NOT LISTED FOR SALE

Estimated Value: $1,737,000 - $2,691,000

4 Beds
3 Baths
1,730 Sq Ft
$1,181/Sq Ft Est. Value

Last Sold June 07, 2017

Last sale price $1,165,000 $673 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $12,542/month

25 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • 1-Story Property
  • Mission Hill Middle School Rated A-
  • Level Lot

About This Home

As of June 2017

Double your fun with this Pleasure Point duplex. Located a few short blocks from the cliffs in a quiet beach neighborhood, this property has 2 two-bedroom, one-bath units each with its own one-car garage. With gleaming hardwood floors and the charm of the mid 20th century, these lovely homes boast open living spaces and small private yards. Park your car for the weekend - you will need only your cruiser to enjoy some of the best surfing on the coast and the vibrant Pleasure Point business area including cafes, breweries and shops. Pedal to the beach and Capitola Village. Live in one unit and rent the other...enjoy an extended family vacation compound... or rent both units for terrific income potential. The possibilities are many and opportunities like this do not come around often.

Last Agent to Sell the Property

Beata Willison

Karon Properties License #01311708 Listed on: 04/11/2017

Co-Listed By

Stephen Karon

Karon Properties License #02029679

Last Buyer's Agent

Brandi Jones

David Lyng Real Estate License #01385191

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,221

Year Built

  • 1953

Lot Details

  • 5,009 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex
  • Flat Roof Shape
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,730 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Utilities

  • Wall Furnace

Community Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,221

Year Built

1953

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-1-5
  • Subclass: Duplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1730
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 1730
  • Stories: 1
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Santa Cruz City High
  • Elementary School: Del Mar Elementary
  • Middle School: Shoreline Middle
  • High School: Harbor High
  • High School: 851
  • Elementary School: 883
  • Middle School: 884

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1150
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5009.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5009.00

Rental Info

  • Existing Lease Term(s): Building Vacant

Multi Family

  • Utilities: Public Utilities
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2017
Closed on
May 31, 2017
Sold by
Norton Family Fund Llc and Smee John T
Bought by
Yao William M and Yao Dana M
Seller's Agent
Beata Willison
Karon Properties
Buyer's Agent
Brandi Jones
David Lyng Real Estate
List Price
$1,100,000
Sold Price
$1,165,000
Premium/Discount to List
$65,000
5.91%
Current Estimated Value
$2,042,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$877,349
Avg. Annual Appreciation
6.60%
Original Mortgage
$873,750
Interest Rate
4.03%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Yao William M $1,165,000 First American Title Company
Norton Family Fund Llc -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yao William M $888,000
Closed Yao William M $874,000
Closed Yao William M $873,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2017 06/07/17 Sold $1,165,000 +5.9% $673 / Sq Ft
05/07/2017 05/07/17 Pending -- -- --
04/11/2017 04/11/17 For Sale $1,100,000 -- $636 / 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 $17,221 $1,352,082 $887,848 $464,234
2023 $16,435 $1,299,580 $853,372 $446,208
2022 $16,043 $1,274,097 $836,639 $437,458
2021 $15,565 $1,249,116 $820,235 $428,881
2020 $15,388 $1,236,307 $811,824 $424,483
2019 $15,050 $1,212,066 $795,906 $416,160
2018 $14,770 $1,188,300 $780,300 $408,000
2017 $4,200 $218,778 $105,014 $113,764
2016 $4,093 $214,488 $102,954 $111,534
2015 $3,887 $211,266 $101,408 $109,858
2014 $3,801 $207,128 $99,422 $107,706
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81646315

MLSListings

APN: 028-293-02-000