NOT LISTED FOR SALE

514 Laverne Ave Aptos, CA 95003

Estimated Value: $1,058,000 - $1,312,000

4 Beds
2 Baths
1,470 Sq Ft
$796/Sq Ft Est. Value

Last Sold May 28, 2021

Last sale price $1,015,000 $690 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,408/month

11 Days on Market

Highlights

  • Balcony
  • Tile Countertops
  • Washer and Dryer
  • Aptos High School Rated A-
  • Tile Flooring
  • Fenced

About This Home

As of May 2021

Seacliff Duplex. Each unit is approx. 735 sq. ft. Great location with close proximity to freeway & beach. Please be aware of the rental control ordinance, "Notice of Termination of Tenancy Covid Tenant Relief Act". The tenants are amazing and keep property in "ready to show" all the time. All showings must be scheduled with agent for property showings with available times to select. Wednesday & Sunday are days unavailable for showings. Hours are 9:00 - 6:00.

Last Agent to Sell the Property

Marilyn Johnson

Bailey Properties License #01095691 Listed on: 04/11/2021

Last Buyer's Agent

Kelley Youmans

David Lyng Real Estate License #01327034

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1963

Lot Details

  • 2,701 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Grass Covered Lot
  • Back Yard

Home Design

  • 1,470 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Sustainable
  • Tile

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan

Additional Features

  • Washer and Dryer
  • Balcony

Listing and Financial Details

  • Total Actual Rent $43,200

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,050
  • Maintenance Expense $1,500
  • Manager Expense $3,600
  • Utility Expense $1,600
  • Trash Expense $800
  • Operating Expense $17,750
  • Gross Income $43,200

Property Details

Home Type

Multi-Family

Year Built

1963

Lot Details

2,701 Sq Ft Lot

Listing Details

  • Zoning: RM-2.5
  • Subclass: Duplex
  • Style: Vintage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1470
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Pantry, Refrigerator
  • Living Sq Ft: 1470
  • Laundry: Washer / Dryer
  • Flooring: Sustainable Materials, Tile

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport, No Parking, On Street
  • Carport Min: 2

Utilities

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

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0620
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2701.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2701.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.13
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1050
  • Expense Landscape: 1200
  • Expense Maintenance: 1500
  • Expense Management: 3600
  • Expenses Total: 17750
  • Expenses Utility: 1600
  • Expense Trash: 800
  • Income Annual Gross: 43200.00
  • Income Annual Rental: 43200
  • Income Gross Scheduled: 43200
  • Income Includes: Rents
  • Meters: Master Electric, Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 2, 2022
Sold by
Uriel Yigal S and Bodhan Shanta M
Bought by
Uriel Bodhan Revocable Trust and Uriel
Current Estimated Value
$1,169,610

Purchase Details

Listed on
Apr 11, 2021
Closed on
May 13, 2021
Sold by
Stephens Kleffel Llc
Bought by
Uriel Yigal S and Bodhan Shanta M
Seller's Agent
Marilyn Johnson
Bailey Properties
Buyer's Agent
Kelley Youmans
David Lyng Real Estate
List Price
$999,000
Sold Price
$1,015,000
Premium/Discount to List
$16,000
1.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.97%
Original Mortgage
$450,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2017
Sold by
Kleffel Frederick J and Kleffel Claire S
Bought by
Kleffel Frederick J and Kleffel Claire S

Purchase Details

Closed on
Mar 18, 2009
Sold by
Hsbc Bank Usa National Association
Bought by
Kieffel Frederick J and Kieffel Claire S

Purchase Details

Closed on
Oct 16, 2008
Sold by
Salas Juan A
Bought by
Hsbc Bank Usa Na and Deutsche Alt A Securities Mortgage Loan

Purchase Details

Closed on
Sep 20, 2006
Sold by
Salas Juan A and Salas Melanie D
Bought by
Salas Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$581,250
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2004
Sold by
Lynch Emmet P
Bought by
Salas Juan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.19%
Mortgage Type
Purchase Money Mortgage
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
Uriel Bodhan Revocable Trust -- None Listed On Document
Uriel Yigal S $1,015,000 Old Republic Title Company
Kleffel Frederick J -- None Available
Kieffel Frederick J $476,000 First American Title Company
Hsbc Bank Usa Na $617,000 None Available
Salas Juan A -- Old Republic Title Company
Salas Juan A $564,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Uriel Yigal S $450,000
Previous Owner Salas Juan A $581,250
Previous Owner Salas Juan A $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $1,015,000 +1.6% $690 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
04/11/2021 04/11/21 For Sale $999,000 -- $680 / Sq Ft
Source: MLSListings

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 $13,897 $1,098,669 $865,946 $232,723
2023 $13,591 $1,056,006 $832,320 $223,686
2022 $13,283 $1,035,300 $816,000 $219,300
2021 $8,009 $566,296 $327,166 $239,130
2020 $7,855 $560,490 $323,812 $236,678
2019 $7,712 $549,499 $317,462 $232,037
2018 $7,488 $538,726 $311,238 $227,488
2017 $7,400 $528,163 $305,136 $223,027
2016 $7,190 $517,807 $299,153 $218,654
Source: Public Records

Agents Affiliated with this Home

  • Marilyn Johnson

    Seller's Agent in 2021

    Marilyn Johnson

    Bailey Properties

    (831) 251-6994

    2 in this area

    17 Total Sales

    Marilyn Johnson
    Section Image
  • Kelley Youmans

    Buyer's Agent in 2021

    Kelley Youmans

    David Lyng Real Estate

    (831) 818-1739

    1 in this area

    35 Total Sales

    Kelley Youmans
    Section Image
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Map

Source: MLSListings

MLS Number: ML81838485

MLSListings

APN: 038-073-22-000

California Santa Cruz County Aptos 95003

514 Laverne Ave, Aptos, CA

Not Listed for Sale

MultiFamily

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