NOT LISTED FOR SALE

12550 Highway 9 Boulder Creek, CA 95006

Estimated Value: $743,447

2 Beds
2 Baths
2,436 Sq Ft
$305/Sq Ft Est. Value

Last Sold November 17, 2022

Last sale price $759,000 $312 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $4,801/month

53 Days on Market

About This Home

As of November 2022

An opportunity for homebuyers and investors alike, this property located in downtown Boulder Creek with a commercial front and residential back, this is the chance of a lifetime in the beautiful redwoods. With C-1 Commercial and C-2 Commercial businesses permitted, the opportunities are endless! Being right on the busy Highway 9 means excellent visibility, and ample parking in front and back ensures that clients or customers will have an easy time visiting. Grand windows in the front of the building create a welcoming atmosphere for visitors, and the vast space with natural light streaming in from skylights is an open, clean slate for many different types of businesses. From animal grooming, bank, barber, repair shop, print shop, shoe repair, office, fitness center, restaurant, bookshop, bicycle shop, hardware store, jewelry store, pet shop, clothing store, veterinary clinic, indoor theater, department store, a hotel/motel/inn, this property is a great investment opportunity.

Last Agent to Sell the Property

Pavlina&Tarantino

Room Real Estate License #70010228 Listed on: 08/18/2022

Last Buyer's Agent

Jayson Madani

Room Real Estate License #70010074

Room Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,387

Year Built

  • 1931

Lot Details

  • 0.25

Home Design

  • 2,436 Sq Ft Home
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 20 Parking Spaces
  • Covered Parking
  • Off-Street Parking

Additional Features

  • 0.25 Acre Lot
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $60,000
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $300
  • Insurance Expense $2,000
  • Maintenance Expense $5,000
  • Utility Expense $1,500
  • Operating Expense $19,800
  • Gross Income $59,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,387

Year Built

1931

Lot Details

0

Listing Details

  • Zoning: C-2
  • Subclass: Multiple Dwellings / Structures
  • Age: 91
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2436
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1931

Interior Features

  • Living Sq Ft: 2436

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 20
  • Garage Parking Features: Common Parking Area, Off-Street Parking

Utilities

  • Sewer/Septic System: Septic Standard

Schools

  • School District: San Lorenzo Valley Unified

Lot Info

  • Lot Acres: 0.2520
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10977.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10977.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 13.32
  • Number Of Leased: 1

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 300
  • Expense Maintenance: 5000
  • Expenses Total: 19800
  • Expenses Utility: 1500
  • Income Annual Gross: 59400.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Tenant Expenses: All Expenses
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2022
Closed on
Nov 7, 2022
Sold by
Abed Sami W
Bought by
Ada Jul Bc Llc
Seller's Agent
Pavlina&Tarantino
Room Real Estate
Buyer's Agent
Jayson Madani
Room Real Estate
List Price
$799,000
Sold Price
$759,000
Premium/Discount to List
-$40,000
-5.01%
Views
28
Current Estimated Value
$743,447

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,553
Avg. Annual Appreciation
-0.74%
Original Mortgage
$313,000
Outstanding Balance
$303,614
Interest Rate
6.58%
Mortgage Type
New Conventional
Estimated Equity
$439,833

Purchase Details

Closed on
Feb 18, 2005
Sold by
Lams Jeri
Bought by
Abed Sami W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
5.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ada Jul Bc Llc $759,000 First American Title
Abed Sami W -- Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sko Money Inc $313,000
Closed Ada Jul Bc Llc $379,500
Previous Owner Abed Sami W $300,000
Previous Owner Abed Sami W $280,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2022 11/17/22 Sold $759,000 -5.0% $312 / Sq Ft
10/11/2022 10/11/22 Pending -- -- --
08/18/2022 08/18/22 For Sale $799,000 -- $328 / 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 $9,387 $789,664 $520,200 $269,464
2023 $3,275 $229,977 $91,989 $137,988
2022 $3,117 $225,467 $90,185 $135,282
2021 $2,956 $221,046 $88,417 $132,629
2020 $2,854 $218,779 $87,510 $131,269
2019 $2,722 $214,490 $85,794 $128,696
2018 $2,674 $210,284 $84,112 $126,172
2017 $2,635 $206,161 $82,463 $123,698
2016 $2,571 $202,119 $80,846 $121,273
2015 $2,411 $199,083 $79,632 $119,451
2014 $2,372 $195,183 $78,072 $117,111
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Pavlina&Tarantino

    Room Real Estate

    (831) 316-2095

    5 in this area

    47 Total Sales

    Pavlina&Tarantino
    Section Image
  • Jayson Madani

    Buyer's Agent in 2022

    Jayson Madani

    Room Real Estate

    (831) 234-6683

    62 in this area

    621 Total Sales

    Jayson Madani
    Section Image
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Map

Source: MLSListings

MLS Number: ML81904384

MLSListings

APN: 081-253-16-000

California Santa Cruz County Boulder Creek 95006

12550 Highway 9, Boulder Creek, CA

This home is located at 12550 Highway 9, Boulder Creek, CA 95006 since 18 August 2022 and is currently estimated at $743,447, approximately $305 per square foot. This property was built in 1931. 12550 Highway 9 is a home located in Santa Cruz County with nearby schools including Boulder Creek Elementary School, San Lorenzo Valley Middle School, and San Lorenzo Valley High School.

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