NOT LISTED FOR SALE

Estimated Value: $2,477,000 - $3,017,000

1.63 Acres
$1,645,919 Price per Acre
70,872 Sq Ft Lot

Last Sold August 16, 2024

Last sale price $2,500,000 $1,216 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $14,545/month

8 Days on Market

Highlights

  • 1.63 Acre Lot
  • Partially Fenced Property
  • Level Lot
  • Mission Hill Middle School Rated A-

About This Lot

As of August 2024

Rare Opportunity! Explore this extraordinary 1.627-acre gem nestled in the heart of Live Oak, Santa Cruz County. Boasting 70,872 sq ft and R-1-6 Zoning, this expansive, level lot offers exceptional development potential. Positioned just 1.5 miles from Santa Cruz's renowned beaches and surrounded by amenities including schools, shops, and eateries, convenience merges with opportunity. Recent nearby subdivisions underscore the area's growth potential, making this investment a true rarity. Adding to its appeal, two existing single-family homes provide comfortable living spaces throughout the planning and permitting phases. With a growing demand for housing and the backing of state and county initiatives, this is your chance to secure a coveted slice of Santa Cruz County's real estate landscape and unlock the boundless possibilities of this remarkable property!

Last Agent to Sell the Property

Michael Bloch

Christie's International Real Estate Sereno License #01382661 Listed on: 05/15/2024

Christie's International Real Estate Sereno

Last Buyer's Agent

ShopProp Realty

ShopProp, Inc License #01881220

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,003

Lot Details

  • 1.63 Acre Lot
  • Partially Fenced Property
  • Level Lot

Property Details

Property Type

Land

Est. Annual Taxes

$4,003

Lot Details

0

Listing Details

  • Zoning: R-1-6-D
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Residential
  • Development Status: Possible Lot Split
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Partial Fencing

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 1.6270
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 70872.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 70872.00
  • Parcel Access: County Maintained Road

Multi Family

  • Utilities: Electricity - On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Aug 14, 2024
Sold by
Kalluru Vani
Bought by
Bollineni Kondapanaidu
Seller's Agent
Michael Bloch
Christie's International Real Estate Sereno
Buyer's Agent
ShopProp Realty
ShopProp, Inc
List Price
$2,899,000
Sold Price
$2,500,000
Premium/Discount to List
-$399,000
-13.76%
Views
5
Current Estimated Value
$2,677,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,910
Avg. Annual Appreciation
7.12%
Original Mortgage
$2,500,000
Outstanding Balance
$2,473,468
Interest Rate
6.3%
Mortgage Type
New Conventional
Estimated Equity
$204,442

Purchase Details

Closed on
Jan 8, 2021
Sold by
Thomas Roberta Ann
Bought by
Thomas Roberta Ann and Thomas Roberta Ann

Purchase Details

Closed on
May 6, 2011
Sold by
Frey Robert and Frey Linda Lucille
Bought by
Frey Robert and Frey Linda Lucille

Purchase Details

Closed on
Mar 22, 2011
Sold by
Frey Linda Lucille and Thomas Roberta Ann
Bought by
Frey Linda Lucille and Thomas Roberta Ann

Purchase Details

Closed on
Nov 22, 2006
Sold by
Astorga Gutierrez Anita
Bought by
Astorga Anita
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
Bollineni Kondapanaidu -- Old Republic Title
Bollineni Kondapanaidu $2,500,000 Old Republic Title
Thomas Roberta Ann -- None Available
Frey Robert -- None Available
Frey Robert -- None Available
Frey Linda Lucille -- None Available
Astorga Anita -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bollineni Kondapanaidu $2,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2024 08/16/24 Sold $2,500,000 -13.8% $1,216 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/15/2024 05/15/24 For Sale $2,899,000 -- $1,410 / 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 $4,003 $2,500,000 $2,200,000 $300,000
2023 $3,784 $103,106 $43,184 $59,922
2022 $3,630 $101,086 $42,338 $58,748
2021 $3,380 $99,104 $41,508 $57,596
2020 $3,302 $98,086 $41,082 $57,004
2019 $3,232 $96,164 $40,276 $55,888
2018 $3,132 $94,278 $39,486 $54,792
2017 $3,052 $92,432 $38,714 $53,718
2016 $3,011 $90,618 $37,954 $52,664
2015 $2,799 $89,256 $37,384 $51,872
2014 $2,719 $87,508 $36,652 $50,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81964252

MLSListings

APN: 029-171-06-000