$1,932,500
●
House -
Off Market
844 Ferrelo Place
Santa Barbara, CA 93103
3 Beds
2 Baths,
1
Half Bath
2,030 Ft²
$2,705,230
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model
About This Property
Idyllic lower Riviera hideaway! Designer completed in 2020, this
home's contemporary styling, pristine interiors, & thoughtful
single-level floor plan is move-in ready. Panoramic folding glass
doors flood the great room w/ light & extend the living spaces to
the outdoor view patio. Ocean and island views are prominent above
the privacy wall. The kitchen perfectly unites design & utility,
with marble countertops, center island, floating shelves, custom
cabinetry, & high-end appliances. 3 bedrooms in total & 2.5
stylized baths, the primary bedroom offers 2 closets, new marble
bath, & French doors that open to the gardens w/ a spa hookup.
Situated at the end of a cul-de-sac in a desirable Riviera
location, in close proximity to all Santa Barbara has to offer.
Unit Size
2,030 Ft²
Days on Market
36 days
Land Size
0.27 acres
Price per sqft
$973
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1964
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 months ago (CLAW #20610310)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 28, 2020 | Sold | ||
| Sold | |||
| Jul 23, 2020 | Listed by Berkshire Hathaway HomeServices California | $1,975,000 | |
| Listed by Berkshire Hathaway HomeServices California | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Riviera
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Listed by: Marsha Kotlyar, Berkshire Hathaway HomeServices California
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 20610310
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 20610310
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