Welcome to 1231 E Mason, an exceptional trophy investment of three turnkey cottages with shovel-ready plans for 2 additional cottages approved(850 SF ADU's). The existing three cottages have been remodeled extensively with current rents grossing $10,450 per month. The front cottage has 2 bedrooms, 2 bathrooms, a fenced-in front yard, a separate driveway, and parking for 6 vehicles. The tastefully updated back two cottages have mirrored floor plans with 2 bedrooms, 1 bathroom, single-car garages, no shared walls, and large fenced-in private backyards. This unique investment rests on a tranquil oversized lot(.43 acres) along Sycamore Creek with a community garden in the rear. Surely not one to be missed with close access to East Beach and the 101 freeway.
Property Details
Property Features
Property Information:
Year Built: 1925
Listing Office:
Office Name: Big Block Realty, Inc.
Office Phone: (619) 393-6633
Listing Agent: Austin Jones
Interior Features
Interior Information:
Flooring Type: Hardwood, Tile
Lot Features
Lot Information:
Lot: Near Public Transit
Utilities
Utilities Information:
Heating: Other
School Info
Assigned Schools Information:
Santa Barbara Senior High School, Public District Grades 9-12
Santa Barbara Junior High School, Public District Grades 7-8
Franklin Elementary School, Public District Grades KG-6
Santa Barbara Community Academy, Public District Grades KG-6
Price Information
Listing Price Info
Price Summary:
List Price: $2,599,000
Tax Information:
Annual Amount: $1,386
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: Santa Barbara Multiple Listing Service
MLS Number: #23-3444
Listing Office:
Office Name: Big Block Realty, Inc.
Office Phone: (619) 393-6633
Listing Agent: Austin Jones
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by other are marked with the “MLS” logo and detailed information about them includes the name of the listing brokers. Based on information from the Santa Barbara MLS. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Displays of minimal information (e.g., “thumbnails”, text messages, “tweets”, etc., of two hundred [200] characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. Audio delivery of listing content is exempt from this disclosure requirement only when all required disclosures are subsequently delivered electronically to the registered consumer performing the property search or linked to through the device’s application. Copyright 2024 Santa Barbara Multiple Listing Service. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/28/2024, 3:20:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$1,386
$128,374
2020
$1,386
$127,059
2019
$1,342
$124,568
2018
$1,342
$122,127
2017
$1,298
$119,733
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13K
Per Month
Principal & Interest
$12.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,858
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
Franklin Elementary School
1111 E Mason St
Distance between this listing and this school0.17 miles
Public District Grades KG-6
4
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school2.92 miles
Public District Grades KG-6
Middle School
3
/10
Santa Barbara Junior High School
721 E Cota St
Distance between this listing and this school0.70 miles
Public District Grades 7-8
High School
6
/10
Santa Barbara Senior High School
700 E Anapamu St
Distance between this listing and this school1.23 miles
Public District Grades 9-12
Assigned Schools
7
/10
Franklin Elementary School
1111 E Mason St
Distance between this listing and this school0.17 miles
Public District Grades KG-6
4
/10
Santa Barbara Community Academy
850 Portesuello Ave
Distance between this listing and this school2.92 miles
Public District Grades KG-6
Nearby Schools
2
/10
Adelante Charter
1102 E Yanonali St
Distance between this listing and this school0.19 miles
Public Charter Grades KG-6
Assigned Schools
3
/10
Santa Barbara Junior High School
721 E Cota St
Distance between this listing and this school0.70 miles
Public District Grades 7-8
Nearby Schools
4
/10
La Cumbre Junior High School
2255 Modoc Rd
Distance between this listing and this school2.84 miles
Public District Grades 7-8
6
/10
La Colina Junior High School
4025 Foothill Rd
Distance between this listing and this school4.81 miles
Public District Grades 7-8
Assigned Schools
6
/10
Santa Barbara Senior High School
700 E Anapamu St
Distance between this listing and this school1.23 miles
Public District Grades 9-12
Nearby Schools
6
/10
San Marcos Senior High School
4750 Hollister Ave
Distance between this listing and this school6.37 miles
Public District Grades 9-12
1
/10
Rincon High (Continuation)
4698 Foothill Rd
Distance between this listing and this school9.03 miles
The neighbors living near this home have an average income of $64,212. Most Santa Barbara County, CA residents have annual incomes between $35k-100k. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1231 E Mason St in Santa Barbara, CA and zip code 93103 in the Eastside neighborhood. This home was built in 1925. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $2,599,000.
While more than 58 listings in Santa Barbara County, CA in March 2024 were sold above asking price, there were more than 35 listings sold at asking price, and more than 64 were sold below. The number of homes for sale in Santa Barbara County, CA increased by 5.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $1,219,929, while the average time on the real estate market was 33 days.
From Rocket Homes Real Estate and based on county public records data.