NOT LISTED FOR SALE

Estimated Value: $1,644,000 - $2,180,535

6 Beds
4 Baths
3,438 Sq Ft
$554/Sq Ft Est. Value

Sale Details

Date Sold: December 10, 2024

Last sale price $1,700,000 $494 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $12,511 / mo

42 Days on Market

Highlights

  • Skylights in Kitchen
  • 2 Car Attached Garage
  • Fenced
  • Mission Hill Middle School Rated A-
  • Washer and Dryer

About This Home

As of December 2024

Spacious duplex on a corner lot in the heart of Capitola.Two-3/2 bath units.One unit is a single level and faces 42nd Ave.The other unit is above the 2-car garage and is on Clares Street.Both units have carpet & vinyl flooring throughout,refrigerators,washer & dryers,recently painted,separate meters, & new roof replaced in 2023.Fenced yard with fig, peach and lemon trees.Centrally located to all amenities.Close to beautiful Capitola village,fine dining including the Shadowbrook Restaurant,shopping,art galleries, banks,library and access to Hwy 1.Great opportunity--Not to be missed--Come and envision all your possibilities!!!

Last Agent to Sell the Property

Leila Minugh

David Lyng Real Estate License #01208241 Listed on: 09/19/2024

David Lyng Real Estate

Last Buyer's Agent

Jimmy Castellanos

Marcus & Millichap License #02024152

Range of Values:

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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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Property Details

Home Type

  • Multi-Family

Year Built

  • 1944

Lot Details

  • 6,360 Sq Ft Lot
  • Fenced
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Uncovered Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,438 Sq Ft Home
  • Skylights in Kitchen
  • Built-In Oven
  • Washer and Dryer

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $96,000

Community Details

Overview

Building Details

  • Insurance Expense $2,200
  • Operating Expense $30,200
  • Gross Income $96,000

Property Details

Home Type

Multi-Family

Year Built

1944

Lot Details

6,360 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: .
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3438
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1944

Interior Features

  • Kitchen: Oven Range - Built-In, Refrigerator, Skylight
  • Living Sq Ft: 3438
  • Laundry: Washer / Dryer

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Fenced, Sprinklers - Lawn

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, On Street, Uncovered Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Skylight

Lot Info

  • Lot Acres: 0.1460
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6360.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6360.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 19.74

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2200
  • Expenses Total: 30200
  • Income Annual Gross: 96000.00
  • Income Annual Rental: 96000
  • Income Gross Scheduled: 96000
  • Meters: Separate Electric
  • Number Of Buildings: 1

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
Sep 19, 2024
Closed on
Dec 2, 2024
Sold by
Gemignani Aladino J and Swaney Joanne L
Bought by
Seller's Agent
Leila Minugh
David Lyng Real Estate
Buyer's Agent
Jimmy Castellanos
Marcus & Millichap
List Price
$1,895,000
Sold Price
$1,700,000
Premium/Discount to List
-$195,000
-10.29%
Views
32
Current Estimated Value
$1,941,378

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,378
Avg. Annual Appreciation
6.76%

Purchase Details

Closed on
May 6, 2024
Sold by
Swaney Joanne L and Gemignani Aladino J
Bought by
Swaney Joanne L and Gemignani Aladino J

Purchase Details

Closed on
Feb 26, 1999
Sold by
Gemignani Lina J
Bought by
Gemignani Lina J and Gemignani Family Revocable Liv
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Capitola, CA

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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
$1,700,000 Old Republic Title Company
Swaney Joanne L -- None Listed On Document
Gemignani Lina J -- --
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
Previous Owner $100,000
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
12/10/2024 12/10/24 Sold $1,700,000 -10.3% $494 / Sq Ft
10/31/2024 10/31/24 Pending -- -- --
09/19/2024 09/19/24 For Sale $1,895,000 -- $551 / 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 $21,601 $1,734,000 $1,300,500 $433,500
2025 $6,175 $1,700,000 $1,275,000 $425,000
2023 $5,978 $377,256 $85,396 $291,860
2022 $5,849 $369,860 $83,722 $286,138
2021 $5,666 $362,608 $82,080 $280,528
2020 $5,571 $358,888 $81,238 $277,650
2019 $5,439 $351,852 $79,646 $272,206
2018 $5,314 $344,954 $78,084 $266,870
2017 $5,220 $338,194 $76,554 $261,640
2016 $4,943 $331,562 $75,052 $256,510
2015 $4,704 $326,580 $73,924 $252,656
2014 $4,589 $320,182 $72,476 $247,706
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81980437

MLSListings

APN: 034-201-25-000

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