NOT LISTED FOR SALE

5175 Freedom Blvd Aptos, CA 95003

Aptos Hills-Larkin Valley Neighborhood

Estimated Value: $1,211,000 - $1,726,000

5 Beds
3 Baths
2,297 Sq Ft
$586/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $1,005,000 $438 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $8,064/month

63 Days on Market

Highlights

  • Horse Property
  • 2 Car Attached Garage
  • Lot Sloped Up
  • Aptos High School Rated A-
  • Ceiling Fan

About This Home

As of October 2020

Rich with history! Rare Triplex in near the intersection of Day Valley Rd.in Aptos. Originally reborn as a Roadhouse in 1923. Extensively renovated in 2020. This is a turn key property for multi generational living, income property, or live in the main unit and rent out the other two. Situated on almost an acre of land in a serene setting surrounded by greenery. Many level areas for possible additional building sites. Scenic trails trails throughout. Located a short distance to the public transit line for easy commuting. On-site coin-op laundry, 2 car garage with additional parking in front and large level area for play, parking or animals. Gas water heaters serve 2 units and electric on-demand water heaters serve the laundry and the smaller of the 2 one bedroom units. Projected rents: $2,600, $2,100 $1,600. The property was fully rented prior to renovation so look at projected rents to calculate cap rate. Please visit the web site www.5175freedom.com for more information.

Last Agent to Sell the Property

Kathleen Pasin

Christie's International Real Estate Sereno License #01396779 Listed on: 06/26/2020

Christie's International Real Estate Sereno

Last Buyer's Agent

Michael Temperino

Access Properties License #01449536

Property Details

Home Type

  • Multi-Family

Year Built

  • 1923

Lot Details

  • 0.97 Acre Lot
  • Lot Sloped Up

Parking

  • 2 Car Attached Garage

Home Design

  • Triplex
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,297 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laminate Flooring

Kitchen

  • Gas Oven
  • Dishwasher

Outdoor Features

  • Horse Property

Utilities

  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $75,000

Community Details

Overview

Building Details

  • Insurance Expense $2,255
  • Maintenance Expense $600
  • Utility Expense $1,150
  • Trash Expense $1,022
  • Operating Expense $12,124
  • Gross Income $75,602

Property Details

Home Type

Multi-Family

Year Built

1923

Lot Details

0

Parking

2

Listing Details

  • Zoning: RA
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2297
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1923

Interior Features

  • Kitchen: Countertop - Other, Dishwasher, Oven Range - Electric, Oven Range - Gas
  • Living Sq Ft: 2297
  • Stories: 2
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Rolled Composition
  • Horse Property: Yes
  • Construction Type: Wood

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Gas
  • Sewer/Septic System: Existing Septic, Septic Standard, Septic Tank / Pump

Schools

  • High School: 826

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Sloped Up
  • Lot Acres: 0.9720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 42340.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 42340.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 14.54

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 2255
  • Expense Maintenance: 600
  • Expenses Total: 12124
  • Expenses Utility: 1150
  • Expense Trash: 1022
  • Income Annual Gross: 75602.00
  • Income Annual Rental: 75000
  • Income Gross Scheduled: 75602
  • Income Includes: Rents
  • Income Other: 602
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, 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
Jun 26, 2020
Closed on
Sep 27, 2020
Sold by
Banister Gary A and Banister Janice D
Bought by
Vargas Eduardo Fernando and Varas Suzanne Silva
Seller's Agent
Kathleen Pasin
Christie's International Real Estate Sereno
Buyer's Agent
Michael Temperino
Access Properties
List Price
$1,099,000
Sold Price
$1,005,000
Premium/Discount to List
-$94,000
-8.55%
Current Estimated Value
$1,344,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,913
Avg. Annual Appreciation
5.71%
Original Mortgage
$653,250
Outstanding Balance
$581,031
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$763,882

Purchase Details

Closed on
Aug 20, 2018
Sold by
Banister Gary A and John R Banister Trust
Bought by
Banister Gary A and Banister Janice D

Purchase Details

Closed on
Mar 25, 2003
Sold by
Banister John R
Bought by
Banister John R and The John R Banister Trust

Purchase Details

Closed on
Feb 11, 2000
Sold by
Banister Gary A and Banister Janice D
Bought by
Banister Gary A and Banister Janice D

Purchase Details

Closed on
Sep 19, 1994
Sold by
Ferrari Enterprise
Bought by
Banister Gary A and Banister Janice D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.61%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Vargas Eduardo Fernando $1,005,000 First American Title Company
Banister Gary A -- None Available
Banister John R -- --
Banister Gary A -- --
Banister Gary A $205,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vargas Eduardo Fernando $653,250
Previous Owner Banister Gary A $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $1,005,000 -8.6% $438 / Sq Ft
08/29/2020 08/29/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $1,099,000 0.0% $478 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/26/2020 06/26/20 For Sale $1,099,000 -- $478 / 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 $12,207 $1,087,844 $736,054 $351,790
2023 $12,025 $1,045,602 $707,472 $338,130
2022 $11,818 $1,025,100 $693,600 $331,500
2021 $11,507 $1,005,000 $680,000 $325,000
2020 $6,382 $537,180 $285,123 $252,057
2019 $6,281 $526,646 $279,532 $247,114
2018 $6,135 $516,320 $274,051 $242,269
2017 $3,802 $296,708 $115,788 $180,920
2016 $3,709 $290,890 $113,518 $177,372
2015 $3,554 $286,520 $111,812 $174,708
2014 $3,485 $280,908 $109,622 $171,286
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Pasin

    Seller's Agent in 2020

    Kathleen Pasin

    Sereno Group

    (650) 450-1912

    23 Total Sales

    Kathleen Pasin
    Section Image
  • Michael Temperino

    Buyer's Agent in 2020

    Michael Temperino

    Access Properties

    (408) 316-5844

    6 Total Sales

    Michael Temperino
    Section Image
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Map

Source: MLSListings

MLS Number: ML81798493

MLSListings

APN: 108-021-24-000

California Santa Cruz County Aptos 95003 Aptos Hills-Larkin Valley

5175 Freedom Blvd, Aptos, CA

Not Listed for Sale

MultiFamily

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