NOT LISTED FOR SALE

305 Mccormick Ave Unit A Capitola, CA 95010

Estimated Value: $1,435,279 - $1,844,000

4 Beds
2 Baths
2,050 Sq Ft
$775/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $697,000 $340 Per Sq Ft

Est. 128% increase in value since last sale

Current estimated payment $9,242/month

15 Days on Market

Highlights

  • Deck
  • Neighborhood Views
  • Level Lot
  • Main Street Elementary School Rated A-
  • Tile Flooring
  • 1-minute walk to Noble Gulch Park

About This Home

As of October 2012

WALK TO CAPITOLA VILLAGE AND BEACH. BEAUTIFUL VIEW FROM UPSTAIRS APARTMENT. BOTH UNITS 2 BEDROOMS, 1 BATH.

Last Agent to Sell the Property

Kathy Runyon

Monterey Bay Properties License #00591702 Listed on: 08/20/2012

Monterey Bay Properties

Last Buyer's Agent

Jane Mott

David Lyng Real Estate License #01504972

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 3,267

Parking

  • Carport

Home Design

  • Duplex
  • Ceiling Insulation
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 2,050 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $40,320
  • The owner pays for garbage, water

Community Details

Overview

  • 2,050 Sq Ft Building

Building Details

  • Insurance Expense $1,354
  • Operating Expense $5,480
  • Gross Income $40,320

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 340.00
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 2050
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Dishwasher, Varies By Unit, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 2050
  • Stories: 2
  • Laundry: 220 Volt Outlet, Gas Hookup, Laundry Area - In All Units
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Spaces Per Unit - 1, Carport

Utilities

  • Heating System: Wall Furnace, Gas - Natural
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Private

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3049.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 3049.00
  • Lot Size Area Min Search: 3049.00
  • Maximum Lot Size: 3049.00

Green Features

  • Energy Features: Low Flow Toilet, Ceiling Insulation, Insulation - Per Owner, Walls Insulated

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.24

Multi Family

  • Expense Insurance: 1354
  • Expenses Total: 5480
  • Expense Water Sewer: 1189
  • Income Annual Gross: 40320.00
  • Income Annual Rental: 40320
  • Income Gross Scheduled: 40320
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water, Insurance
  • Owner Pays: Garbage, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2012
Closed on
Oct 10, 2012
Sold by
Clark Ross P and Clark Lynette P
Bought by
Holland Jerremy and Durante Anna Lisa
Seller's Agent
Kathy Runyon
Monterey Bay Properties
Buyer's Agent
Jane Mott
David Lyng Real Estate
List Price
$695,000
Sold Price
$697,000
Premium/Discount to List
$2,000
0.29%
Current Estimated Value
$1,588,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$891,820
Avg. Annual Appreciation
6.42%
Original Mortgage
$307,000
Outstanding Balance
$213,287
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,375,533

Purchase Details

Closed on
Feb 18, 1998
Sold by
Clark Ross P and Clark Lynette P
Bought by
Clark Ross P and Clark Lynette P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.9%

Purchase Details

Closed on
Feb 17, 1998
Sold by
Clark Ross P and Clark Lynette P
Bought by
Clark Ross P and Clark Lynette P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,000
Interest Rate
6.9%

Purchase Details

Closed on
Feb 8, 1995
Sold by
Clark Ross P and Clark Lynette P
Bought by
Clark Ross P and Clark Lynette P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holland Jerremy $697,000 Old Republic Title Company
Clark Ross P -- --
Clark Ross P -- First American Title Co
Clark Ross P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holland Jerremy $307,000
Previous Owner Clark Ross P $177,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2012 10/12/12 Sold $697,000 +0.3% $340 / Sq Ft
09/04/2012 09/04/12 Pending -- -- --
08/20/2012 08/20/12 For Sale $695,000 -- $339 / 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 $11,212 $858,306 $513,506 $344,800
2023 $10,930 $824,977 $493,566 $331,411
2022 $10,767 $808,801 $483,888 $324,913
2021 $10,486 $792,942 $474,400 $318,542
2020 $10,351 $784,812 $469,536 $315,276
2019 $10,108 $769,423 $460,329 $309,094
2018 $9,920 $754,336 $451,303 $303,033
2017 $9,770 $739,545 $442,454 $297,091
2016 $9,225 $725,044 $433,778 $291,266
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2012

    Kathy Runyon

    Monterey Bay Properties

    Section Image

  • J

    Buyer's Agent in 2012

    Jane Mott

    David Lyng Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81231151

MLSListings

APN: 036-091-03-000

California Santa Cruz County Capitola 95010

305 Mccormick Ave Unit A, Capitola, CA

Not Listed for Sale

MultiFamily

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