NOT LISTED FOR SALE

412 Sumner St Santa Cruz, CA 95062

Upper Seabright Neighborhood

Estimated Value: $1,592,000 - $2,358,198

4 Beds
2 Baths
1,806 Sq Ft
$1,039/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $1,385,000 $767 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $11,654/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Balcony
  • Tile Countertops
  • Mission Hill Middle School Rated A-
  • Fireplace
  • Tile Flooring

About This Home

As of June 2018

Midtown single-level Seabright Duplex! This is a rare investor opportunity with multiple options: Live in one and rent the other or rent out both units. This property has a strong long-term rental history and commands top-dollar rentswhich reflect the exceptional value of this desirable location. Seabright is one of the sunniest, hippest neighborhoods in Santa Cruz County, Seabright is known as the Sunbelt of Santa Cruz, where you can luxuriate in many sun-drenched days per year! From this home, its a short walk to beautiful world-class beaches, the scenic Santa Cruz Harbor and its friendly Yacht Club, as well as the exciting Santa Cruz Beach Boardwalk. Enjoy a lively night-life scene at any of the nearby pubs and breweries that feature live music, open mic nights and more. Youre also close to a tantalizing array of top-notch restaurants, cafes and trendy neighborhood coffee houses that cater to every taste. Organic grocery stores and a weekly farmers market just minutes from home!

Last Agent to Sell the Property

Suki Woodward

David Lyng Real Estate License #00931453 Listed on: 05/07/2018

David Lyng Real Estate

Last Buyer's Agent

Helen Pastorino

Pertria License #00612357

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,373

Year Built

  • 1968

Lot Details

  • 7,971 Sq Ft Lot
  • Fenced
  • Flag Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Garage
  • Guest Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,806 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $38,400

Community Details

Overview

  • 1,806 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $960
  • Insurance Expense $1,073
  • Operating Expense $3,633
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,373

Year Built

1968

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Style: Ranch, Traditional
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1806
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1968

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Dishwasher, Garbage Disposal, Oven Range, Refrigerator
  • Living Sq Ft: 1806
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

  • Heating System: Electric, Fireplace, Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Flag Lot
  • Lot Acres: 0.1830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7971.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7971.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 33.85
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1073
  • Expense Landscape: 960
  • Expenses Total: 3633
  • Income Annual Gross: 38400.00
  • Income Annual Rental: 38400
  • Income Gross Scheduled: 38400
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2018
Closed on
Jun 12, 2018
Sold by
Blade Pattie Lou and Blade Marital Deduct William R
Bought by
Kursawe Goetz and Youseflavi Laleh
Seller's Agent
Suki Woodward
David Lyng Real Estate
Buyer's Agent
Helen Pastorino
Pertria
List Price
$1,299,999
Sold Price
$1,385,000
Premium/Discount to List
$85,001
6.54%
Current Estimated Value
$1,876,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$491,800
Avg. Annual Appreciation
5.02%
Original Mortgage
$775,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 23, 2006
Sold by
Blade Pattie Lou and Blade William R
Bought by
William R Blade Marital Deduction Trust
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
Kursawe Goetz $1,385,000 Old Republic Title Company
William R Blade Marital Deduction Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kursawe Goetz $770,500
Closed Kursawe Goetz $775,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $1,385,000 +6.5% $767 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
05/07/2018 05/07/18 For Sale $1,299,999 -- $720 / 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 $17,373 $1,575,893 $1,137,829 $438,064
2023 $17,161 $1,514,700 $1,093,646 $421,054
2022 $16,967 $1,485,000 $1,072,202 $412,798
2021 $16,610 $1,455,883 $1,051,179 $404,704
2020 $16,479 $1,440,954 $1,040,400 $400,554
2019 $16,129 $1,412,700 $1,020,000 $392,700
2018 $1,701 $104,272 $25,668 $78,604
2017 $1,685 $102,230 $25,166 $77,064
2016 $1,618 $100,224 $24,672 $75,552
2015 $1,437 $98,720 $24,302 $74,418
2014 $1,418 $96,786 $23,826 $72,960
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Suki Woodward

    David Lyng Real Estate

    Section Image
  • Helen Pastorino

    Buyer's Agent in 2018

    Helen Pastorino

    Pertria

    (408) 357-7770

    46 Total Sales

    Helen Pastorino
    Section Image
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Map

Source: MLSListings

MLS Number: ML81704397

MLSListings

APN: 011-152-12-000

California Santa Cruz County Santa Cruz 95062 Upper Seabright

412 Sumner St, Santa Cruz, CA

This home is located at 412 Sumner St, Santa Cruz, CA 95062 since 07 May 2018 and is currently estimated at $1,876,800, approximately $1,039 per square foot. This property was built in 1968. 412 Sumner St is a home located in Santa Cruz County with nearby schools including Gault Elementary School, Mission Hill Middle School, and Harbor High School.

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