NOT LISTED FOR SALE

Estimated Value: $963,000 - $1,456,426

2 Beds
2 Baths
1,340 Sq Ft
$934/Sq Ft Est. Value

Last Sold September 13, 2017

Last sale price $825,000 $616 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $7,456/month

14 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Walk-In Closet
  • Westlake Elementary School Rated A-
  • Fireplace
  • Laundry Room

About This Home

As of September 2017

Sweet west side duplex loaded with character. Each unit is 1 bedroom/one bath. The larger (owners) unit has lots of old world charm with a cozy wood burning fireplace, full dining room, crown molding and hardwood floors. Fresh paint, new vinyl in the kitchen & bath and a full size washer & dryer. This property would be great for an owner occupant looking to offset payments with some rental income. Rents are low and are projected at $2,100 for the large unit and $1,800 for the smaller unit. Great location. Close to UCSC and walking distance to shopping, bus lines and downtown.

Last Agent to Sell the Property

Chris Mitchell

Mitchell Properties License #00861047 Listed on: 08/08/2017

Last Buyer's Agent

Chris Mitchell

Mitchell Properties License #00861047 Listed on: 08/08/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,489

Year Built

  • 1919

Lot Details

  • 5,793 Sq Ft Lot
  • Fenced
  • Level Lot
  • Sprinkler System
  • Back Yard

Parking

  • 1 Car Detached Garage
  • Varies By Unit
  • On-Street Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,340 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Gas Oven

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Floor Furnace
  • Wall Furnace
  • Heating System Uses Gas
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $39,500

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gross Income $39,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,489

Year Built

1919

Lot Details

0

Parking

1

Listing Details

  • Zoning: r15
  • Subclass: Duplex
  • Style: Vintage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1340
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1919

Interior Features

  • Kitchen: Hookups - Gas, Oven Range - Gas, Pantry, Refrigerator, Varies By Unit
  • Living Sq Ft: 1340
  • Stories: 1
  • Security: Varies By Unit
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced, Sprinklers - Lawn
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage, On Street, Varies By Unit

Utilities

  • Heating System: Fireplace, Floor Furnace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1330
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5793.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5793.00

Green Features

  • Energy Features: Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.70
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Gas Meters
  • Income Annual Gross: 39500.00
  • Income Annual Rental: 39500
  • Income Gross Scheduled: 39500
  • Income Includes: Owners Unit Rental, Rents
  • Meters: Master Electric, Master Water, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2017
Closed on
Sep 8, 2017
Sold by
Mitchell Ralph V and Estate Of Vera Louise Mitchell
Bought by
Yeh Shouliang and Chiang Youwen
Seller's Agent
Chris Mitchell
Mitchell Properties
Buyer's Agent
Chris Mitchell
Mitchell Properties
List Price
$817,500
Sold Price
$825,000
Premium/Discount to List
$7,500
0.92%
Current Estimated Value
$1,251,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,357
Avg. Annual Appreciation
5.26%
Source: Public Records

Range of Values:

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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
Yeh Shouliang $825,000 Stewart Title Of California
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/13/2017 09/13/17 Sold $825,000 +0.9% $616 / Sq Ft
08/23/2017 08/23/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $817,500 -- $610 / 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 $10,489 $938,709 $733,900 $204,809
2023 $10,439 $902,258 $705,402 $196,856
2022 $10,323 $884,566 $691,570 $192,996
2021 $10,111 $867,222 $678,010 $189,212
2020 $10,033 $858,330 $671,058 $187,272
2019 $9,817 $841,500 $657,900 $183,600
2018 $9,707 $825,000 $645,000 $180,000
2017 $1,051 $46,504 $21,031 $25,473
2016 $1,021 $45,593 $20,619 $24,974
2015 $845 $44,908 $20,309 $24,599
2014 $836 $44,028 $19,911 $24,117
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81673288

MLSListings

APN: 006-201-01-000