NOT LISTED FOR SALE

501 Pine St Unit A Capitola, CA 95010

Estimated Value: $1,998,000 - $3,154,000

7 Beds
4 Baths
2,856 Sq Ft
$864/Sq Ft Est. Value

Last Sold August 16, 2012

Last sale price $900,000 $315 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $14,167/month

27 Days on Market

Highlights

  • Wood Flooring
  • Mission Hill Middle School Rated A-
  • Neighborhood Views

About This Home

As of August 2012

Triplex in desirable area of Capitola with great rental history. 3 bedrom unit fetures remodeled kitchen and master bath. Each unit has 1 car garage and there's a detached 2 car garage at the rear of property as well.

Last Agent to Sell the Property

Rudy Rangel

El Camino Realty License #01413759 Listed on: 05/15/2012

Last Buyer's Agent

Kim Richman

Christie's International Real Estate Sereno License #01076556

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • Lot Sloped Down

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,856 Sq Ft Home
  • Neighborhood Views

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Parking

  • Garage
  • Private Parking
  • Garage Door Opener
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $61,200
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 3 Units
  • 2,856 Sq Ft Building

Building Details

  • Gardener Expense $1,440
  • Insurance Expense $1,632
  • Maintenance Expense $500
  • Other Expense $500
  • Trash Expense $720
  • Operating Expense $20,428
  • Gross Income $61,200

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Listing Details

  • Zoning: RM3
  • Subclass: Triplex
  • Inspections Reports: Fault Zone, Pest Control, Flood Zone
  • Sale Price Per Sq Ft: 315.13
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 2856
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Refrigerator
  • Living Sq Ft: 2856
  • Laundry: 220 Volt Outlet, Laundry Area - In All Units
  • Flooring: Carpet - Area, Tile, Hardwood, Vinyl / Linoleum, Carpet

Exterior Features

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

Garage/Parking

  • Garage Parking Features: Gate / Door Opener, Private / Exclusive, Off-Street Parking

Utilities

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

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10018.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 10018.00
  • Lot Size Area Min Search: 10018.00
  • Maximum Lot Size: 10018.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.62

Multi Family

  • Expense Insurance: 1632
  • Expense Landscape: 1440
  • Expense Maintenance: 500
  • Expenses Other: 500
  • Expenses Total: 20428
  • Expense Trash: 720
  • Expense Water Sewer: 1080
  • Income Annual Gross: 61200.00
  • Income Annual Rental: 61200
  • Income Gross Scheduled: 61200
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Services - Sewer
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 7, 2012
Sold by
Cullinan Melissa and Cullinan Daniel
Bought by
Cullinan Daniel and Cullinan Melissa
Current Estimated Value
$2,467,619

Purchase Details

Listed on
May 15, 2012
Closed on
Jul 27, 2012
Sold by
Fischer Joshua C and Fischer Rena L
Bought by
Cullinan Melissa and Cullinan Daniel
Seller's Agent
Rudy Rangel
El Camino Realty
Buyer's Agent
Kim Richman
Christie's International Real Estate Sereno
List Price
$895,000
Sold Price
$900,000
Premium/Discount to List
$5,000
0.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.84%
Original Mortgage
$645,300
Outstanding Balance
$444,715
Interest Rate
3.56%
Mortgage Type
New Conventional
Estimated Equity
$2,022,904

Purchase Details

Closed on
Dec 6, 2005
Sold by
Fischer Joshua C
Bought by
Fischer Joshua C and Fischer Rena L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 22, 2005
Sold by
Fischer Rena L
Bought by
Fischer Joshua C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 2, 2005
Sold by
Mckenzie Bonnie C
Bought by
Fischer Joshua C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 28, 1999
Sold by
Gardiner Talley L and Gardiner Francis H
Bought by
Mckenzie Bonnie C

Purchase Details

Closed on
Aug 14, 1996
Sold by
Gardiner Francis H
Bought by
Gardiner Francis H

Purchase Details

Closed on
Nov 15, 1995
Sold by
Gardiner Francis H and Gardiner Margaret J
Bought by
Gardiner Francis H and Gardiner Margaret J
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
Cullinan Daniel -- None Available
Cullinan Melissa $900,000 Old Republic Title Company
Fischer Joshua C -- First American Title Company
Fischer Joshua C -- First American Title Co
Fischer Joshua C $1,200,000 First American Title Co
Mckenzie Bonnie C -- --
Gardiner Francis H -- --
Gardiner Francis H -- --
Gardiner Francis H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cullinan Melissa $645,300
Previous Owner Fischer Joshua C $960,000
Previous Owner Fischer Joshua C $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2012 08/16/12 Sold $900,000 +0.6% $315 / Sq Ft
06/11/2012 06/11/12 Pending -- -- --
05/15/2012 05/15/12 For Sale $895,000 -- $313 / 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 $14,855 $1,108,286 $652,657 $455,629
2023 $14,464 $1,065,250 $627,314 $437,936
2022 $14,234 $1,044,363 $615,014 $429,349
2021 $13,850 $1,023,886 $602,955 $420,931
2020 $13,663 $1,013,386 $596,772 $416,614
2019 $13,341 $993,517 $585,071 $408,446
2018 $13,083 $974,036 $573,599 $400,437
2017 $12,880 $954,935 $562,350 $392,585
2016 $13,526 $936,211 $551,324 $384,887
2015 $13,157 $922,149 $543,043 $379,106
2014 $11,547 $904,086 $532,406 $371,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81218404

MLSListings

APN: 036-062-08-000