NOT LISTED FOR SALE

307 Capitola Ave Unit 1 Capitola, CA 95010

Estimated Value: $2,130,000 - $2,391,361

4 Beds
4 Baths
1,680 Sq Ft
$1,319/Sq Ft Est. Value

Last Sold September 10, 2013

Last sale price $1,278,000 $761 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $14,082/month

32 Days on Market

Highlights

  • City Lights View
  • Wood Flooring
  • Fireplace
  • Main Street Elementary School Rated A-
  • Balcony
  • 1-minute walk to Barrys Park

About This Home

As of September 2013

SUPERB CAPITOLA 4-PLEX OFFERING LUXURIOUS QUALITY AND DESIGNER FURNISHINGS THRUOUT. PROPERTY IS LOCATED IN THE HEART OF CAPITOLA VILLAGE JUST 1-1/2 BLOCKS FROM THE OCEAN, RIVER & ESPLANADE. STEPS FROM GREAT DINING & SHOPPING. UNITS CAN SLEEP UP TO 4 & FEATURE INTIMATE DECKS/PATIOS, 1-PARKING PERMIT PER UNIT,COMMON LAUNDRY & OUTSIDE SHOWER.PROPERTY IS CURRENTLY RUN AS A FURNISHED SHORT TERM RENTAL

Last Agent to Sell the Property

Robert Deacon

Monterey Bay Properties License #00578842 Listed on: 06/20/2013

Monterey Bay Properties

Last Buyer's Agent

Gail Mayo

Thunderbird Real Estate License #01180055

Thunderbird Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • Level Lot
  • Zero Lot Line

Parking

  • On-Street Parking

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 1,680 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Disposal

Flooring

  • Wood
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Baseboard Heating
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $93,055
  • The owner pays for cable TV, electric, garbage, services - gardener/landscaping, gas, heating, hot water

Community Details

Overview

  • 1,680 Sq Ft Building

Amenities

  • Building Patio
  • Community Barbecue Grill
  • Laundry Facilities

Building Details

  • Gardener Expense $320
  • Insurance Expense $2,525
  • Maintenance Expense $1,511
  • Other Expense $1,539
  • Utility Expense $2,639
  • Trash Expense $454
  • Operating Expense $28,927
  • Gross Income $87,472

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: NA
  • Subclass: Fourplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 760.71
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 1680
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Garbage Disposal, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 1680
  • Stories: 2
  • Security: Security Alarm
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned, Community Facility
  • Flooring: Tile, Hardwood

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood, City Lights
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Street

Utilities

  • Heating System: Baseboard, Fireplace, Electric
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Common, Bbq Area

Lot Info

  • Lot Description: Grade - Level, Zero Lot Line
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1220.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 1220.00
  • Lot Size Area Min Search: 1220.00
  • Maximum Lot Size: 1220.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.92

Multi Family

  • Expense Insurance: 2525
  • Expense Landscape: 320
  • Expense Maintenance: 1511
  • Expenses Other: 1539
  • Expenses Total: 28927
  • Expenses Utility: 2639
  • Expense Trash: 454
  • Expense Water Sewer: 658
  • Income Annual Gross: 87472.00
  • Income Annual Rental: 93055
  • Income Gross Scheduled: 93055
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Master Electric, Master Gas
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Cable Tv, Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Heat, Utilities - Hot Water
  • Owner Pays: Cable Tv, Electric, Garbage, Services - Gardener/Landscaping, Gas, Heating, Hot Water
  • Vacancy Amount: 5583
  • Vacancy Factor: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 2022
Sold by
Nicholson Mark R and Nicholson Nancy R
Bought by
J & T Nicholson Sons Llc
Current Estimated Value
$2,215,090

Purchase Details

Closed on
Jun 27, 2021
Sold by
Furtado 1998 Revocable Trust and Furtado Richard E
Bought by
Mark R Nicholson And Nancy J Nicholson Revoca and Nicholson

Purchase Details

Listed on
Jun 20, 2013
Closed on
Sep 5, 2013
Sold by
The Brady Family Partnership Lp
Bought by
Furtado Richard E and Furtado Debra L
Seller's Agent
Robert Deacon
Monterey Bay Properties
Buyer's Agent
Gail Mayo
Thunderbird Real Estate
List Price
$1,295,000
Sold Price
$1,278,000
Premium/Discount to List
-$17,000
-1.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.54%
Original Mortgage
$766,800
Interest Rate
4.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2006
Sold by
English Don B
Bought by
The Brady Family Partnership Lp

Purchase Details

Closed on
Dec 13, 2004
Sold by
Thomas Mark W and Thomas Meghan
Bought by
English Don B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$864,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 24, 2003
Sold by
Sanchez J Xavier
Bought by
Thomas Mark W and Thomas Meghan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,250
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
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
J & T Nicholson Sons Llc -- Old Republic Title
Mark R Nicholson And Nancy J Nicholson Revoca $2,060,000 Old Republic Title
Furtado Richard E $1,278,000 Old Republic Title Company
The Brady Family Partnership Lp -- None Available
English Don B $1,080,000 --
Thomas Mark W $985,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Furtado Richard E $766,800
Previous Owner English Don B $864,000
Previous Owner Thomas Mark W $640,250
Closed Thomas Mark W $147,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2013 09/10/13 Sold $1,278,000 -1.3% $761 / Sq Ft
07/22/2013 07/22/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $1,295,000 -- $771 / Sq Ft
Source: MLSListings

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 $27,919 $2,229,810 $1,688,594 $541,216
2023 $27,121 $2,143,224 $1,623,024 $520,200
2022 $26,758 $2,101,200 $1,591,200 $510,000
2021 $19,335 $1,447,345 $858,441 $588,904
2020 $19,079 $1,432,505 $849,639 $582,866
2019 $18,627 $1,404,417 $832,980 $571,437
2018 $18,272 $1,376,880 $816,647 $560,233
2017 $17,990 $1,349,882 $800,634 $549,248
2016 $16,986 $1,323,413 $784,935 $538,478
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Robert Deacon

    Monterey Bay Properties

    Section Image

  • G

    Buyer's Agent in 2013

    Gail Mayo

    Thunderbird Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81322010

MLSListings

APN: 035-172-07-000

California Santa Cruz County Capitola 95010

307 Capitola Ave Unit 1, Capitola, CA

Not Listed for Sale

MultiFamily

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