Seller's Agent in 2022
Dave Mann
Coldwell Banker Realty
(831) 688-6461
1 in this area
30 Total Sales
617 Capitola Ave Capitola, CA 95010
Estimated Value: $2,604,935
1
Bed
3
Baths
3,600
Sq Ft
$724/Sq Ft
Est. Value
Highlights
- Solar Power System
- Deck
- Skylights in Kitchen
- Mission Hill Middle School Rated A-
- High Ceiling
- Enclosed Patio or Porch
About This Home
As of December 2022Above the picturesque village of Capitola. This property was a home built in the 1930's. There was a second story added in 1987. The building was renovated in 2010. The first level is a dental office, featuring five exam rooms. The lobby has a fireplace with an antique mantle. There is an x-ray room and full bathroom. The second level features a large space serving as a kitchen, conference and dining area, plus an updated full bath, two offices, and two, south facing, decks. Second level could be converted to a living area (2 bedrooms, kitchen-dining and bathroom). Also a large one bedroom unit, with a sunny deck. The property also has a detached dental lab. There are 7 open parking spaces, a carport and a 2 car garage. The solar panels are owned and cover approximately 93% of the utility bill. Great opportunity for mixed use or full residential with an ADU. Just blocks to Highway 1 and only minutes to the beach, shopping and dining. The dental business is not included in the purchase.
Property Details
Home Type
- Multi-Family
Year Built
- 1987
Lot Details
- 7,667 Sq Ft Lot
- Grass Covered Lot
Parking
- 2 Car Attached Garage
- 1 Carport Space
- Guest Parking
Home Design
- Slab Foundation
- Ceiling Insulation
- Composition Roof
Interior Spaces
- 3,600 Sq Ft Home
- 2-Story Property
- High Ceiling
- Skylights in Kitchen
- Triple Pane Windows
- Double Pane Windows
- Storage Room
- Washer and Dryer
Kitchen
- Oven or Range
- Microwave
Flooring
- Carpet
- Tile
- Vinyl
Eco-Friendly Details
- Solar Power System
- Solar Heating System
Outdoor Features
- Deck
- Enclosed Patio or Porch
Utilities
- Radiant Heating System
Listing and Financial Details
- Total Actual Rent $139,181
Community Details
Overview
- 3,600 Sq Ft Building
Building Details
- 3 Leased Units
- Gardener Expense $3,000
- Insurance Expense $4,089
- Other Expense $5,077
- Utility Expense $3,804
- Trash Expense $360
- Operating Expense $26,568
- Gross Income $139,181
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 26, 2022
Closed on
Dec 22, 2022
Sold by
Coyote Ridge Trust
Bought by
Seacap Holdings Llc
Seller's Agent
Dave Mann
Coldwell Banker Realty
Buyer's Agent
BB Wong
Brubeck-Wong Realtors
List Price
$3,276,900
Sold Price
$2,600,000
Premium/Discount to List
-$676,900
-20.66%
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,935
Avg. Annual Appreciation
0.34%
Original Mortgage
$1,680,000
Outstanding Balance
$1,630,777
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$995,815
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Seacap Holdings Llc | $2,600,000 | Old Republic Title | |
| Coyote Ridge Trust | -- | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Seacap Holdings Llc | $1,680,000 | |
| Closed | Seacap Holdings Llc | $390,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/23/2022 12/23/22 | Sold | $2,600,000 | -20.7% | $722 / Sq Ft |
| 11/06/2022 11/06/22 | Pending | -- | -- | -- |
| 09/26/2022 09/26/22 | For Sale | $3,276,900 | -- | $910 / Sq Ft |
Source: MLSListings
Tax History Compared to Growth
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 | $30,650 | $2,705,040 | $1,768,680 | $936,360 |
| 2023 | $11,219 | $642,067 | $294,089 | $347,978 |
| 2022 | $11,101 | $629,478 | $288,323 | $341,155 |
| 2021 | $10,065 | $617,135 | $282,670 | $334,465 |
| 2020 | $10,238 | $610,807 | $279,771 | $331,036 |
| 2019 | $9,611 | $598,830 | $274,285 | $324,545 |
| 2018 | $8,936 | $587,088 | $268,907 | $318,181 |
| 2017 | $8,516 | $575,578 | $263,634 | $311,944 |
| 2016 | $7,555 | $564,292 | $258,465 | $305,827 |
| 2015 | $7,270 | $555,816 | $254,583 | $301,233 |
| 2014 | $7,403 | $544,928 | $249,596 | $295,332 |
Source: Public Records
Agents Affiliated with this Home
-
Dave Mann
-
Paul Zech
Seller Co-Listing Agent in 2022
Paul Zech
Coldwell Banker Realty
(831) 247-3007
1 in this area
94 Total Sales
-
BB Wong
Buyer's Agent in 2022
BB Wong
Brubeck-Wong Realtors
(831) 818-2300
2 in this area
9 Total Sales
Map
Source: MLSListings
MLS Number: ML81908536
APN: 035-301-10-000
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