NOT LISTED FOR SALE

1303 Laurel St Santa Cruz, CA 95060

King Street Neighborhood

Estimated Value: $1,532,000 - $1,914,000

6 Beds
3 Baths
2,798 Sq Ft
$622/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $1,200,000 $429 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $10,394/month

212 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Detached Garage
  • 1-Story Property
  • Westlake Elementary School Rated A-
  • Level Lot

About This Home

As of April 2019

Great Santa Cruz Tri-plex in sought after neighborhood. Easy access to UCSC, Public Transit, and all things Santa Cruz. Units set up well for students, families, or owner/occupant. Three two-bed, one-bath units. Detached garages. Excellent rental history. Unit 1307 is vacant to facilitate showing.

Last Agent to Sell the Property

Chris Shoemaker

Shoemaker Commercial Real Estate License #01760812 Listed on: 07/31/2018

Last Buyer's Agent

Michele Replogle

Coldwell Banker Realty License #01454037

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,897

Year Built

  • 1930

Lot Details

  • 7,579 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Raised Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,798 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $76,872

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • Maintenance Expense $1,500
  • Other Expense $1,000
  • Utility Expense $1,000
  • Trash Expense $2,700
  • Operating Expense $24,200
  • Gross Income $81,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,897

Year Built

1930

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-1-5
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Living Sq Ft: 2798
  • Stories: 1
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Shingle
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level, Regular
  • Lot Acres: 0.1740
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7579.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7579.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.36
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 1500
  • Expense Maintenance: 1500
  • Expenses Other: 1000
  • Expenses Total: 24200
  • Expenses Utility: 1000
  • Expense Trash: 2700
  • Income Annual Gross: 81372.00
  • Income Annual Rental: 76872
  • Income Gross Scheduled: 81372
  • Income Other: 4500
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2018
Closed on
Mar 26, 2019
Sold by
Bei Scott Company Llc
Bought by
Pierson Brian and Pierson Mary Kay
Seller's Agent
Chris Shoemaker
Shoemaker Commercial Real Estate
Buyer's Agent
Michele Replogle
Coldwell Banker Realty
List Price
$1,250,000
Sold Price
$1,200,000
Premium/Discount to List
-$50,000
-4%
Current Estimated Value
$1,740,048

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,048
Avg. Annual Appreciation
5.81%
Original Mortgage
$900,000
Outstanding Balance
$789,641
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$950,407

Purchase Details

Closed on
Jul 1, 2005
Sold by
Bei Norman L and Bei Scott T
Bought by
Bei Scott Co Llc
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
Pierson Brian $1,200,000 First American Title Company
Bei Scott Co Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pierson Brian $900,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2019 04/02/19 Sold $1,200,000 -4.0% $429 / Sq Ft
03/01/2019 03/01/19 Pending -- -- --
02/04/2019 02/04/19 For Sale $1,250,000 0.0% $447 / Sq Ft
01/15/2019 01/15/19 Pending -- -- --
12/14/2018 12/14/18 For Sale $1,250,000 0.0% $447 / Sq Ft
11/19/2018 11/19/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $1,250,000 -- $447 / 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 $14,897 $1,338,623 $948,191 $390,432
2023 $14,716 $1,286,643 $911,372 $375,271
2022 $14,551 $1,261,414 $893,502 $367,912
2021 $14,248 $1,236,681 $875,982 $360,699
2020 $14,137 $1,224,000 $867,000 $357,000
2019 $1,782 $107,480 $35,428 $72,052
2018 $1,767 $105,372 $34,733 $70,639
2017 $1,751 $103,306 $34,052 $69,254
2016 $1,683 $101,280 $33,384 $67,896
2015 $1,452 $99,759 $32,883 $66,876
2014 $1,433 $97,805 $32,239 $65,566
Source: Public Records

Agents Affiliated with this Home

  • Chris Shoemaker

    Seller's Agent in 2019

    Chris Shoemaker

    Shoemaker Commercial Real Estate

    (831) 334-3947

    13 Total Sales

    Chris Shoemaker
    Section Image

  • M

    Buyer's Agent in 2019

    Michele Replogle

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81716991

MLSListings

APN: 006-311-07-000

California Santa Cruz County Santa Cruz 95060 King Street

1303 Laurel St, Santa Cruz, CA

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