NOT LISTED FOR SALE

524 Hanover St Santa Cruz, CA 95062

Upper Seabright Neighborhood
6 Beds
5 Baths
2,416 Sq Ft
0.25 Acres

Last Sold August 04, 2020

Last sale price $1,661,000 $688 Per Sq Ft

69 Days on Market

Highlights

  • Victorian Architecture
  • Forced Air Heating System
  • Carpet
  • Mission Hill Middle School Rated A-

About This Home

As of August 2020

This is a rare investment opportunity with multiple options! Live in one home and rent the other two homes, rent out all three homes, or create a family compound. These three charming and unique stand-alone homes are thoughtfully positioned on a large lot in the heart of Seabright. Each home enjoys a private yard, and its own garage. All of the homes have been carefully maintained, and each home has its own utility meter and water supply. The front home was built around the 1880s, and it is a 2 bedroom, 1 1/2 bathroom Victorian that has been lovingly restored. The middle home was built in 1978, and has two bedrooms, one bath. The back home has 2 bedrooms, a den, and 1 1/2 bathrooms. Most of the back home was rebuilt in 2008 after a fire. Walk or bike to the beach, the harbor, parks, schools, and countless shops and restaurants. This property has a strong long-term rental history! Seas the day, and this rare investment opportunity! *buyer to verify SQ FT of each home.

Last Agent to Sell the Property

Tana Widdows

Bailey Properties License #02015146 Listed on: 04/24/2020

Last Buyer's Agent

Alex Johnson

David Lyng Real Estate License #01029037

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 0.25 Acre Lot

Parking

  • 3 Car Garage
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Victorian Architecture
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,416 Sq Ft Home
  • Carpet

Utilities

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

Listing and Financial Details

  • Total Actual Rent $99,000

Community Details

Overview

  • 2,416 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $3,000
  • Maintenance Expense $3,000
  • Operating Expense $24,000
  • Gross Income $99,000

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Parking

3

Listing Details

  • Zoning: Multi Family Dwelling
  • Subclass: Multiple Dwellings / Structures
  • Style: Victorian
  • Age: 120
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2416
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Living Sq Ft: 2416
  • Flooring: Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.2530
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11021.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11021.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.92
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3000
  • Expense Maintenance: 3000
  • Expenses Total: 24000
  • Income Annual Gross: 99000.00
  • Income Annual Rental: 99000
  • Income Gross Scheduled: 99000
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Maintenance - Capital Improvements
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2020 08/04/20 Sold $1,661,000 -0.8% $688 / Sq Ft
07/03/2020 07/03/20 Pending -- -- --
06/18/2020 06/18/20 Price Changed $1,675,000 -4.3% $693 / Sq Ft
05/19/2020 05/19/20 Price Changed $1,750,000 -4.4% $724 / Sq Ft
04/24/2020 04/24/20 For Sale $1,830,000 -- $757 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tana Widdows

    Bailey Properties

  • Alex Johnson

    Buyer's Agent in 2020

    Alex Johnson

    David Lyng Real Estate

    (831) 234-5754

    2 in this area

    35 Total Sales

    Alex Johnson
    Section Image
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Map

Source: MLSListings

MLS Number: ML81790222

MLSListings

APN: 010-091-03

California Santa Cruz County Santa Cruz 95062 Upper Seabright

524 Hanover St, Santa Cruz, CA

This home is located at 524 Hanover St, Santa Cruz, CA 95062 since 24 April 2020. This property was built in 1900. 524 Hanover St is a home located in Santa Cruz County with nearby schools including Gault Elementary School, Mission Hill Middle School, and Harbor High School.

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