3040 Gibraltar Road

Santa Barbara, CA 93105

$3,500,000
Last Sold Price
6
Beds
5
Baths
1
1/2 Bath
5,296 Sq. Ft.
$661 / Sq. Ft.
5,296
Sq. Ft.
$661
per Sq. Ft.

Description

REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with...REO Foreclosure Builder Investor Fix and Flip with income property potential. Live in or Rent out Guest House while finishing Construction. Incomplete new construction builder states approximately 80% completed. Main Estate house 4 BR 4.5 BA 4078 Sq ft. + 400 sq ft. Observation deck, according to the plans. Guest House built in 1982, 1BR and Loft and 2 BA 1151 Sq ft, with a laundry room according to the plans and is move in ready. Each has 4+ car parking. One of the highest homes in the hills with STUNNING OCEAN VIEWS OF SANTA BARBARA, THE COASTLINE, HARBOR AND CITY LIGHTS, CHANNEL ISLANDS, etc. This is a once in a lifetime opportunity for the right buyer. The Builder ran out of money during Covid restrictions and could not complete the buildout. Bring your builder or we have a builder who would love to complete the buildout. We have cost breakdowns and estimates available. Main house has 2 car garage to be finished in the construction.
  1. Listed by Melinda Bonini • DRE #01326360 • Brokerage DRE #01327139 • Coldwell Banker Exclusive • 818-422-7447
  2. Listed by Lou Lollio • DRE #00829436 • Brokerage DRE #00829436 • Lou Lollio

Property Details for 3040 Gibraltar Road

Architectural Style
See Remarks
View
City Lights, Coastline, Harbor, Mountain(s), Ocean
Parking Spaces Total
4
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor

Location

Listing Courtesy of Coldwell Banker Exclusive, Melinda Bonini, DRE #01326360; Lou Lollio, Lou Lollio, DRE #00829436

Sold By Allison James Estates & Homes, Jennifer Conklin, DRE #01711183

Add your commute
LISTING UPDATED: 03/08/2024 05:47 AM

Property Details for 3040 Gibraltar Road

StatusClosed
MLS #SR23001289
Days on Market314
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2022
Lot Size2.98 AC / 129,808 SF
CountySanta Barbara County

Location

Listing Courtesy of Coldwell Banker Exclusive, Melinda Bonini, DRE #01326360; Lou Lollio, Lou Lollio, DRE #00829436

Sold By Allison James Estates & Homes, Jennifer Conklin, DRE #01711183

Add your commute

Building Information for 3040 Gibraltar Road

Stories3Year Built2022Building Size-Lot Size2.98 AC / 129,808 SF

Payment Calculator

$20,200 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,101

Property Taxes

$1,099

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3040 Gibraltar Road

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Census Tract: 7.00
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 3
Community / Development
Community / Development
  • Accessibility Features: Other, See Remarks
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Mountainous
Property / Structure Info
Interior Features
  • Appliances: None
  • Equipment: N/K
  • Interior Features: Unfurnished
  • Room Type: See Remarks
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Eating Area: See Remarks
  • Basement: Unfinished
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
  • Heating Type: None
  • Heating: None
  • Heat Equipment: N/K
  • Floor Coverings: Other/Remarks
  • Flooring: See Remarks
Exterior Features
  • Window Features: Wood Frames
  • Roof: See Remarks
  • Foundation Details: See Remarks
  • Structure Type: House
  • Miscellaneous: Mountainous
  • View Description: City Lights, Coastline, Harbor, Ocean
  • Patio: Yes
  • Patio: Other/Remarks
  • Patio And Porch Features: See Remarks
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot Over 40000 Sqft
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Other/Remarks
  • Sewer: Unknown
  • Sewer/Septic: Unknown
  • Utilities: None, See Remarks
  • Electric: None, See Remarks
  • Water Source: See Remarks
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Non-Garage: See Remarks
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Attached Garage: Yes
  • Parking Features: See Remarks
Property / Structure Info
  • Builders Tract Name: Santa Barbara: Other
  • Builders Tract Code: Santa Barbara: Other (80)
  • Architectural Style: See Remarks
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 3040 Gibraltar Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3040 Gibraltar Road

Taxable ValueLand$568,913Additions$672,056Total$1,240,969
Tax Record2023$13,185 ($1,099 / month)
Home Facts
Beds1Total Finished SqFt1,296 SqFtAbove Grade Finished SqFt1,296 SqFtLot Size129,808 SqFtStyleMiscellaneous ResidentialYear Built1982CountySANTA BARBARAAPN153-280-020

Schools near 3040 Gibraltar Road

This home is within Santa Barbara Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 6
Rating
School
Distance
Cleveland Elementary School
PublicK to 6

Santa Barbara Junior High School
Public7 to 8

Santa Barbara Senior High School
Public9 to 12

Adelante Charter School
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Exclusive, Melinda Bonini, DRE #01326360; Lou Lollio, Lou Lollio, DRE #00829436

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.