For SaleRisky Deal114 days on market
515 Mills Way
515 Mills Way, Goleta, CA 93117, Goleta, CA 93117
$1,395,000
Estimate®:$1,398,000$3,000 Under Market
Listing Price
515 Mills Way, Goleta, CA 93117
Loc: Goleta, CA
Days Listed
114
Tax Assessed
$150k
Estimate®
$1398k
0% Under Valued
Lot Size
8,276 sqft
Rent Estimate
$6,191/mo
Est. Cash Flow base
Type
single family
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 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
Single Family Residence1968Forced AirGarage$300 annually8,276 sqft113 Days$832
Haven AI Verdict
Recommendation
Risky
Confidence Score: 5/10
Exercise caution due to potential market volatility.
Cap Rate
3.42%
Total ROI
33.2%
Cash Flow
$-3,263/mo
DSCR
0.55
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-3,263/mo net cash flow with a 3.4% 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 |
|---|---|---|---|
| 2026-09-01 | Price change | $1,395,000 | $832 |
| 2026-07-30 | Price change | $1,410,000 | $841 |
| 2026-07-07 | Price change | $1,425,000 | $850 |
| 2026-06-15 | Price change | $1,450,000 | $865 |
| 2026-06-03 | Pending sale | $1,475,000 | $880 |
| 2026-05-26 | Listed for sale | $1,475,000 | $880 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2026 | $0 | $149,656 |
| 2025 | $2,051.1 | $146,722 |
| 2024 | $1,924.66 | $143,846 |
| 2023 | $1,817.18 | $141,027 |
| 2022 | $1,742.34 | $138,263 |
| 2021 | $1,713.66 | $135,553 |
| 2020 | $1,674.58 | $134,164 |
| 2019 | $1,646.88 | $131,535 |
| 2018 | $1,618.78 | $128,956 |
| 2017 | $1,594.42 | $126,429 |
| 2016 | $1,577.48 | $123,951 |
| 2015 | $1,500.8 | $122,090 |
| 2014 | $1,500.8 | $119,699 |
| 2012 | $0 | $116,824 |
| 2011 | $0 | $114,535 |
| 2010 | $0 | $113,680 |
| 2009 | $0 | $113,951 |
| 2008 | $0 | $111,718 |
| 2007 | $0 | $109,528 |
| 2006 | $0 | $107,381 |
| 2005 | $0 | $105,277 |
| 2003 | $0 | $101,322 |
| 2002 | $0 | $99,336 |
| 2001 | $0 | $97,389 |
| 2000 | $0 | $95,480 |
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