NOT LISTED FOR SALE

2706 Lafayette St Soquel, CA 95073

Estimated Value: $1,244,000 - $1,765,000

4 Beds
3 Baths
2,076 Sq Ft
$770/Sq Ft Est. Value

Last Sold March 23, 2016

Last sale price $950,000 $458 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $9,674/month

Highlights

  • Ranch Style House
  • Wood Flooring
  • Fireplace
  • Mission Hill Middle School Rated A-
  • Balcony
  • Tile Countertops

About This Home

As of March 2016

Great Duplex with hardwood floors, fireplaces and separation of units by garage.

Last Agent to Sell the Property

Robert Deacon

Monterey Bay Properties License #00578842 Listed on: 03/23/2016

Monterey Bay Properties

Last Buyer's Agent

Robert Deacon

Monterey Bay Properties License #00578842 Listed on: 03/23/2016

Monterey Bay Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,393

Year Built

  • 1963

Lot Details

  • 8,102 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Ranch Style House
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,076 Sq Ft Home
  • Fireplace
  • Storage Room

Kitchen

  • Built-In Oven
  • Electric Oven
  • Electric Cooktop
  • Tile Countertops
  • Formica Countertops

Flooring

  • Wood
  • Laminate
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $49,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Manager Expense $4,000
  • Utility Expense $1,500
  • Trash Expense $236
  • Operating Expense $19,236
  • Gross Income $48,216

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,393

Year Built

1963

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1-6
  • Subclass: Duplex
  • Style: Ranch
  • Age: 53
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2076
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Countertop - Tile, Oven - Built-In, Oven Range - Built-In, Oven Range - Electric
  • Living Sq Ft: 2076
  • Flooring: Hardwood, Laminate, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 3
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

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

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1860
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8102.16
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8102.16

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Maintenance: 2000
  • Expense Management: 4000
  • Expenses Total: 19236
  • Expenses Utility: 1500
  • Expense Trash: 236
  • Income Annual Gross: 48216.00
  • Income Annual Rental: 49200
  • Income Gross Scheduled: 49200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Gas, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2016
Closed on
Mar 14, 2016
Sold by
Deacon Robert Thomas and Deacon Diane Camille
Bought by
Braun James Harrison and Braun Sarah Sun
Seller's Agent
Robert Deacon
Monterey Bay Properties
Buyer's Agent
Robert Deacon
Monterey Bay Properties
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,598,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$648,521
Avg. Annual Appreciation
5.61%
Original Mortgage
$760,000
Outstanding Balance
$601,536
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$996,985

Purchase Details

Closed on
Apr 23, 2014
Sold by
Fitzpatrick Richard Todd and Fitzpatrick Kathleen T
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
$455,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 22, 2014
Sold by
Deacon Robert and Deacon Diane
Bought by
Dea Robert Thomas Deacon and Dea Diane Camille

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2009
Sold by
Deacon Robert Thomas and Deacon Diane Camille
Bought by
Fitzpatrick Richard Todd and Fitzpatrick Kathleen T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,500
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2009
Sold by
Fitzpatrick Kathleen T
Bought by
Fitzpatrick Richard Todd

Purchase Details

Closed on
Sep 24, 2009
Sold by
Josselyn David G
Bought by
Deacon Robert Thomas and Deacon Diane Camille

Purchase Details

Closed on
Sep 14, 2006
Sold by
Josselyn David G and Josselyn Catherine Dawn
Bought by
Josselyn David G and Josselyn Catherine Dawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2005
Sold by
Josselyn David G
Bought by
Josselyn David G and Perry Catherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2004
Sold by
Xchange Solutions Inc
Bought by
Josselyn David G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,750
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2004
Sold by
Kunsman Gary
Bought by
Xchange Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,750
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 18, 1997
Sold by
Brandi Guido R and Brandi Eda M
Bought by
Kunsman Gary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,500
Interest Rate
7.37%
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
Braun James Harrison $950,000 Old Republic Title Company
Deacon Robert $650,000 First American Title Company
Dea Robert Thomas Deacon -- First American Title Company
Fitzpatrick Richard Todd $321,000 Old Republic Title Company
Fitzpatrick Richard Todd -- Old Republic Title Company
Deacon Robert Thomas $642,000 Old Republic Title Company
Josselyn David G -- Accommodation
Josselyn David G -- --
Josselyn David G $822,500 --
Xchange Solutions Inc -- --
Kunsman Gary $335,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Braun James Harrison $760,000
Previous Owner Deacon Robert $455,000
Previous Owner Fitzpatrick Richard Todd $481,500
Previous Owner Josselyn David G $630,000
Previous Owner Josselyn David G $225,000
Previous Owner Josselyn David G $575,750
Previous Owner Kunsman Gary $301,500
Closed Josselyn David G $164,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/23/2016 03/23/16 Sold $950,000 0.0% $458 / Sq Ft
03/23/2016 03/23/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $950,000 -- $458 / 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 $14,393 $1,124,608 $710,279 $414,329
2023 $14,047 $1,080,938 $682,698 $398,240
2022 $13,850 $1,059,743 $669,311 $390,432
2021 $13,402 $1,038,964 $656,188 $382,776
2020 $13,245 $1,028,310 $649,459 $378,851
2019 $12,937 $1,008,148 $636,725 $371,423
2018 $12,714 $988,380 $624,240 $364,140
2017 $12,531 $969,000 $612,000 $357,000
2016 $8,874 $673,097 $403,858 $269,239
2015 $8,600 $662,987 $397,792 $265,195
2014 $8,706 $676,022 $439,098 $236,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81576764

MLSListings

APN: 030-232-12-000