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  • $1,550,000

    2487 Banner Ave, Summerland, CA 93067

    2beds
    --sqft
    Single Family Residence
    Built in ----
    6,098 Square Feet Lot
    $2,041,000 Zestimate®
    $--/sqft
    $7,663 Estimated rent

    Home value

    $2,041,000

    $1.80M - $2.35M

    $7,663/mo

    Zestimate® history
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    What's special

    Spacious lot sizeArt galleriesVibrant cultural scene
    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 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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jonathan E Gilkeson 01898328 805-335-4749,

    eXp Realty of California, Inc.,

    Zia Group 01710544 805-364-9009,

    eXp Realty of California, Inc.

    Bought with:

    Non Member Agent

    Non Member Office

    Source: SBMLS,MLS#: 23-2169MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Wall Furnace
    Appliances
    • Included: Refrigerator, Gas Cooktop
    • Laundry: None
    Features
    • Flooring: Laminate, Hardwood
    • Windows: Drapes, Blinds
    • Has fireplace: No

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached
    • Garage spaces: 3
    Features
    • Levels: Single Story
    • Patio & porch: Deck
    • Has view: Yes
    • View description: Islands, Ocean, Setting, Partial/Filtered
    • Has water view: Yes
    • Water view: Islands,Ocean
    Lot
    • Size: 6,098 Square Feet
    • Features: Rolling Slope, Sloped Down
    • Topography: Downslope, Rolly
    Details
    • Additional structures: Workshop
    • Parcel number: 005193009
    • Zoning: R-2

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch,Craftsman
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding
    • Foundation: Raised
    • Roof: Composition
    Condition
    • Good

    Utilities & green energy

    • Sewer: Sewer Hookup

    Community & HOA

    Community
    • Subdivision: 05 - Summerland
    Location
    • Region: Summerland

    Financial & listing details

    • Tax assessed value: $1,233,300
    • Annual tax amount: $15,715
    • Date on market: 7/24/2023
    • Cumulative days on market: 12 days
    • Listing terms: Cash,Ctnl

    Price history

    DateEventPrice
    10/4/2023Sold$1,550,000+3.7%
    Source: SBMLS #23-2169 Report a problem
    8/4/2023Pending sale$1,495,000
    Source: SBMLS #23-2169 Report a problem
    7/24/2023Listed for sale$1,495,000
    Source: SBMLS #23-2169 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$15,715 -16.3%$1,233,300 -20.4%
    2024$18,766 +488.1%$1,550,000 +2375.2%
    2023$3,191 +0.1%$62,621 +2%
    2022$3,189 +3.3%$61,394 +2%
    2021$3,088 +2.9%$60,191 +1%
    2020$3,001 +4.1%$59,575 +2%
    2019$2,883 +3.1%$58,408 +2%
    2018$2,796 +3.1%$57,264 +2%
    2017$2,713 +2.7%$56,142 +2%
    2016$2,642 +6.3%$55,042 +1.5%
    2015$2,485 $54,216 +2%
    2014$2,485 $53,155 +2.5%
    2012-- $51,879 +2%
    2011-- $50,863 +0.8%
    2010-- $50,483 -0.2%
    2009-- $50,604 +2%
    2008-- $49,613 +2%
    2007-- $48,641 +2%
    2006-- $47,688 +2%
    2005-- $46,754 +3.9%
    2003-- $44,999 +2%
    2002-- $44,117 +2%
    2001-- $43,253 +2%
    2000-- $42,406
    Find assessor info on the county website

    Neighborhood: 93067

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Summerland

    Source: SBMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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