503 E Monroe St Santa Maria, CA 93454
Northwest Santa Maria NeighborhoodEstimated payment $6,559/month
Total Views
13,629
3
Beds
2
Baths
1,330
Sq Ft
$827
Price per Sq Ft
About This Home
An investor's dream awaits with this highly sought-after 3-unit multi-family property, nestled on the desirable North East side of town. The main home boasts 3 bedrooms and 2 bathrooms, encompassing approximately 1,330 square feet of living space. Inside, you'll find a generously sized kitchen, perfect for culinary enthusiasts, and a spacious living room ideal for gatherings. The master bedroom offers the luxury of a private bathroom for added comfort. Additionally, there's an attached garage conversion ADU, providing a separate 1 bedroom and 1 bathroom living space spanning 413 square feet. For further versatility, a detached ADU offers another 1 bedroom and 1 bathroom layout, spanning approximately 450 square feet. This property presents an exceptional investment opportunity in a prime location. Solar Panels leased.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,025
Year Built
- Built in 1962
Lot Details
- 6,534 Sq Ft Lot
Home Design
- 1,330 Sq Ft Home
- Slab Foundation
- Shingle Roof
- Stucco
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating System
- Cable TV Available
Community Details
- 3 Units
- Net Operating Income $90,000
Listing and Financial Details
- Security Deposit $20,000
- Assessor Parcel Number 128-010-044
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,025 | $447,183 | $144,394 | $302,789 |
| 2022 | $4,704 | $424,415 | $141,563 | $282,852 |
| 2021 | $3,735 | $338,643 | $138,788 | $199,855 |
| 2020 | $3,730 | $335,171 | $137,365 | $197,806 |
| 2019 | $3,688 | $328,600 | $134,672 | $193,928 |
| 2018 | $3,642 | $322,158 | $132,032 | $190,126 |
| 2017 | $3,602 | $315,843 | $129,444 | $186,399 |
| 2016 | $3,446 | $309,651 | $126,906 | $182,745 |
| 2014 | -- | $249,000 | $125,000 | $124,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | For Sale | $1,100,000 | 0.0% | $827 / Sq Ft |
| 07/08/2024 07/08/24 | Off Market | $1,100,000 | -- | -- |
| 04/18/2024 04/18/24 | For Sale | $1,100,000 | -- | $827 / Sq Ft |
Source: North Santa Barbara County Regional MLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | None Listed On Document | |
| Grant Deed | $305,000 | Fidelity National Title Co | |
| Grant Deed | $390,000 | Fidelity National Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | Fidelity National Title | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title Co | |
| Grant Deed | $172,000 | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $244,000 | New Conventional | |
| Previous Owner | $312,000 | Purchase Money Mortgage | |
| Previous Owner | $308,000 | Unknown | |
| Previous Owner | $28,620 | Unknown | |
| Previous Owner | $21,126 | Unknown | |
| Previous Owner | $255,000 | Purchase Money Mortgage | |
| Previous Owner | $233,225 | FHA | |
| Previous Owner | $232,079 | FHA | |
| Previous Owner | $16,338 | Unknown | |
| Previous Owner | $201,300 | FHA |
Source: Public Records
Similar Homes in Santa Maria, CA
Source: North Santa Barbara County Regional MLS
MLS Number: 24000625
APN: 128-010-044
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