NOT LISTED FOR SALE

Estimated Value: $1,195,000 - $2,193,000

6 Beds
6 Baths
2,592 Sq Ft
$668/Sq Ft Est. Value

Last Sold April 07, 2016

Last sale price $1,062,000 $410 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $10,378/month

8 Days on Market

Highlights

  • Vaulted Ceiling
  • Georgian Colonial Architecture
  • 2 Car Detached Garage
  • Aptos High School Rated A-
  • Beamed Ceilings
  • Skylights

About This Home

As of April 2016

Vacation 365 days a year! Terrific duplex only 5 blocks from the Beach & Seascape Resort, cannot beat this location for owning rentals (very high demand). Live in one side and rent the other unit out (@ $2,800 est. rents will pay approx. 535,000 of mortgage!), or terrific chance to use as a vacation home/rental on 1 side with steady rental income on the other!! Endless possibilities! Located in highly desirable Seascape! Spacious 3 bedroom, 2.5 bath units (approx 1,300 sq ft) feature: open beam ceilings, 1 car garages, plenty of off street parking; income projected @ $2,800+ per side. Located within highly desirable Rio Del Mar, Aptos Jr & Aptos High school boundaries & minutes to Highway 1 and all amenities. This truly is opportunity knocking, not many multiple units come on the market in Seascape, don't let this one slip by! With just a few cosmetic upgrades these units will shine like a new penny!

Last Agent to Sell the Property

Tyanne Scaletti

Bailey Properties License #01336421 Listed on: 03/01/2016

Co-Listed By

Pat Simmons

Bailey Properties License #01211263

Last Buyer's Agent

John O'Donnell

Santa Cruz Vanguard Realtors License #01344081

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Lot Details

  • 7,057 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • Guest Parking

Home Design

  • Duplex
  • Georgian Colonial Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 2,592 Sq Ft Home
  • 2-Story Property
  • Inverted Floor Plan
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $67,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,520
  • Operating Expense $11,938
  • Gross Income $67,200

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM-3
  • Subclass: Duplex
  • Style: Georgian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2592
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Tile, Dishwasher, Oven - Electric, Oven Range - Electric
  • Living Sq Ft: 2592
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Rolled Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Inverted Floor Plan, Open Beam Ceiling, Skylight, Vaulted Ceiling

Schools

  • High School: 826

Lot Info

  • Lot Acres: 0.1620
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7056.72
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7056.72

Green Features

  • Energy Features: Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.63
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1520
  • Expenses Total: 11938
  • Income Annual Gross: 67200.00
  • Income Annual Rental: 67200
  • Income Gross Scheduled: 67200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Maintenance - Interior, Services - Gardener/Landscaping, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2020
Sold by
Kessler John M and Byck Carole Anne
Bought by
Kessler John and Byck Carole Anne
Current Estimated Value
$1,731,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$748,000
Outstanding Balance
$663,801
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,067,589

Purchase Details

Closed on
Sep 1, 2020
Sold by
Kessler John and Byck Carole Anne
Bought by
Clark Michael T and Kessler John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$748,000
Outstanding Balance
$663,801
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,067,589

Purchase Details

Closed on
May 2, 2018
Sold by
Kessler John and Byck Carole Anne
Bought by
Kessler Byck and Byck Carole Anne

Purchase Details

Closed on
Sep 28, 2016
Sold by
Clark Michael T and Kessler John M
Bought by
Clark Michael T and Kessler John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 1, 2016
Closed on
Mar 31, 2016
Sold by
Robbert April A and April A Robbert Revocable Trus
Bought by
Clark Michael T and Kessler John M
Seller's Agent
Tyanne Scaletti
Bailey Properties
Buyer's Agent
John O'Donnell
Santa Cruz Vanguard Realtors
List Price
$1,049,999
Sold Price
$1,062,000
Premium/Discount to List
$12,001
1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.15%
Original Mortgage
$796,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 24, 2007
Sold by
Robbert April A
Bought by
Robbert April A and April A Robbert Revocable Trus

Purchase Details

Closed on
Nov 6, 2006
Sold by
Robbert April A
Bought by
Robbert April A and Robbert Revocable Livi April A

Purchase Details

Closed on
Jul 20, 2006
Sold by
Adelman Robert
Bought by
Robbert April A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$692,000
Interest Rate
7.28%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 16, 1998
Sold by
Nohrden Donald C and Nohrden Gloria J
Bought by
Adelman Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,650
Interest Rate
7.01%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kessler John -- Ticor Title Company Of Ca
Clark Michael T -- Ticor Title Company Of Ca
Kessler Byck -- None Available
Kessler John -- None Available
Clark Michael T -- Wfg National Title Company
Clark Michael T $1,062,000 Old Republic Title Company
Robbert April A -- None Available
Robbert April A -- Accommodation
Robbert April A $865,000 Old Republic Title Company
Adelman Robert $380,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clark Michael T $748,000
Closed Clark Michael T $795,000
Closed Clark Michael T $796,000
Previous Owner Robbert April A $692,000
Previous Owner Adelman Robert $290,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2016 04/07/16 Sold $1,062,000 +1.1% $410 / Sq Ft
03/09/2016 03/09/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $1,049,999 -- $405 / 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 $15,686 $1,253,087 $860,482 $392,605
2023 $15,308 $1,204,427 $827,068 $377,359
2022 $14,973 $1,180,811 $810,851 $369,960
2021 $14,563 $1,157,658 $794,952 $362,706
2020 $14,313 $1,145,788 $786,801 $358,987
2019 $14,061 $1,123,321 $771,373 $351,948
2018 $13,678 $1,101,295 $756,248 $345,047
2017 $13,546 $1,083,240 $749,700 $333,540
2016 $10,959 $854,502 $469,236 $385,266
2015 $10,419 $806,134 $442,675 $363,459
2014 $9,465 $726,247 $398,806 $327,441
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81550573

MLSListings

APN: 054-072-02-000