NOT LISTED FOR SALE

4675 Opal St Capitola, CA 95010

Estimated Value: $1,624,444

3 Beds
2 Baths
1,193 Sq Ft
$1,362/Sq Ft Est. Value

Last Sold June 25, 2020

Last sale price $1,120,000 $939 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $10,139/month

89 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Balcony
  • Mission Hill Middle School Rated A-
  • Corian Countertops
  • 3-minute walk to Jade Street Park

About This Home

As of June 2020

Opportunity knocks! A chance to own a duplex in coveted jewel box area of Capitola. 2 units, each with own yard, no shared walls.. Front unit available now. It has a front porch and side yard. Upstairs unit has lots of natural light, perfect space for 1 or 2 people with it's own private yard with storage. Great separation of space between units. Rents have been under market and units need some refreshing giving it great upside potential for an investor. Live in one and rent out the other or use as investment property.

Last Agent to Sell the Property

Suzanne Teixeira

Bailey Properties License #00923308 Listed on: 02/09/2020

Bailey Properties

Last Buyer's Agent

Ivan Margaretich

Intero Real Estate Services License #01179884

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,439

Year Built

  • 1956

Lot Details

  • 3,223 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,193 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Dishwasher
  • Corian Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $42,840

Community Details

Overview

  • 1,193 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $50
  • Insurance Expense $400
  • Maintenance Expense $500
  • Manager Expense $3,427
  • Operating Expense $6,881
  • Gross Income $42,840

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,439

Year Built

1956

Lot Details

0

Parking

1

Listing Details

  • Zoning: N/A
  • Subclass: Duplex
  • Style: Traditional
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1193
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1956

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Solid Surface / Corian, Countertop - Synthetic, Dishwasher, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 1193
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Rolled Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Porch - Enclosed
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

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

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0740
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3223.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3223.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 27.43
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 400
  • Expense Landscape: 50
  • Expense Maintenance: 500
  • Expense Management: 3427
  • Expenses Total: 6881
  • Income Annual Gross: 42840.00
  • Income Annual Rental: 42840
  • Income Gross Scheduled: 42840
  • Income Includes: Rents
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2020
Closed on
Jun 18, 2020
Sold by
Brand Carol L and Carol L Brand 2003 Trust
Bought by
Margaretich Ivan and Margaretich Eva
Seller's Agent
Suzanne Teixeira
Bailey Properties
Buyer's Agent
Ivan Margaretich
Intero Real Estate Services
List Price
$1,299,000
Sold Price
$1,120,000
Premium/Discount to List
-$179,000
-13.78%
Current Estimated Value
$1,624,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$504,444
Avg. Annual Appreciation
8.61%
Original Mortgage
$509,000
Outstanding Balance
$453,178
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,260,494

Purchase Details

Closed on
Jul 22, 2016
Sold by
Brand Carol L and Carol L Brand 2003 Trust
Bought by
Brand Carol L and Carol L Brand 2003 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2003
Sold by
Brand Carol L
Bought by
Brand Carol L and Carol L Brand 2003 Trust

Purchase Details

Closed on
Oct 7, 2003
Sold by
Brand Carol L
Bought by
Brand Carol L
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
Margaretich Ivan $1,120,000 Stewart Title Of Ca Inc
Brand Carol L -- North American Title Co Inc
Brand Carol L -- --
Brand Carol L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Margaretich Ivan $509,000
Previous Owner Brand Carol L $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2020 06/25/20 Sold $1,120,000 -4.7% $939 / Sq Ft
05/09/2020 05/09/20 Pending -- -- --
04/20/2020 04/20/20 Price Changed $1,175,000 -2.0% $985 / Sq Ft
03/12/2020 03/12/20 Price Changed $1,199,000 -4.1% $1,005 / Sq Ft
03/02/2020 03/02/20 Price Changed $1,250,000 -3.8% $1,048 / Sq Ft
02/09/2020 02/09/20 For Sale $1,299,000 -- $1,089 / 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 $15,439 $1,224,884 $896,790 $328,094
2023 $15,061 $1,177,320 $861,966 $315,354
2022 $14,854 $1,154,235 $845,065 $309,170
2021 $14,475 $1,131,603 $828,495 $303,108
2020 $2,566 $56,993 $19,963 $37,030
2019 $2,504 $55,876 $19,572 $36,304
2018 $2,413 $54,780 $19,188 $35,592
2017 $2,355 $53,706 $18,812 $34,894
2016 $2,300 $52,653 $18,443 $34,210
2015 $2,084 $51,862 $18,166 $33,696
2014 $2,007 $50,846 $17,810 $33,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782007

MLSListings

APN: 034-061-12-000