NOT LISTED FOR SALE

425 E Lake Ave Watsonville, CA 95076

Estimated Value: $835,000 - $1,390,000

4 Beds
3 Baths
1,767 Sq Ft
$598/Sq Ft Est. Value

Last Sold December 26, 2012

Last sale price $420,000 $238 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $6,035/month

3 Days on Market

Highlights

  • Wood Flooring
  • Neighborhood Views
  • 1-Story Property

About This Home

As of December 2012

2 houses, 1 parcel. Great income property, well kept lots of charm. Perfect for your investors, great return on money. Long term tenants. Will go quick.

Last Agent to Sell the Property

Rob Ross

David Lyng Real Estate License #01446172 Listed on: 10/22/2012

David Lyng Real Estate

Last Buyer's Agent

Tony Melo

Royalty Real Estate License #01844100

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 9,888

Parking

  • Private Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,767 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range
  • Laundry in Garage

Flooring

  • Wood
  • Vinyl

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $35,400
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 2 Units
  • 1,767 Sq Ft Building

Building Details

  • Manager Expense $3,540
  • Operating Expense $6,250
  • Gross Income $35,400

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Listing Details

  • Zoning: CN
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Flood Zone
  • Sale Price Per Sq Ft: 237.69
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1767
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1767
  • Stories: 1
  • Laundry: In Garage, In Some Units
  • Flooring: Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13068.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 13068.00
  • Lot Size Area Min Search: 13068.00
  • Maximum Lot Size: 13068.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.71

Multi Family

  • Expense Management: 3540
  • Expenses Total: 6250
  • Income Annual Gross: 35400.00
  • Income Annual Rental: 35400
  • Income Gross Scheduled: 35400
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Gardener, Fee - Property Management, Fee - Property Tax
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Electric, Services - Trash Removal

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2012
Closed on
Dec 4, 2012
Sold by
Zupan Kathleen and The Estate Of Stephan Zupan
Bought by
Vazquez Enrique S
Seller's Agent
Rob Ross
David Lyng Real Estate
Buyer's Agent
Tony Melo
Royalty Real Estate
List Price
$450,000
Sold Price
$420,000
Premium/Discount to List
-$30,000
-6.67%
Current Estimated Value
$1,056,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$636,716
Avg. Annual Appreciation
7.32%
Original Mortgage
$315,000
Outstanding Balance
$217,213
Interest Rate
3.27%
Mortgage Type
New Conventional
Estimated Equity
$839,503
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vazquez Enrique S $420,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vazquez Enrique S $315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/26/2012 12/26/12 Sold $420,000 -6.7% $238 / Sq Ft
10/25/2012 10/25/12 Pending -- -- --
10/22/2012 10/22/12 For Sale $450,000 -- $255 / 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 $6,104 $517,200 $206,880 $310,320
2023 $6,010 $497,117 $198,847 $298,270
2022 $5,903 $487,370 $194,948 $292,422
2021 $5,803 $477,813 $191,125 $286,688
2020 $5,721 $472,913 $189,165 $283,748
2019 $5,619 $463,641 $185,456 $278,185
2018 $5,477 $454,550 $181,820 $272,730
2017 $5,430 $445,638 $178,255 $267,383
2016 $5,288 $436,900 $174,760 $262,140
2015 $5,270 $430,337 $172,135 $258,202
2014 $5,156 $421,907 $168,763 $253,144
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2012

    Rob Ross

    David Lyng Real Estate

    Section Image

  • T

    Buyer's Agent in 2012

    Tony Melo

    Royalty Real Estate

    Section Image
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Map

Source: MLSListings

MLS Number: ML81238610

MLSListings

APN: 018-571-18-000

California Santa Cruz County Watsonville 95076

425 E Lake Ave, Watsonville, CA

Not Listed for Sale

MultiFamily

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