NOT LISTED FOR SALE

Estimated Value: $1,860,237 - $2,058,000

6 Beds
5 Baths
2,952 Sq Ft
$655/Sq Ft Est. Value

Last Sold May 19, 2017

Last sale price $1,200,000 $407 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $11,470/month

7 Days on Market

Highlights

  • Deck
  • Victorian Architecture
  • High Ceiling
  • Westlake Elementary School Rated A-
  • Loft
  • Den

About This Home

As of May 2017

Victorian Fourplex cash cow with pride of ownership. Clean and well maintained. Great Santa Cruz location to town, beach and UCSC. Separate large storage bldg. in back of property. Plenty of off-street parking. Covered porch for each unit. Newly remodel baths in 2 units, new carpet in 2 units, new refrigerators in 2 units, 3 units freshly painted, Floor plans show 1 bedroom plus other numerous rooms that have been used as bedrooms. Laundry hookups in two units Each unit has separate electric/gas meters. Call your agent,& come to open houses first weekend of May. This will not last.

Last Agent to Sell the Property

Susie Stelle

CENTURY 21 Masters License #00561000 Listed on: 05/01/2017

CENTURY 21 Masters

Last Buyer's Agent

Kroft Team

KW Thrive Santa Cruz License #70010062

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,534

Year Built

  • 1890

Lot Details

  • 8,276 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Back Yard

Home Design

  • Quadruplex
  • Victorian Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,952 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Den
  • Loft
  • Storage Room

Kitchen

  • Gas Oven
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 5 Parking Spaces
  • No Garage
  • Covered Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $86,400

Community Details

Overview

  • 2,952 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,224
  • Insurance Expense $2,000
  • Maintenance Expense $300
  • Utility Expense $7,200
  • Operating Expense $14,055
  • Gross Income $86,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,534

Year Built

1890

Lot Details

0

Listing Details

  • Zoning: R15
  • Subclass: Fourplex
  • Style: Victorian, Vintage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2952
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Kitchen: Countertop - Laminate, Exhaust Fan, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2952
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Loft, Office Area, Storage

Exterior Features

  • Foundation: Pillars / Posts / Piers
  • Roof: Composition
  • Yard/Grounds: Back Yard, Deck, Storage Shed / Structure
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Common Parking Area, No Garage, Off-Street Parking

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air, Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • High School: 852

Lot Info

  • Lot Description: Grade - Level, Paved
  • Lot Acres: 0.1900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8276.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8276.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.89
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1224
  • Expense Maintenance: 300
  • Expenses Total: 14055
  • Expenses Utility: 7200
  • Income Annual Gross: 86400.00
  • Income Annual Rental: 86400
  • Income Gross Scheduled: 86400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 23, 2022
Sold by
Mcfarland Albert M and Lee Terri
Bought by
Mcfarland/Dean Living Trust
Current Estimated Value
$1,934,309

Purchase Details

Listed on
May 1, 2017
Closed on
May 17, 2017
Sold by
Vomvolakis Steven G and Vomvolakis Terri A
Bought by
Mcfarland Albert M and Dean Terri Lee
Seller's Agent
Susie Stelle
CENTURY 21 Masters
Buyer's Agent
Kroft Team
KW Thrive Santa Cruz
List Price
$1,200,000
Sold Price
$1,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%

Purchase Details

Closed on
Mar 10, 2016
Sold by
Vomvolakis Steven G and Vomvolakis Terri A
Bought by
The Steven & Terri Vomvolakis Family Tru

Purchase Details

Closed on
Dec 14, 2015
Sold by
Vomvolakis Steven George and Patricia Vomvolakis Trust
Bought by
Vomvolakis Steven George
Source: Public Records

Range of Values:

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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
Mcfarland/Dean Living Trust -- None Listed On Document
Mcfarland Albert M $1,200,000 First American Title Company
The Steven & Terri Vomvolakis Family Tru -- None Available
Vomvolakis Steven G -- None Available
Vomvolakis Steven George -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2017 05/19/17 Sold $1,200,000 0.0% $407 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $1,200,000 -- $407 / 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 $15,534 $1,392,703 $841,425 $551,278
2023 $15,346 $1,338,623 $808,751 $529,872
2022 $15,174 $1,312,375 $792,893 $519,482
2021 $14,859 $1,286,643 $777,347 $509,296
2020 $14,743 $1,273,450 $769,376 $504,074
2019 $14,431 $1,248,480 $754,290 $494,190
2018 $14,267 $1,224,000 $739,500 $484,500
2017 $9,787 $816,000 $448,800 $367,200
2016 $3,331 $249,002 $90,158 $158,844
2015 $3,036 $245,262 $88,804 $156,458
2014 $2,989 $240,458 $87,064 $153,394
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81649259

MLSListings

APN: 006-162-07-000