NOT LISTED FOR SALE

415 2nd St Watsonville, CA 95076

Estimated Value: $653,000 - $1,058,000

2 Beds
2 Baths
1,375 Sq Ft
$612/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $750,000 $545 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,145/month

46 Days on Market

Highlights

  • 1 Car Detached Garage
  • Fenced
  • Back Yard
  • Double Pane Windows
  • Vinyl Flooring

About This Home

As of October 2021

OPPORTUNITY KNOCKS! Two detached homes on one lot! This property features a 2 bedroom, 1 bath home with indoor laundry at the front of the property and a detached home with a large studio floor plan at the rear of the property. The front home has a nice composition roof with double pane windows and high ceilings throughout. Each home offers their own and separate yards giving each home their own space and privacy. The extended driveway is great as it offers plenty of area for parking multiple cars on the property. Located near downtown and within close proximity of highway 1 for easy and quick access to the freeway!

Last Agent to Sell the Property

Tony Melo

Aldina Real Estate,Inc. License #01844100 Listed on: 07/02/2021

Last Buyer's Agent

Roy Farrens

Anderson Christie, Inc. License #01997259

Property Details

Home Type

  • Multi-Family

Year Built

  • 1924

Lot Details

  • 6,186 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 1 Car Detached Garage
  • On-Street Parking

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,375 Sq Ft Home
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $21,600

Community Details

Overview

  • 1,375 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,400
  • Operating Expense $2,888
  • Gross Income $21,600

Property Details

Home Type

Multi-Family

Year Built

1924

Lot Details

0

Parking

1

Listing Details

  • Zoning: R1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1375
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1924

Interior Features

  • Living Sq Ft: 1375
  • Laundry: Hookups Only
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1420
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6186.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6186.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 35.42
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2400
  • Expenses Total: 2888
  • Income Annual Gross: 21600.00
  • Income Annual Rental: 21600
  • Income Gross Scheduled: 21600
  • Income Includes: Improvements, Land
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Rent Only, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 9, 2021
Sold by
Martinez Juanita C
Bought by
Moneger Alexandre Georges and Peigne Julia
Seller's Agent
Tony Melo
Aldina Real Estate,Inc.
Buyer's Agent
Roy Farrens
Anderson Christie, Inc.
List Price
$765,000
Sold Price
$750,000
Premium/Discount to List
-$15,000
-1.96%
Current Estimated Value
$840,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,854
Avg. Annual Appreciation
2.71%
Original Mortgage
$562,500
Outstanding Balance
$511,833
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$329,021
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
Moneger Alexandre Georges $750,000 Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moneger Alexandre Georges $562,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2021 10/07/21 Sold $750,000 -2.0% $545 / Sq Ft
08/18/2021 08/18/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $765,000 -- $556 / 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 $9,505 $795,906 $583,664 $212,242
2023 $9,265 $765,000 $561,000 $204,000
2022 $9,099 $750,000 $550,000 $200,000
2021 $494 $38,449 $17,049 $21,400
2020 $488 $38,055 $16,874 $21,181
2019 $477 $37,308 $16,543 $20,765
2018 $463 $36,577 $16,219 $20,358
2017 $456 $35,860 $15,901 $19,959
2016 $443 $35,157 $15,589 $19,568
2015 $439 $34,629 $15,355 $19,274
2014 $428 $33,950 $15,054 $18,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81851778

MLSListings

APN: 017-621-04-000