NOT LISTED FOR SALE

1024 Soquel Ave Santa Cruz, CA 95062

Soquel Avenue Corridor Neighborhood

Estimated Value: $1,695,071

0.27 Acre
$6,186,391 Price per Acre
11,935 Sq Ft Lot

Last Sold December 05, 2023

Last sale price $1,643,250

Est. 3% increase in value since last sale

Current estimated payment $10,755/month

29 Days on Market

About This Lot

As of December 2023

Vacant lot on corner of Cayuga St & Soquel Ave in the heart of the desirable Seabright neighborhood of Santa Cruz. Huge development opportunity, with potential for increased density. Current approvals for multi-family development with first story commercial. Approval of a minor variation to increase the height to 40, which allows for the potential of ADUs. Probable project to add significant increased density potential with AB-2097, while reducing parking requirements. Additionally, this property is located in census tract 1010, which the City of Santa Cruz has designated as an Opportunity Zone- tax incentives for investment designed to spur growth. This is a rare opportunity for an approved development project in the Seabright area- centrally located to Seabright beach, Downtown Santa Cruz, and Pleasure point area. Walking distance to restaurants, shopping, coffee, grocery stores, post office, with abundant public transportation in close proximity.

Last Agent to Sell the Property

Erik Barbic

Sherman & Boone Realtors License #01736370 Listed on: 06/13/2023

Last Buyer's Agent

Datta Khalsa

Main Street Realtors License #01161050

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,225

Lot Details

  • 0.27 Acre Lot
  • Chain Link Fence

Property Details

Property Type

Land

Est. Annual Taxes

$18,225

Lot Details

0

Listing Details

  • Zoning: CC
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Have Building Plans, Site Plan Approved
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Chain Link

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High
  • Elementary School: Gault Elementary
  • Middle School: Branciforte Middle School
  • High School: Harbor High
  • High School: 851
  • Elementary School: 844
  • Middle School: 37459

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.2740
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11935.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11935.00
  • Parcel Access: City Street

Multi Family

  • Utilities: Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2023
Closed on
Dec 4, 2023
Sold by
Swift John
Bought by
Union 402 Building Llc
Seller's Agent
Erik Barbic
Sherman & Boone Realtors
Buyer's Agent
Datta Khalsa
Main Street Realtors
List Price
$1,700,000
Sold Price
$1,643,250
Premium/Discount to List
-$56,750
-3.34%
Views
24
Current Estimated Value
$1,695,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,821
Avg. Annual Appreciation
-0.68%

Purchase Details

Closed on
Mar 6, 2006
Sold by
Cfsc Inc
Bought by
Swift John and Hamilton Deidre E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 2, 2006
Sold by
United Methodist Church Of Santa Cruz
Bought by
Cfsc Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
6.08%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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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
Union 402 Building Llc $1,644,000 First American Title
Swift John $663,000 Santa Cruz Title Company
Cfsc Inc $2,250,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cfsc Inc $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/05/2023 12/05/23 Sold $1,643,250 -3.3% --
07/13/2023 07/13/23 Pending -- -- --
06/13/2023 06/13/23 For Sale $1,700,000 -- --
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 $18,225 $1,676,625 $1,676,625 --
2023 $9,882 $870,867 $870,867 $0
2022 $9,771 $853,791 $853,791 $0
2021 $9,566 $837,050 $837,050 $0
2020 $9,491 $828,467 $828,467 $0
2019 $9,331 $812,222 $812,222 $0
2018 $9,225 $796,297 $796,297 $0
2017 $9,057 $780,682 $780,682 $0
2016 $8,550 $765,374 $765,374 $0
2015 $6,068 $538,000 $538,000 $0
2014 $6,081 $538,000 $538,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Erik Barbic

    Seller's Agent in 2023

    Erik Barbic

    Sherman & Boone Realtors

    (831) 464-5039

    1 in this area

    35 Total Sales

    Section Image
  • Datta Khalsa

    Buyer's Agent in 2023

    Datta Khalsa

    Main Street Realtors

    (831) 818-0181

    2 in this area

    86 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81931634

MLSListings

APN: 010-072-78-000

California Santa Cruz County Santa Cruz 95062 Soquel Avenue Corridor

1024 Soquel Ave, Santa Cruz, CA

This home is located at 1024 Soquel Ave, Santa Cruz, CA 95062 since 13 June 2023 and is currently estimated at $1,695,071. 1024 Soquel Ave 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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