618 ORCHARD Avenue, MONTECITO, CA 93108
$1,034,000
Property Type:
Res Inc
Lot Size (sq. ft.):
6,970
Status:
Closed
Current Price:
$1,034,000
List Date:
3/13/2012
Last Modified:
4/24/2023
Description
Prime Montecito residential income and vacation rental, seller bringing in $7,800-$9,600 per month in high season. 3bd/3ba architect designed island style with desirable contemporary floor plan. This precision built 2300 sq. ft. home on a raised foundation meets or exceeds every building code required by Montecito and was awarded the Energy Efficient Green Stamp of Approval by the IBRC.
More Information MLS# 12-741
Location Info
District: 10 - MONTECITO
Street #: 618
Street Name: ORCHARD
Street Suffix: Avenue
State/Province: CA
Postal Code: 93108
Compass Map: Santa Barbara
Map Grid: U11
County: Santa Barbara
Parcel Number: 007-162-020
Cross Street: East Valley Road
Contract Info
Current Price: $1,034,000
Price: 1095000
Buyers Agent $/%: 3
Begin Date: 2012-03-05
Status: Closed
Status Information
Sold Date: 2012-07-26
Sold Price: $1,034,000
Under Contract Date: 2012-07-06
Property Information
Number of Units: 1
Year Built: 2010
Apx # Acres: 0.16
Assessor's Data
Assessor Year Built: 2010
Assessor SqFt: 2313
Assessor Lot Acres: 0.16
Neighborhood/Schools
Neighborhood: Other
Elementary School: Mont Union
Junior High School: S.B. Jr.
High School: S.B. Sr.
Remarks
Hot Sheet Comment: new
Owner Info
Deposit: 3
Unit 1
# Units: 1
# Bedrooms: 3
# Baths: 3
# Half Baths: 3
Furnished: Y
Rent: 7800
Monthly Total: 7900
Income/Expenses
Total Monthly Income: 7800
Annual Income: 93600
Capitalization Rate: 8%
Taxes: 10000
Insurance: 850
Water Expense: 100
Electric Expense: 65
Gas Expense: 45
Trash Expense: 40
Maintenance Expense: 100
Total Monthly Exp: 395
Total Annual Exp: 14991
NOI: 78610
Meters
Sep Meter Wtr: Y
Sep Meter Elec: Y
Sep Meter Gas: Yes
Property Features
Unit 1: M/M
Condition: Excellent
Foundation: Raised
Parking Info: Gar #2
Proximity: Near Bus; Near Hospital; Near Ocean; Near Park(s); Near School(s); Near Shopping
Laundry: Laundry Room
Amenities: Deck; Fireplace; Gas Stove; Dishwasher; Disposal; Microwave; Compactor; Washer; Dryer; Refrigerator; Insul T/O; Cable TV; Fncd All
Flr/Wdw Coverings: Carpet; Hardwood; Tile
Security: Smoke Detector(s)
Heating/Cooling: GFA; Ceiling Fan(s)
Pets: No
Owner Provides: Heat; Elec; Gas; Water
Zoning: R-1
Reports Available: TDS; Pest Inspection; Build Permit; NHD
Terms: Cash; Ctnl
Listing Type: ER
Listing Office: Sotheby's International Realty
Last Updated: April - 24 - 2023
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