NOT LISTED FOR SALE

Estimated Value: $4,796,000 - $9,928,771

Studio
-- Bath
-- Sq Ft
21,344 Sq Ft Lot

Last Sold November 04, 2016

Last sale price $4,550,000

Est. 61% increase in value since last sale

Current estimated payment $46,365/month

14 Days on Market

Highlights

  • Property is near an ocean
  • Wood Flooring
  • Garage
  • Santa Barbara Senior High School Rated A-
  • Property is near shops
  • Property is in excellent condition

About This Home

As of November 2016

70 Eucalyptus Lane, 66 & 68 Eucalyptus Lane,
15 Miramar Avenue.
4 CAPTIVATING COTTAGES AT MIRAMAR BEACH... Solid gold investment! Extremely rare multi-unit beach estate compound with 4 spacious cottages (A large 2/2 + loft and (3) 1/1) each with their own private fenced yards, lush landscaping and beautiful architectural details. Room for a pool! Move in and enjoy the coveted Miramar Beach lifestyle, watch the epic sunrises and sunsets from the most exclusive sandy beaches on the West Coast! Its like owning your own Miramar Hotel! Multiple parking areas, garage and unlimited short/long term income potential (current rents are $13,650/mo!).

Last Agent to Sell the Property

Jason Streatfeild

Berkshire Hathaway HomeServices California Properties Listed on: 10/14/2016

Last Buyer's Agent

Marilyn Groves

Berkshire Hathaway HomeServices California Properties License #01416276

Property Details

Home Type

  • Multi-Family

Lot Details

  • 21,344 Sq Ft Lot
  • Property is in excellent condition

Parking

  • Garage

Flooring

  • Wood
  • Carpet

Schools

  • Mont Union Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Additional Features

  • Property is near an ocean
  • Property is near shops
  • Cooling System Mounted In Outer Wall Opening

Listing and Financial Details

  • Assessor Parcel Number 009-343-010

Community Details

Overview

  • 4 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Lot Details

0.49 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Monthly Income: 10650.0
  • ResoLaundryFeatures: Other
  • ResoSecurityFeatures: Other
  • Reso Flooring: Carpet, Hardwood
  • Garage Yn: Yes
  • New Construction: No
  • Reso Property Condition: Excellent
  • NeighborhoodSchools Elementary School: Mont Union
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Condition Excellent: Yes
  • Proximity Near Ocean2: Yes
  • FlrWdw Coverings Hardwood2: Yes
  • Proximity Near Shopping2: Yes
  • Property Information Apx Lot SqFt: 21344.0
  • FlrWdw Coverings Carpet: Yes
  • Pets Yes: Yes
  • Parking Info Gar #14: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Exterior Features

  • Acres: 0.49
  • Foundation Details: Other

Garage/Parking

  • Parking Features: Gar #1

Schools

  • Elementary School: Mont Union
  • High School: S.B. Sr.
  • Middle Or Junior School: S.B. Jr.

Lot Info

  • Parcel #: 009-343-010
  • Zoning: Other
  • Lot Size Sq Ft: 21344.0

Multi Family

  • Number Of Units Total: 4
  • Total Actual Rent: 10650.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 12, 2022
Sold by
15 Miramar Llc
Bought by
15 Miramar Club Llc
Current Estimated Value
$7,328,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$274,302
Interest Rate
5.11%
Estimated Equity
$7,054,288

Purchase Details

Closed on
Feb 18, 2021
Sold by
15 Miramar Avenue Llc
Bought by
15 Miramar Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,420,000
Interest Rate
2.7%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Oct 14, 2016
Closed on
Nov 2, 2016
Sold by
Leggitt Jason D and Leggitt Kevin A
Bought by
15 Miramar Avenue Llc
Seller's Agent
Jason Streatfeild
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Marilyn Groves
Berkshire Hathaway HomeServices California Properties
List Price
$4,250,000
Sold Price
$4,550,000
Premium/Discount to List
$300,000
7.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.22%

Purchase Details

Closed on
Dec 21, 2015
Sold by
Miramar Cottages Llc
Bought by
Leggitt Jason D and Leggitt Kevin A

Purchase Details

Closed on
Jun 22, 2006
Sold by
Mclaughlin Christine and Small George E
Bought by
Miramar Cottages Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,836,250
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2004
Sold by
Small George E
Bought by
Small George E and The George E Small Revocable T

Purchase Details

Closed on
Feb 25, 2003
Sold by
Mclaughlin Christine
Bought by
Small George
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
15 Miramar Club Llc $4,667,000 Old Republic Title
15 Miramar Llc $7,000,000 Stewart Title Of Ca Inc
15 Miramar Avenue Llc $4,550,000 First American Title Company
Leggitt Jason D -- First American Title Company
Miramar Cottages Llc -- Chicago Title Company
Mclaughlin Christine -- Chicago Title Company
Small George E -- --
Small George $107,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 15 Miramar Club Llc $300,000
Open 15 Miramar Club Llc $3,400,000
Previous Owner 15 Miramar Llc $3,420,000
Previous Owner Miramar Cottages Llc $1,836,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2016 11/04/16 Sold $4,550,000 +7.1% --
10/28/2016 10/28/16 Pending -- -- --
10/14/2016 10/14/16 For Sale $4,250,000 -- --
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 $86,453 $8,186,301 $6,367,248 $1,819,053
2023 $86,453 $7,869,000 $6,120,000 $1,749,000
2022 $77,659 $7,155,000 $5,865,000 $1,290,000
2021 $54,205 $4,893,519 $3,806,317 $1,087,202
2020 $53,689 $4,843,496 $3,767,288 $1,076,208
2019 $52,627 $4,748,820 $3,693,420 $1,055,400
2018 $51,669 $4,656,000 $3,621,000 $1,035,000
2017 $50,615 $4,565,000 $3,550,000 $1,015,000
2016 $31,198 $2,736,000 $2,199,000 $537,000
2015 $30,236 $2,683,000 $2,156,000 $527,000
2014 $29,023 $2,556,000 $2,053,000 $503,000
Source: Public Records

Agents Affiliated with this Home

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Source: Santa Barbara Multiple Listing Service

MLS Number: 16-3415

Santa Barbara Multiple Listing Service

APN: 009-343-010

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