Amy Abbott & Kristin Hall | Berkshire Hathaway HomeServices

2487 Banner Avenue, SUMMERLAND, CA 93067

$1,550,000
Property Type: Res Bedrooms: 2 Baths: 2 Lot Size (sq. ft.): 6,098 Status: Closed
Current Price: $1,550,000 List Date: 7/24/2023 Last Modified: 9/14/2024

Description

Enjoy one of the last remaining original duplexes overlooking the Pacific Ocean in the picturesque town of Summerland, California. This exceptional property offers boundless potential and flexibility, making it an ideal investment opportunity or a perfect place to call home. Situated in the coveted Coastal Zone, this duplex opens the door to a world of possibilities. This property provides an exceptional space that serves as a lucrative income-generating asset. With its unique layout, you have the option to live in one unit and rent out the other, providing a steady stream of rental income. Plus a detached 3 car garage opens up more possibilities. The property's true potential lies in its adaptability. The spacious lot size may allow expansion presenting an incredible opportunity for

Supplements: development. Whether you envision expanding the existing duplex or creating an entirely new structure as an ADU, the choice is yours. (buyer to verify) With the Coastal Zone designation, you can explore legal short-term rentals, further maximizing your income potential. Located in a prime location near Summerland's charming downtown area. Take a leisurely stroll to local boutiques, restaurants, and cafes, immersing yourself in the relaxed coastal lifestyle. The nearby beaches beckon you to indulge in water activities or simply unwind on the sandy shores. The property's strategic location also grants easy access to the region's renowned attractions. Explore the nearby Santa Barbara Riviera, where you can revel in stunning views or indulge in world-class shopping along State Street. The vibrant cultural scene, art galleries, and award-winning wineries further enrich the experience of living in this captivating coastal region. Whether you're seeking a profitable investment or a coastal haven to call your own, this property offers the flexibility and income-generating possibilities that dreams are made of. Embrace the coastal lifestyle, embrace the opportunity - this duplex awaits your vision.

More Information MLS# 23-2169

Location Info

Country: US Compass Map: Santa Barbara Map Grid: V12 Cross Street: Olive Street District: 05 - CARPINTERIA-SUMMERLAND Street #: 2487 Street Name: Banner Street Suffix: Avenue State: CA Postal Code: 93067 County: Santa Barbara Parcel Number: 005-193-009

Contract Info

Buyers Agent $/%: 2.5 Affordable Housing: No Current Price: $1,550,000 Price: 1495000 Begin Date: 2023-07-24 Status: Closed

Property Information

Year Built: 0 Apx # Acres: 0.14 Total #Units: 2 Source: Other/See Remarks Recurring Fees: No ADU: No Within City Limits: Yes TYP: Home/Estate Total Bedrooms: 2 Total Bathrooms: 2 Total Full Baths: 2

Neighborhood/Schools

Elementary School: Summerland Junior High School: Other High School: Other

Owner Info

Deposit: 3

Remarks

Hot Sheet Comment: new Directions: Hwy 101 exit Padaro. Turn towards the mountains. Left on Via Real, right on Olive St., left on Banner Ave. 3rd house on the left. Geo Lat: 34.420403 Geo Lon: -119.594618

Condition

Good: 1

Style

Cal. Cottage: 1 Ranch: 1 Craftsman: 1

Construction

Single Story: 1

Roof

Composition: 1

Foundation

Raised: 1

Exterior

Wood Siding: 1

Parking/Garage

Gar #3: 1 Detached: 1 Total # Garage Spaces: 3

Other Buildings

Workshop: 1

Patio and Porch Features

Deck: 1

Location/Topo

Rolly: 1 Downslope: 1

View

Ocean: 1 Setting: 1 Partial/Filtered: 1 Islands: 1

Site Improvements

Public: 1 Paved: 1 Cable TV: 1

Proximity

Near Ocean: 1 Near Park(s): 1 Near School(s): 1 Near Shopping: 1 Restaurants: 1

Rooms

Ground Floor Bedroom: 1 Ground Floor Primary: 1

Dining

In Kitchen: 1 In Living Room: 1

Laundry

None: 1

Appliances Included

Gas Stove: 1 Refrigerator: 1

Security

Smoke Detector(s): 1

Water/Sewer

Sewer Hookup: 1

Zoning

R-2: 1

Reports Available

TDS: 1 Prelim: 1 NHD: 1

Terms

Cash: 1 Conventional: 1

Heating

Wall: 1 Wall Furnace: 1

Flr/Wdw Coverings

Hardwood: 1 Blinds: 1 Drapes: 1 Laminate: 1

Pub Listing Details

None: 1

Status Information

Sold Date: 2023-10-04 Sold Price: $1,550,000 Under Contract Date: 2023-08-04

NeighborhoodSchools

Neighborhood: 05 - Summerland

Property Features

Condition: Good Style: Cal. Cottage; Ranch; Craftsman Construction: Single Story Roof: Composition Foundation: Raised Exterior: Wood Siding Patio and Porch Features: Deck Other Buildings: Workshop View: Ocean; Setting; Partial/Filtered; Islands Site Improvements: Public; Paved; Cable TV Proximity: Near Ocean; Near Park(s); Near School(s); Near Shopping; Restaurants Rooms: Ground Floor Bedroom; Ground Floor Primary Dining: In Kitchen; In Living Room Laundry: None Appliances Included: Gas Stove; Refrigerator Security: Smoke Detector(s) Heating: Wall; Wall Furnace Zoning: R-2 Reports Available: TDS; Prelim; NHD Terms: Cash; Conventional Pub Listing Details: None
Listing Office: eXp Realty of California, Inc.
IDX
Last Updated: September - 14 - 2024
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