NOT LISTED FOR SALE

413 Capitola Ave Capitola, CA 95010

Estimated Value: $503,525

-- Bed
1 Bath
648 Sq Ft
$777/Sq Ft Est. Value

Last Sold October 18, 2022

Last sale price $510,000 $787 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,162/month

129 Days on Market

Highlights

  • Skylights
  • Tile Flooring
  • Level Lot
  • Main Street Elementary School Rated A-
  • Guest Parking
  • 2-minute walk to Barrys Park

About This Home

As of October 2022

Talk about Walkable!! Excellent Downtown Capitola Location! Existing building currently used as an office (has 1/2bath and no kitchen)! You are not able to use this building as a short term rental as it currently exists. How can you see yourself using fabulous location to create an opportunity for your use! Structure was added on to and remodeled in 1997 and roof replaced last year! Sewer Lateral work is completed. High Speed Internet cable is installed! Zoned for commercial, residential and short term vacation rental (in vacation overlay for Capitola). Building would need to be rebuilt to be able to do residential or short term vacation use. Buyer paid commission for both agents.

Last Agent to Sell the Property

Judy Brose

CENTURY 21 Masters License #00932357 Listed on: 06/01/2022

CENTURY 21 Masters

Last Buyer's Agent

Melanie Dangzalan

David Lyng Real Estate License #70010154

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1920

Lot Details

  • 1,455 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Fiberglass Roof

Interior Spaces

  • 648 Sq Ft Home
  • 1-Story Property
  • Skylights

Flooring

  • Carpet
  • Tile

Parking

  • 2 Parking Spaces
  • Guest Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $26,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Utility Expense $750
  • Trash Expense $150
  • Operating Expense $5,120
  • Gross Income $26,400

Property Details

Home Type

Multi-Family

Year Built

1920

Lot Details

0

Listing Details

  • Zoning: MU-N
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 648
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Living Sq Ft: 648
  • Stories: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Fiberglass

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Guest / Visitor Parking, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Floor Drain, Skylight

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0334
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 1456.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1456.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 32.54
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1000
  • Expense Maintenance: 1000
  • Expenses Total: 5120
  • Expenses Utility: 750
  • Expense Trash: 150
  • Income Annual Gross: 26400.00
  • Income Annual Rental: 26400
  • Income Gross Scheduled: 26400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2022
Closed on
Oct 12, 2022
Sold by
Emigh Family Trust
Bought by
Ed T Pearson Revocable Trust
Seller's Agent
Judy Brose
CENTURY 21 Masters
Buyer's Agent
Melanie Dangzalan
David Lyng Real Estate
List Price
$1,200,000
Sold Price
$510,000
Premium/Discount to List
-$690,000
-57.5%
Views
46
Current Estimated Value
$503,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,475
Avg. Annual Appreciation
-0.40%

Purchase Details

Closed on
Oct 19, 1999
Sold by
Emigh Diane S
Bought by
Emigh Richard L and Emigh Diane S

Purchase Details

Closed on
Sep 4, 1996
Sold by
French Mortimer A and French Eleanor K
Bought by
Mcclure Cole R
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
Ed T Pearson Revocable Trust $510,000 Cornerstone Title
Emigh Richard L -- --
Mcclure Cole R $79,000 Santa Cruz Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2022 10/18/22 Sold $510,000 -40.6% $787 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
08/31/2022 08/31/22 Price Changed $859,000 -10.4% $1,326 / Sq Ft
07/27/2022 07/27/22 Price Changed $959,000 -12.8% $1,480 / Sq Ft
06/23/2022 06/23/22 Price Changed $1,100,000 -8.3% $1,698 / Sq Ft
06/01/2022 06/01/22 For Sale $1,200,000 -- $1,852 / 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 $6,293 $530,604 $520,200 $10,404
2023 $6,182 $510,000 $500,000 $10,000
2022 $2,271 $150,771 $107,435 $43,336
2021 $2,221 $147,815 $105,329 $42,486
2020 $2,187 $146,299 $104,249 $42,050
2019 $2,161 $143,431 $102,205 $41,226
2018 $2,125 $140,618 $100,201 $40,417
2017 $2,061 $137,861 $98,235 $39,626
2016 $1,941 $135,158 $96,309 $38,849
2015 $1,763 $133,127 $94,862 $38,265
2014 $1,733 $130,519 $93,004 $37,515
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81894218

MLSListings

APN: 035-131-33-000