NOT LISTED FOR SALE

Estimated Value: $1,462,000 - $1,862,000

5 Beds
4 Baths
2,359 Sq Ft
$741/Sq Ft Est. Value

Last Sold June 14, 2019

Last sale price $1,175,000 $498 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $10,749/month

44 Days on Market

Highlights

  • Tile Flooring
  • Mission Hill Middle School Rated A-
  • Coin Laundry

About This Home

As of June 2019

Desirable Seabright neighborhood 4-plex. Walk to Beach, Boardwalk, Yacht Harbor, restaurants, shopping, Seabright Brewery, Brady's Yacht Club, Linda's Seabreeze Cafe, Verve Coffee. Three 1 BR units and one 2 BR unit. Well maintained, with some upgrades. There are two buildings and this listing is the building on the right only.

Last Agent to Sell the Property

Millou Rose

Bailey Properties License #01507347 Listed on: 03/26/2019

Last Buyer's Agent

Bri Steel

Live Love Santa Cruz License #01977946

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,634

Year Built

  • 1963

Lot Details

  • 2,526

Home Design

  • 2,359 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Electric Oven
  • 2,526 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $74,100

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Insurance Expense $1,450
  • Manager Expense $4,800
  • Utility Expense $480
  • Trash Expense $4,560
  • Operating Expense $23,331
  • Gross Income $72,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,634

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2359
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2359
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces

Utilities

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

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.0580
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2526.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2526.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 16.59
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1450
  • Expense Management: 4800
  • Expenses Total: 23331
  • Expenses Utility: 480
  • Expense Trash: 4560
  • Income Annual Gross: 72618.00
  • Income Annual Rental: 74100
  • Income Gross Scheduled: 74100
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2019
Closed on
Jun 10, 2019
Sold by
Howard Matthew J
Bought by
Capitola Holdings Llc
Seller's Agent
Millou Rose
Bailey Properties
Buyer's Agent
Bri Steel
Live Love Santa Cruz
List Price
$1,229,000
Sold Price
$1,175,000
Premium/Discount to List
-$54,000
-4.39%
Current Estimated Value
$1,748,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,925
Avg. Annual Appreciation
6.73%
Original Mortgage
$705,000
Outstanding Balance
$622,432
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,138,543

Purchase Details

Listed on
Mar 26, 2019
Closed on
Jun 7, 2019
Sold by
Kunze Paul R and Paul R Kunze Trust
Bought by
Howard Matthew J
Seller's Agent
Millou Rose
Bailey Properties
Buyer's Agent
Bri Steel
Live Love Santa Cruz
List Price
$1,229,000
Sold Price
$1,175,000
Premium/Discount to List
-$54,000
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Outstanding Balance
$622,432
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,138,543

Purchase Details

Listed on
Mar 26, 2019
Closed on
May 30, 2019
Sold by
Beach Laura Anne
Bought by
Howard Matthew J
Seller's Agent
Millou Rose
Bailey Properties
Buyer's Agent
Bri Steel
Live Love Santa Cruz
List Price
$1,229,000
Sold Price
$1,175,000
Premium/Discount to List
-$54,000
-4.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Outstanding Balance
$622,432
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,138,543

Purchase Details

Listed on
Apr 7, 2014
Closed on
Aug 8, 2014
Sold by
Franklin Brian T and Franklin Denise H
Bought by
Kunze Paul R and The Paul R Kunze Trust
Seller's Agent
Jessyka Sommers
David Lyng Real Estate
Buyer's Agent
Millou Rose
Bailey Properties
List Price
$995,823
Sold Price
$975,000
Premium/Discount to List
-$20,823
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.94%

Purchase Details

Closed on
Sep 30, 2005
Sold by
Lee Bill and Lee Luanna
Bought by
Franklin Brian T and Franklin Denise H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$485,000
Interest Rate
6.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 23, 2002
Sold by
Lee Bill and Lee Luanna
Bought by
Lee Bill and Lee Luanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
6.37%

Purchase Details

Closed on
Sep 19, 1996
Sold by
Lee Bill and Lee Luanna
Bought by
Lee Bill and Lee Luanna
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
Capitola Holdings Llc -- First American Title
Howard Matthew J $1,175,000 First American Title Company
Howard Matthew J -- First American Title
Kunze Paul R $971,500 Old Republic Title Company
Fleming Kimberly Paige -- Old Republic Title Company
Franklin Brian T $1,250,000 Multiple
Lee Bill -- Santa Cruz Title Company
Lee Bill -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howard Matthew J $705,000
Previous Owner Franklin Brian T $535,000
Previous Owner Franklin Brian T $485,000
Previous Owner Lee Bill $198,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $1,175,000 -4.4% $498 / Sq Ft
05/09/2019 05/09/19 Pending -- -- --
03/26/2019 03/26/19 For Sale $1,229,000 +26.1% $521 / Sq Ft
08/15/2014 08/15/14 Sold $975,000 -2.1% $413 / Sq Ft
05/08/2014 05/08/14 Pending -- -- --
04/07/2014 04/07/14 For Sale $995,823 -- $422 / 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 $14,634 $1,310,735 $920,303 $390,432
2023 $14,457 $1,259,838 $884,567 $375,271
2022 $14,295 $1,235,134 $867,222 $367,912
2021 $13,998 $1,210,917 $850,218 $360,699
2020 $13,889 $1,198,500 $841,500 $357,000
2019 $12,178 $1,046,686 $691,146 $355,540
2018 $12,041 $1,026,162 $677,594 $348,568
2017 $11,888 $1,006,040 $664,308 $341,732
2016 $11,235 $986,314 $651,282 $335,032
2015 $10,868 $971,500 $641,500 $330,000
2014 $11,155 $995,905 $621,907 $373,998
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81743514

MLSListings

APN: 010-205-31-000