NOT LISTED FOR SALE

Santa Barbara, CA 93101

Lower Riviera Neighborhood

Estimated Value: $2,160,000 - $2,353,000

Studio
-- Bath
-- Sq Ft
5,227 Sq Ft Lot

Last Sold May 08, 2018

Last sale price $1,150,000

Est. 95% increase in value since last sale

Current estimated payment $13,324/month

125 Days on Market

Highlights

  • Property is near an ocean
  • Deck
  • Cooling System Mounted In Outer Wall Opening
  • Santa Barbara Senior High School Rated A-
  • Property is near park, public transit, shops, and bus stop
  • Laundry Room

About This Home

As of May 2018

Owner Motivated. Upper East Duplex. Each unit has 2 bedrooms 1.5 baths. Units built on top of carports. Two laundry rooms off carport. Some view from balconies. Rents are low. Live in one rent the other. DO NOT DISTURB TENANTS

Last Agent to Sell the Property

Christie Gallagher

Gallagher Property Management License #00827584 Listed on: 11/09/2017

Last Buyer's Agent

Calcagno & Hamilton

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1973

Lot Details

  • Property is in average condition

Kitchen

  • Stove
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Property is near an ocean
  • Deck

Location

  • Property is near park, public transit, shops, and bus stop
  • Property near a hospital

Schools

  • Roosevelt Elementary School
  • S.B. Jr. Middle School
  • S.B. Sr. High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available

Listing and Financial Details

  • The owner pays for trash collection, water
  • Assessor Parcel Number 027-064-007

Community Details

Overview

  • 2 Units

Building Details

  • Trash Expense $38
  • Water Sewer Expense $139

Property Details

Home Type

Multi-Family

Year Built

Built in 1973

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Monthly Income: 3875.0
  • Income Expenses Trash Expense: 37.52
  • Income Expenses Water Expense: 139.14
  • Meters Sep Meter Elec: Y
  • Miscellaneous Parking Spaces: 3.0
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Near Public Transit
  • Reso Flooring: Vinyl, Carpet
  • New Construction: No
  • Reso Property Condition: Average
  • Property Information Year Built2: 1973
  • NeighborhoodSchools Elementary School: Roosevelt
  • NeighborhoodSchools Junior High School: S.B. Jr.
  • NeighborhoodSchools High School: S.B. Sr.
  • HeatingCooling Wall3: Yes
  • Parking Info Carport2: Yes
  • Parking Info Total # Carport Spaces2: 3.0
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Laundry Laundry Room2: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Near Bus: Yes
  • FlrWdw Coverings Carpet: Yes
  • Proximity Near Hospital2: Yes
  • Amenities Deck2: Yes
  • Amenities Dishwasher2: Yes
  • Amenities Washer2: Yes
  • Amenities Dryer2: Yes
  • Condition Average2: Yes
  • FlrWdw Coverings Vinyl2: Yes
  • Amenities Elec Stove: Yes
  • HeatingCooling Elec: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features: Carport
  • Total Parking Spaces: 3.0

Utilities

  • Heating: Elec
  • HeatingYN: Yes

Fee Information

  • Trash Expense: 37.52
  • Annual Water Sewer Expense: 139.14

Schools

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

Lot Info

  • Parcel #: 027-064-007
  • Zoning: R-2

Rental Info

  • Owner Pays: Trash Collection, Water

Multi Family

  • Number Of Units Total: 2
  • Total Actual Rent: 3875.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 26, 2020
Sold by
Snell Tony and Ashley James
Bought by
Gallemore Esmeralda and Esmeralda Gallemore Revocable
Current Estimated Value
$2,246,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$709,387
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,537,246

Purchase Details

Closed on
Sep 24, 2019
Sold by
Stone Kap Partners Llc
Bought by
Snell Tony and Snell James Ashley

Purchase Details

Closed on
Apr 1, 2019
Sold by
Shuman Jeffrey P and The Jeffrey P Shuman 2009 Trus
Bought by
Stone Kap Partners Llc

Purchase Details

Listed on
Nov 9, 2017
Closed on
Apr 26, 2018
Sold by
Nikodemski Bruno A
Bought by
Shuman Jeffrey P and The Jeffrey P Shuman 2009 Trus
Seller's Agent
Christie Gallagher
Gallagher Property Management
Buyer's Agent
Calcagno & Hamilton
Sotheby's International Realty
List Price
$1,450,000
Sold Price
$1,150,000
Premium/Discount to List
-$300,000
-20.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.87%
Original Mortgage
$750,000
Interest Rate
4.45%
Mortgage Type
Commercial
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
Gallemore Esmeralda $1,400,000 Fidelity National Title
Snell Tony -- None Available
Stone Kap Partners Llc $1,350,000 First American Title Company
Shuman Jeffrey P $1,150,000 Fidelity Natl Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallemore Esmeralda $800,000
Previous Owner Shuman Jeffrey P $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2018 05/08/18 Sold $1,150,000 -20.7% --
03/14/2018 03/14/18 Pending -- -- --
11/09/2017 11/09/17 For Sale $1,450,000 -- --
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 $15,823 $1,515,403 $790,174 $725,229
2023 $15,823 $1,456,560 $759,492 $697,068
2022 $15,266 $1,428,000 $744,600 $683,400
2021 $14,915 $1,400,000 $730,000 $670,000
2020 $14,384 $1,350,000 $725,000 $625,000
2019 $12,537 $1,173,000 $714,000 $459,000
2018 $3,640 $332,073 $136,755 $195,318
2017 $3,520 $325,563 $134,074 $191,489
2016 $3,510 $319,181 $131,446 $187,735
2014 $3,417 $308,230 $126,936 $181,294
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2018

    Christie Gallagher

    Gallagher Property Management

    6 Total Sales

    Christie Gallagher
    Section Image

  • C

    Buyer's Agent in 2018

    Calcagno & Hamilton

    Sotheby's International Realty

  • M

    Buyer's Agent in 2018

    Michael Calcagno

    Berkshire Hathaway HomeServices California Properties

    (805) 896-0876

    4 in this area

    298 Total Sales

    Michael Calcagno
    Section Image
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Source: Santa Barbara Multiple Listing Service

MLS Number: 17-3719

Santa Barbara Multiple Listing Service

APN: 027-064-007

California Santa Barbara County Santa Barbara 93101

Lower Riviera

Not Listed for Sale

MultiFamily

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