NOT LISTED FOR SALE

5074 Wilder Dr Soquel, CA 95073

Estimated Value: $1,929,000 - $2,250,000

7 Beds
4 Baths
3,150 Sq Ft
$656/Sq Ft Est. Value

Last Sold May 19, 2022

Last sale price $2,100,000 $667 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $13,065/month

77 Days on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Laundry Room
  • Mission Hill Middle School Rated A-
  • Balcony
  • Storage Room

About This Home

As of May 2022

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

David Lyng Real Estate

Last Buyer's Agent

Scott Poncetta

KW Bay Area Estates License #01497030

KW Bay Area Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 5,924 Sq Ft Lot
  • Kennel or Dog Run
  • Fenced
  • Level Lot
  • Back Yard

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • Low Flow Toliet
  • 3,150 Sq Ft Home
  • Ceiling Fan
  • Storage Room
  • Crawl Space

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking

Outdoor Features

  • Balcony
  • Shed
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $123,600

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 3 Leased Units
  • Insurance Expense $2,000
  • Maintenance Expense $1,904
  • Other Expense $3,463
  • Operating Expense $33,389
  • Gross Income $117,420

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Listing Details

  • Zoning: RM-2.5
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3150
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven - Electric, Refrigerator
  • Living Sq Ft: 3150
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Crawl Space
  • Roof: Tar And Gravel
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Courtyard, Dog Run / Kennel, Fenced, Storage Shed / Structure
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, Covered Parking, On Street
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1360
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5924.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5924.00

Green Features

  • Energy Features: Low Flow Toilet

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 17.79
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2000
  • Expense Maintenance: 1904
  • Expenses Other: 3463
  • Expenses Total: 33389
  • Income Annual Gross: 117420.00
  • Income Annual Rental: 123600
  • Income Gross Scheduled: 123600
  • Income Includes: Lease
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2020
Sold by
Daniels Steve and Daniels Rowena
Bought by
Daniels Steven J and Daniels Rowena W
Current Estimated Value
$2,065,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Outstanding Balance
$384,725
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,680,544

Purchase Details

Closed on
Apr 24, 2013
Sold by
Stephen Deborah and Spencer Dale
Bought by
Daniels Steve and Asai Rowena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$638,400
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 22, 2005
Sold by
Stephan Deborah and Spencer Dale
Bought by
Stephan Deborah and Spencer Dale

Purchase Details

Closed on
Mar 27, 2002
Sold by
Spencer Dale E and Spencer Caren
Bought by
Spencer Dale E and Spencer Caren L

Purchase Details

Closed on
Aug 3, 2001
Sold by
Randle Georgia R
Bought by
Spencer Dale E and Spencer Caren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
7.1%
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
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
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Daniels Steven J $530,000
Closed Daniels Steve $638,400
Previous Owner Spencer Dale E $525,000
Source: Public Records

Property History

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
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81873950

MLSListings

APN: 030-221-17-000