NOT LISTED FOR SALE

306 Mccormick Ave Unit 1 Capitola, CA 95010

Estimated Value: $1,319,162 - $1,601,000

3 Beds
2 Baths
1,172 Sq Ft
$1,237/Sq Ft Est. Value

Last Sold November 10, 2015

Last sale price $850,000 $725 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $8,738/month

18 Days on Market

Highlights

  • Tankless Water Heater
  • Bungalow
  • 1-minute walk to Noble Gulch Park
  • Main Street Elementary School Rated A-

About This Home

As of November 2015

Charming Carmel Cottage Style Duplex steps from Capitola Village. Main unit is 2/1, updated kitchen and bath, wide plank wood floors reclaimed/restored from 200 year old barn in gold country. Bath w/ deep soaking jacuzzi with overhead shower, living area w/bay window viewing private yard. Second unit is 1/1, updated kitchen and bath, with private brick patio and yard. New paint, landscaping, fencing..and outdoor shower! Vacation home w/rental income, or live in one / offset mortgage w/ 2nd unit income.

Last Agent to Sell the Property

Michael Kaufman

Intero Real Estate Services License #00861006 Listed on: 09/15/2015

Intero Real Estate Services

Last Buyer's Agent

Winnie Kepler

Coastal Properties Of California License #00679131

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,765

Year Built

  • 1948

Lot Details

  • 4,051 Sq Ft Lot

Home Design

  • 1,172 Sq Ft Home
  • Duplex
  • Bungalow
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 2 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Tankless Water Heater

Listing and Financial Details

  • Total Actual Rent $48,000

Community Details

Overview

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Manager Expense $2,000
  • Trash Expense $1,200
  • Operating Expense $17,618
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,765

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: MFD
  • Subclass: Duplex
  • Style: Bungalow
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1172
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1172

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: No Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0930
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4051.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4051.00

Green Features

  • Energy Features: Tankless Water Heater

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.90

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1500
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expense Management: 2000
  • Expenses Total: 17618
  • Expense Trash: 1200
  • Income Annual Gross: 48000.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 48000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2023
Sold by
Fong Leo and Fong Norma
Bought by
Fong Leo
Current Estimated Value
$1,450,291

Purchase Details

Listed on
Sep 15, 2015
Closed on
Nov 9, 2015
Sold by
Farr Corey and Charlotte Farr Revocable Trust
Bought by
Fong Leo and Curiel Norma D
Seller's Agent
Michael Kaufman
Intero Real Estate Services
Buyer's Agent
Winnie Kepler
Coastal Properties Of California
List Price
$869,000
Sold Price
$850,000
Premium/Discount to List
-$19,000
-2.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$550,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 2003
Sold by
Farr Charlotte
Bought by
Farr Charlotte and Charlotte Farr Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1997
Sold by
Reding James J and Reding James J & Barbara Grace 1981 Trus
Bought by
Farr Charlotte E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Fong Leo -- None Listed On Document
Fong Leo $850,000 Chicago Title Insurance Co
Farr Charlotte -- --
Farr Charlotte -- Santa Cruz Title Company
Farr Charlotte E $235,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fong Leo $550,000
Previous Owner Farr Charlotte $191,500
Previous Owner Farr Charlotte E $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2015 11/10/15 Sold $850,000 -2.2% $725 / Sq Ft
10/04/2015 10/04/15 Pending -- -- --
09/15/2015 09/15/15 For Sale $869,000 -- $741 / 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 $13,765 $1,006,228 $627,413 $378,815
2023 $13,393 $967,155 $603,050 $364,105
2022 $13,170 $948,191 $591,225 $356,966
2021 $12,807 $929,599 $579,632 $349,967
2020 $12,629 $920,067 $573,689 $346,378
2019 $12,331 $902,027 $562,440 $339,587
2018 $12,088 $884,340 $551,412 $332,928
2017 $11,894 $867,000 $540,600 $326,400
2016 $5,550 $317,544 $215,818 $101,726
2015 $5,246 $312,774 $212,576 $100,198
2014 $5,105 $306,647 $208,412 $98,235
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Michael Kaufman

    Intero Real Estate Services

    Section Image
  • Winnie Kepler

    Buyer's Agent in 2015

    Winnie Kepler

    Coastal Properties Of California

    (831) 901-0007

    6 in this area

    34 Total Sales

    Winnie Kepler
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81514597

MLSListings

APN: 036-094-23-000

California Santa Cruz County Capitola 95010

306 Mccormick Ave Unit 1, Capitola, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes