NOT LISTED FOR SALE

Estimated Value: $723,000 - $855,000

8 Beds
6 Baths
3,832 Sq Ft
$212/Sq Ft Est. Value

Last Sold February 21, 2020

Last sale price $550,000 $144 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,901/month

1 Day on Market

About This Home

As of February 2020

Great investment opportunity a 4 plex in South West Santa Maria , long term tenants 2- 2 bedroom 2 bath and 2 -2 bedroom 1 bath units with 2 two car garages

Last Agent to Sell the Property

Victor Vega

California Realty Executives License #01300014 Listed on: 02/12/2020

Last Buyer's Agent

Maria Elena Lopez-Camarena

Valley Hills Realty License #01849089

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 6,970 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • Alley Access

Home Design

  • Flat Roof Shape

Interior Spaces

  • 3,832 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 8 Bedrooms

Accessible Home Design

  • Hand Rail

Utilities

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

Community Details

  • 4 Units

Listing and Financial Details

  • Security Deposit $10,000
  • Tenant pays for electricity, gas, trash collection
  • The owner pays for water
  • Assessor Parcel Number 117-470-007

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • FILLACRES: 0.16
  • ApproxYrBlt: 1976
  • Directions To Property: West on Betteraivia North on Thornburg to Sheila lane
  • Listing Member Name: Victor D Vega
  • Listing Office Short Id: 3550
  • List Office Board Code: Lompoc Valley
  • Lot Size Sq Ft: 6970.00
  • Major Area: 15 - SM Southwest
  • Open House Office I D: 20170308161114970370000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 3103
  • Selling Office Short Id: 388
  • Building Stories: 2
  • Tract Suffix: Lane
  • OFFICELIST_ZIP4: 93458
  • Unit Levels: Two
  • Geen Feat.: Cable Available, Curbs/Gutter, Paved Streets, Sidewalks, Street Lights, Telephone
  • Landlord Pays: Water
  • Special Features: None
  • Stories: 2
  • Year Built: 1976

Interior Features

  • Total Bathrooms: 6.00
  • Three Quarter Bathrooms: 2
  • Total Bedrooms: 8
  • Interior Amenities: Hand Rails
  • Laundry: In Each Unit

Exterior Features

  • Exterior Features: Fenced
  • Foundation: None
  • Roof: Flat

Garage/Parking

  • Parking: 1 - 5

Utilities

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

Lot Info

  • Lot Characteristics: Alley, Level
  • Zoning Description: Res Multi-Family

Rental Info

  • Deposit: 10000.00
  • Sub Lease: No
  • Tenant Pays: Electricity, Gas, Trash Collection
  • Lease Term: Month To Month

Tax Info

  • Assessor Parcel Number: 117-470-007

Multi Family

  • Annual Operating Expense: Accounting
  • Total Number Units: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 27, 2021
Sold by
Chavez Isidro Gonzalez and Chavez Maria Candelarra
Bought by
Chavez Isidro Gonzalez and Chavez Maria Candelarra
Current Estimated Value
$810,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$651,000
Outstanding Balance
$512,700
Interest Rate
2.39%
Mortgage Type
New Conventional
Estimated Equity
$297,952

Purchase Details

Listed on
Feb 12, 2020
Closed on
Feb 19, 2020
Sold by
Herrera Eugenia Gloria
Bought by
Gonzalez Isidro Chavez and Chavez Maria Candelarra
Seller's Agent
Victor Vega
California Realty Executives
Buyer's Agent
Maria Elena Lopez-Camarena
Valley Hills Realty
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.81%

Purchase Details

Closed on
May 21, 2012
Sold by
Herrera Arthur S
Bought by
Herrera Arthur S and Herrera Eugenia Gloria

Purchase Details

Closed on
Jul 25, 2001
Sold by
Herrera Eugenia Gloria
Bought by
Herrera Arthur

Purchase Details

Closed on
Apr 4, 2001
Sold by
Middleton Bennett G
Bought by
Herrera Arthur S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,422
Interest Rate
7.05%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chavez Isidro Gonzalez -- Atlas Title Company
Gonzalez Isidro Chavez $550,000 Fidelity National Title Co
Herrera Arthur S -- Fidelity National Title Co
Herrera Arthur -- First American Title
Herrera Arthur S $216,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chavez Isidro Gonzalez $651,000
Previous Owner Herrera Arthur S $177,422
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2020 02/21/20 Sold $550,000 -- $144 / 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 $7,949 $739,458 $164,045 $575,413
2023 $7,949 $710,746 $157,676 $553,070
2022 $6,268 $566,811 $154,585 $412,226
2021 $6,104 $555,698 $151,554 $404,144
2020 $3,509 $322,823 $81,039 $241,784
2019 $3,468 $316,494 $79,450 $237,044
2018 $3,423 $310,290 $77,893 $232,397
2017 $3,384 $304,207 $76,366 $227,841
2016 $3,235 $298,243 $74,869 $223,374
2014 $3,036 $288,011 $72,301 $215,710
Source: Public Records

Agents Affiliated with this Home

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Source: North Santa Barbara County Regional MLS

MLS Number: 20000348

North Santa Barbara County Regional MLS

APN: 117-470-007