NOT LISTED FOR SALE

Estimated Value: $1,410,000 - $1,492,000

2 Beds
1 Bath
-- Sq Ft
3,049 Sq Ft Lot

Last Sold August 01, 2024

Last sale price $1,465,000

Current estimated payment $9,036/month

11 Days on Market

Highlights

  • Ocean View
  • Updated Kitchen
  • Property is near a park
  • Property is near an ocean
  • Deck
  • Cottage

About This Home

As of August 2024

Welcome to your coastal haven in the charming beach community of Summerland, California! This delightful 2-bedroom, 1-bathroom cottage offers breathtaking ocean views and the rare opportunity to generate short-term rental income, making it an ideal investment for vacation home buyers. Step inside this beautifully renovated home that has been thoughtfully and tastefully designed down to every detail, where beachy comfort meets retro elegance. The living room, kitchen, and generous front decks provide stunning ocean vistas, allowing you to soak in the allure of the Pacific from dawn to dusk. The Big Chill kitchen appliances add a touch of nostalgic charm, perfectly complementing the cottage's relaxing and inviting atmosphere.

Outside, the exquisitely landscaped backyard is a spectacular retreat. Colorful plantings dance in the sunlight, where each day feels like a celebration of nature. The terraced levels are adorned with lush greenery and bursts of vibrant color. In the evenings, the terracing is attractively lit, casting a romantic glow that makes every dinner al fresco an enchanting experience.

Perched at the very top of the terraces, the sky deck provides panoramic ocean views and magnificent sunsets! It is the perfect spot to enjoy morning coffee or evening cocktails around the firepit as you bask in the refreshing coastal breezes.

Located just a block above Lillie Avenue, you'll have easy access to Summerland's on trend shops and restaurants, with the beach just a short walk away. Lookout Park is the perfect place to enjoy fun activities such as picnics, barbecues, bocce ball and ping pong.

Sold fully furnished and accessorized, this enchanting cottage is ready for you to move in and start enjoying the ultimate beachside lifestyle. Don't miss this rare opportunity to own a piece of paradise in Summerland!

Last Listed By

Taryn Martin

Sotheby's International Realty License #01995581 Listed on: 06/20/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,598

Year Built

  • Built in 1935

Lot Details

  • 3,049 Sq Ft Lot
  • Back Yard Fenced
  • Lot Sloped Up
  • Irrigation
  • Property is in excellent condition

Parking

  • Open Parking

Home Design

  • Cottage
  • Raised Foundation
  • Composition Roof
  • Wood Shingle Exterior

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Tile Flooring
  • Ocean Views

Kitchen

  • Updated Kitchen
  • Breakfast Bar
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Remodeled Bathroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Property is near an ocean
  • Deck
  • Patio

Location

  • Property is near a park
  • Property is near public transit
  • Property is near schools
  • Property is near shops
  • Property is near a bus stop

Schools

  • Summerland Elementary School
  • Carp. Jr. Middle School
  • Carp. Sr. High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Tankless Water Heater
  • Cable TV Available

Community Details

  • 05 Summerland Subdivision
  • Restaurant

Listing and Financial Details

  • Assessor Parcel Number 005-181-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,598

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1935
  • Reso Property Sub Type: Home/Estate
  • ResoLaundryFeatures: Laundry Room
  • ResoLotFeatures: Sloped Up, Near Public Transit
  • ResoSecurityFeatures: Security System, Smoke Detector(s)
  • Subdivision Name: 05 - Summerland
  • Architectural Style: Cal Cottage
  • Reso Flooring: Tile
  • Unit Levels: Single Story, Outside Stairs
  • New Construction: No
  • Reso Property Condition: Excellent
  • Property Information Year Built2: 1935
  • Property Information Total #Units: 1
  • Property Information Apx # Acres: 0.07
  • NeighborhoodSchools Elementary School: Summerland
  • NeighborhoodSchools Junior High School: Carp. Jr.
  • NeighborhoodSchools High School: Carp. Sr.
  • Property Information ADU: No
  • Property Information Within City Limits: No
  • Condition Excellent: Yes
  • Style Cal Cottage: Yes
  • Construction Single Story2: Yes
  • Roof:Composition: Yes
  • GroundsLandscaping Patio Open2: Yes
  • Proximity Near Ocean2: Yes
  • Proximity Near Park(s)2: Yes
  • Proximity Near School(s)2: Yes
  • Dining Breakfast Bar2: Yes
  • Laundry Laundry Room2: Yes
  • Amenities Dual Pane Window2: Yes
  • Amenities Remodeled Bath2: Yes
  • Amenities Remodeled Kitchen2: Yes
  • Appliances Included Dishwasher3: Yes
  • Appliances Included Disposal3: Yes
  • Appliances Included Dryer3: Yes
  • Appliances Included Gas Stove3: Yes
  • Appliances Included Microwave3: Yes
  • Appliances Included Washer3: Yes
  • Security Security System: Yes
  • Security Smoke Detector(s)2: Yes
  • FlrWdw Coverings Tile3: Yes
  • Proximity Near Shopping2: Yes
  • Proximity Restaurants: Yes
  • Proximity Near Bus: Yes
  • GroundsLandscaping Yard Irrigation PRT: Yes
  • GroundsLandscaping Deck3: Yes
  • ViewOcean: Yes
  • GroundsLandscaping Fenced BCK: Yes
  • ParkingGarage Unc #12: Yes
  • Site Improvements Cable TV3: Yes
  • Pets Yes: Yes
  • Foundation Raised: Yes
  • LocationTopo Upslope2: Yes
  • Cooling Ceiling Fan(s): Yes
  • Exterior Wood Shingles: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Refrigerator, Tankless Water Heater, Dishwasher, Disposal, Dryer, Gas Stove, Microwave, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Appliances Included:Tankless Water Heater: Yes

Exterior Features

  • Roof: Composition
  • View: Ocean
  • Construction Type: Wood Shingles
  • Acres: 0.07
  • Topography: Upslope
  • Exterior Features: Deck, Patio Open, Yard Irrigation PRT, Fenced: BCK
  • Foundation Details: Raised

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Unc #1

Utilities

  • Cooling: Ceiling Fan(s), Other
  • Heating: Ductless, Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Summ Wtr
  • Heating:Ductless: Yes

Schools

  • Elementary School: Summerland
  • High School: Carp. Sr.
  • Middle Or Junior School: Carp. Jr.

Lot Info

  • Parcel #: 005-181-008
  • Zoning: R-1
  • Lot Size Sq Ft: 3049.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2024
Closed on
Jul 3, 2024
Sold by
Glist Family Trust and Glist Stuart Marc
Bought by
Arnold Loy Morgan
Seller's Agent
Taryn Martin
Sotheby's International Realty
Buyer's Agent
John Sener
Village Properties
List Price
$1,499,000
Sold Price
$1,465,000
Premium/Discount to List
-$34,000
-2.27%
Total Days on Market
11
Views
23
Current Estimated Value
$1,460,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,264
Avg. Annual Appreciation
0.65%

Purchase Details

Listed on
Dec 6, 2016
Closed on
Jan 24, 2017
Sold by
Mozilo Eric Ralph and Mozilo Terri Mieko
Bought by
Glist Stuart Marc and Glist Cynthia Caswell
Seller's Agent
Fred Bradley
Sotheby's International Realty
Buyer's Agent
Non Member Agent
Non Member Office
List Price
$869,000
Sold Price
$780,000
Premium/Discount to List
-$89,000
-10.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%
Original Mortgage
$624,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 12, 2014
Sold by
Walters Rod A
Bought by
The Mozilo Family Revocable Living Trust

Purchase Details

Closed on
Oct 13, 2005
Sold by
Walters Rod A and Walters Jeanine M
Bought by
Walters Rod A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,650
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Arnold Loy Morgan $1,465,000 First American Title
Glist Stuart Marc $780,000 First American Title Company
The Mozilo Family Revocable Living Trust $655,000 First American Title Company
Walters Rod A -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Glist Stuart Marc $624,000
Previous Owner Walters Rod A $359,650
Previous Owner Walters Jeanine $75,000
Previous Owner Walters Rod A $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $1,465,000 -2.3% --
07/02/2024 07/02/24 Pending -- -- --
06/20/2024 06/20/24 For Sale $1,499,000 +92.2% --
02/24/2017 02/24/17 Sold $780,000 -10.2% --
01/13/2017 01/13/17 Pending -- -- --
12/06/2016 12/06/16 For Sale $869,000 -- --
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
2023 $10,598 $870,100 $646,999 $223,101
2022 $10,286 $853,040 $634,313 $218,727
2021 $10,053 $836,315 $621,876 $214,439
2020 $9,925 $827,741 $615,500 $212,241
2019 $9,701 $811,512 $603,432 $208,080
2018 $9,528 $795,600 $591,600 $204,000
2017 $8,323 $683,287 $543,666 $139,621
2016 $8,115 $664,988 $533,006 $131,982
2015 $8,007 $655,000 $525,000 $130,000
2014 $2,849 $180,813 $92,941 $87,872
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Summerland, CA

  • 2173 Lillie Ave, Summerland, CA 93067

    $1,789,000

    • 3 Beds
    • 2 Baths
    • 1,574 Sq Ft
    • 2173 Lillie Ave
    • Summerland, CA

    Opportunity knocks! This amazing ocean view property offers multiple uses. As a proven short-term rental, this 3bed/2bath home is perfect as a single-family residence or could be used for dual living with 1 bed/1bath downstairs and 2 bed/1 bath upstairs. This is a great investment coastal-zoned R2 property or a fantastic beach-style single residence. Walk to shops, dining and Summerland beach

    Debra Foley Foley Real Estate

    Section Image
  • 2482 Shelby St, Summerland, CA 93067

    $1,495,000

    • 2 Beds
    • 1 Bath
    • 2482 Shelby St
    • Summerland, CA

    This remarkable property, cherished by the same family since the late 1800s, presents a rare opportunity to own one of Summerland's most desirable parcels of land. Spanning nearly a quarter of an acre from Shelby Street to Golden Gate Avenue, this lot offers potential access from both sides and boasts breathtaking 360-degree views of the ocean and mountains, along with mature trees, hedges, and

    Kendrick Guehr Keller Williams Realty Santa Barbara

    Section Image

Source: Santa Barbara Multiple Listing Service

MLS Number: 24-2021

Santa Barbara Multiple Listing Service

APN: 005-181-008