987 Cheltenham Rd
Santa Barbara, CA 93105
3 bd 3 ba 2,203 sqft Built 1948 Lot 9,583 sqft single_family
Most recent sale
$2,200,000
Nov 22, 2023
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 27, 2024 | Sold | $2,275,000 | SantaBarbara |
| Jun 19, 2024 | Price changed | $2,400,000 | SantaBarbara |
| Apr 5, 2024 | Listed | $2,500,000 | SantaBarbara |
| Nov 22, 2023 | Sold | $2,200,000 | SantaBarbara |
| Jun 5, 2008 | Sold | $750,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $1,200,000 | $1,075,000 | $2,275,000 | $24,344 |
| 2024 | $1,200,000 | $1,075,000 | $2,275,000 | $23,612 |
| 2023 | $441,871 | $504,998 | $946,869 | $10,309 |
| 2022 | $433,207 | $495,097 | $928,304 | $10,136 |
| 2021 | $424,713 | $485,390 | $910,103 | $9,908 |
| 2020 | $420,359 | $480,413 | $900,772 | $9,809 |
| 2019 | $412,117 | $470,994 | $883,111 | $9,637 |
| 2018 | $404,037 | $461,759 | $865,796 | $9,499 |
| 2017 | $384,000 | $438,000 | $822,000 | $8,894 |
| 2016 | $366,000 | $417,000 | $783,000 | $8,470 |
| 2015 | $359,000 | $409,000 | $768,000 | $8,345 |
| 2014 | $326,000 | $372,000 | $698,000 | $8,182 |
| 2013 | $296,100 | $338,400 | $634,500 | $7,487 |
| 2012 | $296,100 | $338,400 | $634,500 | $7,332 |
| 2010 | $296,100 | $338,400 | $634,500 | $7,295 |
| 2009 | $315,000 | $360,000 | $675,000 | $7,695 |
| 2008 | $92,181 | $36,926 | $129,107 | $1,896 |
| 2007 | $90,374 | $36,202 | $126,576 | $1,825 |
Property facts
Year built
1948
Property type
single_family
Stories
—
Beds
3
Baths
3
Living area
2,203 sqft
Lot size
9,583 sqft
ZIP code
93105
City
Santa Barbara
Street
Cheltenham Rd
Coordinates
34.44967, -119.71504
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,050
Gross rental yield
3.85%
Implied cap rate
2.50%
Trend-extrapolated value
—
Frequently asked questions
When did 987 Cheltenham Rd last sell?
987 Cheltenham Rd most recently sold on Nov 22, 2023 for $2,200,000.
What is the current tax assessment for 987 Cheltenham Rd?
The most recent total assessment for 987 Cheltenham Rd (year 2025) is $2,275,000 with $24,344 in property tax.
How does 987 Cheltenham Rd's assessment compare to its last sale price?
The current assessment is 3.4% above the last sale price of $2,200,000.
When was 987 Cheltenham Rd built?
987 Cheltenham Rd was built in 1948.
How does 987 Cheltenham Rd compare to others on Cheltenham Rd?
We track 8 other properties on Cheltenham Rd. Browse the list under "Other properties on Cheltenham Rd" to compare beds, baths, and sale history.
What are the property facts for 987 Cheltenham Rd?
987 Cheltenham Rd is a 3 bed, 3 bath, 2,203 sqft, 9,583 sqft lot single_family.
Is 987 Cheltenham Rd a flip candidate?
No — 987 Cheltenham Rd does not appear in our flips dataset.
Is 987 Cheltenham Rd a tax-appeal candidate?
No — 987 Cheltenham Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.7%
Implied 1-yr
-10.7%
2026 Q3
$1.71M
2026 Q4
$1.66M
ZIP 93105 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cheltenham Rd