NOT LISTED FOR SALE

Estimated Value: $1,298,000 - $1,588,528

2 Beds
2 Baths
1,346 Sq Ft
$1,037/Sq Ft Est. Value

Last Sold December 06, 2019

Last sale price $900,000 $669 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $8,708/month

11 Days on Market

Highlights

  • 2 Car Detached Garage
  • Carpet
  • 2-minute walk to Sunny Cove
  • Mission Hill Middle School Rated A-
  • 1-Story Property

About This Home

As of December 2019

Highly desirable Pleasure Point area duplex walking distance to beaches, harbor, surfing, shopping, Sunday Farmers Market and dining. Each single level unit includes one bedroom, one bathroom, a separate yard area and detached single car garage. Desirable area provides great investment opportunity with upside potential.

Last Agent to Sell the Property

John Flaniken

David Lyng Real Estate License #01420207 Listed on: 05/13/2019

David Lyng Real Estate

Last Buyer's Agent

Margaret Julien

Coldwell Banker Realty License #01090434

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,221

Year Built

  • 1937

Lot Details

  • 6,186

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,346 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 6,186 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $45,900

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $2,000
  • Utility Expense $1,000
  • Trash Expense $400
  • Operating Expense $13,140
  • Gross Income $45,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,221

Year Built

1937

Lot Details

0

Parking

2

Listing Details

  • Zoning: C-1
  • Subclass: Duplex
  • Age: 82
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1346
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Living Sq Ft: 1346
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.1420
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6186.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6186.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.06
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 13140
  • Expenses Utility: 1000
  • Expense Trash: 400
  • Income Annual Gross: 45900.00
  • Income Annual Rental: 45900
  • Income Gross Scheduled: 45900
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2019
Closed on
Nov 22, 2019
Sold by
Allen Marvyn G and Marvyn G Allen Trust
Bought by
Iguchi Daren Christopher and Chen Peggy Chi
Seller's Agent
John Flaniken
David Lyng Real Estate
Buyer's Agent
Margaret Julien
Coldwell Banker Realty
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%
Current Estimated Value
$1,395,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,882
Avg. Annual Appreciation
7.86%
Original Mortgage
$450,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 13, 2019
Closed on
Oct 29, 2019
Sold by
Allen Marvyn and Ruth L Allen Living Trust
Bought by
Allen Marvyn G and Moncado Marilyn G
Seller's Agent
John Flaniken
David Lyng Real Estate
Buyer's Agent
Margaret Julien
Coldwell Banker Realty
List Price
$875,000
Sold Price
$900,000
Premium/Discount to List
$25,000
2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2011
Sold by
Moncado Marilyn G
Bought by
Moncado Marilyn G and Marilyn G Moncado 2011 Living

Purchase Details

Closed on
Sep 9, 2003
Sold by
Allen Marvyn G
Bought by
Allen Marvyn G and Marvyn G Allen 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
Iguchi Daren Christopher $900,000 First American Title Company
Allen Marvyn G -- None Available
Moncado Marilyn G -- None Available
Allen Marvyn G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iguchi Daren Christopher $428,967
Closed Iguchi Daren Christopher $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2019 12/06/19 Sold $900,000 +2.9% $669 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
05/13/2019 05/13/19 For Sale $875,000 -- $650 / 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 $13,221 $984,282 $820,235 $164,047
2023 $12,610 $946,061 $788,384 $157,677
2022 $12,294 $927,510 $772,925 $154,585
2021 $11,888 $909,324 $757,770 $151,554
2020 $11,743 $900,000 $750,000 $150,000
2019 $3,770 $168,398 $115,268 $53,130
2018 $3,669 $165,095 $113,006 $52,089
2017 $3,581 $161,863 $110,792 $51,071
2016 $3,486 $158,689 $108,620 $50,069
2015 $3,281 $156,304 $106,988 $49,316
2014 $3,202 $153,241 $104,891 $48,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81751655

MLSListings

APN: 027-411-37-000