NOT LISTED FOR SALE

15 Cottage Dr Watsonville, CA 95076

Interlaken Neighborhood

Estimated Value: $667,387 - $862,000

4 Beds
2 Baths
1,283 Sq Ft
$609/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $916,666 $714 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $4,730/month

About This Home

As of June 2022

Great Investment Opportunity! Long Term Tenants, paying Market Rate Rents! Each unit is 2bedroom 1bath with their own yards.

Last Agent to Sell the Property

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607 Listed on: 05/16/2022

Last Buyer's Agent

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607 Listed on: 05/16/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,738

Year Built

  • 1963

Lot Details

  • 7,579

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,283 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 7,579 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $68,160

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Utility Expense $1,000
  • Operating Expense $13,612
  • Gross Income $68,160

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,738

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: R-1-6
  • Subclass: Duplex
  • Age: 59
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1283
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 1283
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pajaro Valley Unified

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): Month To Month
  • Gross Rent Multiplier: 13.63
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 13612
  • Expenses Utility: 1000
  • Income Annual Gross: 68160.00
  • Income Annual Rental: 68160
  • Income Gross Scheduled: 68160
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Services - Sewer, Utilities - Water
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2022
Sold by
Garcia-Mejia Living Trust
Bought by
Garcia-Mejia Living Trust
Current Estimated Value
$781,847

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 28, 2022
Sold by
Allen Souza Todd and Allen Kelly
Bought by
Garcia-Mejia Living Trust
Seller's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
Buyer's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
List Price
$929,000
Sold Price
$916,666
Premium/Discount to List
-$12,334
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.19%

Purchase Details

Closed on
Apr 6, 2008
Sold by
Williamson Franklin A and Charles P Hagerty Jr 1991 Trus
Bought by
Souza Todd Allen and Souza Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,000
Interest Rate
6.22%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Dec 26, 2001
Sold by
Hagerty Charles P
Bought by
Hagerty Charles P and The Charles P Hagerty 1991 Tru

Purchase Details

Closed on
Aug 29, 2001
Sold by
Hall Rita Louayn and The Hall Living Trust
Bought by
Hagerty Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.91%

Purchase Details

Closed on
Aug 19, 1994
Sold by
Hall Raymon D and Hall Rita L
Bought by
Hall Raymon Darnell and Hall Rita Louayn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,000
Interest Rate
8.8%
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
Garcia-Mejia Living Trust -- First American Title
Garcia-Mejia Living Trust $2,750,000 First American Title
Souza Todd Allen -- Financial Title Company
Hagerty Charles P -- Santa Cruz Title Company
Hagerty Charles $225,000 Santa Cruz Title Company
Hall Raymon Darnell -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Souza Todd Allen $303,000
Previous Owner Hagerty Charles $191,250
Previous Owner Hall Raymon Darnell $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $916,666 -1.3% $714 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $929,000 -- $724 / 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 $5,738 $332,395 $199,436 $132,959
2023 $5,637 $319,487 $191,691 $127,796
2022 $5,528 $313,223 $187,933 $125,290
2021 $5,314 $307,081 $184,248 $122,833
2020 $5,264 $303,932 $182,358 $121,574
2019 $5,174 $297,973 $178,783 $119,190
2018 $5,046 $292,130 $175,277 $116,853
2017 $4,979 $286,402 $171,841 $114,561
2016 $4,892 $280,787 $168,472 $112,315
2015 $4,720 $276,569 $165,941 $110,628
2014 $4,614 $271,151 $162,690 $108,461
Source: Public Records

Agents Affiliated with this Home

  • Raeid Farhat

    Seller's Agent in 2022

    Raeid Farhat

    Raeid Farhat Real Estate Inc

    (831) 840-3902

    12 in this area

    123 Total Sales

    Raeid Farhat
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Map

Source: MLSListings

MLS Number: ML81891978

MLSListings

APN: 051-312-16-000

California Santa Cruz County Watsonville 95076 Interlaken

15 Cottage Dr, Watsonville, CA

This home is located at 15 Cottage Dr, Watsonville, CA 95076 since 16 May 2022 and is currently estimated at $781,847, approximately $609 per square foot. This property was built in 1963. 15 Cottage Dr is a home located in Santa Cruz County with nearby schools including Ann Soldo Elementary School, Lakeview Middle School, and Pajaro Valley High School.

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