NOT LISTED FOR SALE

114 Grace Way Scotts Valley, CA 95066

Estimated Value: $1,620,003 - $1,794,000

6 Beds
3 Baths
2,904 Sq Ft
$596/Sq Ft Est. Value

Last Sold October 09, 2018

Last sale price $1,230,000 $424 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $10,826/month

42 Days on Market

About This Home

As of October 2018

Great multi-family opportunity in Scotts Valley. Two-story main building is comprised of three 2 bedroom, 1 bathroom units. Additional building includes coin-operated washer/dryer, excess storage and carport. Each of the 2 bedroom units have generous sized backyards with patios. Eight on-site parking spaces.

Last Agent to Sell the Property

Erik Barbic

Sherman & Boone Realtors License #01736370 Listed on: 07/31/2018

Co-Listed By

Diane Molnar

David Lyng Real Estate License #01053522

Last Buyer's Agent

Monica Lussier

Coldwell Banker Realty License #01859626

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,822

Year Built

  • 1979

Lot Details

  • 9,104

Home Design

  • 2,904 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 9,104 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $90,000

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $3,000
  • Maintenance Expense $1,000
  • Manager Expense $1
  • Other Expense $1
  • Utility Expense $1,000
  • Trash Expense $1,000
  • Operating Expense $21,302
  • Gross Income $89,694

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,822

Year Built

1979

Lot Details

0

Listing Details

  • Zoning: C-S
  • Subclass: Triplex
  • Age: 39
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2904
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Living Sq Ft: 2904

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Scotts Valley Unified

Lot Info

  • Lot Acres: 0.2090
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9104.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9104.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 14.29
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1800
  • Expense Maintenance: 1000
  • Expense Management: 1
  • Expenses Other: 1
  • Expenses Total: 21302
  • Expenses Utility: 1000
  • Expense Trash: 1000
  • Income Annual Gross: 89694.00
  • Income Annual Rental: 90000
  • Income Gross Scheduled: 90600
  • Income Includes: Coin Operated Equip, Lease
  • Income Other: 600
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2018
Closed on
Oct 2, 2018
Sold by
Perry Joseph J and Perry Karen A
Bought by
Leznik Benjamin and Leznik Anna S
Seller's Agent
Erik Barbic
Sherman & Boone Realtors
Buyer's Agent
Monica Lussier
Coldwell Banker Realty
List Price
$1,495,000
Sold Price
$1,230,000
Premium/Discount to List
-$265,000
-17.73%
Current Estimated Value
$1,729,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,751
Avg. Annual Appreciation
5.05%
Original Mortgage
$730,000
Outstanding Balance
$642,798
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,083,840

Purchase Details

Closed on
Nov 10, 2003
Sold by
Carnero David J and Carnero Melinda H
Bought by
Carnero David and Carnero Melinda H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
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
Leznik Benjamin $1,230,000 First American Title Company
Carnero David -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leznik Benjamin $730,000
Previous Owner Carnero David $197,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/09/2018 10/09/18 Sold $1,230,000 -5.0% $424 / Sq Ft
09/12/2018 09/12/18 Pending -- -- --
08/14/2018 08/14/18 Price Changed $1,295,000 -13.4% $446 / Sq Ft
07/31/2018 07/31/18 For Sale $1,495,000 -- $515 / 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 $16,822 $1,372,089 $925,881 $446,208
2023 $16,449 $1,318,809 $889,928 $428,881
2022 $16,101 $1,292,949 $872,478 $420,471
2021 $15,752 $1,267,598 $855,371 $412,227
2020 $15,543 $1,254,600 $846,600 $408,000
2019 $15,335 $1,230,000 $830,000 $400,000
2018 $4,332 $264,346 $52,268 $212,078
2017 $4,169 $259,162 $51,242 $207,920
2016 $3,955 $254,082 $50,238 $203,844
2015 $3,834 $250,266 $49,484 $200,782
2014 $3,708 $245,362 $48,514 $196,848
Source: Public Records

Agents Affiliated with this Home

  • Erik Barbic

    Seller's Agent in 2018

    Erik Barbic

    Sherman & Boone Realtors

    (831) 464-5039

    1 in this area

    35 Total Sales

    Erik Barbic
    Section Image
  • Diane Molnar

    Seller Co-Listing Agent in 2018

    Diane Molnar

    David Lyng Real Estate

    (831) 234-0315

    15 in this area

    55 Total Sales

    Diane Molnar
    Section Image

  • M

    Buyer's Agent in 2018

    Monica Lussier

    Coldwell Banker Realty

    Section Image

  • A

    Buyer Co-Listing Agent in 2018

    Angele Price

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81716940

MLSListings

APN: 022-031-11-000

California Santa Cruz County Scotts Valley 95066

114 Grace Way, Scotts Valley, CA

This home is located at 114 Grace Way, Scotts Valley, CA 95066 since 31 July 2018 and is currently estimated at $1,729,751, approximately $595 per square foot. This property was built in 1979. 114 Grace Way is a home located in Santa Cruz County with nearby schools including Vine Hill Elementary School, Scotts Valley Middle School, and Scotts Valley High School.

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