NOT LISTED FOR SALE

Estimated Value: $2,597,000 - $3,513,721

Studio
-- Bath
1,609 Sq Ft
$1,999/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $2,040,000 $1,268 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $18,823/month

91 Days on Market

Highlights

  • Deck
  • Property is near park, public transit, schools, shops, and bus stop
  • 3 Car Attached Garage
  • Franklin Elementary School Rated A-
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of April 2019

Great investment opportunity or owner/occupant property purchase with income, right on the border of Santa Barbara's American Riviera. This offering includes a 3bed/2bath 2-story Victorian home built in 2002 and a 2-story duplex with generous living quarters and kitchens, built in 1887; both units in the duplex are single level. Wonderful ocean views can be seen from the second floor balcony of the Victorian home and also from the spacial upstairs 1bed/1bath unit in the duplex.

This charming property is a great opportunity for parents of college students or investors looking to make their first investment in an area with very strong rents and little to no vacancy! The Victorian home has an attached single car garage and a covered parking space. The bottom floor of the duplex is a 2bed/1bath with a private back patio; both duplex units enjoy a 1-car garage. Some recent property upgrades include a new sewer lateral. You can tell from the video how much the tenants love living in this property! Rents are currently moderate.

Last Agent to Sell the Property

Jan Finley

Sotheby's International Realty Listed on: 12/13/2018

Co-Listed By

Wendy Carpenter

Sotheby's International Realty License #01914255

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 6,969 Sq Ft Lot
  • Back Yard Fenced
  • Property is in average condition

Parking

  • 3 Car Attached Garage
  • 1 Carport Space

Interior Spaces

  • 1,609 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Carpet
  • Tile

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Individual Gas Meter

Additional Features

  • Deck
  • Property is near park, public transit, schools, shops, and bus stop

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 029-251-006

Community Details

Overview

  • 3 Units
  • 15 Upper Eastside Subdivision

Building Details

  • Gross Income $98,400

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Parking

3

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2002
  • Income Expenses Annual Income: 98400.0
  • Monthly Income: 8200.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Gas: Yes
  • Miscellaneous Parking Spaces: 4.0
  • Building Stories: 2
  • ResoLotFeatures: Near Public Transit
  • Co List Office Mls Id: sir08
  • Co List Office Phone: 805-688-4200
  • Subdivision Name: 15 - Upper Eastside
  • Reso Flooring: Carpet, Hardwood, Tile
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 2002
  • NeighborhoodSchools Elementary School: Franklin
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 1.0
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Property Information Main House SqFt: 1609.0
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 6969.0
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • General Property Information Stories2: 2.0
  • Parking Info Garages: Yes
  • Amenities Deck2: Yes
  • Amenities Fncd Back: Yes
  • HeatingCooling GFA: Yes
  • Parking Info Attached6: Yes
  • Condition Average2: Yes
  • Parking Info Gar #35: Yes
  • Amenities Fncd Prt: Yes
  • Parking Info Total # Garage Spaces2: 3.0
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Exterior Features

  • Acres: 0.16
  • Foundation Details: Mixed

Garage/Parking

  • Garage Spaces: 3.0
  • Parking Features: Garages, Carport, Gar #3, Attached
  • Total Parking Spaces: 4.0

Utilities

  • Heating: GFA
  • HeatingYN: Yes

Schools

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

Lot Info

  • Parcel #: 029-251-006
  • Zoning: R-3
  • Lot Size Sq Ft: 6969.0

Rental Info

  • Owner Pays: Other, Trash Collection, Water

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 98400.0
  • Total Actual Rent: 8200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2018
Closed on
Apr 8, 2019
Sold by
Hall Tena Tanory and John F Tanory Revocable Living
Bought by
Downtown Dog Llc
Seller's Agent
Jan Finley
Sotheby's International Realty
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$2,295,999
Sold Price
$2,040,000
Premium/Discount to List
-$255,999
-11.15%
Current Estimated Value
$3,223,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,183,160
Avg. Annual Appreciation
6.98%

Purchase Details

Closed on
Aug 23, 2016
Sold by
Lin Herling and Lin Herling
Bought by
Lin Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
3.43%

Purchase Details

Closed on
Jun 12, 2012
Sold by
Taonry John F
Bought by
Taonry John F

Purchase Details

Closed on
Feb 24, 2012
Sold by
The Bank Of New York Mellon
Bought by
Tanory John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$713,250
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2010
Sold by
Cometa Danny E and Cometa Nona D
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 2, 2006
Sold by
Cometa Nona D
Bought by
Cometa Danny E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2006
Sold by
Edmonds Gordon and Edmonds Stacy
Bought by
Cometa Danny E and Cometa Nona D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,280,000
Interest Rate
7.62%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Feb 28, 2001
Sold by
Calbow Terrence R and Calbow Melinda H
Bought by
Koonce Family Enterprises Lp

Purchase Details

Closed on
Jun 24, 1997
Sold by
Reyes Josefina G
Bought by
Calbow Terrence R and Calbow Melina H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,400
Interest Rate
6.37%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Downtown Dog Llc $2,040,000 Fidelity National Title Co
Lin Co Llc -- --
Taonry John F -- None Available
Tanory John F $951,000 Servicelink
The Bank Of New York Mellon $1,165,500 Landsafe Default Inc
Cometa Danny E -- Fidelity National Title Co
Cometa Danny E -- Fidelity National Title Co
Koonce Family Enterprises Lp -- Equity Title Company
Calbow Terrence R $295,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lin Co Llc --
Previous Owner Tanory John F $713,250
Previous Owner Cometa Danny E $150,000
Previous Owner Cometa Danny E $1,280,000
Previous Owner Calbow Terrence R $265,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $2,040,000 -11.1% $1,268 / Sq Ft
03/13/2019 03/13/19 Pending -- -- --
12/12/2018 12/12/18 For Sale $2,295,999 -- $1,427 / 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 $23,626 $2,275,653 $976,076 $1,299,577
2023 $23,626 $2,187,289 $938,175 $1,249,114
2022 $22,800 $2,144,402 $919,780 $1,224,622
2021 $22,278 $2,102,356 $901,746 $1,200,610
2020 $22,048 $2,080,800 $892,500 $1,188,300
2019 $11,408 $1,072,404 $495,653 $576,751
2018 $11,247 $1,051,378 $485,935 $565,443
2017 $10,875 $1,030,763 $476,407 $554,356
2016 $10,633 $1,009,047 $466,856 $542,191
2014 $10,345 $974,423 $450,837 $523,586
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 18-4292

Santa Barbara Multiple Listing Service

APN: 029-251-006