NOT LISTED FOR SALE

1506 Broadway Unit D Santa Cruz, CA 95062

Upper Seabright Neighborhood

Estimated Value: $1,512,000 - $2,865,000

9 Beds
5 Baths
4,362 Sq Ft
$544/Sq Ft Est. Value

Last Sold April 12, 2012

Last sale price $1,000,000 $229 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $14,087/month

4 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • Carpet
  • Mission Hill Middle School Rated A-
  • Level Lot

About This Home

As of April 2012

This well maintained 4-plex fulfills the best of many options sought after for return on investment. Located on the quiet end of Broadway, near Frederick Street, the location offers a high walk-score and is in a great commute location. Three 2br/1ba units, each with it's own single car garage. One 3 br/2ba featuring a large fenced yard and 2 car garage with laundry area.Open House 3/22 9:30-noon

Last Agent to Sell the Property

Mulhern & Gomes Team

KW Thrive Santa Cruz License #70002975 Listed on: 03/19/2012

Last Buyer's Agent

D. Rex Kuns

The Buyers Brokerage, Inc License #01351687

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,076

Year Built

  • 1973

Lot Details

  • 8,320

Parking

  • Private Parking

Home Design

  • 4,362 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof

Kitchen

  • Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $80,400
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 4,362 Sq Ft Building

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $2,700
  • Maintenance Expense $1,200
  • Utility Expense $3,900
  • Trash Expense $1,925
  • Operating Expense $27,474
  • Gross Income $79,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,076

Year Built

1973

Lot Details

0

Listing Details

  • Zoning: RM
  • Subclass: Fourplex
  • Age: 39
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 229.25
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 4362
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: Dishwasher, Oven Range
  • Living Sq Ft: 4362
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Laminate, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Private / Exclusive

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Santa Cruz City High
  • Elementary School: Gault Elementary
  • High School: Harbor High
  • High School: 851
  • Elementary School: 844

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8320.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 8320.00
  • Lot Size Area Min Search: 8320.00
  • Maximum Lot Size: 8320.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.10

Multi Family

  • Expense Insurance: 2700
  • Expense Landscape: 1200
  • Expense Maintenance: 1200
  • Expenses Total: 27474
  • Expenses Utility: 3900
  • Expense Trash: 1925
  • Expense Water Sewer: 3415
  • Income Annual Gross: 79734.00
  • Income Annual Rental: 80400
  • Income Gross Scheduled: 82200
  • Income Includes: Laundry, Lease
  • Income Laundry: 1800
  • Meters: Separate Electric, Separate Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer, Vacancy Factor
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2466
  • Vacancy Factor: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2012
Closed on
Apr 5, 2012
Sold by
Wade George and Estate Of Margaret E Rosellini
Bought by
Claradon Properties Llc
Seller's Agent
Mulhern & Gomes Team
KW Thrive Santa Cruz
Buyer's Agent
D. Rex Kuns
The Buyers Brokerage, Inc
List Price
$995,000
Sold Price
$1,000,000
Premium/Discount to List
$5,000
0.5%
Current Estimated Value
$2,374,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,374,647
Avg. Annual Appreciation
5.88%

Purchase Details

Closed on
Jan 16, 2002
Sold by
Rosellini Leonard M
Bought by
Rosellini Margaret E
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
Claradon Properties Llc $1,000,000 Old Republic Title Company
Rosellini Margaret E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosellini Margaret E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2012 04/12/12 Sold $1,000,000 +0.5% $229 / Sq Ft
03/23/2012 03/23/12 Pending -- -- --
03/19/2012 03/19/12 For Sale $995,000 -- $228 / 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 $14,076 $1,256,058 $753,635 $502,423
2023 $13,918 $1,207,283 $724,370 $482,913
2022 $13,763 $1,183,611 $710,167 $473,444
2021 $13,478 $1,160,403 $696,242 $464,161
2020 $13,373 $1,148,505 $689,103 $459,402
2019 $13,090 $1,125,985 $675,591 $450,394
2018 $12,943 $1,103,907 $662,344 $441,563
2017 $12,778 $1,082,260 $649,356 $432,904
2016 $12,075 $1,061,040 $636,624 $424,416
2015 $11,701 $1,045,102 $627,061 $418,041
2014 $11,503 $1,024,630 $614,778 $409,852
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mulhern & Gomes Team

    KW Thrive Santa Cruz

  • D

    Buyer's Agent in 2012

    D. Rex Kuns

    The Buyers Brokerage, Inc

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Map

Source: MLSListings

MLS Number: ML81210197

MLSListings

APN: 011-073-34-000

California Santa Cruz County Santa Cruz 95062 Upper Seabright

1506 Broadway Unit D, Santa Cruz, CA

This home is located at 1506 Broadway Unit D, Santa Cruz, CA 95062 since 19 March 2012 and is currently estimated at $2,374,647, approximately $544 per square foot. This property was built in 1973. 1506 Broadway Unit D is a home located in Santa Cruz County with nearby schools including Gault Elementary School, Mission Hill Middle School, and Harbor High School.

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