Seller's Agent in 2022
Ken Switzer
Berkshire Hathaway HomeServices California Properties
(805) 680-4622
4 in this area
103 Total Sales
Estimated Value: $2,692,000 - $9,584,692
Studio
--
Bath
4,771
Sq Ft
$1,287/Sq Ft
Est. Value
Highlights
- Property is near an ocean
- Marble Flooring
- Forced Air Heating System
- Property is near park, public transit, shops, and bus stop
- Fireplace
- Property is in excellent condition
About This Home
As of March 2022The crown jewel of Santa Barbara's waterfront, ''El Palacio De La Reina'' is in the very best of locations - 1 block to the beach and 1 block to State St. Its recent renovation is a passion project masterpiece of authentic architectural restoration and gorgeous modern interiors, at a cost of ~$5.5M. The exquisite Spanish Colonial building is capped by a unique and luxurious owner's residence of nearly 2000 square feet. Each residence has its own exterior entrance, and the 3 smaller apartments are finished with the same high-quality designer touches as the owner's home. Works as income generation for long-term or short-term (currently allowed) beach area rentals, or for guests on-and-off, there are many options for use or investment. Offering Memorandum in Documents, do not disturb tenants
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01245644 Listed on: 10/11/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1937
Lot Details
- 6,098
Home Design
- Raised Foundation
Interior Spaces
- 4,771 Sq Ft Home
- Fireplace
Flooring
- Wood
- Marble
- Tile
Parking
- 4 Parking Spaces
- Open Parking
Schools
- Mckinley Elementary School
- S.B. Jr. Middle School
- S.B. Sr. High School
Additional Features
- Property is near an ocean
- Property is in excellent condition
- Property is near park, public transit, shops, and bus stop
- Forced Air Heating System
Listing and Financial Details
- The owner pays for trash collection, water, gas, electricity, heat
- Assessor Parcel Number 033-073-003
Community Details
Overview
- 4 Units
- 20 West Beach Subdivision
Building Details
- Gross Income $376,800
- Net Operating Income $204,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2022
Sold by
Tracey Casey
Bought by
Casey Robert
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Outstanding Balance
$4,613,474
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$1,524,872
Purchase Details
Listed on
Oct 11, 2021
Closed on
May 4, 2022
Sold by
Alexander Wolf
Bought by
Avocado Lovers Llc
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dusty Baker
Sotheby's International Realty
List Price
$8,800,000
Sold Price
$8,835,000
Premium/Discount to List
$35,000
0.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.81%
Original Mortgage
$5,000,000
Outstanding Balance
$4,613,474
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$1,524,872
Purchase Details
Listed on
Oct 11, 2021
Closed on
Mar 11, 2022
Sold by
103 Chapala Llc
Bought by
Wolf Alexander and Wolf Lilah
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Dusty Baker
Sotheby's International Realty
List Price
$8,800,000
Sold Price
$8,835,000
Premium/Discount to List
$35,000
0.4%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
2.88%
Mortgage Type
New Conventional
Purchase Details
Listed on
Oct 1, 2014
Closed on
Oct 30, 2014
Sold by
St Amand Lisa
Bought by
103 Chapala Llc
Seller's Agent
Ken Switzer
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Kathy Hughes
Coldwell Banker Realty
List Price
$2,195,000
Sold Price
$2,800,000
Premium/Discount to List
$605,000
27.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.95%
Purchase Details
Closed on
Jul 16, 2007
Sold by
Hartigan Sarah F
Bought by
Hartigan Sarah F
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Casey Robert | -- | First American Title | |
| Avocado Lovers Llc | -- | First American Title | |
| Bliss Timothy | -- | First American Title | |
| Wolf Alexander | -- | First American Title | |
| Wolf Alexander | $8,835,000 | First American Title | |
| 103 Chapala Llc | $2,800,000 | First American Title Company | |
| Hartigan Sarah F | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Casey Robert | $5,000,000 | |
| Previous Owner | Avocado Lovers Llc | $5,000,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/15/2022 03/15/22 | Sold | $8,835,000 | +0.4% | $1,852 / Sq Ft | |
| 03/03/2022 03/03/22 | Pending | -- | -- | -- | |
| 10/11/2021 10/11/21 | For Sale | $8,800,000 | +214.3% | $1,844 / Sq Ft | |
| 11/14/2014 11/14/14 | Sold | $2,800,000 | +27.6% | -- | View Prior Sale |
| 10/11/2014 10/11/14 | Pending | -- | -- | -- | |
| 10/01/2014 10/01/14 | For Sale | $2,195,000 | -- | -- |
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 | $97,345 | $9,390,772 | $2,122,416 | $7,268,356 |
| 2023 | $97,345 | $8,835,000 | $2,000,000 | $6,835,000 |
| 2022 | $33,825 | $3,183,447 | $1,642,167 | $1,541,280 |
| 2021 | $33,051 | $3,121,027 | $1,609,968 | $1,511,059 |
| 2020 | $32,711 | $3,089,025 | $1,593,460 | $1,495,565 |
| 2019 | $32,017 | $3,016,692 | $1,562,216 | $1,454,476 |
| 2018 | $31,565 | $2,957,542 | $1,531,585 | $1,425,957 |
| 2017 | $30,523 | $2,899,552 | $1,501,554 | $1,397,998 |
| 2016 | $29,720 | $2,842,699 | $1,472,112 | $1,370,587 |
| 2014 | $2,823 | $263,896 | $84,737 | $179,159 |
Source: Public Records
Agents Affiliated with this Home
-
Ken Switzer
-
Kathy Hughes
Seller Co-Listing Agent in 2022
Kathy Hughes
Berkshire Hathaway HomeServices California Properties
(805) 448-4881
1 in this area
42 Total Sales
-
Dusty Baker
D
Buyer's Agent in 2022
Dusty Baker
Sotheby's International Realty
(805) 570-0102
3 in this area
124 Total Sales
Source: Santa Barbara Multiple Listing Service
MLS Number: 21-3772
APN: 033-073-003
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