NOT LISTED FOR SALE

Estimated Value: $1,996,000 - $2,318,417

4 Beds
4 Baths
1,821 Sq Ft
$1,190/Sq Ft Est. Value

Last Sold September 01, 2022

Last sale price $2,200,000 $1,208 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $13,703/month

23 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • High Ceiling
  • Mission Hill Middle School Rated A-
  • Marble Countertops
  • Den

About This Home

As of September 2022

Two Single Family Residences for the Price of One designed for the owner-occupied home buyer and weekend beach goer alike. 1411A is a Brand New 2BR/2BA 1910 Cottage extensively rebuilt down to and including the foundation. This lovely home exudes a timeless design and brings the perfect balance of Coastal and Cape Cod together in way that is truly comfortable and classy. Key design features include board and batten accent walls, high-ceilings, home office nook, laundry room with floor-ceiling cabinets, custom kitchen and bathroom cabinetry, engineering hardwood floors, built-in dishwasher, gas range with oversized custom range hood, central HVAC, and detached 1-Car Garage with EV capabilities and French doors that open up to the fully landscaped private yard. 1411B is an extensively remodeled 2BR/2BA Home with an attached one-car garage, built-in dining nook, floating vanities, generous living room, abundant storage, and enclosed courtyard and lots of private outdoor entertaining area.

Last Agent to Sell the Property

Troy Hinds

David Lyng Real Estate License #01803325 Listed on: 06/24/2022

David Lyng Real Estate

Last Buyer's Agent

Michelle Van Vliet

PMZ Real Estate License #01859558

PMZ Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,011

Year Built

  • 1910

Lot Details

  • 7,579 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,821 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Den
  • Wood Flooring

Kitchen

  • Gas Oven
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Marble Countertops
  • Disposal

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $117,000

Community Details

Overview

  • 1,821 Sq Ft Building

Building Details

  • Insurance Expense $2,800
  • Operating Expense $29,142
  • Gross Income $115,830

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,011

Year Built

1910

Lot Details

0

Parking

2

Listing Details

  • Zoning: PA
  • Subclass: Multiple Dwellings / Structures
  • Style: Traditional
  • Age: 112
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1821
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: Countertop - Marble, Dishwasher, Garbage Disposal, Hood Over Range, Ice Maker, Oven Range - Gas, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 1821
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room, Office Area

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Attached Garage, Detached Garage

Utilities

  • Cooling System: Central Ac
  • Heating System: Central Forced Air, Electric
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: Santa Cruz City High

Lot Info

  • 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): Building Vacant
  • Gross Rent Multiplier: 20.30

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2800
  • Expenses Total: 29142
  • Income Annual Gross: 115830.00
  • Income Annual Rental: 117000
  • Income Gross Scheduled: 117000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2022
Closed on
Aug 17, 2022
Sold by
Pure Development Llc
Bought by
Allen 2003 Trust
Seller's Agent
Troy Hinds
David Lyng Real Estate
Buyer's Agent
Michelle Van Vliet
PMZ Real Estate
List Price
$2,375,000
Sold Price
$2,200,000
Premium/Discount to List
-$175,000
-7.37%
Views
3
Current Estimated Value
$2,122,036

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$77,964
Avg. Annual Appreciation
-1.93%

Purchase Details

Listed on
Feb 4, 2020
Closed on
Jul 31, 2020
Sold by
Kettunen Osmo M and Craig Kaarina M
Bought by
Pure Development Llc
Seller's Agent
Chris Mitchell
Mitchell Properties
Buyer's Agent
Troy Hinds
David Lyng Real Estate
List Price
$2,100,000
Sold Price
$1,700,000
Premium/Discount to List
-$400,000
-19.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.20%
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
Allen 2003 Trust $2,200,000 First American Title
Pure Development Llc $1,700,000 Stewart Title Of Ca Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2022 09/01/22 Sold $2,200,000 -7.4% $1,208 / Sq Ft
07/17/2022 07/17/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $2,375,000 +39.7% $1,304 / Sq Ft
08/03/2020 08/03/20 Sold $1,700,000 -14.8% $515 / Sq Ft
07/16/2020 07/16/20 Pending -- -- --
06/15/2020 06/15/20 Price Changed $1,995,000 -5.0% $605 / Sq Ft
02/04/2020 02/04/20 For Sale $2,100,000 -- $636 / 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 $25,011 $2,288,880 $1,352,520 $936,360
2023 $24,703 $2,200,000 $1,300,000 $900,000
2022 $10,170 $867,000 $714,000 $153,000
2021 $9,961 $850,000 $700,000 $150,000
2020 $2,029 $130,269 $53,106 $77,163
2019 $1,980 $127,714 $52,064 $75,650
2018 $1,963 $125,211 $51,044 $74,167
2017 $1,943 $122,756 $50,043 $72,713
2016 $1,863 $120,349 $49,062 $71,287
2015 $1,679 $118,541 $48,325 $70,216
2014 $1,656 $116,219 $47,378 $68,841
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81896058

MLSListings

APN: 010-091-08-000