NOT LISTED FOR SALE

120 Rainbow Ln Watsonville, CA 95076

7 Beds
3 Baths
1,362 Sq Ft
0.47 Acre Lot

Sale Details

Date Sold: February 15, 2019

Last sale price $850,000 $624 Per Sq Ft

204 Days on Market

About This Home

As of February 2019

Great opportunity to own a multi residential property in a country-living settling. Vast opportunities awaits the prospective new buyer. Each individual unit is fenced-in and they have a private lawn for their enjoyment . This property is situated in a desirable and quiet neighborhood.

Last Agent to Sell the Property

Roberto Lopez

Vanco Real Estate Executives License #01495964 Listed on: 06/27/2018

Last Buyer's Agent

Ann Berry-Kline

Bailey Properties License #01877365

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 20,473 Sq Ft Lot

Home Design

  • 1,362 Sq Ft Home
  • Triplex
  • Slab Foundation
  • Shingle Roof

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Wall Furnace
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $61,152

Community Details

Overview

  • 1,362 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $720
  • Maintenance Expense $1,000
  • Other Expense $300
  • Operating Expense $12,220
  • Gross Income $58,094

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0.47 Acres

Listing Details

  • Zoning: R-1-9
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1362
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Living Sq Ft: 1362
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Septic Connected

Lot Info

  • Lot Acres: 0.4700
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20473.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20473.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 14.31
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 720
  • Expense Landscape: 1200
  • Expense Maintenance: 1000
  • Expenses Other: 300
  • Expenses Total: 12220
  • Income Annual Gross: 58094.00
  • Income Annual Rental: 61152
  • Income Gross Scheduled: 61152
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance, Services - Gardener
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Feb 11, 2019
Sold by
Bought by
Seller's Agent
Roberto Lopez
Vanco Real Estate Executives
Buyer's Agent
Ann Berry-Kline
Bailey Properties
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 22, 2016
Sold by
Bought by

Purchase Details

Closed on
Dec 7, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 11, 2009
Sold by
Bought by

Purchase Details

Closed on
Jul 10, 2006
Sold by
Bought by

Purchase Details

Closed on
Dec 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
0.0635%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
0.0825%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 15, 2002
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 Chicago Title Insurance Co
-- None Available
-- None Available
-- None Available
-- None Available
-- First American Title Company
-- None Available
-- Multiple
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $637,500
Previous Owner $155,000
Previous Owner $180,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/15/2019 02/15/19 Sold $850,000 -2.9% $624 / Sq Ft
01/18/2019 01/18/19 Pending -- -- --
10/26/2018 10/26/18 For Sale $875,000 +2.9% $642 / Sq Ft
10/26/2018 10/26/18 Off Market $850,000 -- --
08/16/2018 08/16/18 Price Changed $875,000 -2.8% $642 / Sq Ft
06/27/2018 06/27/18 For Sale $900,000 -- $661 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,103 $1,062,158 $641,423 $420,735
2023 $10,730 $911,372 $616,516 $294,856
2022 $10,536 $893,502 $604,428 $289,074
2021 $10,233 $875,982 $592,576 $283,406
2020 $10,090 $867,000 $586,500 $280,500
2019 $1,838 $106,587 $19,572 $87,015
2018 $1,798 $104,499 $19,190 $85,309
2017 $1,783 $102,450 $18,813 $83,637
2016 $1,746 $100,440 $18,444 $81,996
2015 $1,589 $98,931 $18,168 $80,763
2014 $1,560 $96,993 $17,811 $79,182
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81712136

MLSListings

APN: 050-061-26

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