NOT LISTED FOR SALE

305 Mccormick Ave Unit A Capitola, CA 95010

Estimated Value: $1,421,000 - $2,548,000

4 Beds
2 Baths
2,050 Sq Ft
$851/Sq Ft Est. Value

Last Sold October 12, 2012

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

Est. 144% increase in value since last sale

Current estimated payment $10,206/month

15 Days on Market

Highlights

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

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

Est. Annual Taxes

  • $11,212

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
  • Gas Dryer Hookup

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • 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

Est. Annual Taxes

$11,212

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Age: 62
  • 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)

Schools

  • School District: Santa Cruz City Elementary

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
$1,701,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,004,595
Avg. Annual Appreciation
7.40%
Original Mortgage
$307,000
Outstanding Balance
$214,793
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,530,010

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:

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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 $175,188
Previous Owner Clark Ross P $177,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
2015 $8,945 $714,153 $427,262 $286,891
2014 $8,761 $700,164 $418,893 $281,271
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

This home is located at 305 Mccormick Ave Unit A, Capitola, CA 95010 since 20 August 2012 and is currently estimated at $1,744,803, approximately $851 per square foot. This property was built in 1950. 305 Mccormick Ave Unit A 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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