NOT LISTED FOR SALE

Santa Maria, CA 93455

Old Town Orcutt Neighborhood

Estimated Value: $719,521 - $760,000

4 Beds
3 Baths
1,750 Sq Ft
$426/Sq Ft Est. Value

Last Sold November 25, 2015

Last sale price $440,000 $251 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,727/month

300 Days on Market

Highlights

  • Fenced Yard
  • Level Lot
  • 1-Story Property
  • Garage

About This Home

As of November 2015

Reduced Price $30K!!! Great investment opportunity in a great school district and area. 3 units close to all shopping, dinning, schools, and freeways. Rents have not been increased for 10 years. All 3 units have leases to April 1, 2015. Each unit has 2 ceiling fans, gas stoves, refrigerators, a laundry area, and good carpet and lino. Unit A: 1 bedroom with living room, kitchen, and bath rent now $850. (should be $1000. on 4-1-15)New wall heater and water heater. Unit B: 1 bedroom with living room, kitchen, and bath rent now $850.(should be $1000. 4-1-15)Unit 1/2 is separate in rear off alley next to 3 garages, has 2 bedrooms with living room, kitchen, and bath. Has new wall heater and water heater. Rent now $900.(should be $1150 July 2015). With 25% down and a score of 740+ you can get 4.5

Last Agent to Sell the Property

Roger Pitman

Real Estate Unlimited Listed on: 10/30/2014

Last Buyer's Agent

Gary Crabtree

CHAMPION Real Estate License #00600728

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 6,534 Sq Ft Lot
  • Fenced Yard
  • Level Lot

Home Design

  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • On-Street Parking

Utilities

  • Wall Furnace
  • Phone Available
  • Cable TV Available

Community Details

  • 3 Units
  • Operating Expense $1,620

Listing and Financial Details

  • Assessor Parcel Number 105-105-014

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

6,534 Sq Ft Lot

Listing Details

  • FILLACRES: 0.15
  • ApproxYrBlt: 1938
  • Listing Member Name: Roger C Pitman
  • Listing Office Short Id: 2827
  • List Office Board Code: Santa Maria
  • Lot Size Sq Ft: 6534.00
  • Major Area: 17 - SM/Orcutt West
  • Open House Office I D: 20170308161105125039000000
  • Property Sub Type: Multi-Family
  • Prop. Type: B
  • Selling Member Short Id: 1129
  • Selling Office Short Id: 2691
  • Building Stories: 1
  • Tract Suffix: Avenue
  • Unit Levels: One
  • Geen Feat.: Cable Available, Paved Streets, Street Lights, Telephone
  • Income And Expenses Annual Operating Exp: 1620.00
  • Special Features: None
  • Stories: 1
  • Year Built: 1938

Interior Features

  • Total Bathrooms: 3.00
  • Total Bedrooms: 4
  • Laundry: In Each Unit

Exterior Features

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

Garage/Parking

  • Parking: 1 - 5, Garage, Street

Utilities

  • Air Conditioner: None
  • Heating: Wall Furnace

Lot Info

  • Lot Characteristics: Level
  • Zoning Description: Multi-Fam R4

Tax Info

  • Assessor Parcel Number: 105-105-014

Multi Family

  • Total Number Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2016
Sold by
Pettit Adam A and Pettit Charlotte M
Bought by
Pettit Adam and Pettit Charlotte
Current Estimated Value
$744,630

Purchase Details

Closed on
Sep 2, 2015
Sold by
Rein Gerald R and Shuck Rein Dana
Bought by
Pettit Adam A and Pettit Charlotte M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$329,925
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2012
Sold by
Rein Gerald R and Rein Dana Shuck
Bought by
Rein Gerald R and Shuck Rein Dana

Purchase Details

Closed on
Apr 2, 2007
Sold by
Rein Gerald R
Bought by
Rein Gerald R and Rein Dana Shuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 2007
Sold by
Rein Gerald R and Rein Dana Shuck
Bought by
Rein Gerald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$406,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2004
Sold by
Pensinger Edward J and Pensinger Glenna R
Bought by
Rein Gerald R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 1999
Sold by
Baker Monte B and Baker Korie A
Bought by
Pensinger Edward J and Pensinger Glenna R

Purchase Details

Closed on
Jan 11, 1994
Sold by
Baker Korie A and Holloway Korie A
Bought by
Baker Monte B and Baker Korie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
7.16%
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
Pettit Adam -- None Available
Pettit Adam A $440,000 Fidelity National Title Co
Rein Gerald R -- None Available
Rein Gerald R -- Stewart Title Of Ca Sg-Mf
Rein Gerald R -- Stewart Title Of Ca
Rein Gerald R $475,000 Stewart Title Of Ca Inc
Pensinger Edward J $130,000 Lawyers Title Company
Baker Monte B -- Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pettit Adam A $329,925
Previous Owner Rein Gerald R $406,000
Previous Owner Rein Gerald R $356,250
Previous Owner Baker Monte B $105,000
Closed Rein Gerald R $23,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2015 11/25/15 Sold $440,000 -- $251 / Sq Ft
Source: North Santa Barbara County Regional MLS

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 $10,688 $624,785 $236,756 $388,029
2023 $10,688 $600,525 $227,563 $372,962
2022 $8,387 $490,711 $223,101 $267,610
2021 $8,223 $481,090 $218,727 $262,363
2020 $8,147 $476,158 $216,485 $259,673
2019 $8,041 $466,823 $212,241 $254,582
2018 $7,899 $457,671 $208,080 $249,591
2017 $7,672 $448,698 $204,000 $244,698
2016 $7,437 $439,900 $200,000 $239,900
2015 $7,232 $409,000 $197,000 $212,000
2014 -- $401,000 $193,000 $208,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2015

    Roger Pitman

    Real Estate Unlimited

  • G

    Buyer's Agent in 2015

    Gary Crabtree

    CHAMPION Real Estate

    (805) 349-7777

    1 in this area

    39 Total Sales

    Gary Crabtree
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Source: North Santa Barbara County Regional MLS

MLS Number: 1049160

North Santa Barbara County Regional MLS

APN: 105-105-014

California Santa Barbara County Santa Maria 93455

Old Town Orcutt

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Santa Barbara County Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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