NOT LISTED FOR SALE

Estimated Value: $499,919 - $697,000

1 Bed
1 Bath
699 Sq Ft
$865/Sq Ft Est. Value

Last Sold January 15, 2016

Last sale price $395,000 $565 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,719/month

6 Days on Market

Highlights

  • Property is near a park
  • 1-Story Property
  • 1-minute walk to Buena Vista Park
  • 3 Car Garage

About This Home

As of January 2016

Fully rented, well-maintained triplex consisting of three 700 SF 1BD/1BA units. Each unit has a similar floor plan, featuring a kitchen/dining area, large living room with bay window, laundry room, attached one-car garage, and a private outdoor garden/patio area. Market rent for the units should be $1,150.

Last Agent to Sell the Property

Christos Celmayster

Hayes Commercial Group License #01342996 Listed on: 12/04/2015

Last Buyer's Agent

Christos Celmayster

Pacifica Commercial Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,058

Year Built

  • Built in 1949

Lot Details

  • 7,405 Sq Ft Lot
  • Property is in good condition

Parking

  • 3 Car Garage

Interior Spaces

  • 1-Story Property

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

Listing and Financial Details

  • Assessor Parcel Number 123-182-017

Community Details

Overview

  • 3 Units

Building Details

  • Operating Expense $12,276
  • Gross Income $32,460
  • Net Operating Income $19,210

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,058

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1949
  • Income Expenses Annual Income: 32460.0
  • Capitalization Rate: 4.86
  • Gross Rent Multiplier: 12.17
  • Annual Expenses: 12276.0
  • Monthly Expense: 1023.0
  • Monthly Income: 2705.0
  • Meters Sep Meter Elec: N
  • Meters Sep Meter Gas: No
  • Miscellaneous Parking Spaces: 3.0
  • Building Stories: 1
  • ResoLotFeatures: Near Public Transit
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1949
  • NeighborhoodSchools Elementary School: Other
  • NeighborhoodSchools Junior High School: Other
  • NeighborhoodSchools High School: Other
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 7405.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • General Property Information Stories2: 1.0
  • Parking Info Garages: Yes
  • Income Expenses Actual: Yes
  • IncomeExpenses NOI2: 19210
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Acres: 0.17

Garage/Parking

  • Parking Features: Garages
  • Total Parking Spaces: 3.0

Schools

  • Elementary School: Other
  • High School: Other
  • Middle Or Junior School: Other

Lot Info

  • Parcel #: 123-182-017
  • Zoning: R-3
  • Lot Size Sq Ft: 7405.0

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 32460.0
  • Annual Operating Expense: 12276.0
  • Total Actual Rent: 2705.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2015
Closed on
Jan 7, 2016
Sold by
Carr Deanna
Bought by
Carr Paul A
Seller's Agent
Christos Celmayster
Hayes Commercial Group
Buyer's Agent
Christos Celmayster
Pacifica Commercial Realty
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$604,980

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,980
Avg. Annual Appreciation
4.59%
Original Mortgage
$197,500
Outstanding Balance
$157,607
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$450,318

Purchase Details

Closed on
Jan 23, 2011
Sold by
Ziegler David L and Ziegler Cathy L
Bought by
Karman Timothy and Karman Yvette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 16, 2008
Sold by
Ziegler David L and Ziegler Cathy L
Bought by
Ziegler David L and Ziegler Cathy L

Purchase Details

Closed on
Sep 7, 2000
Sold by
Tucker Gordon George and Tucker Adrienne Pimentel
Bought by
Ziegler David L and Ziegler Cathy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
8.78%
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
Carr Paul A -- Fidelity National Title Co
Carr Paul A $395,000 Fidelity National Title Co
Karman Timothy $250,000 Fidelity National Title Co
Ziegler David L -- None Available
Ziegler David L $185,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carr Paul A $197,500
Previous Owner Karman Timothy $50,000
Previous Owner Karman Timothy $175,000
Previous Owner Ziegler David $392,000
Previous Owner Ziegler David L $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2016 01/15/16 Sold $395,000 0.0% $565 / Sq Ft
12/10/2015 12/10/15 Pending -- -- --
12/04/2015 12/04/15 For Sale $395,000 -- $565 / 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 $5,058 $467,591 $177,566 $290,025
2023 $5,058 $449,436 $170,672 $278,764
2022 $4,886 $440,625 $167,326 $273,299
2021 $4,757 $431,987 $164,046 $267,941
2020 $4,751 $427,558 $162,364 $265,194
2019 $4,697 $419,176 $159,181 $259,995
2018 $4,639 $410,958 $156,060 $254,898
2017 $4,587 $402,900 $153,000 $249,900
2016 $3,016 $270,562 $129,869 $140,693
2015 $2,885 $259,000 $124,000 $135,000
2014 $2,560 $236,000 $113,000 $123,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Santa Barbara Multiple Listing Service

MLS Number: 15-3874

Santa Barbara Multiple Listing Service

APN: 123-182-017