NOT LISTED FOR SALE

306 Mccormick Ave Unit 1 Capitola, CA 95010

Capitola Area

Estimated Value: $1,315,000 - $1,959,000

3 Beds
2 Baths
1,172 Sq Ft
$1,306/Sq Ft Est. Value

Sale Details

Date Sold: November 10, 2015

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

Est. 70% increase in value since last sale

Current estimated payment $9,198 / mo

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

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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Property Details

Home Type

  • Multi-Family

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

Year Built

1948

Lot Details

4,051 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 16, 2023
Sold by
Fong Leo and Fong Norma
Bought by
Current Estimated Value
$1,443,972

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
5.58%
Original Mortgage
$550,000
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

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

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Capitola, CA

  • Jalayne Forrester Real Estate Agent - KW Bay Area Estates

    Jalayne Forrester

    KW Bay Area Estates

    (669) 356-8887

    56 Total Sales

    1 in Capitola

    $1,025,000 Price

    Jalayne Forrester
     Section Image
  • Mahsa Manavi Real Estate Agent - Coldwell Banker Realty

    Mahsa Manavi

    Coldwell Banker Realty

    (669) 233-0738

    47 Total Sales

    1 in Capitola

    $1,625,000 Price

    Mahsa Manavi
     Section Image
  • Shawndy Linquist Real Estate Agent - Compass

    Shawndy Linquist

    Compass

    (831) 708-6387

    98 Total Sales

    7 in Capitola

    $555K - $1.9M Price Range

    Shawndy Linquist
     Section Image
  • Ronnette Pueliu Real Estate Agent - Keller Williams Tri-valley

    Ronnette Pueliu

    Keller Williams Tri-valley

    (925) 396-9178

    56 Total Sales

    1 in Capitola

    $649,000 Price

    Ronnette Pueliu
     Section Image
  • Maureen Kendall Real Estate Agent - David Lyng Real Estate

    Maureen Kendall

    David Lyng Real Estate

    (669) 333-3681

    33 Total Sales

    4 in Capitola

    $622K - $2.3M Price Range

    Maureen Kendall
     Section Image
  • Karen Ross Real Estate Agent - Re/max Crossroads

    Karen Ross

    Re/max Crossroads

    (925) 319-5994

    59 Total Sales

    1 in Capitola

    $1,925,000 Price

    Karen Ross
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,768 $1,026,353 $639,961 $386,392
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

  • MK

    Seller's Agent in 2015

    Michael Kaufman

    Intero Real Estate Services

    Section Image
  • Winnie Kepler Real Estate Agent - Coastal Properties Of California

    Buyer's Agent in 2015

    Winnie Kepler

    Coastal Properties Of California

    (831) 901-0007

    29 Total Sales

    Winnie Kepler
    Section Image
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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

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