NOT LISTED FOR SALE

20 Gardner Ave Watsonville, CA 95076

Estimated Value: $664,000 - $861,737

5 Beds
2 Baths
2,200 Sq Ft
$345/Sq Ft Est. Value

Last Sold July 16, 2012

Last sale price $334,000 $152 Per Sq Ft

Est. 127% increase in value since last sale

Current estimated payment $4,347/month

14 Days on Market

Highlights

  • Neighborhood Views
  • Tile Flooring
  • Level Lot

About This Home

As of July 2012

Great investment property. Two detached homes on 1 lot. one home is 1 story, 3BR, 1 bath approx. 1,200 SF on Gardner Ave. and one home a 2 story, is 2 BR 1.5 baths, approx. 900 SF at 19 Atkinson Ln., next street south. Put 2 families here and save money! AS-IS sale. Easy walk to shopping, bus, park. Expenses are approximate only, buyer to verify.

Last Agent to Sell the Property

Mike Castle

David Lyng Real Estate License #00620895 Listed on: 04/06/2012

David Lyng Real Estate

Last Buyer's Agent

Eddie Munoz

Bailey Properties License #01201465

Bailey Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • 1938

Lot Details

  • 6,055

Parking

  • No Garage

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,200 Sq Ft Home
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $35,940

Community Details

Overview

  • 2 Units
  • 2,200 Sq Ft Building

Building Details

  • Insurance Expense $800
  • Maintenance Expense $500
  • Operating Expense $8,746
  • Gross Income $35,940

Property Details

Home Type

Multi-Family

Year Built

1938

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 151.82
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2200
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 2200
  • Laundry: Laundry - No
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: No Garage, No Parking

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5662.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5662.00
  • Lot Size Area Min Search: 5662.00
  • Maximum Lot Size: 5662.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.78

Multi Family

  • Expense Insurance: 800
  • Expense Maintenance: 500
  • Expenses Total: 8746
  • Income Annual Gross: 35940.00
  • Income Annual Rental: 35940
  • Income Gross Scheduled: 35940
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2012
Closed on
Jul 3, 2012
Sold by
Houghton Cathryn M and Estate Of Dorothy D Houghton
Bought by
Tapia Candido and Tapia Avelina E
Seller's Agent
Mike Castle
David Lyng Real Estate
Buyer's Agent
Eddie Munoz
Bailey Properties
List Price
$351,500
Sold Price
$334,000
Premium/Discount to List
-$17,500
-4.98%
Current Estimated Value
$758,434

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,434
Avg. Annual Appreciation
6.25%
Original Mortgage
$327,950
Outstanding Balance
$227,235
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$531,199

Purchase Details

Closed on
Apr 15, 2009
Sold by
The Bank Of New York
Bought by
Houghton David E and Houghton Dorothy D

Purchase Details

Closed on
Sep 22, 2008
Sold by
Sanchez Reyna Maria
Bought by
The Bank Of New York and Cit Mortgage Loan Trust 2007-1

Purchase Details

Closed on
Jun 2, 2006
Sold by
Bella Investments General Partnership
Bought by
Sanchez Reyna Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 24, 2006
Sold by
Mowery John G and John G & Margaret Ann Mowery 1
Bought by
Bella Investments

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
6.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 23, 1999
Sold by
Margaret A
Bought by
Mowery John G and Mowery Margaret Ann

Purchase Details

Closed on
Jul 15, 1994
Sold by
Mckenzie Robert L
Bought by
Mowrey John G and Mowrey Margaret A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tapia Candido $334,000 First American Title Company
Houghton David E $200,000 Lawyers Title Company
The Bank Of New York $321,707 None Available
Sanchez Reyna Maria $575,000 First American Title Company
Bella Investments $500,000 First American Title Company
Mowery John G -- --
Mowrey John G $175,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tapia Candido $327,950
Previous Owner Sanchez Reyna Maria $435,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2012 07/16/12 Sold $334,000 -5.0% $152 / Sq Ft
04/20/2012 04/20/12 Pending -- -- --
04/06/2012 04/06/12 For Sale $351,500 -- $160 / 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 $5,046 $423,636 $254,182 $169,454
2023 $4,968 $407,186 $244,312 $162,874
2022 $4,879 $399,202 $239,521 $159,681
2021 $4,795 $391,375 $234,825 $156,550
2020 $4,727 $387,362 $232,417 $154,945
2019 $4,995 $379,766 $227,860 $151,906
2018 $4,898 $372,320 $223,392 $148,928
2017 $4,880 $365,019 $219,011 $146,008
2016 $4,784 $357,862 $214,717 $143,145
2015 $4,789 $352,487 $211,492 $140,995
2014 $4,717 $345,582 $207,349 $138,233
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2012

    Mike Castle

    David Lyng Real Estate

    Section Image

  • E

    Buyer's Agent in 2012

    Eddie Munoz

    Bailey Properties

    Section Image
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Map

Source: MLSListings

MLS Number: ML81212726

MLSListings

APN: 019-263-12-000

California Santa Cruz County Watsonville 95076

20 Gardner Ave, Watsonville, CA

Not Listed for Sale

MultiFamily

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