NOT LISTED FOR SALE

1014 Sumner St Santa Cruz, CA 95062

Upper Seabright Neighborhood

Estimated Value: $1,185,000 - $1,486,000

3 Beds
2 Baths
1,638 Sq Ft
$830/Sq Ft Est. Value

Last Sold October 16, 2013

Last sale price $675,000 $412 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $7,962/month

9 Days on Market

Highlights

  • Wood Flooring
  • Level Lot
  • 1-Story Property
  • Mission Hill Middle School Rated A-

About This Home

As of October 2013

What more could you ask for than this Seabright/mid-town/sunbelt duplex location? Within walking and biking range to Whole Foods/ shopping, restaurants, beach & downtown. Clean 2BR/1BA & 1BR/1BA units on large, sunny lot, large yard in rear unit, refinished hardwood floors and laundry room in both units. Private garage in front. Great investor property or live in one and rent out the other.

Last Agent to Sell the Property

Michael Bloch

Christie's International Real Estate Sereno License #01382661 Listed on: 08/27/2013

Christie's International Real Estate Sereno

Last Buyer's Agent

Datta Khalsa

Main Street Realtors License #01161050

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,384

Year Built

  • 1946

Lot Details

  • Level Lot
  • Sprinkler System

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,638 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile
  • Vinyl

Parking

  • Private Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $34,200
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 1,638 Sq Ft Building

Building Details

  • Operating Expense $942
  • Gross Income $34,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,384

Year Built

1946

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 67
  • Inspections Reports: Fault Zone, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 412.09
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1638
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Kitchen: Oven Range, Varies By Unit, Refrigerator
  • Living Sq Ft: 1638
  • Stories: 1
  • Laundry: Laundry Area - In All Units, Laundry Area - In Unit
  • Flooring: Tile, Carpet - Wall To Wall, Hardwood, Vinyl / Linoleum

Exterior Features

  • Roof: Composition
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Santa Cruz County Office of Education

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6011.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6011.00
  • Lot Size Area Min Search: 6011.00
  • Maximum Lot Size: 6011.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.44

Multi Family

  • Expenses Total: 942
  • Income Annual Gross: 34200.00
  • Income Annual Rental: 34200
  • Income Gross Scheduled: 34200
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Fee - Property Management
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2018
Sold by
Ressler Eric Thomas
Bought by
Ressler Molly Ellen and Ressler Eric Thomas
Current Estimated Value
$1,359,520

Purchase Details

Closed on
Dec 15, 2017
Sold by
Ressler Thomas and Ressler Patricia
Bought by
Ressler Eric and Eric Ressler Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Outstanding Balance
$76,145
Interest Rate
3.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,270,411

Purchase Details

Listed on
Aug 27, 2013
Closed on
Oct 11, 2013
Sold by
Lambie Richard and Trust Agreement With Myrtle Fo
Bought by
Ressler Eric and Ressler Patricia
Seller's Agent
Michael Bloch
Christie's International Real Estate Sereno
Buyer's Agent
Datta Khalsa
Main Street Realtors
List Price
$665,000
Sold Price
$675,000
Premium/Discount to List
$10,000
1.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%
Original Mortgage
$533,850
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2011
Sold by
Lambie Richard and Trust Agreement With Myrtle Fo
Bought by
Lambie Richard and Trust Agreement With Myrtle Fo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 1997
Sold by
Comerica Bank California
Bought by
Lambie Richard and Lambie Myrtle Formway
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ressler Molly Ellen -- None Available
Ressler Eric Thomas -- None Available
Ressler Eric $90,000 First American Title Company
Ressler Eric $675,000 First American Title Company
Lambie Richard -- North American Title Co Inc
Lambie Richard -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ressler Eric $90,000
Previous Owner Ressler Eric $517,710
Previous Owner Ressler Eric $533,850
Previous Owner Lambie Richard $200,000
Previous Owner Lambie Richard $118,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2013 10/16/13 Sold $675,000 +1.5% $412 / Sq Ft
09/05/2013 09/05/13 Pending -- -- --
08/27/2013 08/27/13 For Sale $665,000 -- $406 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $9,384 $827,458 $537,848 $289,610
2023 $9,272 $795,326 $516,962 $278,364
2022 $9,170 $779,732 $506,826 $272,906
2021 $8,982 $764,443 $496,888 $267,555
2020 $8,913 $756,605 $491,793 $264,812
2019 $8,721 $741,769 $482,150 $259,619
2018 $8,624 $727,225 $472,697 $254,528
2017 $8,515 $712,966 $463,428 $249,538
2016 $8,052 $698,986 $454,341 $244,645
2015 $7,812 $688,486 $447,516 $240,970
2014 $7,682 $675,000 $438,750 $236,250
Source: Public Records

Agents Affiliated with this Home

  • Michael Bloch

    Seller's Agent in 2013

    Michael Bloch

    Sereno Group

    (831) 588-1588

    5 in this area

    141 Total Sales

    Michael Bloch
    Section Image
  • Datta Khalsa

    Buyer's Agent in 2013

    Datta Khalsa

    Main Street Realtors

    (831) 818-0181

    2 in this area

    83 Total Sales

    Datta Khalsa
    Section Image
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Map

Source: MLSListings

MLS Number: ML81331664

MLSListings

APN: 011-013-09-000

California Santa Cruz County Santa Cruz 95062 Upper Seabright

1014 Sumner St, Santa Cruz, CA

This home is located at 1014 Sumner St, Santa Cruz, CA 95062 since 27 August 2013 and is currently estimated at $1,359,520, approximately $829 per square foot. This property was built in 1946. 1014 Sumner St is a home located in Santa Cruz County with nearby schools including De Laveaga Elementary School, Mission Hill Middle School, and Harbor High School.

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