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3040 Gibraltar RD Santa Barbara, CA 93105
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Key Details
Sold Price $3,500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 5,296 sqft
Price per Sqft $660
Subdivision Santa Barbara: Other (80)
MLS Listing ID SR23001289
Sold Date 03/08/24
Bedrooms 6
Full Baths 5
Half Baths 1
HOA Y/N No
Year Built 2022
Lot Size 2.980 Acres
Property 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 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.
Location
State CA
County Santa Barbara
Area Vc81 - Santa Barbara
Zoning 40-E-1
Rooms
Basement Unfinished
Main Level Bedrooms 2
Interior
Interior Features See Remarks, Unfurnished
Heating None
Cooling None
Flooring See Remarks
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage See Remarks
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Mountainous
Utilities Available None, See Remarks
View Y/N Yes
View City Lights, Coastline, Harbor, Mountain(s), Ocean
Roof Type See Remarks
Accessibility Other, See Remarks
Porch See Remarks
Attached Garage Yes
Total Parking Spaces 4
Private Pool No
Building
Lot Description Lot Over 40000 Sqft
Story Three Or More
Entry Level Three Or More
Foundation See Remarks
Sewer Unknown
Water See Remarks
Architectural Style See Remarks
Level or Stories Three Or More
New Construction Yes
Schools
School District Other
Others
Senior Community No
Tax ID 153280020
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
Special Listing Condition Real Estate Owned
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Bought with Jennifer Conklin • Allison James Estates & Homes
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