also has grandfathered in residential zoning for the 2bed/2bath home. The large lot & 2 driveways allow for plenty of storage and were used for many years by a local contractor. This property provides multiple possibilities and has the potential to be rezoned to mixed-use with the city. Currently leased for $4800/month until July 31st. Owner would also like to rent back the back storage area for $1200/month. The current rental income offers the next owner plenty of time to plan their remodel. Seller financing available at 6% with sizable down payment. Short distance to East Beach, 101 Freeway access, downtown Santa Barbara, Funk Zone, waterfront and Santa Barbara Bowl!

Last Agent to Sell the Property

David Magid

Village Properties - 1 License #01964710 Listed on: 04/26/2024

Last Buyer's Agent

Tania Martinez

Keller Williams Realty Santa Barbara License #01299477

Keller Williams Realty Santa Barbara

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1924

Lot Details

  • 5,227 Sq Ft Lot
  • Fenced
  • Level Lot
  • Property is in average condition
  • Property is zoned M-1

Home Design

  • Ranch Style House
  • Cottage
  • Fixer Upper
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 962 Sq Ft Home
  • Laminate Flooring
  • Breakfast Area or Nook

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Parking available for a boat
  • RV Access or Parking

Outdoor Features

  • Property is near an ocean
  • Covered Patio or Porch
  • Shed

Location

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

Schools

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

Additional Features

  • Stepless Entry
  • Wall Furnace

Community Details

  • 15 Lower Eastside Subdivision
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 017-042-006

Home Details

Home Type

Single Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1924
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level, Near Public Transit
  • Subdivision Name: 15 - Lower Eastside
  • Architectural Style: Cal Cottage, Ranch
  • Reso Flooring: Laminate
  • Unit Levels: Entry Lvl(No Stairs), Single Story
  • New Construction: No
  • Reso Other Structures: Shed(s)
  • Reso Property Condition: Fixer, Fair, Poor
  • Property Information Year Built2: 1924
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.12
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • LocationTopo Level: Yes
  • Property Information ADU: No
  • Property Information Within City Limits: Yes
  • Style Cal Cottage: Yes
  • Construction Entry Lvl(No Stairs)2: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • GroundsLandscaping Fenced ALL2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Dining Breakfast Area2: Yes
  • Proximity Near Bus: Yes
  • Other Buildings Shed: Yes
  • FlrWdw Coverings Laminate2: Yes
  • Proximity Near Hospital2: Yes
  • Pets Yes: Yes
  • GroundsLandscaping Patio Covered2: Yes
  • Condition Fair2: Yes
  • Condition Fixer2: Yes
  • Foundation Raised: Yes
  • Condition Poor: Yes
  • ParkingGarage RV: Yes
  • ParkingGarage Boat: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Siding
  • Acres: 0.12
  • Topography: Level
  • Exterior Features: Patio Covered, Fenced: ALL
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV, Boat

Utilities

  • Heating: Wall Furnace
  • HeatingYN: Yes
  • Water Source: SB Wtr
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks

Schools

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

Lot Info

  • Parcel #: 017-042-006
  • Zoning: M-1
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2024
Closed on
Jun 5, 2024
Sold by
Ilya Magid Trust and Magid Ilya
Bought by
Gutierrez Ricardo and Uriarte Erica
Seller's Agent
David Magid
Village Properties - 1
Buyer's Agent
Tania Martinez
Keller Williams Realty Santa Barbara
List Price
$1,150,000
Sold Price
$1,150,000
Views
36
Current Estimated Value
$1,222,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,783
Avg. Annual Appreciation
5.86%
Original Mortgage
$700,000
Outstanding Balance
$691,067
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Estimated Equity
$563,692

Purchase Details

Closed on
Apr 16, 2015
Sold by
Magid Ilya
Bought by
Magid Ilya

Purchase Details

Closed on
Jul 31, 2013
Sold by
Magid Ilya and Magid Regina
Bought by
Magid Ilya

Purchase Details

Closed on
Apr 3, 2001
Sold by
Torrez Amelia and Flores Amelia E
Bought by
Magid Ilya and Magid Regina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,000
Interest Rate
7.19%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gutierrez Ricardo $1,150,000 First American Title
Magid Ilya -- None Available
Magid Ilya -- None Available
Magid Ilya -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Ricardo $700,000
Previous Owner Magid Ilya $249,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $1,150,000 0.0% $1,195 / Sq Ft
05/22/2024 05/22/24 Pending -- -- --
04/26/2024 04/26/24 For Sale $1,150,000 0.0% $1,195 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
01/10/2024 01/10/24 For Sale $1,150,000 -- $1,195 / 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 $5,229 $1,173,000 $867,000 $306,000
2023 $5,229 $480,825 $362,074 $118,751
2022 $5,045 $471,398 $354,975 $116,423
2021 $4,928 $462,156 $348,015 $114,141
2020 $4,877 $457,418 $344,447 $112,971
2019 $4,792 $448,450 $337,694 $110,756
2018 $4,724 $439,658 $331,073 $108,585
2017 $4,568 $431,038 $324,582 $106,456
2016 $4,527 $422,587 $318,218 $104,369
2014 -- $408,089 $307,300 $100,789
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    David Magid

    Village Properties - 1

    (805) 451-0402

    3 in this area

    50 Total Sales

    David Magid
    Section Image
  • Tania Martinez

    Buyer's Agent in 2024

    Tania Martinez

    Keller Williams Realty Santa Barbara

    (805) 729-0174

    1 in this area

    48 Total Sales

    Tania Martinez
    Section Image
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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-90

Santa Barbara Multiple Listing Service

APN: 017-042-006

California Santa Barbara County Santa Barbara 93103 Eastside

824 E Montecito St, Santa Barbara, CA

Not Listed for Sale

Detached

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