NOT LISTED FOR SALE

249 7th Ave Unit A Santa Cruz, CA 95062

Twin Lakes Neighborhood

Estimated Value: $1,746,000 - $2,725,246

7 Beds
5 Baths
3,036 Sq Ft
$754/Sq Ft Est. Value

Last Sold August 28, 2015

Last sale price $1,482,500 $488 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $14,449/month

24 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Grass Covered Lot
  • Mission Hill Middle School Rated A-
  • Level Lot
  • 3-minute walk to Arana Gulch

About This Home

As of August 2015

Steps to Twin Lakes Beach & Yacht Harbor. Two duplex buildings. One fronts 7th & one Assembly Way. The large 2 bdrm, 2 bath upper unit fronting Assembly is an ideal owner unit. The large 2 bdrm, 2 bath unit fronting 7th is converted into a 1 bdrm, 1 bath & a studio with bath. Long-term tenants. All units have right to 60 day notice to vacate. Rents are low. Probably generate $100,000 annually. Price to sell. Inspection after offer. Acknowledge existing physical, pest and seller disclosures on listing link.

Last Agent to Sell the Property

Thomas Tomaselli

David Lyng Real Estate License #00558657 Listed on: 06/22/2015

David Lyng Real Estate

Last Buyer's Agent

Shelley Lawrie

Lawrie & Lawrie Properties License #00801847

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,688

Year Built

  • 1973

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,036 Sq Ft Home
  • 2-Story Property
  • Carpet
  • Oven or Range

Parking

  • 4 Parking Spaces
  • No Garage
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $81,360

Community Details

Overview

  • 3,036 Sq Ft Building

Building Details

  • 5 Leased Units
  • Gardener Expense $840
  • Insurance Expense $2,200
  • Maintenance Expense $1,800
  • Manager Expense $8,136
  • Trash Expense $168
  • Operating Expense $23,319
  • Gross Income $81,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,688

Year Built

1973

Lot Details

0

Listing Details

  • Zoning: R-1-3.5
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 42
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3036
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: Appliances - Vary By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 3036
  • Stories: 2
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Bbq Area, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, No Garage, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4792.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4792.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 19.60
  • Number Of Leased: 5

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2200
  • Expense Landscape: 840
  • Expense Maintenance: 1800
  • Expense Management: 8136
  • Expenses Total: 23319
  • Expense Trash: 168
  • Income Annual Gross: 81360.00
  • Income Annual Rental: 81360
  • Income Gross Scheduled: 81360
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Nichole Garcia Separate Property Trust and Garcia Nichole
Bought by
Twin Harbor Llc
Current Estimated Value
$2,289,562

Purchase Details

Closed on
Dec 23, 2020
Sold by
Garcia Nichole
Bought by
Garcia Nichole and Garcia Nichole Separate

Purchase Details

Closed on
Nov 23, 2020
Sold by
Motamedi Kurt Kouros and Garcia Nichole
Bought by
Garcia Nichole

Purchase Details

Closed on
Dec 14, 2016
Sold by
Motamedi Kurt Kouros and Garcia Nichole
Bought by
Motamedi Kurt Kouros and Garcia Nichole

Purchase Details

Listed on
Jun 22, 2015
Closed on
Aug 19, 2015
Sold by
Talbott Anthony G
Bought by
Garcia Nichole
Seller's Agent
Thomas Tomaselli
David Lyng Real Estate
Buyer's Agent
Shelley Lawrie
Lawrie & Lawrie Properties
List Price
$1,595,000
Sold Price
$1,482,500
Premium/Discount to List
-$112,500
-7.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.45%
Original Mortgage
$1,037,750
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 1998
Sold by
Wood Charles H
Bought by
Talbott Anthony G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.17%

Purchase Details

Closed on
Jun 19, 1998
Sold by
Talbott Jennifer
Bought by
Talbott Anthony G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.17%
Source: Public Records

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
Twin Harbor Llc -- None Listed On Document
Garcia Nichole -- None Available
Garcia Nichole -- None Available
Motamedi Kurt Kouros -- None Available
Motamedi Kurt Kouros -- None Available
Garcia Nichole $1,482,500 First American Title Company
Talbott Anthony G $510,000 Santa Cruz Title
Talbott Anthony G -- Santa Cruz Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Nichole $1,037,750
Previous Owner Talbott Anthony G $700,000
Previous Owner Talbott Anthony G $538,300
Previous Owner Talbott Anthony G $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2015 08/28/15 Sold $1,482,500 -7.1% $488 / Sq Ft
07/16/2015 07/16/15 Pending -- -- --
06/22/2015 06/22/15 For Sale $1,595,000 -- $525 / 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 $23,688 $1,754,980 $1,163,081 $591,899
2023 $22,585 $1,686,832 $1,117,917 $568,915
2022 $22,011 $1,653,757 $1,095,997 $557,760
2021 $21,353 $1,621,330 $1,074,507 $546,823
2020 $21,079 $1,604,706 $1,063,490 $541,216
2019 $20,615 $1,573,241 $1,042,637 $530,604
2018 $20,200 $1,542,393 $1,022,193 $520,200
2017 $19,824 $1,512,150 $1,002,150 $510,000
2016 $19,360 $1,482,500 $982,500 $500,000
2015 $10,381 $677,587 $398,580 $279,007
2014 $10,175 $664,314 $390,772 $273,542
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Thomas Tomaselli

    David Lyng Real Estate

    Section Image
  • Shelley Lawrie

    Buyer's Agent in 2015

    Shelley Lawrie

    Lawrie & Lawrie Properties

    (831) 430-6161

    1 in this area

    7 Total Sales

    Section Image
  • Liliane Molda

    Buyer Co-Listing Agent in 2015

    Liliane Molda

    Lawrie & Lawrie Properties

    (831) 212-1991

    1 in this area

    7 Total Sales

    Section Image

  • J

    Buyer Co-Listing Agent in 2015

    Jeff Geer

    Coldwell Banker Realty

See All Agents

Map

Source: MLSListings

MLS Number: ML81471578

MLSListings

APN: 027-132-02-000

California Santa Cruz County Santa Cruz 95062 Twin Lakes

249 7th Ave Unit A, Santa Cruz, CA

This home is located at 249 7th Ave Unit A, Santa Cruz, CA 95062 since 22 June 2015 and is currently estimated at $2,289,562, approximately $754 per square foot. This property was built in 1973. 249 7th Ave Unit A is a home located in Santa Cruz County with nearby schools including Mission Hill Middle School, Harbor High School, and Santa Cruz High School.

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