NOT LISTED FOR SALE

16 Cottage Dr Watsonville, CA 95076

Estimated Value: $791,000 - $947,000

4 Beds
2 Baths
1,283 Sq Ft
$659/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2022

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

Est. 8% decrease in value since last sale

Current estimated payment $5,413 / mo

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

Year Built

  • 1963

Lot Details

  • 7,144

Home Design

  • 1,283 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 7,144 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

Year Built

1963

Lot Details

7,144 Sq Ft Lot

Listing Details

  • Zoning: R-1-6
  • Subclass: Duplex
  • 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

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

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

Lot Info

  • Lot Acres: 0.1640
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7144.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7144.00

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
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2022
Sold by
Bought by
Current Estimated Value
$845,697

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 28, 2022
Sold by
Bought by
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
-2.00%

Purchase Details

Closed on
Apr 6, 2008
Sold by
Bought by

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
Bought by

Purchase Details

Closed on
Aug 29, 2001
Sold by
Bought by

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%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- First American Title
$2,750,000 First American Title
-- Financial Title Company
-- Santa Cruz Title Company
$225,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $303,000
Previous Owner $191,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,468 $780,596 $482,296 $298,300
2023 $10,300 $750,285 $463,568 $286,717
2022 $10,112 $735,573 $454,478 $281,095
2021 $9,826 $721,150 $445,567 $275,583
2020 $8,290 $583,000 $360,212 $222,788
2019 $7,310 $494,418 $305,481 $188,937
2018 $6,882 $462,073 $285,496 $176,577
2017 $6,615 $435,918 $269,336 $166,582
2016 $6,108 $392,719 $242,645 $150,074
2015 $5,501 $347,539 $214,730 $132,809
2014 $5,075 $313,098 $193,450 $119,648
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

    102 Total Sales

    Raeid Farhat
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Map

Source: MLSListings

MLS Number: ML81891979

MLSListings

APN: 051-311-15-000

California Santa Cruz County Watsonville 95076

16 Cottage Dr, Watsonville, CA

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