NOT LISTED FOR SALE

109 Cherry Ave Capitola, CA 95010

Estimated Value: $2,089,000 - $2,514,000

4 Beds
3 Baths
1,790 Sq Ft
$1,285/Sq Ft Est. Value

Last Sold June 18, 2021

Last sale price $2,010,000 $1,123 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $14,378/month

11 Days on Market

Highlights

  • 2 Car Attached Garage
  • Heating Available
  • 2-minute walk to Hihn Park
  • Main Street Elementary School Rated A-

About This Home

As of June 2021

Capitola Village Beach Getaway!! This spacious duplex offers open floor plans, bright and cheerful living rooms and ample kitchens. Both units have one bedroom on the ground floor and one on the main floor, deep garages. There is also an onsite laundry room and carport. So close to the beach you can hear the waves and smell the sea. Perfect for an investor that would like to have a beach getaway of their own as well. Great earnings potential!

Last Agent to Sell the Property

Mark Chiavetta

Coldwell Banker Realty License #01376400 Listed on: 05/07/2021

Coldwell Banker Realty

Last Buyer's Agent

Jessyka Sommers

David Lyng Real Estate License #01868652

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,491

Year Built

  • 1978

Lot Details

  • 2,178

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Garage Door Opener

Home Design

  • 1,790 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Composition Roof

Additional Features

  • 2,178 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $91,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,727
  • Maintenance Expense $16,792
  • Manager Expense $12,795
  • Operating Expense $43,591
  • Gross Income $91,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,491

Year Built

1978

Lot Details

0

Parking

2

Listing Details

  • Zoning: Res
  • Subclass: Duplex
  • Age: 43
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1790
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 1790

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Carport, Gate / Door Opener
  • Carport Min: 1

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.0500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2178.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2178.00

Rental Info

  • Gross Rent Multiplier: 18.63
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2727
  • Expense Maintenance: 16792
  • Expense Management: 12795
  • Expenses Total: 43591
  • Income Annual Gross: 91200.00
  • Income Annual Rental: 91200
  • Income Gross Scheduled: 91200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Utilities
  • Tenant Expenses: Rent Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 16, 2021
Sold by
Kenney William E and Kenney Julie
Bought by
Whitelaw Ryan J and Whitelaw Claire E
Seller's Agent
Mark Chiavetta
Coldwell Banker Realty
Buyer's Agent
Jessyka Sommers
David Lyng Real Estate
List Price
$1,699,000
Sold Price
$2,010,000
Premium/Discount to List
$311,000
18.3%
Current Estimated Value
$2,299,996

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$289,996
Avg. Annual Appreciation
5.08%
Original Mortgage
$1,053,000
Outstanding Balance
$957,503
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,522,756

Purchase Details

Closed on
May 29, 2013
Sold by
Kenney William E and Kenney Julie T
Bought by
Kenney William E and Kenney Julie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2011
Sold by
Kenney William E and Kenney Julie
Bought by
Kenney William E and Kenney Julie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,731
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 5, 2011
Sold by
Tost Charles L and Cox Lois L
Bought by
Kenney William E and Kenney Julie T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,731
Interest Rate
4.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2003
Sold by
Ross Helen T and The Helen T Ross 2002 Trust
Bought by
Tost Charles L and Cox Lois L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$626,000
Interest Rate
5.71%

Purchase Details

Closed on
Aug 1, 2002
Sold by
Ross Helen
Bought by
Ross Helen T and The Helen T Ross 2002 Trust
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
Whitelaw Ryan J $2,010,000 Fidelity National Title Co
Kenney William E -- Placer Title Company
Kenney William E -- Placer Title Company
Kenney William E -- Stewart Title Of California
Kenney William E $767,000 Stewart Title Of California
Tost Charles L $783,000 First American Title Co
Ross Helen T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whitelaw Ryan J $1,053,000
Previous Owner Kenney William E $242,000
Previous Owner Kenney William E $224,731
Previous Owner Tost Charles L $626,000
Previous Owner Ross Helen T $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2021 06/18/21 Sold $2,010,000 +18.3% $1,123 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $1,699,000 -- $949 / 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 $25,491 $2,175,689 $1,650,709 $524,980
2023 $24,719 $2,091,204 $1,586,610 $504,594
2022 $24,458 $2,050,200 $1,555,500 $494,700
2021 $11,556 $890,029 $534,946 $355,083
2020 $11,412 $880,903 $529,461 $351,442
2019 $11,144 $863,630 $519,079 $344,551
2018 $10,942 $846,696 $508,901 $337,795
2017 $10,779 $830,095 $498,923 $331,172
2016 $10,174 $813,818 $489,140 $324,678
2015 $9,885 $801,594 $481,793 $319,801
2014 $9,686 $785,892 $472,355 $313,537
Source: Public Records

Agents Affiliated with this Home

  • Mark Chiavetta

    Seller's Agent in 2021

    Mark Chiavetta

    Coldwell Banker Realty

    (408) 425-2848

    3 in this area

    140 Total Sales

    Mark Chiavetta
    Section Image
  • Jessyka Sommers

    Buyer's Agent in 2021

    Jessyka Sommers

    David Lyng Real Estate

    (831) 359-7189

    3 in this area

    38 Total Sales

    Jessyka Sommers
    Section Image
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Map

Source: MLSListings

MLS Number: ML81842871

MLSListings

APN: 035-184-02-000

California Santa Cruz County Capitola 95010

109 Cherry Ave, Capitola, CA

This home is located at 109 Cherry Ave, Capitola, CA 95010 since 07 May 2021 and is currently estimated at $2,299,996, approximately $1,284 per square foot. This property was built in 1978. 109 Cherry Ave is a home located in Santa Cruz County with nearby schools including Main Street Elementary School, New Brighton Middle School, and Mission Hill Middle School.

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