$1,594,125
SOLD JAN 31, 2025

1101 Elkhorn Rd Royal Oaks, CA 95076

7 Beds
5 Baths
4,510 Sq Ft
6.37 Acres

Recently Sold

$353 Per Sq Ft

6% Below List Price

0 Day on Market

Highlights

  • Water Views
  • Wood Burning Stove
  • 2 Car Attached Garage
  • 6.37 Acre Lot
  • Wood Flooring
  • Tile Countertops

About This Home

As of January 2025

Spectacular multiple home compound on 6.37 acres with peaceful water views of the Elkhorn Slough. This property boasts two upgraded single family homes with rental options along with several other structures including workshops, barn, shop, multiple sheds, solar well, two 2,500 gallon storage tanks and a greenhouse. Here is a rare opportunity to enjoy a hilltop location overlooking nature and sparkling water in a quiet nature sanctuary. Both homes look out over the dazzling water of the marine estuary. The lower house is 1,585 sq ft, 3 bed 2 bath w/ two-car garage, 3 large patios, with an attached 408 sq ft self-contained guest unit with private entrance. The upper home is 3 bed 2 bath 1,417 sq ft w/ garage and large storage room. The sunsets are spectacular, relax and sip your evening drink overlooking and listening to the peaceful wildlife below. Here is your rare, hard to find destination retreat. Centrally located in the beautiful Monterey Bay; the property is less than a 1 hour drive to the San Jose International Airport and about half an hour driving time to the Monterey Airport. Located about 19 miles south of Santa Cruz down Highway 1. Only 7 miles inland from the ocean at Moss Landing and when there are big waves the distant surf can be heard.

Last Agent to Sell the Property

Ben Strock

eXp Realty of California Inc License #70010201 Listed on: 01/31/2025

eXp Realty of California Inc

Last Buyer's Agent

Alejandro Farfan

Century 21 A Property Shoppe License #02114022

Century 21 A Property Shoppe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,927

Year Built

  • 1974

Parking

  • 2 Car Attached Garage
  • Guest Parking
  • Unassigned Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Composition Roof
  • Urethane Roof

Interior Spaces

  • 4,510 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Stove
  • Water Views
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet

Utilities

  • Radiant Heating System
  • Heating System Uses Propane
  • Propane
  • Water Storage
  • Well
  • Septic Tank

Additional Features

  • 6.37 Acre Lot
  • Horses Potentially Allowed on Property

Listing and Financial Details

  • Total Actual Rent $66,000

Community Details

Overview

  • 4,510 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $4,800
  • Insurance Expense $2,400
  • Maintenance Expense $6,000
  • Other Expense $1,200
  • Utility Expense $14,400
  • Trash Expense $2,400
  • Operating Expense $47,816
  • Gross Income $66,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,927

Year Built

1974

Lot Details

0

Parking

2

Listing Details

  • Zoning: RDR/5(CZ)
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4510
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1974

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Dishwasher, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 4510
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Polyurethane, Shingle
  • View: Water
  • Horse Property: Possible

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 25
  • Garage Parking Features: Attached Garage, Common Parking Area, Guest / Visitor Parking, Parking Area, Room For Oversized Vehicle, Unassigned Spaces

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Propane, Radiant, Stove - Wood
  • Sewer/Septic System: Septic Tank / Pump

Schools

  • High School: 549

Lot Info

  • Lot Acres: 6.3700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 277477.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 277477.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Oral, Security Deposit
  • Gross Rent Multiplier: 25.68
  • Number Of Leased: 2

Multi Family

  • Utilities: Propane On Site, Public Utilities
  • Expense Insurance: 2400
  • Expense Landscape: 4800
  • Expense Maintenance: 6000
  • Expenses Other: 1200
  • Expenses Total: 47816
  • Expenses Utility: 14400
  • Expense Trash: 2400
  • Income Annual Gross: 66000.00
  • Income Annual Rental: 66000
  • Income Gross Scheduled: 66000
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Trash Removal
  • Tenant Expenses: Miscellaneous/Other, Rent Only, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2025
Closed on
Jan 23, 2025
Sold by
Richard Eugene Karst Living Trust and Roberta Brewster Spurr Living Trust
Bought by
Christensen Clyde J and Christensen Julie L
Seller's Agent
Ben Strock
eXp Realty of California Inc
Buyer's Agent
Alejandro Farfan
Century 21 A Property Shoppe
List Price
$1,695,000
Sold Price
$1,594,125
Premium/Discount to List
-$100,875
-5.95%
Views
2
Current Estimated Value
$1,699,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,644
Avg. Annual Appreciation
9.06%
Original Mortgage
$1,275,300
Outstanding Balance
$1,266,289
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$433,480

Purchase Details

Closed on
May 25, 2023
Sold by
Karst Richard Eugene
Bought by
Richard Eugene Karst Living Trust

Purchase Details

Listed on
May 23, 2021
Closed on
Oct 5, 2021
Sold by
Poole Barbara Edell and The Barbara Edell Poole Revoca
Bought by
Spurr Roberta Brewster and Roberta Brewster Spurr Living
Seller's Agent
Sebastian Frey
Compass
Buyer's Agent
Kathy Runyon
Monterey Bay Properties
List Price
$1,500,000
Sold Price
$1,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.14%

Purchase Details

Closed on
Jan 18, 2002
Sold by
Poole Barbara E
Bought by
Poole Barbara Edell
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $1,594,500 Old Republic Title Company
Deed -- None Listed On Document
Grant Deed $1,500,000 Chicago Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,275,300 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2025 01/31/25 Sold $1,594,125 -6.0% $353 / Sq Ft
01/31/2025 01/31/25 Pending -- -- --
01/31/2025 01/31/25 For Sale $1,695,000 +13.0% $376 / Sq Ft
10/08/2021 10/08/21 Sold $1,500,000 0.0% $569 / Sq Ft View Prior Sale
09/24/2021 09/24/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $1,500,000 0.0% $569 / Sq Ft
09/07/2021 09/07/21 Off Market $1,500,000 -- --
08/07/2021 08/07/21 For Sale $1,500,000 0.0% $569 / Sq Ft
08/07/2021 08/07/21 Off Market $1,500,000 -- --
07/05/2021 07/05/21 For Sale $1,500,000 0.0% $569 / Sq Ft
07/05/2021 07/05/21 Off Market $1,500,000 -- --
06/30/2021 06/30/21 For Sale $1,500,000 0.0% $569 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
05/23/2021 05/23/21 For Sale $1,500,000 -- $569 / 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 $16,927 $1,591,811 $742,845 $848,966
2024 $16,927 $1,560,600 $728,280 $832,320
2023 $16,617 $1,530,000 $714,000 $816,000
2022 $16,508 $1,500,000 $700,000 $800,000
2021 $5,236 $1,500,000 $700,000 $800,000
2020 $5,190 $466,224 $194,257 $271,967
2019 $5,070 $457,084 $190,449 $266,635
2018 $4,986 $448,122 $186,715 $261,407
2017 $4,712 $439,336 $183,054 $256,282
2016 $4,906 $430,722 $179,465 $251,257
2015 $4,715 $424,253 $176,770 $247,483
2014 $4,647 $415,944 $173,308 $242,636
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81992390

MLSListings

APN: 129-213-005-000