NOT LISTED FOR SALE

2205 Wharf Rd Capitola, CA 95010

Estimated Value: $1,489,000 - $2,492,000

4 Beds
4 Baths
3,291 Sq Ft
$631/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $1,579,000 $480 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $13,357/month

4 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Balcony
  • Mission Hill Middle School Rated A-
  • Wood Flooring
  • 3-minute walk to Peery Park

About This Home

As of February 2020

Capitola Triplex, turnkey condition, fully remodeled and fully leased. Walkable to Capitola Village Beach,Wharf, & new Capitola Library. EZ freeway access at Bay/Porter exit/entrance. Separately metered water/gas/electric, & tenants pay for garbage collection service. Each unit has a 1 car garage & 1 additional parking space, plus separate parking for guest use. Remodeled kitchens, remodeled bathrooms, new electrical panels, new wiring/switches/outlets, new plumbing, new tile flooring, new laminate floors, refinished hardwood flooring, new redwood and Trex decks, new exterior and interior paint, dual pane windows and doors. Other infrastructure improvements include new water meters & new water service lines, new heating, new tankless water heaters, new natural gas meters, new sewer lateral connection, updated landscaping & new redwood fencing. Each unit features either a trex-style deck or an outdoor patio area. This is a gem of a multi-family investment in a prime Capitola location.

Last Listed By

Michael Lavigne

Michael Lavigne Real Estate License #01782392 Listed on: 01/02/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,732

Year Built

  • 1954

Lot Details

  • 0.31 Acre Lot
  • Fenced

Parking

  • 3 Car Garage
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Triplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,291 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Double Pane Windows
  • Crawl Space
  • Washer and Dryer

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter
  • Tankless Water Heater

Listing and Financial Details

  • Total Actual Rent $82,200

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,680
  • Insurance Expense $1,300
  • Operating Expense $22,180
  • Gross Income $82,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,732

Year Built

1954

Lot Details

0

Parking

3

Listing Details

  • Zoning: RM
  • Subclass: Triplex
  • Style: Traditional
  • Age: 65
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3291
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1954

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 3291
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Sealed Crawlspace
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Deck, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, Guest / Visitor Parking, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Skylight

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.3053
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13299.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13299.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet, Tankless Water Heater

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 19.45
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1300
  • Expense Landscape: 1680
  • Expenses Total: 22180
  • Income Annual Gross: 82200.00
  • Income Annual Rental: 82200
  • Income Gross Scheduled: 82200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Services - Gardener
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Deacon Robert Thomas and Deacon Diane Camille
Bought by
Robert Thomas Deacon And Diane Camille Deacon and Deacon
Total Days on Market
4
Current Estimated Value
$2,077,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$495,008
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$1,480,992

Purchase Details

Closed on
Sep 28, 2023
Sold by
Sheridan Hattis Family Trust
Bought by
Robert Thomas Deacon And Diane Camille Deacon and Deacon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$495,008
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$1,480,992

Purchase Details

Closed on
Sep 1, 2022
Sold by
Robert Hattis Larry
Bought by
Sheridan Lisa

Purchase Details

Closed on
Aug 30, 2022
Sold by
Lisa Sheridan
Bought by
Sheridan Lisa

Purchase Details

Closed on
Aug 21, 2020
Sold by
Xchange Solutions Inc
Bought by
Deacon Robert and Deacon Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$789,950
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 2, 2020
Closed on
Feb 4, 2020
Sold by
Wright Christopher L and Wright Virginia B
Bought by
Xchange Solutions Inc
Seller's Agent
Michael Lavigne
Michael Lavigne Real Estate
Buyer's Agent
Robert Deacon
Monterey Bay Properties
List Price
$1,599,000
Sold Price
$1,579,000
Premium/Discount to List
-$20,000
-1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%

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
Robert Thomas Deacon And Diane Camille Deacon -- Old Republic Title Company
Robert Thomas Deacon And Diane Camille Deacon $495,500 Old Republic Title Company
Sheridan Lisa -- --
Deacon Robert $800,000 First American Title Company
Xchange Solutions Inc $1,579,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Robert Thomas Deacon And Diane Camille Deacon $500,000
Previous Owner Deacon Robert $789,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $1,579,000 -1.3% $480 / Sq Ft
01/06/2020 01/06/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $1,599,000 +80.9% $486 / Sq Ft
12/18/2014 12/18/14 Sold $884,000 -4.4% $280 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
10/14/2014 10/14/14 For Sale $925,000 -- $293 / 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
2023 $20,732 $1,642,792 $1,018,552 $624,240
2022 $20,458 $1,610,580 $998,580 $612,000
2021 $19,946 $1,579,000 $979,000 $600,000
2020 $11,667 $834,396 $406,187 $428,209
2019 $11,391 $818,035 $398,222 $419,813
Source: Public Records

Agents Affiliated with this Home

  • Michael Lavigne

    Seller's Agent in 2020

    Michael Lavigne

    Michael Lavigne Real Estate

    (831) 689-9784

    28 Total Sales

    Michael Lavigne
    Section Image
  • Robert Deacon

    Buyer's Agent in 2020

    Robert Deacon

    Monterey Bay Properties

    (831) 464-5245

    34 Total Sales

    Section Image
  • Gregg Camp

    Seller's Agent in 2014

    Gregg Camp

    Property In Santa Cruz

    (831) 818-7524

    57 Total Sales

    Gregg Camp
    Section Image

  • C

    Buyer's Agent in 2014

    Charles Talman

    Bankers Hill Capital, Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81777366

MLSListings

APN: 034-141-36

California Santa Cruz County Capitola 95010

2205 Wharf Rd, Capitola, CA

Homes for Sale in Capitola, CA

This home is located at 2205 Wharf Rd, Capitola, CA 95010 since 02 January 2020 and is currently estimated at $2,077,667, approximately $631 per square foot. This property was built in 1954. 2205 Wharf Rd is a home located in Santa Cruz County with nearby schools including Soquel Elementary School, New Brighton Middle School, and Mission Hill Middle School.

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