NOT LISTED FOR SALE

Estimated Value: $1,546,000 - $1,957,559

6 Beds
4 Baths
2,784 Sq Ft
$618/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $1,550,000 $557 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $11,050/month

1 Day on Market

Highlights

  • Fireplace
  • 2 Car Attached Garage
  • 4-minute walk to Chanticleer Avenue County Park
  • Mission Hill Middle School Rated A-
  • Forced Air Heating System

About This Home

As of July 2021

Desirable duplex. Each unit has 3 bedrooms, 1 1/2 baths, fireplace, laundry hookups, one car garage and fenced back yards. Floor plan has 3 bedrooms and 1 bath upstairs and kitchen, dining, living room, one-half bath downstairs.

Last Agent to Sell the Property

Russell Gross

Russell E. Gross Real Estate License #00887251 Listed on: 06/05/2021

Last Buyer's Agent

Jose Reyes

Intero Real Estate Services License #02073740

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,329

Year Built

  • 1967

Lot Details

  • 7,536 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,784 Sq Ft Home
  • Fireplace

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $54,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $1,800
  • Maintenance Expense $1,000
  • Utility Expense $2,400
  • Operating Expense $10,180
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,329

Year Built

1967

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM-3
  • Subclass: Duplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2784
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Living Sq Ft: 2784

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Central Forced Air, Fireplace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.1730
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7536.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7536.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 28.70
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1800
  • Expense Landscape: 1440
  • Expense Maintenance: 1000
  • Expenses Total: 10180
  • Expenses Utility: 2400
  • Income Annual Gross: 54000.00
  • Income Annual Rental: 54000
  • Income Gross Scheduled: 54000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 10, 2021
Sold by
Boyd Branden Thomas
Bought by
Boyd Kandyce V
Seller's Agent
Russell Gross
Russell E. Gross Real Estate
Buyer's Agent
Jose Reyes
Intero Real Estate Services
List Price
$1,550,000
Sold Price
$1,550,000
Current Estimated Value
$1,720,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,390
Avg. Annual Appreciation
2.55%
Original Mortgage
$1,240,000
Outstanding Balance
$1,129,975
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$590,415

Purchase Details

Listed on
Jun 5, 2021
Closed on
Jul 9, 2021
Sold by
Smith Patricia J and The Smith Revocable Living Tru
Bought by
Vega Kathryn M and Boyd Kandyce V
Seller's Agent
Russell Gross
Russell E. Gross Real Estate
Buyer's Agent
Jose Reyes
Intero Real Estate Services
List Price
$1,550,000
Sold Price
$1,550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,240,000
Outstanding Balance
$1,129,975
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$590,415

Purchase Details

Closed on
Jun 30, 2000
Sold by
Smith Patricia J
Bought by
Smith Patricia J and The Smith Revocable 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
Boyd Kandyce V -- Old Republic Title Company
Vega Kathryn M $1,550,000 Old Republic Title Company
Vega Irma -- Old Republic Title Company
Smith Patricia J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vega Kathryn M $1,240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2021 07/15/21 Sold $1,550,000 0.0% $557 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/05/2021 06/05/21 For Sale $1,550,000 -- $557 / 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 $20,329 $1,644,871 $1,008,147 $636,724
2023 $19,404 $1,581,000 $969,000 $612,000
2022 $18,967 $1,550,000 $950,000 $600,000
2021 $3,615 $144,634 $18,605 $126,029
2020 $3,540 $143,151 $18,414 $124,737
2019 $3,467 $140,344 $18,053 $122,291
2018 $3,371 $137,592 $17,699 $119,893
2017 $3,287 $134,894 $17,352 $117,542
2016 $3,199 $132,249 $17,012 $115,237
2015 $2,994 $130,262 $16,756 $113,506
2014 $2,919 $127,711 $16,428 $111,283
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81847548

MLSListings

APN: 029-271-06-000