NOT LISTED FOR SALE

516 Harriet Ave Aptos, CA 95003

Estimated Value: $1,083,000 - $1,150,000

4 Beds
2 Baths
1,470 Sq Ft
$751/Sq Ft Est. Value

Last Sold November 17, 2023

Last sale price $1,065,000 $724 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,510/month

5 Days on Market

Highlights

  • Deck
  • Beamed Ceilings
  • Carpet
  • Aptos High School Rated A-
  • Balcony
  • Back Yard

About This Home

As of November 2023

Are you ready to make a prime, coastal investment, at a price that cant be beat? Look no further, as we present this fantastic duplex opportunity, just a leisurely stroll or bike ride away from the sun-kissed sands of Seacliff State Beach. Two bedroom, one bath units that live on one level, with inside laundry hook-ups, kitchen pantries, outdoor garden and BBQ space, carport, storage, and off-street parking. New roof in 2020 and lower unit has new carpets and paint. Here's a location that's not just convenient for getting to the beach, but also to local hot spots like Mariannes Ice Cream, Manuels Restaurant, Pizza My Heart, with Rancho Del Mar Shopping Center across the highway. Possibilities abound for a first-time investor breaking into the market, second home buyer looking for a coastal getaway, or owner occupant reducing expenses by living in one and renting the other. This duplex is where investment potential and coastal living converge. Don't let this golden opportunity sail away

Last Agent to Sell the Property

Janet Romanowski

David Lyng Real Estate License #00826867 Listed on: 10/16/2023

David Lyng Real Estate

Last Buyer's Agent

Peter Eubank

Room Real Estate License #02015065

Room Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,101

Year Built

  • 1963

Lot Details

  • 2,657 Sq Ft Lot
  • Back Yard

Home Design

  • Duplex
  • Flat Roof Shape
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Parking Space
  • 2 Carport Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $55,200

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,177
  • Maintenance Expense $840
  • Utility Expense $2,700
  • Trash Expense $729
  • Operating Expense $17,946
  • Gross Income $55,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,101

Year Built

1963

Lot Details

0

Listing Details

  • Zoning: RM-2.5
  • Subclass: Duplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1470
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1963

Interior Features

  • Kitchen: Countertop - Laminate, Oven Range - Gas, Pantry
  • Living Sq Ft: 1470
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Flat / Low Pitch, Rolled Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Carport, Off-Street Parking
  • Carport Min: 2

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Open Beam Ceiling

Schools

  • School District: Pajaro Valley Unified
  • High School: Aptos High
  • High School: 826

Lot Info

  • Lot Acres: 0.0610
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2657.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2657.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 18.03
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1177
  • Expense Maintenance: 840
  • Expenses Total: 17946
  • Expenses Utility: 2700
  • Expense Trash: 729
  • Income Annual Gross: 55200.00
  • Income Annual Rental: 55200
  • Income Gross Scheduled: 55200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 16, 2023
Closed on
Nov 15, 2023
Sold by
Reitman Family Trust
Bought by
Holt-Rusmore Gabriel Joachim
Seller's Agent
Janet Romanowski
David Lyng Real Estate
Buyer's Agent
Peter Eubank
Room Real Estate
List Price
$995,000
Sold Price
$1,065,000
Premium/Discount to List
$70,000
7.04%
Views
37
Current Estimated Value
$1,103,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,679
Avg. Annual Appreciation
2.02%
Original Mortgage
$745,500
Outstanding Balance
$733,730
Interest Rate
7.49%
Mortgage Type
Seller Take Back
Estimated Equity
$369,949

Purchase Details

Closed on
Jul 1, 2005
Sold by
Reitman Michael J and Reitman Carmel B
Bought by
Reitman Michael J and Reitman Carmel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
5.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 26, 2001
Sold by
Reitman Michael J and Reitman Carmel B
Bought by
Reitman Michael J and Reitman Carmel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.15%

Purchase Details

Closed on
May 25, 2001
Sold by
Reitman Michael J and Reitman Carmel B
Bought by
Reitman Michael J and Reitman Carmel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.15%

Purchase Details

Closed on
Sep 29, 1997
Sold by
Reitman Michael J and Reitman Carmel B
Bought by
Reitman Michael J and Reitman Carmel B

Purchase Details

Closed on
Jun 2, 1997
Sold by
Lyons Helen C
Bought by
Rettman Michael J and Rettman Carmel B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,800
Interest Rate
3.05%
Source: Public Records

Range of Values:

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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
Holt-Rusmore Gabriel Joachim $1,065,000 Stewart Title
Reitman Michael J -- New Century Title Company Or
Reitman Michael J -- New Century Title Company Or
Reitman Michael J -- --
Reitman Michael J -- Santa Cruz Title Company
Reitman Michael J -- --
Rettman Michael J $221,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holt-Rusmore Gabriel Joachim $745,500
Previous Owner Reitman Michael J $225,000
Previous Owner Reitman Michael J $175,000
Previous Owner Rettman Michael J $176,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2023 11/17/23 Sold $1,065,000 +7.0% $724 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
10/16/2023 10/16/23 For Sale $995,000 -- $677 / 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 $6,101 $1,086,300 $793,560 $292,740
2023 $5,907 $345,971 $203,509 $142,462
2022 $5,729 $339,187 $199,519 $139,668
2021 $5,462 $332,537 $195,607 $136,930
2020 $5,346 $329,127 $193,601 $135,526
2019 $5,246 $322,673 $189,805 $132,868
2018 $5,085 $316,346 $186,083 $130,263
2017 $5,014 $310,144 $182,435 $127,709
2016 $4,867 $304,063 $178,858 $125,205
2015 $4,729 $299,495 $176,171 $123,324
2014 $4,601 $293,628 $172,720 $120,908
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Janet Romanowski

    David Lyng Real Estate

    (831) 359-5454

    2 in this area

    84 Total Sales

    Janet Romanowski
    Section Image
  • Peter Eubank

    Buyer's Agent in 2023

    Peter Eubank

    Room Real Estate

    (831) 471-7330

    2 in this area

    81 Total Sales

    Peter Eubank
    Section Image
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Map

Source: MLSListings

MLS Number: ML81945153

MLSListings

APN: 038-074-22-000

California Santa Cruz County Aptos 95003

516 Harriet Ave, Aptos, CA

This home is located at 516 Harriet Ave, Aptos, CA 95003 since 16 October 2023 and is currently estimated at $1,103,679, approximately $750 per square foot. This property was built in 1963. 516 Harriet Ave is a home located in Santa Cruz County with nearby schools including Mar Vista Elementary School, Aptos Junior High School, and Aptos High School.

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