NOT LISTED FOR SALE

385 Sea Ridge Rd Aptos, CA 95003

Seacliff Area
9 Beds
5 Baths
4,279 Sq Ft
7,754 Sq Ft Lot

Sale Details

Date Sold: May 1, 2018

Last sale price $1,775,000 $415 Per Sq Ft

8 Days on Market

Highlights

  • Ocean View
  • Skylights
  • Washer and Dryer
  • Aptos High School Rated A-
  • Forced Air Heating System
  • Carpet

About This Home

As of May 2018

Call for appointment! Great investment Opportunity! Desirable 4-plex in the Seacliff area of Aptos. Upstairs unit has panoramic Ocean views. The downstairs unit is a 3/2, approx 1279 sf. The other 3 units are 2 bed/1 bath each approx. 1000 sf, with five carports & a shared laundry room. This is a well-maintained complex with the following upgrades: roof & 3 skylights replaced & decks resurfaced, 2 baths remodeled, all have low-flow Toto toilets, most bath vanities replaced, dual pane windows throughout & wood blinds, new carpet in Unit A, heaters in units B & C, wall heater, & forced air respectively & all front doors, Plus in the shared laundry room contains the 100 gal water heater w/recirculation pump & washer & dryer.

Last Agent to Sell the Property

Midge Zylker

Midge Zylker, Broker License #01136553 Listed on: 03/09/2018

Last Buyer's Agent

Datta Khalsa

Main Street Realtors License #01161050

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 7,754 Sq Ft Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Tile Roof
  • Bitumen Roof

Interior Spaces

  • 4,279 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Ocean Views
  • Monitored
  • Washer and Dryer

Kitchen

  • Electric Cooktop
  • Range Hood
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 1 Parking Space
  • 5 Carport Spaces
  • On-Street Parking

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $107,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,440
  • Maintenance Expense $2,000
  • Utility Expense $5,060
  • Trash Expense $876
  • Operating Expense $20,806
  • Gross Income $107,000

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

7,754 Sq Ft Lot

Listing Details

  • Zoning: RM-2.5
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4279
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Garbage Disposal, Hood Over Range, Pantry Cabinet, Refrigerator
  • Living Sq Ft: 4279
  • Stories: 2
  • Security: Video / Audio System
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Bitumen, Tile
  • View: Ocean

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: On Street
  • Carport Min: 5

Utilities

  • Heating System: Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Skylight

Lot Info

  • Lot Description: Views
  • Lot Acres: 0.1780
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7754.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7754.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.88
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1440
  • Expense Maintenance: 2000
  • Expenses Total: 20806
  • Expenses Utility: 5060
  • Expense Trash: 876
  • Income Annual Gross: 107000.00
  • Income Annual Rental: 107000
  • Income Gross Scheduled: 107000
  • Income Includes: Laundry, Rents
  • Meters: Master Water, Separate Other
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Review With Offer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,269,500
Outstanding Balance
$1,126,597
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 23, 2018
Sold by
Bought by
Seller's Agent
Midge Zylker
Midge Zylker, Broker
Buyer's Agent
Datta Khalsa
Main Street Realtors
List Price
$1,699,000
Sold Price
$1,775,000
Premium/Discount to List
$76,000
4.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,307,175
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$209,400
Interest Rate
3.35%
Mortgage Type
Commercial

Purchase Details

Closed on
May 22, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2011
Sold by
Bought by

Purchase Details

Closed on
May 17, 2004
Sold by
Bought by

Purchase Details

Closed on
May 14, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 28, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7.06%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Old Republic Title Company
-- Old Republic Title Company
$1,775,000 Old Republic Title Company
-- Cornerstone Title Company
-- Cornerstone Title Company
-- None Available
-- None Available
-- --
-- --
$600,000 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,269,500
Closed $1,307,175
Previous Owner $209,400
Previous Owner $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $1,775,000 +4.5% $415 / Sq Ft
03/18/2018 03/18/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $1,699,000 -- $397 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $27,518 $2,060,040 $1,392,703 $667,337
2025 $25,649 $2,019,647 $1,365,395 $654,252
2023 $25,078 $1,941,222 $1,312,375 $628,847
2022 $24,509 $1,903,159 $1,286,643 $616,516
2021 $23,877 $1,865,842 $1,261,414 $604,428
2020 $23,450 $1,846,710 $1,248,480 $598,230
2019 $23,028 $1,810,500 $1,224,000 $586,500
2018 $11,752 $791,154 $331,082 $460,072
2017 $11,598 $775,640 $324,590 $451,050
2016 $11,260 $760,431 $318,225 $442,206
2015 $10,931 $749,009 $313,445 $435,564
2014 $10,638 $734,337 $307,305 $427,032
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81695706

MLSListings

APN: 038-242-17-000

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