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Seller's Agent in 2022
Jesse Collins
David Lyng Real Estate
Estimated Value: $1,929,000 - $2,250,000
This property is the only fourplex available in Santa Cruz County as of 1/10 and it is a very special one at that. It has 3 units that are 2 bed and 1 bath, and one unit is 1/1. It has a cap rate of 3.65 and a gross annual rent of $123,600. This building was was fumigated & painstakingly renovated in 2016 with new floors throughout, forced air heat for 3 units, community washer and dryer, new kitchens, new bathrooms, fresh paint, new landscaping and more. Recent inspections incl: roof, home, pest, and sewer lateral, & it is incredibly clean. The tenants all pay on time and are the kind of tenants all landlords dream of having. Unit 2, will be vacant for showings starting this Monday. This gives the future landlords the opportunity to bring new tenants into unit 2 at a higher market rate, or possibly live in it themselves. This property is in a great location at the edge of Soquel and Capitola and is walking distance to Gail's Bakery and a short dr to dt Capitola.
Last Agent to Sell the Property
Jesse Collins
David Lyng Real Estate License #02077797 Listed on: 01/10/2022
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Daniels Steven J | -- | Wfg Title Insurance Company | |
| Daniels Steve | $912,000 | Old Republic Title Company | |
| Stephan Deborah | -- | -- | |
| Spencer Dale E | -- | Santa Cruz Title Company | |
| Spencer Dale E | $700,000 | Santa Cruz Title Company |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Daniels Steven J | $530,000 | |
| Closed | Daniels Steve | $638,400 | |
| Previous Owner | Spencer Dale E | $525,000 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/19/2022 05/19/22 | Sold | $2,100,000 | -4.5% | $667 / Sq Ft |
| 03/29/2022 03/29/22 | Pending | -- | -- | -- |
| 03/17/2022 03/17/22 | Price Changed | $2,199,000 | -4.4% | $698 / Sq Ft |
| 03/02/2022 03/02/22 | For Sale | $2,300,000 | 0.0% | $730 / Sq Ft |
| 01/27/2022 01/27/22 | Pending | -- | -- | -- |
| 01/10/2022 01/10/22 | For Sale | $2,300,000 | -- | $730 / Sq Ft |
| 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 | $27,312 | $2,228,537 | $1,337,122 | $891,415 |
| 2023 | $26,700 | $2,142,000 | $1,285,200 | $856,800 |
| 2022 | $14,882 | $1,058,288 | $581,362 | $476,926 |
| 2021 | $14,384 | $1,037,536 | $569,962 | $467,574 |
| 2020 | $14,196 | $1,026,898 | $564,118 | $462,780 |
| 2019 | $13,870 | $1,006,764 | $553,058 | $453,706 |
| 2018 | $13,611 | $987,024 | $542,214 | $444,810 |
| 2017 | $13,405 | $967,670 | $531,582 | $436,088 |
| 2016 | $12,681 | $948,696 | $521,158 | $427,538 |
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Seller's Agent in 2022
Jesse Collins
David Lyng Real Estate
Buyer's Agent in 2022
Scott Poncetta
KW Bay Area Estates
(408) 757-1007
2 in this area
48 Total Sales
Source: MLSListings
MLS Number: ML81873950
APN: 030-221-17-000