NOT LISTED FOR SALE

345 9th Ave Unit 1 Santa Cruz, CA 95062

Twin Lakes Neighborhood

Estimated Value: $1,450,000 - $1,674,000

5 Beds
2 Baths
1,650 Sq Ft
$936/Sq Ft Est. Value

Last Sold December 31, 2012

Last sale price $788,422 $478 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $9,314/month

90 Days on Market

Highlights

  • Deck
  • Neighborhood Views
  • Level Lot
  • Mission Hill Middle School Rated A-
  • Electric Vehicle Home Charger
  • 4-minute walk to Twin Lakes Park

About This Home

As of December 2012

Extremely desibable location! 2.5 blocks from Twin Lakes Beach and Schwan Lake. Many new and extensively remodeled homes in immediate neighborhood. Good history of Vacation Rental business nearby. Could cover mortgage payments with Vacation Rental income while living in the 3 bedroom unit upstairs. *Subject to obtaining a Vacation Rental use permit.*

Last Agent to Sell the Property

William Goodyear

Santa Cruz Homes License #00546792 Listed on: 08/23/2012

Last Buyer's Agent

Dave Dawson

Bailey Properties License #01491117

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,074

Year Built

  • 1965

Lot Details

  • 3,006

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Laundry in Garage

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Carport
  • Electric Vehicle Home Charger

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Sewer Within 50 Feet

Additional Features

  • Deck
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $46,000

Community Details

Overview

  • 1,650 Sq Ft Building

Building Details

  • Insurance Expense $1,100
  • Maintenance Expense $1,200
  • Trash Expense $280
  • Operating Expense $13,276
  • Gross Income $46,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,074

Year Built

1965

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 48
  • Sale Price Per Sq Ft: 477.83
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1650
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1650
  • Stories: 2
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned, In Garage
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Tar And Gravel
  • View: Local/Neighborhood
  • Yard/Grounds: Deck

Garage/Parking

  • Garage Parking Features: Common Parking Area, Spaces Per Unit - 1, Electric Car Hookup, Carport

Utilities

  • Heating System: Wall Furnace, Gas - Natural, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • School District: Santa Cruz City Elementary

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2613.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 2613.00
  • Lot Size Area Min Search: 2613.00
  • Maximum Lot Size: 2613.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 17.37

Multi Family

  • Expense Insurance: 1100
  • Expense Maintenance: 1200
  • Expenses Total: 13276
  • Expense Trash: 280
  • Income Annual Gross: 46000.00
  • Income Annual Rental: 46000
  • Income Gross Scheduled: 46000
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Maintenance - Repair
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2023
Sold by
Lawrence Rothe And Bonnie Clare Family T and Clare Bonnie
Bought by
Bonnie Clare Survivors Trust and Clare
Current Estimated Value
$1,543,709

Purchase Details

Listed on
Aug 23, 2012
Closed on
Dec 26, 2012
Sold by
Munson Steven J and Munson Ian J
Bought by
Rothe Lawrence and Clare Bonnie
Seller's Agent
William Goodyear
Santa Cruz Homes
Buyer's Agent
Dave Dawson
Bailey Properties
List Price
$799,000
Sold Price
$788,422
Premium/Discount to List
-$10,578
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.43%

Purchase Details

Closed on
Nov 28, 2005
Sold by
Johnson Robert W and Johnson Leona M
Bought by
Munson Steven J and Munson Ian J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.97%
Mortgage Type
Seller Take Back
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
Bonnie Clare Survivors Trust -- None Listed On Document
Rothe Lawrence $792,000 Stewart Title Of Ca Inc
Munson Steven J $850,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Munson Steven J $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2012 12/31/12 Sold $788,422 -1.3% $478 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
08/23/2012 08/23/12 For Sale $799,000 -- $484 / 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 $13,074 $970,859 $582,959 $387,900
2023 $12,471 $933,160 $560,322 $372,838
2022 $12,157 $914,862 $549,335 $365,527
2021 $11,754 $896,924 $538,564 $358,360
2020 $11,610 $887,726 $533,041 $354,685
2019 $11,357 $870,320 $522,589 $347,731
2018 $11,135 $853,255 $512,343 $340,912
2017 $10,926 $836,523 $502,296 $334,227
2016 $10,675 $820,121 $492,447 $327,674
2015 $10,462 $807,802 $485,050 $322,752
2014 $10,296 $791,979 $475,549 $316,430
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2012

    William Goodyear

    Santa Cruz Homes

  • Dave Dawson

    Buyer's Agent in 2012

    Dave Dawson

    Bailey Properties

    (831) 901-2856

    7 in this area

    74 Total Sales

    Dave Dawson
    Section Image
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Map

Source: MLSListings

MLS Number: ML81237472

MLSListings

APN: 027-111-28-000

California Santa Cruz County Santa Cruz 95062 Twin Lakes

345 9th Ave Unit 1, Santa Cruz, CA

This home is located at 345 9th Ave Unit 1, Santa Cruz, CA 95062 since 23 August 2012 and is currently estimated at $1,543,709, approximately $935 per square foot. This property was built in 1965. 345 9th Ave Unit 1 is a home located in Santa Cruz County with nearby schools including Mission Hill Middle School, Harbor High School, and Santa Cruz High School.

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