For SaleRisky Deal8 days on market
562 Mills Way
562 Mills Way, Goleta, CA 93117, Goleta, CA 93117
$825,000
Estimate®:$810,000
Listing Price
562 Mills Way, Goleta, CA 93117
Loc: Goleta, CA
Days Listed
8
Tax Assessed
$300k
Estimate®
$810k
Market Rate
Lot Size
436 sqft
Rent Estimate
$4,102/mo
Est. Cash Flow base
Type
condo
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
8
Isla Vista Elementary School
K-6
0.5 mi away
N/A
Learning Tree Preschool
Elementary
3.1 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Condominium1973Radiant1 Garage space$707 monthly8 Days$781
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.72%
Total ROI
39.7%
Cash Flow
$-1,723/mo
DSCR
0.60
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,723/mo net cash flow with a 3.7% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in Goleta, CA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-17 | Listed for sale | $825,000 | $781 |
| 2011-01-24 | Sold | $200,000 | $189 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $300,207 |
| 2025 | $3,669.02 | $294,321 |
| 2024 | $3,514.58 | $288,551 |
| 2023 | $3,382.58 | $282,894 |
| 2022 | $3,282.5 | $277,348 |
| 2021 | $3,229.6 | $271,911 |
| 2020 | $3,149.82 | $269,123 |
| 2019 | $3,095.88 | $263,847 |
| 2018 | $3,041.4 | $258,674 |
| 2017 | $2,994.9 | $253,603 |
| 2016 | $2,938.7 | $248,632 |
| 2015 | $2,887.66 | $244,899 |
| 2014 | $2,827.84 | $240,103 |
| 2012 | $0 | $234,333 |
| 2011 | $0 | $59,478 |
| 2010 | $0 | $59,035 |
| 2009 | $0 | $59,176 |
| 2008 | $0 | $58,016 |
| 2007 | $0 | $56,880 |
| 2006 | $0 | $55,766 |
| 2005 | $0 | $54,674 |
| 2003 | $0 | $52,621 |
| 2002 | $0 | $51,590 |
| 2001 | $0 | $50,579 |
| 2000 | $0 | $49,588 |
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