NOT LISTED FOR SALE

507 Park Way Santa Cruz, CA 95062

Banana Belt Neighborhood

Estimated Value: $1,270,606 - $1,565,000

5 Beds
4 Baths
2,266 Sq Ft
$633/Sq Ft Est. Value

About This Home

This home is located at 507 Park Way, Santa Cruz, CA 95062 and is currently estimated at $1,433,902, approximately $632 per square foot. 507 Park Way is a home located in Santa Cruz County with nearby schools including De Laveaga Elementary School, Mission Hill Middle School, and Harbor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2022
Sold by
Luis Picazo Jose and Luis Terri
Bought by
Picazo Jose Luis and Jones-Picazo Terri
Current Estimated Value
$1,433,902

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$905,000
Outstanding Balance
$847,816
Interest Rate
4.16%
Mortgage Type
Balloon
Estimated Equity
$586,086

Purchase Details

Closed on
Jan 10, 2007
Sold by
Picazo Jose and Jones Picazo Teri
Bought by
Picazo Jose Luis and Jones Picazo Teri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
6.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2005
Sold by
Chandiramani Omi and Chandiramani Jennifer G
Bought by
Picazo Jose and Jones Picazo Teri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 23, 2002
Sold by
Chandiramani Omi
Bought by
Chandiramani Omi and Chandriramani Jennifer G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.05%

Purchase Details

Closed on
Oct 15, 2002
Sold by
Chandiramani Jennifer G
Bought by
Chandiramani Omi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.05%

Purchase Details

Closed on
Jul 2, 2002
Sold by
Siemer Robert S and Siemer Katherine M
Bought by
Siemer Robert S and Siemer Katherine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
6.12%

Purchase Details

Closed on
Jul 17, 1997
Sold by
Stout Deming E and Stout Ann K
Bought by
Siemer Robert S and Siemer Katherine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,800
Interest Rate
8.99%

Purchase Details

Closed on
Jul 26, 1996
Sold by
Costella Joseph E and Chichester Melba
Bought by
Stout Deming E and Stout Ann K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
8.32%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Picazo Jose Luis -- Old Republic Title
Picazo Jose Luis -- First American Title
Picazo Jose $735,000 Santa Cruz Title Company
Chandiramani Omi -- --
Chandiramani Omi -- Old Republic Title Company
Chandiramani Omi $550,000 Old Republic Title Company
Siemer Robert S -- First American Title Co
Siemer Robert S $249,000 Old Republic Title Company
Stout Deming E $200,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Picazo Jose Luis $905,000
Previous Owner Picazo Jose Luis $190,000
Previous Owner Picazo Jose $588,000
Previous Owner Chandiramani Omi $440,000
Previous Owner Siemer Robert S $444,000
Previous Owner Siemer Robert S $210,800
Previous Owner Stout Deming E $160,000
Closed Chandiramani Omi $74,500
Source: Public Records

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 $13,471 $1,222,269 $760,864 $461,405
2023 $13,306 $1,174,807 $731,319 $443,488
2022 $12,225 $1,067,572 $716,980 $350,592
2021 $10,766 $937,228 $702,922 $234,306
2020 $10,682 $927,618 $695,714 $231,904
2019 $10,450 $909,428 $682,072 $227,356
2018 $10,331 $891,596 $668,698 $222,898
2017 $9,965 $853,312 $565,950 $287,362
2016 $8,911 $790,104 $524,027 $266,077
2015 $8,356 $745,381 $494,365 $251,016
2014 $7,573 $671,515 $445,374 $226,141
Source: Public Records

Map

California Santa Cruz County Santa Cruz 95062 Banana Belt

507 Park Way, Santa Cruz, CA

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