NOT LISTED FOR SALE

606 Madison St Watsonville, CA 95076

Estimated Value: $438,000 - $636,000

2 Beds
2 Baths
896 Sq Ft
$635/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $590,000 $658 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,562/month

7 Days on Market

Highlights

  • Cottage
  • Double Pane Windows
  • Carpet

About This Home

As of January 2024

4 APN's on Madison - same owner, all for sale. Trust sale - sold as-is. Long term tenants. Lots of possibilities for investor or starter home - live in one, rent the other.

Last Agent to Sell the Property

Donna Ingraham

Century 21 A Property Shoppe License #00498014 Listed on: 10/11/2023

Century 21 A Property Shoppe

Last Buyer's Agent

Ella King

Tierra Real Estate License #01173417

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,021

Year Built

  • 1951

Lot Details

  • 2,483

Home Design

  • Duplex
  • Cottage
  • Composition Roof

Interior Spaces

  • 896 Sq Ft Home
  • Double Pane Windows

Flooring

  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Covered Parking
  • On-Street Parking

Additional Features

  • 2,483 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $26,520

Community Details

Overview

  • 896 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,500
  • Manager Expense $2,650
  • Operating Expense $4,765
  • Gross Income $26,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,021

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: Duplex
  • Subclass: Duplex
  • Style: Cottage
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 896
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 896
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Common Parking Area, On Street

Utilities

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

Lot Info

  • Lot Acres: 0.0570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2483.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2483.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.68
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Management: 2650
  • Expenses Total: 4765
  • Income Annual Gross: 26520.00
  • Income Annual Rental: 26520
  • Income Gross Scheduled: 26520
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Jan 24, 2024
Sold by
Coral A Fisher Trust
Bought by
Cervantes Ricardo and Avina Maria Guadalupe
Seller's Agent
Donna Ingraham
Century 21 A Property Shoppe
Buyer's Agent
Ella King
Tierra Real Estate
List Price
$575,000
Sold Price
$590,000
Premium/Discount to List
$15,000
2.61%
Views
48
Current Estimated Value
$568,736

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,264
Avg. Annual Appreciation
-2.06%
Original Mortgage
$501,500
Outstanding Balance
$492,724
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$76,012

Purchase Details

Listed on
Oct 11, 2023
Closed on
Dec 12, 2023
Sold by
Alcala Lizbeth Arely Fonseca
Bought by
Cervantes Ricardo
Seller's Agent
Donna Ingraham
Century 21 A Property Shoppe
Buyer's Agent
Ella King
Tierra Real Estate
List Price
$575,000
Sold Price
$590,000
Premium/Discount to List
$15,000
2.61%
Views
48

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$501,500
Outstanding Balance
$492,724
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$76,012

Purchase Details

Closed on
Jul 15, 2008
Sold by
Fisher Coral A
Bought by
Fisher Coral A and Coral A Fisher Trust
Source: Public Records

Range of Values:

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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
Cervantes Ricardo $590,000 Chicago Title
Cervantes Ricardo -- Chicago Title
Fisher Coral A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cervantes Ricardo $501,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $590,000 +2.6% $658 / Sq Ft
10/19/2023 10/19/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $575,000 -- $642 / 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 $7,021 $601,800 $489,600 $112,200
2023 $629 $32,936 $9,821 $23,115
2022 $615 $32,290 $9,629 $22,661
2021 $598 $31,657 $9,440 $22,217
2020 $592 $31,332 $9,343 $21,989
2019 $580 $30,718 $9,160 $21,558
2018 $564 $30,115 $8,980 $21,135
2017 $556 $29,527 $8,806 $20,721
2016 $542 $28,948 $8,633 $20,315
2015 $537 $28,513 $8,503 $20,010
2014 $525 $27,954 $8,336 $19,618
Source: Public Records

Agents Affiliated with this Home

  • Donna Ingraham

    Seller's Agent in 2024

    Donna Ingraham

    Century 21 A Property Shoppe

    (831) 320-2879

    5 in this area

    102 Total Sales

    Donna Ingraham
    Section Image
  • Ella King

    Buyer's Agent in 2024

    Ella King

    Tierra Real Estate

    (408) 209-7577

    20 in this area

    74 Total Sales

    Ella King
    Section Image
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Map

Source: MLSListings

MLS Number: ML81944728

MLSListings

APN: 019-053-28-000

California Santa Cruz County Watsonville 95076

606 Madison St, Watsonville, CA

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