NOT LISTED FOR SALE

517 Gertrude Ave Unit A Aptos, CA 95003

Estimated Value: $1,127,000 - $1,286,000

2 Beds
2 Baths
1,342 Sq Ft
$913/Sq Ft Est. Value

Last Sold October 23, 2017

Last sale price $769,000 $573 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $7,578/month

14 Days on Market

Highlights

  • Traditional Architecture
  • Wood Flooring
  • Double Pane Windows
  • Aptos High School Rated A-
  • 2 Car Attached Garage
  • Washer and Dryer

About This Home

As of October 2017

Rare opportunity to own a charming single level Duplex in the heart of Seacliff Beach! This well maintained, easy to keep rented investment property features two 1 bedroom, 1 bath generous sized units with hardwood floors, fireplaces, attached garages, private fenced yards & individual laundries. Terrific Aptos location just a short stroll to the wide sandy Seacliff beach, cement ship & fabulous whale watching! Endless possibilities include renting one unit and keeping one for your getaway. Enjoy the cool ocean breeze and relaxed beach ambiance of this popular vacation area. Great restaurants, shopping, and easy access to Highway 1 offers something for everyone. Benefit from the strong Santa Cruz County residential rental market. Hurry, won't last at this price.

Last Agent to Sell the Property

Deb Hoyt

Hoyt & Hufford License #00666318 Listed on: 08/29/2017

Last Buyer's Agent

Sandy Hockman

Christie's International Real Estate Sereno License #01398985

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,461

Year Built

  • 1961

Lot Details

  • 4,138 Sq Ft Lot
  • Fenced
  • Level Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,342 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Dishwasher
  • Washer and Dryer

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $40,200
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $100
  • Insurance Expense $869
  • Maintenance Expense $500
  • Utility Expense $604
  • Operating Expense $8,692
  • Gross Income $40,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,461

Year Built

1961

Lot Details

0

Parking

2

Listing Details

  • Zoning: RM-2.5
  • Subclass: Duplex
  • Style: Traditional
  • Age: 56
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1342
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Dishwasher
  • Living Sq Ft: 1342
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Tile, Vinyl / Linoleum

Exterior Features

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

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Pajaro Valley Unified

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0950
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4138.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4138.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 19.88
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 869
  • Expense Landscape: 100
  • Expense Maintenance: 500
  • Expenses Total: 8692
  • Expenses Utility: 604
  • Income Annual Gross: 40200.00
  • Income Annual Rental: 40200
  • Income Gross Scheduled: 40200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance - Repair, Services - Gardener
  • Tenant Expenses: Maintenance - Interior, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2017
Closed on
Oct 17, 2017
Sold by
Coren Ian M and Coren Ellen S
Bought by
Oltmanns Jessica
Seller's Agent
Deb Hoyt
Hoyt & Hufford
Buyer's Agent
Sandy Hockman
Christie's International Real Estate Sereno
List Price
$799,000
Sold Price
$769,000
Premium/Discount to List
-$30,000
-3.75%
Current Estimated Value
$1,224,942

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,942
Avg. Annual Appreciation
6.09%
Original Mortgage
$701,057
Outstanding Balance
$586,362
Interest Rate
3.78%
Mortgage Type
FHA
Estimated Equity
$638,580

Purchase Details

Closed on
Apr 2, 2014
Sold by
Coren Ian M and Coren Ellen S
Bought by
The Coren Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$289,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2013
Sold by
Coren Ian M and Coren Ellen S
Bought by
Coren Ian M and Coren Ellen S

Purchase Details

Closed on
Sep 3, 2010
Sold by
Moore William J and Moore Linda S
Bought by
Coren Ian M and Coren Ellen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,500
Interest Rate
4.35%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2004
Sold by
Moore William J and Moore Linda S
Bought by
Moore William J and Moore Linda S
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
Oltmanns Jessica $769,000 First American Title Company
The Coren Family Trust -- Old Republic Title Company
Coren Ian M -- None Available
Coren Ian M $430,000 Old Republic Title Company
Moore William J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oltmanns Jessica $33,905
Open Oltmanns Jessica $85,602
Open Oltmanns Jessica $701,057
Previous Owner Coren Ian M $270,000
Previous Owner The Coren Family Trust $289,000
Previous Owner Coren Ian M $322,500
Previous Owner Moore William J $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2017 10/23/17 Sold $769,000 -3.8% $573 / Sq Ft
09/13/2017 09/13/17 Pending -- -- --
08/29/2017 08/29/17 For Sale $799,000 -- $595 / 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 $11,461 $874,991 $682,698 $192,293
2023 $11,188 $841,014 $656,188 $184,826
2022 $10,920 $824,523 $643,321 $181,202
2021 $10,570 $808,356 $630,707 $177,649
2020 $10,377 $800,068 $624,240 $175,828
2019 $10,189 $784,380 $612,000 $172,380
2018 $9,900 $769,000 $600,000 $169,000
2017 $6,815 $474,681 $287,016 $187,665
2016 $6,620 $465,373 $281,388 $183,985
2015 $6,479 $458,382 $277,161 $181,221
2014 $6,312 $449,403 $271,732 $177,671
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81675810

MLSListings

APN: 038-073-05-000