NOT LISTED FOR SALE

309 Lakeview Rd Watsonville, CA 95076

Estimated Value: $792,000 - $947,000

4 Beds
2 Baths
1,283 Sq Ft
$670/Sq Ft Est. Value

Sale Details

Date Sold: June 29, 2022

Last sale price $916,666 $714 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $5,505 / mo

About This Home

As of June 2022

Great Investment Opportunity! Long Term Tenants, paying close to Market Rate Rents! Each unit is 2bedroom 1bath with their own yards.

Last Agent to Sell the Property

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607 Listed on: 05/16/2022

Last Buyer's Agent

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607 Listed on: 05/16/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 7,013

Parking

  • 2 Car Garage
  • 2 Carport Spaces

Home Design

  • 1,283 Sq Ft Home
  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Additional Features

  • 7,013 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $57,408

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Utility Expense $1,000
  • Operating Expense $13,812
  • Gross Income $57,408

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

7,013 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-1-6
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1283
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Living Sq Ft: 1283

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Carport
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1610
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7013.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7013.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.18
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expenses Total: 13812
  • Expenses Utility: 1000
  • Income Annual Gross: 57408.00
  • Income Annual Rental: 57408
  • Income Gross Scheduled: 57408
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2022
Sold by
Garcia-Mejia Living Trust
Bought by
Garcia-Mejia Living Trust
Current Estimated Value
$860,239

Purchase Details

Listed on
May 16, 2022
Closed on
Jun 28, 2022
Sold by
Allen Souza Todd and Allen Kelly
Bought by
Garcia-Mejia Living Trust
Seller's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
Buyer's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
List Price
$929,000
Sold Price
$916,666
Premium/Discount to List
-$12,334
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.67%

Purchase Details

Closed on
Apr 7, 2008
Sold by
Williamson Franklin A and Hagerty Charles P
Bought by
Souza Todd Allen and Souza Kelly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$249,975
Interest Rate
6.22%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Aug 29, 2001
Sold by
Hall Rita L and The Hall Living Trust
Bought by
Hagerty Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.91%
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
Garcia-Mejia Living Trust -- First American Title
Garcia-Mejia Living Trust $2,750,000 First American Title
Souza Todd Allen -- Financial Title Company
Hagerty Charles $225,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Souza Todd Allen $249,975
Previous Owner Hagerty Charles $191,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/29/2022 06/29/22 Sold $916,666 -1.3% $714 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/16/2022 05/16/22 For Sale $929,000 -- $724 / 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 $10,468 $780,598 $473,934 $306,664
2023 $10,300 $750,286 $455,530 $294,756
2022 $10,112 $735,574 $446,598 $288,976
2021 $9,826 $721,150 $437,840 $283,310
2020 $8,283 $582,300 $353,541 $228,759
2019 $7,310 $494,418 $300,183 $194,235
2018 $6,882 $462,073 $280,545 $181,528
2017 $6,615 $435,918 $264,665 $171,253
2016 $6,108 $392,719 $238,437 $154,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81891980

MLSListings

APN: 051-311-05-000

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