OPEN SUN 1PM - 4PM
$801K PRICE DROP
509 Coronel Place Santa Barbara, CA 93101
Lower West NeighborhoodEstimated payment $8,211/month
Total Views
24,810
2
Beds
1
Bath
862
Sq Ft
$1,623
Price per Sq Ft
Highlights
- Property is near an ocean
- Updated Kitchen
- Fruit Trees
- San Marcos Senior High School Rated A
- Craftsman Architecture
- 1-minute walk to Parque De Lis Niños
About This Home
Located in the heart of Santa Barbara, 509 Coronel Place presents an exceptional opportunity for both owner-users and investors looking to capitalize on the potential of an R-4 zoned lot, which allows for the development of multiple residential units in a city known for its strong real estate market and high demand for housing. This property currently features a charming 2-bedroom, 1-bathroom California cottage that exudes classic architectural charm and offers immediate livability while also serving as an excellent foundation for future development. Whether the goal is to enjoy the home as a primary residence while benefiting from rental income opportunities or to pursue a larger-scale investment project, the versatility of this property makes it one of the most desirable investment. Before any development can proceed, a comprehensive review of the zoning and planning regulations for 509 Coronel Place is essential. Santa Barbara has stringent guidelines to preserve its unique character and minimize environmental impact. Working closely with city planners to ensure compliance and secure approvals is critical.
Developers may also need to engage with the community to address concerns about density, traffic, or aesthetic impact. Transparent communication and a thoughtful approach to integrating the project with the surrounding neighborhood can help build support for the development.
Listing Agent
Berkshire Hathaway HomeServices California Properties License #00974047
Open House Schedule
-
Sunday, April 27, 20251:00 to 4:00 pm4/27/2025 1:00:00 PM +00:004/27/2025 4:00:00 PM +00:00Priced to sell, this great property with charming 2 bed, 1 ba home on large multi-unit lot. buy now!Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,823
Year Built
- Built in 1881
Lot Details
- 7,405 Sq Ft Lot
- Dog Run
- Back Yard Fenced
- Level Lot
- Fruit Trees
- Property is in good condition
- Property is zoned R-4
Parking
- Detached Garage
Home Design
- Craftsman Architecture
- Cottage
- Pillar, Post or Pier Foundation
- Raised Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 862 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Blinds
- Family Room
- Dining Area
- Wood Flooring
- Fire and Smoke Detector
- Laundry Room
- Property Views
Kitchen
- Updated Kitchen
- Breakfast Area or Nook
- Stove
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Remodeled Bathroom
- 1 Full Bathroom
Outdoor Features
- Property is near an ocean
- Separate Outdoor Workshop
- Built-In Barbecue
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
- City Lot
Schools
- Mckinley Elementary School
- Lacumbre Middle School
- San Marcos High School
Utilities
- Cooling Available
- Forced Air Heating System
- Vented Exhaust Fan
- Net Metering or Smart Meter
- Cable TV Available
Community Details
- No Home Owners Association
- Restaurant
Listing and Financial Details
- Assessor Parcel Number 037-180-012
- Seller Considering Concessions
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 | $4,823 | $443,166 | $332,382 | $110,784 |
| 2022 | $4,653 | $434,477 | $325,865 | $108,612 |
| 2021 | $4,545 | $425,959 | $319,476 | $106,483 |
| 2020 | $4,498 | $421,593 | $316,201 | $105,392 |
| 2019 | $4,419 | $413,327 | $310,001 | $103,326 |
| 2018 | $4,357 | $405,223 | $303,923 | $101,300 |
| 2017 | $4,213 | $397,278 | $297,964 | $99,314 |
| 2016 | $4,182 | $389,489 | $292,122 | $97,367 |
| 2014 | $4,070 | $376,126 | $282,099 | $94,027 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/07/2025 04/07/25 | Price Changed | $1,399,000 | -6.7% | $1,623 / Sq Ft |
| 02/14/2025 02/14/25 | Price Changed | $1,500,000 | -9.1% | $1,740 / Sq Ft |
| 01/28/2025 01/28/25 | Price Changed | $1,650,000 | -5.7% | $1,914 / Sq Ft |
| 09/30/2024 09/30/24 | Price Changed | $1,750,000 | -7.9% | $2,030 / Sq Ft |
| 08/02/2024 08/02/24 | Price Changed | $1,900,000 | -13.6% | $2,204 / Sq Ft |
| 07/17/2024 07/17/24 | For Sale | $2,200,000 | -- | $2,552 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Executors Deed | $300,000 | First American Title | |
| Quit Claim Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,230,000 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $1,012,500 | FHA | |
| Previous Owner | $220,000 | Unknown | |
| Previous Owner | $220,000 | Seller Take Back |
Source: Public Records
Similar Homes in the area
Source: Santa Barbara Multiple Listing Service
MLS Number: 24-2353
APN: 037-180-012
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