NOT LISTED FOR SALE

Estimated Value: $1,467,000 - $1,890,000

4 Beds
4 Baths
2,530 Sq Ft
$672/Sq Ft Est. Value

Last Sold July 29, 2019

Last sale price $1,188,950 $470 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $10,258/month

24 Days on Market

Highlights

  • 2 Car Attached Garage
  • Tile Flooring
  • Fenced
  • Mission Hill Middle School Rated A-
  • Washer and Dryer
  • Level Lot

About This Home

As of July 2019

Ranch Style Duplex in heart of Seabright. Good bones, solid historical rental performance. Upside Potential! Recent upgrades include dual-paned vinyl windows, vinyl plank flooring, stainless appliances, & bath vanity cabinets. Pro-forma rent projection on vacant unit.

Last Agent to Sell the Property

Greg Pfyffer

Pacific Sun Properties License #01230676 Listed on: 06/18/2019

Last Buyer's Agent

Lane Menezes

PMZ Commercial Real Estate License #01064799

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,425

Year Built

  • 1975

Lot Details

  • 6,360 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Uncovered Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Ceiling Insulation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 2,530 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Self-Cleaning Oven
  • Range Hood
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $59,712

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,320
  • Insurance Expense $1,800
  • Maintenance Expense $1,028
  • Operating Expense $18,068
  • Gross Income $59,712

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,425

Year Built

1975

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Style: Ranch
  • Age: 44
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2530
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1975

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Laminate, Hood Over Range, Oven - Self Cleaning, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2530
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle
  • Yard/Grounds: Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Off-Street Parking, Uncovered Parking

Utilities

  • Heating System: Gas, Wall Furnace
  • 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: Grade - Level
  • Lot Acres: 0.1460
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6360.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6360.00

Green Features

  • Energy Features: Ceiling Insulation, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.10
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1800
  • Expense Landscape: 1320
  • Expense Maintenance: 1028
  • Expenses Total: 18068
  • Income Annual Gross: 59712.00
  • Income Annual Rental: 59712
  • Income Gross Scheduled: 59712
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - License/Advertising, Fee - Property Tax, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2019
Closed on
Sep 23, 2019
Sold by
Lamb Daniel R
Bought by
Lamb Daniel R and Lamb Pamela M
Seller's Agent
Greg Pfyffer
Pacific Sun Properties
Buyer's Agent
Lane Menezes
PMZ Commercial Real Estate
List Price
$1,200,000
Sold Price
$1,188,950
Premium/Discount to List
-$11,050
-0.92%
Current Estimated Value
$1,699,699

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,749

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 25, 2019
Sold by
Temple Theodor S and Mitchell Karen T
Bought by
Temple Theodor S and Mitchell Karen T
Seller's Agent
Greg Pfyffer
Pacific Sun Properties
Buyer's Agent
Lane Menezes
PMZ Commercial Real Estate
List Price
$1,200,000
Sold Price
$1,188,950
Premium/Discount to List
-$11,050
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,950
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 24, 2019
Sold by
Temple Theodor S and Mitchell Karen T
Bought by
Lamb Daniel R
Seller's Agent
Greg Pfyffer
Pacific Sun Properties
Buyer's Agent
Lane Menezes
PMZ Commercial Real Estate
List Price
$1,200,000
Sold Price
$1,188,950
Premium/Discount to List
-$11,050
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,950
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 18, 2019
Closed on
Jul 23, 2019
Sold by
Lamb Pamela M
Bought by
Lamb Daniel R
Seller's Agent
Greg Pfyffer
Pacific Sun Properties
Buyer's Agent
Lane Menezes
PMZ Commercial Real Estate
List Price
$1,200,000
Sold Price
$1,188,950
Premium/Discount to List
-$11,050
-0.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,950
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 2006
Sold by
Kettunen Osmo
Bought by
Temple Theodore S and Mitchell Karen T
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 Buyer Sale Price Title Company
Lamb Daniel R -- None Available
Temple Theodor S -- First American Title
Lamb Daniel R $1,189,000 First American Title Company
Lamb Daniel R -- First American Title
Temple Theodore S $900,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lamb Daniel R $188,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2019 07/29/19 Sold $1,188,950 -0.9% $470 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $1,200,000 -- $474 / 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 $14,425 $1,300,290 $846,427 $453,863
2023 $14,250 $1,249,799 $813,560 $436,239
2022 $14,090 $1,225,292 $797,607 $427,685
2021 $13,796 $1,201,267 $781,968 $419,299
2020 $13,688 $1,188,950 $773,950 $415,000
2019 $12,326 $1,068,707 $712,473 $356,234
2018 $11,854 $1,017,816 $678,545 $339,271
2017 $11,281 $960,204 $640,137 $320,067
2016 $10,095 $889,077 $592,719 $296,358
2015 $9,437 $838,752 $559,169 $279,583
2014 $8,556 $755,632 $503,755 $251,877
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81757082

MLSListings

APN: 010-124-14-000