NOT LISTED FOR SALE

305 Treasure Island Dr Aptos, CA 95003

Rio del Mar Neighborhood

Estimated Value: $789,000 - $1,378,000

7 Beds
3 Baths
1,720 Sq Ft
$686/Sq Ft Est. Value

Last Sold July 26, 2022

Last sale price $1,325,000 $770 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $7,976/month

49 Days on Market

Highlights

  • Private Lot
  • Wood Flooring
  • Fireplace
  • Aptos High School Rated A-
  • Cul-De-Sac
  • 5-minute walk to Rio del Mar State Beach

About This Home

As of July 2022

Triplex at the beach! This charming property at the end of a private cul de sac just blocks from Rio Del Mar beach is an investment that delivers both as a vacation home and an income property. The vacant owner's unit is perfect as a home base for a quick weekend getaway or even would be popular as a short term rental (or maybe you find the balance of both?). In addition, the two tenant occupied 2BR units bring in a combined $4200 every month. This unique triplex is deserving of a creative and resourceful landlord with the vision to bring it to true 'trophy building' status. All units separately metered, each with their own separate yard space, garage and parking. Prime location on a quiet street with friendly neighbors, minutes to the sand & local eateries plus easy access to Aptos Village and Hwy 1!

Last Agent to Sell the Property

Lucas Clot

Lucas Clot Real Estate License #DRE #01971078 Listed on: 06/06/2022

Last Buyer's Agent

Sandy Hockman

Vista Properties Inc License #01398985

Vista Properties Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1930

Lot Details

  • 6,447 Sq Ft Lot
  • Cul-De-Sac
  • Private Lot

Parking

  • 3 Car Attached Garage
  • Side by Side Parking
  • Guest Parking

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,720 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Laundry in unit

Flooring

  • Wood
  • Carpet
  • Tile

Utilities

  • Floor Furnace
  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 042-181-48-000

Community Details

Overview

  • 3 Units

Building Details

  • 2 Leased Units
  • 1 Vacant Unit

Property Details

Home Type

Multi-Family

Year Built

Built in 1930

Lot Details

6,447 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Subtype Description: Apartments
  • Property Condition: Original
  • Levels: Two
  • Stories: 2
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Varies By Unit, Wood
  • Laundry Features: In Each Unit
  • Price Per Square Foot: 770.35
  • Square Footage: 1720.00

Exterior Features

  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3.00
  • Parking Features: Attached, Garage, Guest Parking Available, Side-by-Side
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Fireplace(s), Floor Furnace, Varies By Unit, Wall Furnace

Lot Info

  • Assessor Parcel Number: 042-181-48-000
  • Lot Features: Cul-De-Sac, Private
  • Lot Size Acres: 0.1480
  • Lot Size Sq Ft: 6447.00
  • Lot Size Units: SqFt
  • Price Per Acre: 8952702.70
  • Topography: Coast
  • Zoning: R-1-3.5

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas
  • Units Furnished: All Units

Building Info

  • Number of Units Total: 3

Multi Family

  • Number Of Units Vacant: 1
  • Gross Rent Multiplier: 16.48
  • Number Of2 Bedrooms Occupied: 2
  • Number of 3 Bedroom Units: 1
  • Number Of Units Leased: 2
  • Separate Meters: Electricity, Gas

MLS Schools

  • School District County: Santa Cruz
  • Senior High School District: Pajaro Valley Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2024
Sold by
Campbell Devin
Bought by
Devin L Campbell 2024 Living Trust and Campbell
Current Estimated Value
$1,246,425

Purchase Details

Listed on
Jun 6, 2022
Closed on
Jul 18, 2022
Sold by
Randall And Laura Heinitz Revocable Trus
Bought by
Campbell Devin and Gemme Ginger-Lee
Seller's Agent
Lucas Clot
Lucas Clot Real Estate
Buyer's Agent
Sandy Hockman
Vista Properties Inc
List Price
$1,395,000
Sold Price
$1,325,000
Premium/Discount to List
-$70,000
-5.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.13%
Original Mortgage
$993,750
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 11, 2016
Sold by
Heinitz Randall J and Heinitz Laura
Bought by
Heinitz Randall J and Heinitz Laura

Purchase Details

Closed on
Sep 1, 2005
Sold by
Hannon Ami
Bought by
Hannon Milan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 2005
Sold by
Hannon Brian Erskine and The Hannon Family Trust
Bought by
Heinitz Randall J and Heinitz Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$458,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2001
Sold by
Hannon Denis
Bought by
Hannon Brian Erskine and Hannon Urmila

Purchase Details

Closed on
Jan 23, 2001
Sold by
Hannon Milan
Bought by
Hannon Brian Erskine and Hannon Urmila

Purchase Details

Closed on
Dec 8, 1997
Sold by
Hannon Terri and Hall Terri
Bought by
Hannon Brian Erskine and Hannon Urmila

Purchase Details

Closed on
Sep 16, 1994
Sold by
Hannon Ellen H and Marques Ellen
Bought by
Hannon Brian Erskine and Hannon Urmila

Purchase Details

Closed on
Aug 8, 1994
Sold by
Hannon Terri and Hall Terri
Bought by
Hannon Brian Erskine and Hannon Urmila
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Devin L Campbell 2024 Living Trust -- None Listed On Document
Ginger-Lee Gemme 2024 Living Trust -- None Listed On Document
Campbell Devin $1,325,000 Old Republic Title
Heinitz Randall J -- None Available
Hannon Milan -- First American Title Co
Heinitz Randall J $658,000 First American Title Co
Hannon Brian Erskine $10,000 --
Hannon Brian Erskine $10,000 --
Hannon Brian Erskine -- --
Hannon Brian Erskine $4,000 --
Hannon Brian Erskine $1,500 --
Hannon Brian Erskine $6,500 --
Hannon Brian Erksine $3,000 --
Hannon Brian Erskine $4,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Campbell Devin $993,750
Previous Owner Heinitz Randall J $458,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2022 07/26/22 Sold $1,325,000 -5.0% $770 / Sq Ft
06/06/2022 06/06/22 For Sale $1,395,000 -- $811 / Sq Ft
Source: San Francisco Association of REALTORS®

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 $17,891 $1,378,530 $1,128,834 $249,696
2023 $17,480 $1,325,000 $1,085,000 $240,000
2022 $12,172 $847,351 $611,689 $235,662
2021 $11,769 $830,736 $599,695 $231,041
2020 $11,541 $822,218 $593,546 $228,672
2019 $11,330 $806,096 $581,908 $224,188
2018 $10,999 $790,290 $570,498 $219,792
2017 $10,869 $774,794 $559,312 $215,482
2016 $10,559 $759,602 $548,345 $211,257
Source: Public Records

Agents Affiliated with this Home

  • Lucas Clot

    Seller's Agent in 2022

    Lucas Clot

    Lucas Clot Real Estate

    (415) 401-9915

    1 in this area

    14 Total Sales

    Lucas Clot
    Section Image
  • Sandy Hockman

    Buyer's Agent in 2022

    Sandy Hockman

    Vista Properties Inc

    (831) 588-5458

    2 in this area

    55 Total Sales

    Sandy Hockman
    Section Image
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Map

Source: San Francisco Association of REALTORS®

MLS Number: 422666784

San Francisco Association of REALTORS®

APN: 042-181-48-000

California Santa Cruz County Aptos 95003 Rio del Mar

305 Treasure Island Dr, Aptos, CA

Not Listed for Sale

MultiFamily

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