NOT LISTED FOR SALE

Estimated Value: $1,767,000 - $2,720,000

4 Beds
3 Baths
1,734 Sq Ft
$1,232/Sq Ft Est. Value

Sale Details

Date Sold: June 17, 2015

Last sale price $1,340,000 $773 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $13,455 / mo

41 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Garage
  • San Marcos Senior High School Rated A-
  • Cottage
  • Property is in excellent condition

About This Home

As of June 2015

Welcome to the Camellia Cottages! This charming and lovingly maintained 1930s cottage-style triplex is located in a quiet, central location close to Cottage Hospital and Oak Park. ONE 2 bed/1 bath unit plus TWO 1 bed/1 bath units, each with its own private yard, and each with one off-street parking space, PLUS a 3-car garage. This lovely property was extensively renovated in 2006 with new electrical, plumbing, insulation, drywall, on-demand water heaters, washing machines, and kitchen appliances. All original windows and doors were carefully refurbished by master craftsmen. These light and airy units all have high quality fixtures and finishes, maintaining the aspects and appeal of a bygone era, including tile countertops in kitchens, tile flooring in baths, and gorgeous original oak hardwood floors. Amazing investment opportunity with 3 units as long term leases or possible short term/vacation rentals. Possible development opportunity since owners designed the units for eventual condo conversion. Gas and electricity are separately metered.

Last Agent to Sell the Property

Randy Freed & Kellie Clenet

Berkshire Hathaway HomeServices California Properties Listed on: 04/07/2015

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Randy Freed & Kellie Clenet

Berkshire Hathaway HomeServices California Properties Listed on: 04/07/2015

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1937

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot
  • Property is in excellent condition
  • Property is zoned R-3

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,734 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Uncovered Parking

Outdoor Features

  • Property is near an ocean

Location

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

Schools

  • Adams Elementary School
  • Lacumbre Middle School
  • San Marcos High School

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 025-171-035

Home Details

Home Type

Single Family

Year Built

Built in 1937

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Year Built: 1937
  • Reso Property Sub Type: Home/Estate
  • ResoLotFeatures: Level, Near Public Transit
  • Architectural Style: Cal Cottage
  • Garage Yn: Yes
  • Unit Levels: Single Story, Two
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1937
  • Property Information Total #Units: 3
  • Property Information Apx # Acres: 0.15
  • NeighborhoodSchools Elementary School: Adams
  • NeighborhoodSchools Junior High School: LaCumbre
  • NeighborhoodSchools High School: San Marcos
  • LocationTopo Level: Yes
  • Property Information Within City Limits: Yes
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • Exterior Wood Siding: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Construction Two Story2: Yes
  • ParkingGarage Gar #33: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • Proximity Near Hospital2: Yes
  • Foundation Raised: Yes
  • ParkingGarage Unc #33: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 4

Exterior Features

  • Roof: Composition
  • Construction Type: Wood Siding
  • Acres: 0.15
  • Topography: Level
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Parking Features: Gar #3, Unc #3

Schools

  • Elementary School: Adams
  • High School: San Marcos
  • Middle Or Junior School: LaCumbre

Lot Info

  • Parcel #: 025-171-035
  • Zoning: R-3
  • Lot Size Sq Ft: 6534.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 11, 2015
Sold by
Clarke Patricia and Olson Donald D
Bought by
The Abbe & Helene Kingston Revocable Tru and Kingstgon Helene G
Seller's Agent
Randy Freed & Kellie Clenet
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Randy Freed & Kellie Clenet
Berkshire Hathaway HomeServices California Properties
List Price
$1,495,000
Sold Price
$1,340,000
Premium/Discount to List
-$155,000
-10.37%
Current Estimated Value
$2,256,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$916,935
Avg. Annual Appreciation
4.41%

Purchase Details

Closed on
Dec 30, 2009
Sold by
Olson Donald D and Franco Nancy M
Bought by
Clarke Patricia and Olson Donald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$645,300
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2005
Sold by
Wright Gisela R
Bought by
Clarke Patricia and Olson Donald D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
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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
The Abbe & Helene Kingston Revocable Tru $1,340,000 Fidelity National Title Co
Clarke Patricia -- First American Title Company
Olson Donald D -- First American Title Company
Clarke Patricia -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olson Donald D $645,300
Previous Owner Clarke Patricia $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2015 06/17/15 Sold $1,340,000 -10.4% $773 / Sq Ft
05/18/2015 05/18/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $1,495,000 -- $862 / Sq Ft
Source: Santa Barbara Multiple Listing Service

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 $16,734 $1,610,470 $889,364 $721,106
2023 $16,734 $1,547,935 $854,830 $693,105
2022 $16,149 $1,517,584 $838,069 $679,515
2021 $15,778 $1,487,829 $821,637 $666,192
2020 $15,616 $1,472,575 $813,213 $659,362
2019 $15,344 $1,443,702 $797,268 $646,434
2018 $15,127 $1,415,395 $781,636 $633,759
2017 $14,628 $1,387,643 $766,310 $621,333
2016 $14,291 $1,360,435 $751,285 $609,150
2015 $10,330 $976,000 $700,000 $276,000
2014 -- $957,000 $686,000 $271,000
Source: Public Records

Agents Affiliated with this Home

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Source: Santa Barbara Multiple Listing Service

MLS Number: 15-1091

Santa Barbara Multiple Listing Service

APN: 025-171-035

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