NOT LISTED FOR SALE

303 Fanmar Way Capitola, CA 95010

Estimated Value: $2,470,000 - $3,532,754

4 Beds
5 Baths
2,432 Sq Ft
$1,283/Sq Ft Est. Value

Last Sold September 01, 2017

Last sale price $2,300,000 $946 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $19,199/month

14 Days on Market

Highlights

  • Ocean View
  • Mediterranean Architecture
  • Forced Air Heating System
  • Main Street Elementary School Rated A-
  • 3 Car Attached Garage
  • 3-minute walk to Barrys Park

About This Home

As of September 2017

Indigo Beach Properties proudly presents this once in a generational opportunity to own a premier Capitola Village multi-unit ocean view property. This unique property consists of 4 separate units that cascade down the hill from Fanmar Way to Cherry Ave. The top property accessed off Fanmar Way boasts a lovely 2 bedroom 1.5 bath, open floor plan with fabulous views of the ocean, wharf and village. The unit below features a fantastic updated 1 bedroom apartment with ocean views and a sunny private porch. The next unit below is of similar floorplan to the middle apartment and has a garage below. Next to the lower 1 bedroom apartment is a studio with a separate entrance above the 3rd garage. There are numerous possibilities, live in one unit and enjoy income from the other 3 units or create a fabulous family compound! All of this is just a quick walk to Capitola Beach, shops, restaurants and all the Village has to offer!

Last Agent to Sell the Property

Neal Woods, III

Indigo Beach Properties, Inc. License #01135897 Listed on: 07/05/2017

Last Buyer's Agent

Richard Keith

Richard Keith & Co Inc License #00542942

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $31,905

Year Built

  • 1946

Lot Details

  • 3,659

Parking

  • 3 Car Attached Garage

Property Views

  • Ocean
  • Downtown

Home Design

  • 2,432 Sq Ft Home
  • Quadruplex
  • Mediterranean Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Wall Furnace

Additional Features

  • Gas Oven
  • Washer and Dryer
  • 3,659 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $35,905

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,500
  • Insurance Expense $3,000
  • Maintenance Expense $4,415
  • Utility Expense $3,441
  • Trash Expense $535
  • Operating Expense $21,952
  • Gross Income $35,546

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$31,905

Year Built

1946

Lot Details

0

Parking

3

Listing Details

  • Zoning: Multi Res
  • Subclass: Fourplex
  • Style: Mediterranean
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2432
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2432
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: City, Downtown, Ocean
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.0840
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3659.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3659.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 62.67
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 1500
  • Expense Maintenance: 4415
  • Expenses Total: 21952
  • Expenses Utility: 3441
  • Expense Trash: 535
  • Income Annual Gross: 35546.00
  • Income Annual Rental: 35905
  • Income Gross Scheduled: 35905
  • Income Includes: Rents
  • Meters: Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2020
Sold by
Boothroyd Bert T and Boothroyd Karen E
Bought by
Boothroyd Real Estate Investment Co Llc
Current Estimated Value
$3,119,585

Purchase Details

Closed on
Dec 13, 2017
Sold by
Boothroyd Bert T and Boothroyd Karen E
Bought by
Boothroyd Bert T and Boothroyd Karen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 5, 2017
Closed on
Oct 13, 2017
Sold by
Aec Eat Llc
Bought by
Boothroyd Bert T and Boothroyd Karen E
Seller's Agent
Neal Woods, III
Indigo Beach Properties, Inc.
Buyer's Agent
Richard Keith
Richard Keith & Co Inc
List Price
$2,250,000
Sold Price
$2,300,000
Premium/Discount to List
$50,000
2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%

Purchase Details

Listed on
Jul 5, 2017
Closed on
Aug 9, 2017
Sold by
Wollesen Debra and The Patricia Darrough Trust
Bought by
Aec Eat Llc
Seller's Agent
Neal Woods, III
Indigo Beach Properties, Inc.
Buyer's Agent
Richard Keith
Richard Keith & Co Inc
List Price
$2,250,000
Sold Price
$2,300,000
Premium/Discount to List
$50,000
2.22%

Purchase Details

Closed on
Oct 9, 2013
Sold by
Darrough Patricia Ann
Bought by
Darrough Patricia Ann and The Patricia Darrough Trust

Purchase Details

Closed on
Nov 17, 1999
Sold by
Darrough John H and Darrough Patricia A
Bought by
Darrough John and Darrough Patricia
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
Boothroyd Real Estate Investment Co Llc -- None Available
Knight Lynde B -- None Available
Knight Lynde B -- None Available
Knight Lynde B -- None Available
Boothroyd Bert T -- None Available
Boothroyd Bert T -- Accommodation
Boothroyd Bert T -- Er Old Republic Title Compan
Boothroyd Bert T $2,300,000 First American Title Company
Aec Eat Llc $2,300,000 First American Title Company
Darrough Patricia Ann -- None Available
Darrough Patricia Ann -- None Available
Darrough John -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Boothroyd Bert T $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2017 09/01/17 Sold $2,300,000 +2.2% $946 / Sq Ft
07/20/2017 07/20/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $2,250,000 -- $925 / 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 $31,905 $2,929,446 $2,365,708 $563,738
2023 $31,174 $2,515,386 $1,946,690 $568,696
2022 $30,782 $2,466,065 $1,908,520 $557,545
2021 $30,028 $2,417,711 $1,871,098 $546,613
2020 $29,683 $2,392,920 $1,851,912 $541,008
2019 $28,980 $2,346,000 $1,815,600 $530,400
2018 $28,484 $2,300,000 $1,780,000 $520,000
2017 $9,568 $601,014 $391,855 $209,159
2016 $9,061 $589,230 $384,172 $205,058
2015 $8,663 $580,379 $378,401 $201,978
2014 $8,445 $569,011 $370,989 $198,022
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Neal Woods, III

    Indigo Beach Properties, Inc.

    Section Image

  • R

    Buyer's Agent in 2017

    Richard Keith

    Richard Keith & Co Inc

See All Agents

Map

Source: MLSListings

MLS Number: ML81668495

MLSListings

APN: 035-161-15-000

California Santa Cruz County Capitola 95010

303 Fanmar Way, Capitola, CA

This home is located at 303 Fanmar Way, Capitola, CA 95010 since 05 July 2017 and is currently estimated at $3,119,585, approximately $1,282 per square foot. This property was built in 1946. 303 Fanmar Way is a home located in Santa Cruz County with nearby schools including Main Street Elementary School, New Brighton Middle School, and Mission Hill Middle School.

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