NOT LISTED FOR SALE

Estimated Value: $1,215,000 - $1,516,375

4 Beds
2 Baths
1,768 Sq Ft
$775/Sq Ft Est. Value

Last Sold February 14, 2020

Last sale price $860,000 $486 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,366/month

22 Days on Market

Highlights

  • Level Lot
  • Carpet
  • 1-Story Property
  • Mission Hill Middle School Rated A-

About This Home

As of February 2020

Centrally located duplex with easy access to the Hwy 1, Capitola Mall, Twin Lakes Beach, Sunny Cove Beach and Live Oak Elementary School. One unit has a fenced rear yard and the other unit as a patio. Off street parking for up to 4 cars. New park under construction within 3-4 Blocks on Chanticleer Ave. A very appealing income property with lots of potential!. Two 884 SF units with two bedrooms and 1 bath each.

Last Agent to Sell the Property

Greg Weber

Vista Properties Inc License #01856328 Listed on: 12/18/2019

Last Buyer's Agent

Suzanne M. Rodoni

Real Estate Eight Three One License #01038226

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,745

Year Built

  • 1977

Lot Details

  • 6,273 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $54,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $600
  • Manager Expense $5,460
  • Operating Expense $13,207
  • Gross Income $54,054

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,745

Year Built

1977

Lot Details

0

Listing Details

  • Zoning: R-1-4
  • Subclass: Duplex
  • Style: Ranch
  • Age: 42
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1768
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Living Sq Ft: 1768
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

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

Garage/Parking

  • Garage Parking Features: Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High
  • Elementary School: Live Oak Elementary
  • Middle School: Shoreline Middle
  • High School: Harbor High
  • High School: 851
  • Elementary School: 882
  • Middle School: 884

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1440
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6273.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6273.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.21
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 600
  • Expense Management: 5460
  • Expenses Total: 13207
  • Income Annual Gross: 54054.00
  • Income Annual Rental: 54600
  • Income Gross Scheduled: 54600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance - Repair, Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2019
Closed on
Feb 4, 2020
Sold by
Fazekas Daryl
Bought by
Bruce Gary V and Bruce Teresa
Seller's Agent
Greg Weber
Vista Properties Inc
Buyer's Agent
Suzanne M. Rodoni
Real Estate Eight Three One
List Price
$885,000
Sold Price
$860,000
Premium/Discount to List
-$25,000
-2.82%
Current Estimated Value
$1,370,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$510,844
Avg. Annual Appreciation
8.83%
Original Mortgage
$645,000
Interest Rate
3.72%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2019
Sold by
Lenhard Philip A and The Philip A Lenhard Trust
Bought by
Fazekas Daryl

Purchase Details

Closed on
Mar 22, 2010
Sold by
Lenhard Philip A
Bought by
The Philip A Lenhard Trust

Purchase Details

Closed on
Dec 23, 1999
Sold by
Hess Richard and Hess Elizabeth Hw
Bought by
Lenhard Philip A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$179,000
Interest Rate
6.5%

Purchase Details

Closed on
Jan 11, 1999
Sold by
Faler Ursula Mary and Faler Mary
Bought by
Faler Ursula Mary and Ursula Mary Faler 1999 Trust
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Bruce Gary V $860,000 First American Title Company
Fazekas Daryl $850,000 Stewart Title Of California
The Philip A Lenhard Trust -- None Available
Lenhard Philip A $349,000 Old Republic Title Company
Faler Ursula Mary -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruce Gary V $200,000
Open Bruce Gary V $655,000
Closed Bruce Gary V $645,000
Previous Owner Lenhard Philip A $69,123
Previous Owner Lenhard Philip A $181,000
Previous Owner Lenhard Philip A $179,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2020 02/14/20 Sold $860,000 -2.8% $486 / Sq Ft
01/10/2020 01/10/20 Pending -- -- --
12/18/2019 12/18/19 For Sale $885,000 -- $501 / 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 $12,745 $940,536 $612,442 $328,094
2023 $12,155 $904,014 $588,660 $315,354
2022 $11,848 $886,288 $577,118 $309,170
2021 $11,451 $868,910 $565,802 $303,108
2020 $11,385 $867,000 $510,000 $357,000
2019 $7,147 $480,867 $303,126 $177,741
2018 $6,993 $471,439 $297,183 $174,256
2017 $6,850 $462,196 $291,356 $170,840
2016 $6,686 $453,133 $285,643 $167,490
2015 $6,478 $446,326 $281,352 $164,974
2014 $6,360 $437,583 $275,841 $161,742
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81777565

MLSListings

APN: 029-144-02-000