NOT LISTED FOR SALE

Estimated Value: $3,356,000 - $3,842,581

5 Beds
7 Baths
3,977 Sq Ft
$900/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $2,300,000 $578 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $21,120/month

5 Days on Market

Highlights

  • Wood Flooring
  • 3 Car Attached Garage
  • Forced Air Heating System
  • Mission Hill Middle School Rated A-
  • Secured Garage or Parking

About This Home

As of March 2020

Once in a decade duplex offering in Santa Cruz's sought after yacht club neighborhood! This property sits just 1 block away from Seabright Beach and 2-3 blocks to the Santa Cruz Yacht Harbor. 221 1st Ave is a large 3 bedroom, 3.5 bathroom unit w/ 2 car garage and approximately 2500 square feet of living space. The floor plan consists of several seating and living areas, open kitchen w/ living room, private backyard patio, and washer/dryer inside. The master bedroom is enormous w/ a second seating area large enough for an office or private den. All three bedrooms and full bathrooms are located upstairs w/ a guest bathroom downstairs. 223 1st Ave is a separate 2 bedroom 2.5 bathroom unit w/ 1 car garage and approximately 1477 square feet of living space. Floor plan consisting of an open kitchen, dining, and living room downstairs along w/ a guest bathroom. Upstairs is both bedrooms each w/ a private bathroom. Centrally located between the Westside of SC and the Pleasure Point area.

Last Agent to Sell the Property

Scott Webber

Christie's International Real Estate Sereno License #01925612 Listed on: 01/28/2020

Christie's International Real Estate Sereno

Last Buyer's Agent

Craig Springbett

Christie's International Real Estate Sereno License #01145599

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,705

Year Built

  • 1997

Lot Details

  • 6,011

Parking

  • 3 Car Attached Garage
  • Secured Garage or Parking

Home Design

  • 3,977 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Wood
  • Carpet

Additional Features

  • 6,011 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $120,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $2,400
  • Insurance Expense $2,500
  • Maintenance Expense $5,000
  • Operating Expense $38,025
  • Gross Income $120,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,705

Year Built

1997

Lot Details

0

Parking

3

Listing Details

  • Zoning: R1-4
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3977
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1997

Interior Features

  • Living Sq Ft: 3977
  • Security: Secured Garage / Parking
  • Flooring: Carpet, Hardwood

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1380
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6011.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6011.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.58
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 2400
  • Expense Maintenance: 5000
  • Expenses Total: 38025
  • Income Annual Gross: 120000.00
  • Income Annual Rental: 120000
  • Income Gross Scheduled: 120000
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Review With Offer
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
Woodley Clinton J and Woodley Ryan K
Bought by
Woodley Development Llc
Current Estimated Value
$3,578,145

Purchase Details

Listed on
Jan 28, 2020
Closed on
Mar 13, 2020
Sold by
Woodley Sarah
Bought by
Woodley Ryan K
Seller's Agent
Scott Webber
Christie's International Real Estate Sereno
Buyer's Agent
Craig Springbett
Christie's International Real Estate Sereno
List Price
$2,350,000
Sold Price
$2,300,000
Premium/Discount to List
-$50,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$1,500,000
Outstanding Balance
$1,328,464
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$2,249,681

Purchase Details

Listed on
Jan 28, 2020
Closed on
Feb 24, 2020
Sold by
Perry Sharon L and Shepherd Robert F
Bought by
Woodley Ryan K
Seller's Agent
Scott Webber
Christie's International Real Estate Sereno
Buyer's Agent
Craig Springbett
Christie's International Real Estate Sereno
List Price
$2,350,000
Sold Price
$2,300,000
Premium/Discount to List
-$50,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,500,000
Outstanding Balance
$1,328,464
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$2,249,681

Purchase Details

Closed on
Oct 26, 2017
Sold by
Shepherd Robert F and Shepherd Tamara L
Bought by
Shepherd Robert F and Shepherd Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,254,500
Interest Rate
4.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 21, 2011
Sold by
Shepherd Robert F and Shepherd Tamara L
Bought by
Shepherd Robert F and Shepherd Tamara L

Purchase Details

Closed on
Jan 11, 2006
Sold by
Shepherd Robert Frank and Frank C Shepherd Living Trust
Bought by
Shepherd Robert F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2004
Sold by
Shepherd Robert F and Shepherd Tamara L
Bought by
Shepherd Robert Frank and The Frank C Shepherd Living Tr

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 24, 2004
Sold by
Fischer Mark C and Fischer Marilyn E
Bought by
Shepherd Robert F and Shepherd Tamara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,155,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2002
Sold by
Gilliom Greg L and Kissel Kathleen A
Bought by
Gilliom Greg L and Kissel Kathleen A

Purchase Details

Closed on
Jun 4, 1998
Sold by
Darling Robert P and Darling Elizabeth D
Bought by
Fischer Mark C and Fischer Marilyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$618,750
Interest Rate
7.25%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Woodley Development Llc -- None Available
Woodley Clinton J -- None Available
Woodley Ryan K -- Old Republic Title Company
Woodley Ryan K $2,300,000 Old Republic Title Company
Shepherd Robert F -- Old Republic Title Company
Shepherd Robert F -- Old Republic Title Company
Shepherd Robert F -- None Available
Shepherd Robert F -- None Available
Perry Sharon L -- None Available
Shepherd Robert F -- First American Title Co
Shepherd Robert Frank -- First American Title Co
Shepherd Robert F $1,650,000 First American Title Co
Gilliom Greg L -- --
Fischer Mark C $825,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Woodley Ryan K $1,500,000
Previous Owner Shepherd Robert F $1,254,500
Previous Owner Shepherd Robert F $200,000
Previous Owner Shepherd Robert F $1,155,000
Previous Owner Fischer Mark C $618,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2020 03/16/20 Sold $2,300,000 -2.1% $578 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
01/28/2020 01/28/20 For Sale $2,350,000 -- $591 / 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 $28,705 $2,638,970 $1,650,709 $988,261
2023 $28,350 $2,536,495 $1,586,610 $949,885
2022 $28,025 $2,486,760 $1,555,500 $931,260
2021 $26,170 $2,323,828 $1,439,763 $884,065
2020 $22,956 $2,027,920 $1,237,282 $790,638
2019 $22,470 $1,988,156 $1,213,022 $775,134
2018 $22,126 $1,941,581 $1,213,488 $728,093
2017 $21,034 $1,831,680 $1,144,800 $686,880
2016 $18,772 $1,696,000 $1,060,000 $636,000
2015 $17,672 $1,600,000 $1,000,000 $600,000
2014 $15,165 $1,365,250 $827,425 $537,825
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81780464

MLSListings

APN: 010-251-33-000