Paul Burrowes
David Lyng Real Estate
(831) 480-0660
42 Total Sales
2 in Capitola
$421K - $450K Price Range
1770 48th Ave Capitola, CA 95010
Capitola AreaEstimated Value: $1,858,764
8
Beds
4
Baths
3,072
Sq Ft
$605/Sq Ft
Est. Value
About This Home
As of October 2022Fantastic 4-Plex in Capitola By The Sea! This is a great multi-family investment opportunity in a prime beach neighborhood! Building has value add and upside rent potential with current rents at $96,840 per annum. Upgrade at your own pace. All units currently occupied with long-standing tenants. Each unit is 2BD, 1BA, approx. 768SqFt. Carport space for each unit with storage, coin-op laundry, large shared deck. EVERYTHING is within walking distance! Drop down into beautiful Capitola Village and Beaches or walk to 41st for all shopping, dining, etc. So many possibilities: make upstairs into one large living space and rent downstairs units to create your dream beach retreat? This established neighborhood is a quiet enclave in one of the most desirable areas of Santa Cruz County!
Last Agent to Sell the Property
Wellington Dev. & Invest. License #01823794 Listed on: 08/01/2022
Last Buyer's Agent
Robert Deacon
Monterey Bay Properties License #00578842
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Property Details
Home Type
- Multi-Family
Year Built
- 1964
Lot Details
- 3,615
Parking
- 4 Carport Spaces
Home Design
- Quadruplex
- Flat Roof Shape
- Pillar, Post or Pier Foundation
- Tar and Gravel Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,072 Sq Ft Home
- 2-Story Property
Additional Features
- 3,615 Sq Ft Lot
- Horses Potentially Allowed on Property
- Wall Furnace
Listing and Financial Details
- Total Actual Rent $96,840
- Month-to-Month Lease Term
Community Details
Overview
Building Details
- 4 Leased Units
- Gardener Expense $1,200
- Insurance Expense $2,698
- Maintenance Expense $4,825
- Manager Expense $7,747
- Other Expense $949
- Utility Expense $4,480
- Trash Expense $1,824
- Operating Expense $35,307
- Gross Income $98,780
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
Listed on
Aug 1, 2022
Closed on
Sep 29, 2022
Sold by
Schrepfer Steven C and Schrepfer L D
Bought by
Seller's Agent
Ashley Haut
Wellington Dev. & Invest.
Buyer's Agent
Robert Deacon
Monterey Bay Properties
List Price
$1,795,000
Sold Price
$1,720,000
Premium/Discount to List
-$75,000
-4.18%
Views
15
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,764
Avg. Annual Appreciation
1.98%
Original Mortgage
$700,000
Interest Rate
5.55%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 11, 2021
Sold by
Diane Schrepfer Lenorah
Bought by
Steve C Schrepfer And L Diane Schrepfer Livin
Purchase Details
Closed on
Oct 29, 2019
Sold by
Schrepfer L Diane L and Schrepfer Steven C
Bought by
Schrepfer L Diane L and Schrepfer Steven C
Purchase Details
Closed on
Jul 20, 2011
Sold by
Schrepfer Susan R
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Purchase Details
Closed on
May 2, 2011
Sold by
Smith Norman D and Norman D Smith Living Trust
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Purchase Details
Closed on
Dec 9, 2009
Sold by
Schrepfer Steven Charles and Rita Margaret Schrepfer Exempt
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Purchase Details
Closed on
Nov 16, 2009
Sold by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Bought by
Schrepfer Steven C and Schrepfer Diane Schrepfer
Purchase Details
Closed on
May 23, 2005
Sold by
Smith Norman D
Bought by
Smith Norman D and The Norman D Smith Living Trus
Purchase Details
Closed on
May 24, 2001
Sold by
Schrepfer Robert Charles and Schrepfer Robert Charles
Bought by
Schrepfer Robert Charles and Rita Margaret Schrepfer Exempt
Purchase Details
Closed on
Nov 28, 2000
Sold by
Smith Janet L
Bought by
Smith Norman D
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Capitola, CA
-
Paul Burrowes
-
Tim Proschold
Tim Proschold
Luxuriant Realty
(650) 753-7481
27 Total Sales
1 in Capitola
$765,000 Price
-
Bonafede Team
Bonafede Team
Responds QuicklyCompass
(669) 266-0177
265 Total Sales
1 in Capitola
$1,025,000 Price
-
Kim Richman
Kim Richman
Compass
(669) 230-0411
81 Total Sales
1 in Capitola
$3,058,888 Price
-
Geneva Lawless
Geneva Lawless
David Lyng Real Estate
(831) 708-9272
85 Total Sales
3 in Capitola
$565K - $2.6M Price Range
-
Jeff Wickum
Jeff Wickum
Epique Realty
(831) 246-9727
29 Total Sales
2 in Capitola
$260K - $328K Price Range
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 |
|---|---|---|---|
| $1,720,000 | Old Republic Title | ||
| Steve C Schrepfer And L Diane Schrepfer Livin | -- | -- | |
| Schrepfer L Diane L | -- | None Available | |
| Schrepfer Steven C | $200,000 | None Available | |
| Schrepfer Steven C | $50,000 | Old Republic Title Company | |
| Schrepfer Steven C | -- | None Available | |
| Schrepfer Steven C | -- | None Available | |
| Smith Norman D | -- | -- | |
| Schrepfer Robert Charles | -- | -- | |
| Smith Norman D | -- | -- |
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 |
|---|---|---|---|
| Open | $750,000 | ||
| Closed | Robert Thomas Deacon | $700,000 |
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 |
|---|---|---|---|---|
| 10/06/2022 10/06/22 | Sold | $1,720,000 | -4.2% | $560 / Sq Ft |
| 08/18/2022 08/18/22 | Pending | -- | -- | -- |
| 08/01/2022 08/01/22 | For Sale | $1,795,000 | -- | $584 / 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 |
|---|---|---|---|---|
| 2026 | $24,733 | $1,825,278 | $1,188,553 | $636,725 |
| 2025 | $23,107 | $1,789,488 | $1,165,248 | $624,240 |
| 2023 | $23,399 | $1,799,892 | $1,123,632 | $676,260 |
| 2022 | $23,063 | $1,764,600 | $1,101,600 | $663,000 |
| 2021 | $11,584 | $742,492 | $421,837 | $320,655 |
| 2020 | $11,392 | $734,878 | $417,511 | $317,367 |
| 2019 | $11,124 | $720,470 | $409,325 | $311,145 |
| 2018 | $10,871 | $706,343 | $401,299 | $305,044 |
| 2017 | $10,682 | $692,493 | $393,430 | $299,063 |
| 2016 | $10,111 | $678,915 | $385,716 | $293,199 |
| 2015 | $9,704 | $668,717 | $379,922 | $288,795 |
| 2014 | $9,471 | $655,618 | $372,480 | $283,138 |
Source: Public Records
Agents Affiliated with this Home
-
Ashley Haut
AH
Seller's Agent in 2022
Ashley Haut
Wellington Dev. & Invest.
(831) 475-6200
9 Total Sales
-
RD
Buyer's Agent in 2022
Robert Deacon
Monterey Bay Properties
Map
Source: MLSListings
MLS Number: ML81902332
APN: 034-023-23-000
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