NOT LISTED FOR SALE

1001 Balboa Ave Unit A Capitola, CA 95010

Capitola Area

Estimated Value: $1,806,246

6 Beds
4 Baths
2,396 Sq Ft
$754/Sq Ft Est. Value

Sale Details

Date Sold: July 14, 2017

Last sale price $1,250,000 $522 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $11,445 / mo

59 Days on Market

Highlights

  • 0.26 Acre Lot
  • Double Pane Windows
  • Washer and Dryer
  • 3 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of July 2017

Once in a while an opportunity like this comes around in Capitola. Two units with 3 bedrooms and 2 bathrooms, inside laundry and large back yards. The units are across the street from New Brighton State Park! 2 car garage for unit A and 1 car garage for unit B + 3 off-street parking spaces! Almost 1/3 acre lot in Capitola! Imagine the possibilities, ultimate beach retreat with income, family compound and or just a couple of great rental units.

Last Agent to Sell the Property

Justin Bare

David Lyng Real Estate License #01773007 Listed on: 03/20/2017

David Lyng Real Estate

Last Buyer's Agent

Carie Sigur

Strock Real Estate License #01958183

Strock Real Estate
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 0.26

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,396 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Additional Features

  • 11,456 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $64,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,440
  • Manager Expense $4,800
  • Operating Expense $13,986
  • Gross Income $64,200

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

0.26 Acres

Parking

3

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2396
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 2396
  • Stories: 1
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.2630
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11456.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11456.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 20.17
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1440
  • Expense Management: 4800
  • Expenses Total: 13986
  • Income Annual Gross: 64200.00
  • Income Annual Rental: 64200
  • Income Gross Scheduled: 64200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2022
Sold by
Bought by
Current Estimated Value
$1,806,246

Purchase Details

Closed on
Mar 5, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$649,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 20, 2017
Closed on
Jul 3, 2017
Sold by
Bought by
Seller's Agent
Justin Bare
David Lyng Real Estate
Buyer's Agent
Carie Sigur
Strock Real Estate
List Price
$1,400,000
Sold Price
$1,250,000
Premium/Discount to List
-$150,000
-10.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$750,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
5.73%

Purchase Details

Closed on
Apr 18, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
6.87%

Purchase Details

Closed on
Apr 11, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,900
Interest Rate
6.87%

Purchase Details

Closed on
Nov 16, 2000
Sold by
Bought by

Purchase Details

Closed on
Feb 8, 1999
Sold by
Bought by

Purchase Details

Closed on
Jun 17, 1998
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Capitola, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
-- Pacific Coast Title Company
$1,250,000 First American Title Company
-- First American Title Co
-- --
-- First American Title Co
-- First American Title Co
-- --
-- First American Title Co
$435,000 First American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $649,000
Previous Owner $750,000
Previous Owner $413,100
Previous Owner $384,900
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/14/2017 07/14/17 Sold $1,250,000 -3.5% $522 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
05/08/2017 05/08/17 Price Changed $1,295,000 -4.1% $540 / Sq Ft
04/23/2017 04/23/17 Price Changed $1,350,000 -3.6% $563 / Sq Ft
03/20/2017 03/20/17 For Sale $1,400,000 -- $584 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $18,447 $1,450,732 $928,468 $522,264
2025 $17,219 $1,422,288 $910,264 $512,024
2023 $16,833 $1,367,056 $874,916 $492,140
2022 $16,629 $1,340,252 $857,762 $482,490
2021 $16,227 $1,313,972 $840,942 $473,030
2020 $16,045 $1,300,500 $832,320 $468,180
2019 $15,667 $1,275,000 $816,000 $459,000
2018 $15,403 $1,250,000 $800,000 $450,000
2017 $8,198 $598,490 $343,960 $254,530
2016 $7,746 $586,755 $337,216 $249,539
2015 $7,481 $577,942 $332,151 $245,791
2014 $7,321 $566,621 $325,645 $240,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81643042

MLSListings

APN: 036-232-12-000

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