NOT LISTED FOR SALE

Estimated Value: $636,000 - $686,975

2 Beds
2 Baths
1,250 Sq Ft
$532/Sq Ft Est. Value

Last Sold July 29, 2021

Last sale price $492,000 $394 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,963/month

84 Days on Market

Highlights

  • 0.35 Acre Lot
  • Double Pane Windows
  • Level Lot
  • Fenced Yard
  • Garage
  • 1-Story Property

About This Home

As of July 2021

Back on the market at no fault to the seller.If you're looking for a great investment property, you've found it! Both units have active tenants. Unit A is on a 1 year lease beginning 7/16/20 and Unit B is month to month. Both units are on 1 meter. (Monthly statement available upon request)This property has proven to be a great investment, but also has potential to be so much more!

Last Agent to Sell the Property

Queenie Ferkel

CHAMPION Real Estate License #02090991 Listed on: 03/05/2021

Last Buyer's Agent

Eduardo Robles

Central Coast Realty Group SM

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.35 Acre Lot
  • Fenced Yard
  • Level Lot

Parking

  • Garage

Home Design

  • Raised Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,250 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Wall Furnace
  • Individual Gas Meter
  • Separate Water Meter
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units
  • Net Operating Income $9,841

Listing and Financial Details

  • Tenant pays for trash collection, water
  • The owner pays for electricity, gas
  • Assessor Parcel Number 119-122-009

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • FILLACRES: 0.35
  • Directions To Property: From 101 S - Exit main, Turn Left. Right on Broadway. Left on W. El Camino. Right on N Oakley.From 101 N - Exit Donovan, Turn Right. Left on Broadway. Right on W. Alvin. Left on N. Oakley.
  • Listing Member Name: Christina Marie Ferkel
  • Listing Office Short Id: 2691
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 15245.00
  • Major Area: 13 - SM Northwest
  • Open House Office I D: 20170308161102823087000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 9452
  • Selling Office Short Id: osm00314
  • Building Stories: 1
  • Tract Suffix: Avenue
  • OFFICELIST_ZIP4: 3543
  • Unit Levels: One
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Sidewalks, Street Lights, Telephone
  • Landlord Pays: Electricity, Gas, Other
  • Studio Full Bathrooms: 2
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Year Built Exception: Unknown
  • Total Bedrooms: 2
  • Interior Amenities: Dual Pn Windows
  • Laundry: Washer/Dryer Hookup

Exterior Features

  • Exterior: Stucco
  • Exterior Features: Fenced Yard
  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking: 1 - 5, Garage

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Hot Water: Public
  • Separate Meters: Gas, Water

Lot Info

  • Lot Characteristics: Level
  • Zoning Description: Duplex/Triplex

Rental Info

  • Sub Lease: Yes
  • Tenant Pays: Trash Collection, Water
  • Lease Term: Year Lease

Tax Info

  • Assessor Parcel Number: 119-122-009

Multi Family

  • Income And Expenses Net Operating Income: 9841.00
  • Annual Operating Expense: Electricity, Gas, Management
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Jun 9, 2021
Sold by
Ferkel Jason and Ferkel Christina
Bought by
Castillo Valdez Bryan and Zepeda Savannah S
Seller's Agent
Queenie Ferkel
CHAMPION Real Estate
Buyer's Agent
Eduardo Robles
Central Coast Realty Group SM
Sold Price
$492,000
Current Estimated Value
$664,744

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,744
Avg. Annual Appreciation
7.05%
Original Mortgage
$490,943
Interest Rate
2.93%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 8, 2013
Sold by
Floyd Charles Wayne and Floyd Elaine A
Bought by
Chambers Robbie and Chambers Diane

Purchase Details

Closed on
Apr 27, 2012
Sold by
Floyd Charles Wayne
Bought by
Floyd Charles Wayne and Floyd Elaine A

Purchase Details

Closed on
Jul 25, 2006
Sold by
Floyd Charles W
Bought by
Floyd Charles
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
Castillo Valdez Bryan $500,000 Fidelity National Title Co
Chambers Robbie $75,000 Fidelity National Title Co
Floyd Charles Wayne -- Fidelity National Title Co
Floyd Charles Wayne -- None Available
Floyd Charles -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Castillo Valdez Bryan $490,943
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2021 07/29/21 Sold $492,000 -- $394 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $5,756 $530,604 $265,302 $265,302
2023 $5,756 $510,000 $255,000 $255,000
2022 $5,552 $500,000 $250,000 $250,000
2021 $1,802 $161,713 $115,511 $46,202
2020 $1,800 $160,056 $114,327 $45,729
2019 $1,780 $156,919 $112,086 $44,833
2018 $1,758 $153,843 $109,889 $43,954
2017 $1,737 $150,828 $107,735 $43,093
2016 $1,663 $147,872 $105,623 $42,249
2014 $1,561 $142,800 $102,000 $40,800
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 21000509

North Santa Barbara County Regional MLS

APN: 119-122-009