NOT LISTED FOR SALE

Goleta, CA 93117

Estimated Value: $1,973,000 - $2,540,000

5 Beds
4 Baths
2,707 Sq Ft
$817/Sq Ft Est. Value

Last Sold March 14, 2019

Last sale price $1,525,000 $563 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $13,249/month

531 Days on Market

Highlights

  • Property is near an ocean
  • Property is near park, public transit, schools, shops, and bus stop
  • Tile Flooring
  • Isla Vista Elementary School Rated A
  • Patio
  • 2-minute walk to Window to the Sea Park

About This Home

As of March 2019

This property is located in Isla Vista on Del Playa which features the highest value rental properties in the area. The property features panoramic ocean views, beach access, close access to campus and core businesses are among the best located properties in the community. Housing on Del Playa is highly coveted and rarely has a vacancy. Desirable beachfront location, leased through June 2019. Contact listing Agent for complete package including financials, pest control, roof, termite, physical, geological, NHD, and floor plans. All are attached to listing also.

Last Agent to Sell the Property

Ronald Wolfe

Ronald L. Wolfe & Assoc. Inc. License #00354504 Listed on: 07/06/2017

Last Buyer's Agent

Ronald Wolfe

Ronald L. Wolfe & Assoc. Inc. License #00354504 Listed on: 07/06/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • 2,707 Sq Ft Lot
  • Property is in good condition

Parking

  • Uncovered Parking

Home Design

  • Slab Foundation

Flooring

  • Carpet
  • Tile

Outdoor Features

  • Property is near an ocean
  • Patio

Schools

  • Isla Vista Elementary School
  • Gol Valley Middle School
  • Dos Pueblos High School

Additional Features

  • Property is near park, public transit, schools, shops, and bus stop
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 075-202-053

Community Details

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $49,820
  • Gross Income $139,200
  • Net Operating Income $86,596

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1995
  • Income Expenses Annual Income: 139200.0
  • Capitalization Rate: 5.35
  • Income Expenses Cash Flow: 86596.0
  • Income Expenses Debit Service: 0
  • Gross Rent Multiplier: 11.64
  • Annual Expenses: 49820.0
  • Monthly Income: 11600.0
  • Meters Sep Meter Elec: Y
  • Meters Sep Meter Wtr: Y
  • ResoLaundryFeatures: Other
  • ResoLotFeatures: Near Public Transit
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Flooring: Carpet, Tile
  • New Construction: No
  • Reso Property Condition: Good
  • Property Information Year Built2: 1995
  • Property Information Apx # Acres: 0.14
  • NeighborhoodSchools Elementary School: Isla Vista
  • NeighborhoodSchools Junior High School: Gol Valley
  • NeighborhoodSchools High School: Dos Pueblos
  • HeatingCooling Wall3: Yes
  • Parking Info Uncovered: Yes
  • Foundation:Slab: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 2707.0
  • Condition Good2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Pets No8: Yes
  • Amenities Patio2: Yes
  • IncomeExpenses NOI2: 86596
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.14
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Uncovered

Schools

  • Elementary School: Isla Vista
  • High School: Dos Pueblos
  • Middle Or Junior School: Gol Valley

Lot Info

  • Parcel #: 075-202-053
  • Zoning: R-1
  • Lot Size Sq Ft: 2707.0

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 1
  • Annual Gross Income: 139200.0
  • Annual Operating Expense: 49820.0
  • Total Actual Rent: 11600.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2017
Closed on
Jan 18, 2019
Sold by
Mcmillan Kim L and Elliott Family Trust
Bought by
George Continuation Comapny Llc
Seller's Agent
Ronald Wolfe
Ronald L. Wolfe & Assoc. Inc.
Buyer's Agent
Ronald Wolfe
Ronald L. Wolfe & Assoc. Inc.
List Price
$1,776,000
Sold Price
$1,525,000
Premium/Discount to List
-$251,000
-14.13%
Current Estimated Value
$2,212,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$687,607
Avg. Annual Appreciation
5.59%
Original Mortgage
$991,250
Interest Rate
4.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 28, 2017
Sold by
Elliott Matthew
Bought by
Elliott Family Trust Of 1993 and Mcmillan Kim L

Purchase Details

Closed on
Mar 18, 2015
Sold by
Elliott Family Trust Of 1993 and Mcmillan Kim L
Bought by
Elliott Matthew

Purchase Details

Closed on
Feb 23, 2005
Sold by
Elliott Esther M
Bought by
Mcmillan Kim L

Purchase Details

Closed on
Mar 8, 2000
Sold by
Esther Elliott
Bought by
Elliott Esther M

Purchase Details

Closed on
Dec 10, 1999
Sold by
Esther Elliott
Bought by
Elliott Esther M

Purchase Details

Closed on
Dec 8, 1999
Sold by
Elliott Fam Tr 4-28-93 Elliott Robert R & Est
Bought by
Elliott Esther M

Purchase Details

Closed on
Aug 28, 1997
Sold by
Meldahl Camilla
Bought by
Elliott Robert R and Elliott Esther

Purchase Details

Closed on
Dec 9, 1996
Sold by
St George Ed
Bought by
Meldahl Camilla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.76%

Purchase Details

Closed on
May 13, 1996
Sold by
Elliott Robert R and Elliott Esther
Bought by
Elliott Robert R and Elliott Esther

Purchase Details

Closed on
Jul 13, 1994
Sold by
Stgeorge Ed
Bought by
Meldahl Camilla

Purchase Details

Closed on
Jun 7, 1994
Sold by
Jurkowitz Morris M
Bought by
The Santa Barbara Jewish Federation

Purchase Details

Closed on
Jun 3, 1994
Sold by
Jurkowitz Morris M
Bought by
Elliott Robert R and Elliott Ester M
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
George Continuation Comapny Llc $1,525,000 First American Title Company
Elliott Family Trust Of 1993 -- None Available
Elliott Matthew -- None Available
Mcmillan Kim L -- --
Elliott Esther M -- --
Elliott Esther -- --
Elliott Esther M -- --
Elliott Esther M -- --
Elliott Robert R -- --
Meldahl Camilla -- Fidelity National Title Co
Elliott Robert R -- --
Meldahl Camilla -- --
The Santa Barbara Jewish Federation $30,000 Equity Title Company
Elliott Robert R $200,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner George Continuation Comapny Llc $991,250
Previous Owner Meldahl Camilla $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/14/2019 03/14/19 Sold $1,525,000 -14.1% $563 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
07/06/2017 07/06/17 For Sale $1,776,000 -- $656 / 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 $20,156 $1,840,133 $865,945 $974,188
2023 $20,156 $1,635,106 $777,346 $857,760
2022 $17,976 $1,603,046 $762,104 $840,942
2021 $17,663 $1,571,614 $747,161 $824,453
2020 $17,196 $1,555,500 $739,500 $816,000
2019 $13,658 $1,215,003 $578,573 $636,430
2018 $13,402 $1,191,180 $567,229 $623,951
2017 $13,160 $1,167,824 $556,107 $611,717
2016 $12,671 $1,144,926 $545,203 $599,723
2015 $12,310 $1,127,729 $537,014 $590,715
2014 $6,653 $582,333 $171,270 $411,063
Source: Public Records

Agents Affiliated with this Home

  • Ronald Wolfe

    Seller's Agent in 2019

    Ronald Wolfe

    Ronald L. Wolfe & Assoc. Inc.

    (805) 618-3223

    4 Total Sales

    Ronald Wolfe
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Source: Santa Barbara Multiple Listing Service

MLS Number: 17-2247

Santa Barbara Multiple Listing Service

APN: 075-202-053

California Santa Barbara County Goleta

93117

Not Listed for Sale

MultiFamily

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