NOT LISTED FOR SALE

Estimated Value: $1,380,000 - $2,277,000

6 Beds
4 Baths
2,891 Sq Ft
$627/Sq Ft Est. Value

Last Sold July 19, 2021

Last sale price $1,575,000 $545 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $11,109/month

43 Days on Market

Highlights

  • Park or Greenbelt View
  • Granite Countertops
  • Washer and Dryer
  • Aptos High School Rated A-

About This Home

As of July 2021

With a brand new roof, this charming coastal duplex is right in the heart of Seascape Village You are walking distance to Seascape beach, resort, tennis club, village, golf, wooded & coastal trails, and great dining- there truly is something for everyone. Both two-story units supply 3 beds/2bath including generous upper decks & sliders; inviting natural light for cheerful treetop living. This property is one of the rare properties that backs up to 18 acres (private property) and pond adding to this a serene location. Remodeled in 2017, the back unit offers a master suite upstairs, 2 beds and 1 bath downstairs, a two car garage, and a private backyard. The front unit has a single car garage, 2 beds and 1 bath upstairs, 1bed and bath downstairs, with a 2016 kitchen remodel. Both units have indoor laundry closets and gas fireplaces. *occupied by great tenants who pay their rent on time

Last Agent to Sell the Property

Jenny Thompson

David Lyng Real Estate License #01960391 Listed on: 04/20/2021

David Lyng Real Estate

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 6,229 Sq Ft Lot

Parking

  • 3 Car Garage
  • 1 Carport Space
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,891 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $66,600

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $2,510
  • Maintenance Expense $1,861
  • Operating Expense $21,771
  • Gross Income $63,270

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM-3
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2891
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Garbage Disposal, Oven - Electric
  • Living Sq Ft: 2891
  • Stories: 2
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Post And Pier
  • Roof: Composition
  • View: Greenbelt

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Parking Features: On Street, Parking Area, Uncovered Parking
  • Carport Min: 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street

Lot Info

  • Lot Acres: 0.1430
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6229.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6229.00

Rental Info

  • Existing Lease Term(s): Month To Month, Sublease
  • Gross Rent Multiplier: 21.77
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2510
  • Expense Maintenance: 1861
  • Expenses Total: 21771
  • Income Annual Gross: 63270.00
  • Income Annual Rental: 66600
  • Income Gross Scheduled: 66600
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Other Taxes
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jul 9, 2021
Sold by
Walton Verne M and Walton Susan B
Bought by
Wong Richard and Huang Wu Q
Seller's Agent
Jenny Thompson
David Lyng Real Estate
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,450,000
Sold Price
$1,575,000
Premium/Discount to List
$125,000
8.62%
Current Estimated Value
$1,812,759

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,759
Avg. Annual Appreciation
3.16%
Original Mortgage
$1,053,000
Outstanding Balance
$955,434
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$857,325

Purchase Details

Listed on
Apr 20, 2021
Closed on
Jun 21, 2021
Sold by
Walton Verne M and Walton Susan B
Bought by
Walton Verne M and Walton Susan B
Seller's Agent
Jenny Thompson
David Lyng Real Estate
Buyer's Agent
RECIP
Out of Area Office
List Price
$1,450,000
Sold Price
$1,575,000
Premium/Discount to List
$125,000
8.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Outstanding Balance
$955,434
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$857,325

Purchase Details

Closed on
Dec 21, 2011
Sold by
Walton Verne M and Walton Susan B
Bought by
Walton Verne M and Walton Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2007
Sold by
Walton Verne M and Walton Susan B
Bought by
Walton Verne M and Walton Susan B

Purchase Details

Closed on
Oct 11, 2005
Sold by
Belli Carla and Belli Robert
Bought by
Walton Verne M and Walton Susan B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2005
Sold by
Belli Joyce I and Belli Joyce
Bought by
Belli Joyce I and Belli Carla J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 9, 2005
Sold by
Belli Joyce
Bought by
Belli Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
5.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2001
Sold by
Belli Joyce
Bought by
Belli Joyce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wong Richard $1,575,000 First American Title Company
Walton Verne M -- First American Title Company
Walton Verne M -- Chicago Title Company
Walton Verne M -- Chicago Title Company
Walton Verne M -- Accommodation
Walton Verne M $950,000 Santa Cruz Title Company
Belli Joyce I -- First American Title Co
Belli Robert K -- First American Title Co
Belli Robert -- --
Belli Carla -- --
Belli Joyce -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wong Richard $1,053,000
Previous Owner Walton Verne M $475,000
Previous Owner Walton Verne M $475,000
Previous Owner Belli Robert K $585,000
Previous Owner Belli Joyce $442,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2021 07/19/21 Sold $1,575,000 +8.6% $545 / Sq Ft
06/03/2021 06/03/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $1,450,000 0.0% $502 / Sq Ft
05/12/2021 05/12/21 Pending -- -- --
04/20/2021 04/20/21 For Sale $1,450,000 -- $502 / Sq Ft
Source: MLSListings

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 $20,352 $1,671,403 $1,061,208 $610,195
2023 $19,932 $1,606,500 $1,020,000 $586,500
2022 $19,506 $1,575,000 $1,000,000 $575,000
2021 $15,255 $1,199,390 $631,258 $568,132
2020 $14,991 $1,187,092 $624,785 $562,307
2019 $14,387 $1,132,907 $596,270 $536,637
2018 $13,431 $1,058,792 $557,262 $501,530
2017 $12,870 $998,860 $525,718 $473,142
2016 $11,970 $924,870 $486,775 $438,095
2015 $11,390 $872,519 $459,221 $413,298
2014 $10,352 $786,053 $413,712 $372,341
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81839932

MLSListings

APN: 054-571-24-000