NOT LISTED FOR SALE

117 Vine Hill School Rd Scotts Valley, CA 95066

Estimated Value: $1,688,000 - $1,967,000

6 Beds
6 Baths
3,642 Sq Ft
$508/Sq Ft Est. Value

Last Sold February 14, 2018

Last sale price $1,300,000 $357 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $11,394/month

147 Days on Market

Highlights

  • Contemporary Architecture
  • Vaulted Ceiling
  • Tile Countertops
  • Vine Hill Elementary School Rated A-
  • Wood Flooring
  • Forced Air Heating System

About This Home

As of February 2018

Unique Investment Opportunity with Great Upside Potential... This property is situated in a desirable commute location and walking distance to Vine Hill Elementary, Scotts Valley High, Siltanen Park, and shopping & dining on Scotts Valley Drive! Your tenants can enjoy easy living on a flat, sunny lot with a spattering of redwood trees and a charming creek bordering the property. Two of the units have spacious open floor plans with 3 BDRMs, 1.5 BA, open beam vaulted ceilings, tiled kitchens and enclosed back decks... plus a 1 car garage with laundry hook-ups. The 2 remaining units are large, upstairs studios with private decks. One of the studios has a 1 car garage & the other has ample off-street parking. Easily rentable and all units currently have long-time renters.

Last Agent to Sell the Property

Candace Bradfield

Bradfield & Associates License #01240959 Listed on: 08/27/2017

Last Buyer's Agent

Scott Poncetta

KW Bay Area Estates License #01497030

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,321

Year Built

  • 1981

Lot Details

  • 0.25 Acre Lot

Parking

  • 3 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Contemporary Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,642 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $76,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $3,000
  • Utility Expense $1,080
  • Trash Expense $1,560
  • Operating Expense $9,925
  • Gross Income $76,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,321

Year Built

1981

Lot Details

0

Parking

3

Listing Details

  • Zoning: R1-10
  • Subclass: Duplex
  • Style: Contemporary
  • Age: 36
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3642
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1981

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Oven Range, Refrigerator
  • Living Sq Ft: 3642
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 8
  • Garage Parking Features: Attached Garage, Off-Street Parking, Room For Oversized Vehicle

Utilities

  • Heating System: Electric, Forced Air, Gas
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Schools

  • School District: Scotts Valley Unified
  • Elementary School: Vine Hill Elementary
  • Middle School: Scotts Valley Middle
  • High School: Scotts Valley High
  • High School: 863
  • Elementary School: 862
  • Middle School: 1124

Lot Info

  • Lot Acres: 0.2500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10890.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10890.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.87
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expenses Total: 9925
  • Expenses Utility: 1080
  • Expense Trash: 1560
  • Income Annual Gross: 76800.00
  • Income Annual Rental: 76800
  • Income Gross Scheduled: 76800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2017
Closed on
Mar 27, 2018
Sold by
Demattel Mark S and De Mattel Tamara L
Bought by
Demattel Mark S and Demattel Tamara L
Seller's Agent
Candace Bradfield
Bradfield & Associates
Buyer's Agent
Scott Poncetta
KW Bay Area Estates
List Price
$1,449,000
Sold Price
$1,300,000
Premium/Discount to List
-$149,000
-10.28%
Current Estimated Value
$1,817,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$517,531
Avg. Annual Appreciation
4.81%
Original Mortgage
$430,000
Outstanding Balance
$364,062
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,484,811

Purchase Details

Listed on
Aug 27, 2017
Closed on
Feb 8, 2018
Sold by
Johansen Barbara L and Estate Of Theodore M Johansen
Bought by
Demattei Mark S and Demattei Tamara L
Seller's Agent
Candace Bradfield
Bradfield & Associates
Buyer's Agent
Scott Poncetta
KW Bay Area Estates
List Price
$1,449,000
Sold Price
$1,300,000
Premium/Discount to List
-$149,000
-10.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$430,000
Outstanding Balance
$364,062
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,484,811

Purchase Details

Closed on
Sep 6, 2017
Sold by
Johansen Barbara L and Estate Of Theodore M Johansen
Bought by
Johansen Barbara L and Estate Of Theodore M Johansen

Purchase Details

Closed on
Aug 22, 2017
Sold by
Johansen Barbara L and Estate Of Theodore M Johansen
Bought by
Johansen Barbara L and Estate Of Theodore M Johansen
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
Demattel Mark S -- Old Republic Title Company
Demattei Mark S $1,300,000 Old Republic Title Company
Johansen Barbara L -- None Available
Johansen Barbara L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demattel Mark S $430,000
Previous Owner Johansen Theodore M $465,000
Previous Owner Johansen Theodore M $500,000
Previous Owner Johansen Theodore M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2018 02/14/18 Sold $1,300,000 -10.3% $357 / Sq Ft
01/22/2018 01/22/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $1,449,000 0.0% $398 / Sq Ft
10/07/2017 10/07/17 Pending -- -- --
08/27/2017 08/27/17 For Sale $1,449,000 -- $398 / 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 $17,321 $1,479,178 $711,143 $768,035
2023 $16,973 $1,421,740 $683,529 $738,211
2022 $16,653 $1,393,862 $670,126 $723,736
2021 $16,331 $1,366,533 $656,987 $709,546
2020 $16,240 $1,352,520 $650,250 $702,270
2019 $15,818 $1,326,000 $637,500 $688,500
2018 $4,615 $340,196 $19,497 $320,699
2017 $4,501 $333,525 $19,115 $314,410
2016 $4,285 $326,985 $18,740 $308,245
2015 $4,223 $322,074 $18,459 $303,615
2014 $4,069 $315,765 $18,097 $297,668
Source: Public Records

Agents Affiliated with this Home

  • Candace Bradfield

    Seller's Agent in 2018

    Candace Bradfield

    Bradfield & Associates

    (831) 212-1986

    28 Total Sales

    Section Image
  • Scott Poncetta

    Buyer's Agent in 2018

    Scott Poncetta

    KW Bay Area Estates

    (408) 757-1007

    52 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81675681

MLSListings

APN: 023-441-03-000

California Santa Cruz County Scotts Valley 95066

117 Vine Hill School Rd, Scotts Valley, CA

This home is located at 117 Vine Hill School Rd, Scotts Valley, CA 95066 since 27 August 2017 and is currently estimated at $1,848,873, approximately $507 per square foot. This property was built in 1981. 117 Vine Hill School Rd 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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