NOT LISTED FOR SALE

307 Capitola Ave Capitola, CA 95010

Estimated Value: $2,140,000 - $2,673,000

4 Beds
4 Baths
1,680 Sq Ft
$1,450/Sq Ft Est. Value

Last Sold June 30, 2021

Last sale price $2,060,000 $1,226 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $14,306/month

53 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Built-In Barbecue
  • Main Street Elementary School Rated A-
  • Enclosed Patio or Porch
  • 1-minute walk to Barrys Park

About This Home

As of June 2021

Prime location in Capitola Village!! Just steps from Capitola Beach, shopping, and dining, this property has 4 separate units each with 1 bed,1 bathroom that are perfect for vacation rentals or long term stays. The two upstairs units each have an outdoor balcony with built-in bbq, while the two ground floor units have a covered, fenced in patio. All units have electric fireplaces and newer windows and blinds throughout. With a gated backyard there is plenty of space for bikes or surfboards, and the outdoor shower is perfect after spending a day on the sand. This is a rare investment opportunity in the desirable vacation rental district of Capitola that you will want to see!

Last Agent to Sell the Property

Lauren Furtado

Coldwell Banker Realty License #02099492 Listed on: 04/13/2021

Coldwell Banker Realty

Last Buyer's Agent

Lauren Furtado

Coldwell Banker Realty License #02099492 Listed on: 04/13/2021

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 1,220

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,680 Sq Ft Home
  • Ceiling Fan
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Gas Cooktop
  • Microwave
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Outdoor Features

  • Enclosed Patio or Porch
  • Built-In Barbecue

Additional Features

  • 1,220 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $116,000
  • Renewal Option

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $4,000
  • Manager Expense $8,000
  • Utility Expense $9,000
  • Operating Expense $40,000
  • Gross Income $116,000

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: CV
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1680
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: Built-In Bbq Grill, Cooktop - Electric, Cooktop - Gas, Countertop - Granite, Garbage Disposal, Microwave, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 1680
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Porch - Enclosed

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0280
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1220.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1220.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Lease(s), Month To Month, Renewal Option, Security Deposit
  • Gross Rent Multiplier: 21.54
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 4000
  • Expense Management: 8000
  • Expenses Total: 40000
  • Expenses Utility: 9000
  • Income Annual Gross: 116000.00
  • Income Annual Rental: 116000
  • Income Gross Scheduled: 116000
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Parking, Fee - Property Tax, Loan - Principle & Interest, Maintenance, Services - Gardener, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
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
Seller's Agent
Lauren Furtado
Coldwell Banker Realty
Buyer's Agent
Lauren Furtado
Coldwell Banker Realty
List Price
$2,499,000
Sold Price
$2,060,000
Premium/Discount to List
-$439,000
-17.57%
Current Estimated Value
$2,293,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,137
Avg. Annual Appreciation
3.79%

Purchase Details

Closed on
Sep 5, 2013
Sold by
The Brady Family Partnership Lp
Bought by
Furtado Richard E and Furtado Debra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
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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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
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
06/30/2021 06/30/21 Sold $2,060,000 -17.6% $1,226 / Sq Ft
06/06/2021 06/06/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $2,499,000 0.0% $1,488 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $2,499,000 -- $1,488 / 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 $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
2015 $16,510 $1,303,535 $773,145 $530,390
2014 $16,165 $1,278,000 $758,000 $520,000
Source: Public Records

Agents Affiliated with this Home

  • Lauren Furtado

    Seller's Agent in 2021

    Lauren Furtado

    Coldwell Banker Realty

    (408) 529-6464

    1 in this area

    3 Total Sales

    Lauren Furtado
    Section Image
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Map

Source: MLSListings

MLS Number: ML81838849

MLSListings

APN: 035-172-07-000

California Santa Cruz County Capitola 95010

307 Capitola Ave, Capitola, CA

Not Listed for Sale

MultiFamily

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