NOT LISTED FOR SALE

218 E High St Watsonville, CA 95076

Estimated Value: $622,000 - $1,055,000

5 Beds
3 Baths
1,028 Sq Ft
$868/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $770,000 $749 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,915/month

145 Days on Market

Highlights

  • Vaulted Ceiling
  • Double Pane Windows
  • Tile Flooring
  • Fireplace
  • Walk-In Closet
  • 5-minute walk to Callaghan Park

About This Home

As of August 2020

Rare opportunity to purchase and own a recently renovated duplex within the city limits featuring two separate homes on one lot! This perfect and unique opportunity allows for one to live in one and rent the other for supplemental income or the opportunity to acquire as a great investment to rent both! The front home features 2 bedrooms, 1 bath with inside laundry connections, double pane windows, new flooring in the kitchen, fresh interior and exterior paint, and a great size living room area with high ceilings. The back home features 3 bedrooms, 2 baths with an open concept between the kitchen, dining and living room areas, new carpet in all bedrooms and new flooring in the master bath, fresh interior and exterior paint, and new light fixtures throughout. Situated in a centralized location this property offers short travels for schooling, shopping, and a variety of restaurants for quick and easy dining. This super deal is a perfect opportunity and one of the best deals of the year!

Last Agent to Sell the Property

Tony Melo

Aldina Real Estate,Inc. License #01844100 Listed on: 02/06/2020

Last Buyer's Agent

Aldina Maciel

Aldina Real Estate,Inc. License #01121286

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 6,403 Sq Ft Lot
  • Grass Covered Lot

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,028 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Fireplace
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 8 Parking Spaces
  • No Garage
  • Varies By Unit
  • On-Street Parking
  • Uncovered Parking
  • Unassigned Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Thermostat
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $60,000

Community Details

Overview

  • 1,028 Sq Ft Building

Building Details

  • Insurance Expense $2,400
  • Maintenance Expense $2,400
  • Manager Expense $6,000
  • Operating Expense $20,488
  • Gross Income $60,000

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

6,403 Sq Ft Lot

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1028
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: Cooktop - Gas, Oven - Gas
  • Living Sq Ft: 1028
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: No Garage, On Street, Unassigned Spaces, Uncovered Parking, Varies By Unit

Utilities

  • Heating System: Central Forced Air - Gas, Fireplace, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling, Walk-In Closet

Lot Info

  • Lot Acres: 0.1470
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6403.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6403.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet, Thermostat Controller

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 12.92

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2400
  • Expense Maintenance: 2400
  • Expense Management: 6000
  • Expenses Total: 20488
  • Income Annual Gross: 60000.00
  • Income Annual Rental: 60000
  • Income Gross Scheduled: 60000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance, Maintenance - Repair
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2020
Closed on
Aug 7, 2020
Sold by
Wilson Gary L and Wilson Ilene D
Bought by
Serpa Maria D and The Serpa Marital Trust
Seller's Agent
Tony Melo
Aldina Real Estate,Inc.
Buyer's Agent
Aldina Maciel
Aldina Real Estate,Inc.
List Price
$775,000
Sold Price
$770,000
Premium/Discount to List
-$5,000
-0.65%
Current Estimated Value
$892,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,723
Avg. Annual Appreciation
2.67%

Purchase Details

Closed on
Feb 21, 2007
Sold by
Wilson Gary L and Wilson Ilene D
Bought by
Wilson Gary L and Wilson Ilene D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Serpa Maria D $770,000 First American Title Company
Wilson Gary L -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2020 08/12/20 Sold $770,000 -0.6% $749 / Sq Ft
07/01/2020 07/01/20 Pending -- -- --
06/30/2020 06/30/20 For Sale $775,000 +0.6% $754 / Sq Ft
05/15/2020 05/15/20 Off Market $770,000 -- --
05/13/2020 05/13/20 Price Changed $649,000 -5.8% $631 / Sq Ft
04/28/2020 04/28/20 For Sale $689,000 0.0% $670 / Sq Ft
04/28/2020 04/28/20 Price Changed $689,000 -3.6% $670 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
02/06/2020 02/06/20 For Sale $715,000 -- $696 / Sq Ft
Source: MLSListings

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 $2,640 $210,915 $111,038 $99,877
2023 $2,598 $202,724 $106,726 $95,998
2022 $2,549 $198,750 $104,634 $94,116
2021 $2,502 $194,853 $102,582 $92,271
2020 $2,468 $192,854 $101,530 $91,324
2019 $2,423 $189,073 $99,539 $89,534
2018 $2,361 $185,366 $97,588 $87,778
2017 $2,339 $181,730 $95,674 $86,056
2016 $2,278 $178,167 $93,798 $84,369
2015 $2,268 $175,491 $92,389 $83,102
2014 $2,219 $172,053 $90,579 $81,474
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81781667

MLSListings

APN: 018-023-04-000

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