NOT LISTED FOR SALE

Estimated Value: $1,704,000 - $1,876,903

4 Beds
2 Baths
2,079 Sq Ft
$858/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $1,870,000 $899 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $10,907/month

64 Days on Market

Highlights

  • Tile Flooring
  • Mission Hill Middle School Rated A-
  • Washer and Dryer

About This Home

As of September 2023

2 single family homes on 1 lot, this property offers many possibilities for multigenerational living, or live in one home while renting out the other, or a great investment opportunity to rent out both. Located in one of the most sought after neighborhoods in Santa Cruz, this 2 bedroom, 2 bathroom main home features an expansive open floor plan with vaulted ceilings, tons of natural sunlight with plenty of room for relaxation and entertainment. This home is privately located towards the back of the property. The second home is a Spanish style 2 bedroom, 1 bath with plenty of charm and character. With the potential for rental income from one or both of the homes, and a short distance from the best beaches, shopping, dining, and entertainment in Santa Cruz, this property truly offers a rare ownership possibility. Whether you're looking to add to your real estate portfolio or simply want to enjoy the benefits of owning a unique and charming property, this is a fantastic choice.

Last Agent to Sell the Property

Anderson Christie

Anderson Christie, Inc. License #01894395 Listed on: 04/26/2023

Co-Listed By

David Anderson

Anderson Christie, Inc. License #01819137

Last Buyer's Agent

Alistair Craft

Christie's International Real Estate Sereno License #01402715

Christie's International Real Estate Sereno

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,226

Year Built

  • 1934

Lot Details

  • 7,492

Home Design

  • 2,079 Sq Ft Home
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Additional Features

  • Washer and Dryer
  • 7,492 Sq Ft Lot

Listing and Financial Details

  • Total Actual Rent $84,000

Community Details

Overview

  • 2,079 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,500
  • Maintenance Expense $1,200
  • Operating Expense $24,700
  • Gross Income $84,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,226

Year Built

1934

Lot Details

0

Listing Details

  • Zoning: RL
  • Subclass: Multiple Dwellings / Structures
  • Age: 89
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2079
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Living Sq Ft: 2079
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Clay, Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Off-Street Parking, On Street

Utilities

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

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Acres: 0.1720
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7492.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7492.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 22.50
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2500
  • Expense Maintenance: 1200
  • Expenses Total: 24700
  • Income Annual Gross: 84000.00
  • Income Annual Rental: 84000
  • Income Gross Scheduled: 84000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2023
Closed on
Sep 11, 2023
Sold by
Anderson Graham and Anderson Teresa
Bought by
Anderson 2001 Revocable Trust and Anderson
Seller's Agent
Anderson Christie
Anderson Christie, Inc.
Buyer's Agent
Alistair Craft
Christie's International Real Estate Sereno
List Price
$1,980,000
Sold Price
$1,870,000
Premium/Discount to List
-$110,000
-5.56%
Views
160
Current Estimated Value
$1,784,226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$85,774
Avg. Annual Appreciation
-2.38%
Original Mortgage
$930,000
Outstanding Balance
$910,507
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$873,719

Purchase Details

Listed on
Apr 26, 2023
Closed on
Aug 30, 2023
Sold by
Unknown
Bought by
Anderson Graham and Anderson Teresa
Seller's Agent
Anderson Christie
Anderson Christie, Inc.
Buyer's Agent
Alistair Craft
Christie's International Real Estate Sereno
List Price
$1,980,000
Sold Price
$1,870,000
Premium/Discount to List
-$110,000
-5.56%
Views
160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Outstanding Balance
$910,507
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$873,719

Purchase Details

Listed on
Sep 4, 2018
Closed on
Feb 22, 2019
Sold by
Johnson Aleta Louise
Bought by
Lieber Allison
Seller's Agent
Jim Charlton Furlong
Bailey Properties
Buyer's Agent
Anderson Christie
Anderson Christie, Inc.
List Price
$1,289,000
Sold Price
$1,153,000
Premium/Discount to List
-$136,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.29%
Original Mortgage
$922,400
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2003
Sold by
Johnson Joey
Bought by
Johnson Aleta Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
5.96%
Mortgage Type
Purchase Money Mortgage
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
Anderson 2001 Revocable Trust -- Old Republic Title Company
Anderson Graham $1,870,000 Old Republic Title Company
Lieber Allison $1,153,000 First American Title Company
Johnson Aleta Louise -- --
Johnson Aleta Louise -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Graham $930,000
Previous Owner Lieber Allison $922,400
Previous Owner Johnson Aleta Louise $175,000
Previous Owner Johnson Aleta Louise $110,000
Previous Owner Bindl Aleta $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2023 09/05/23 Sold $1,870,000 -1.1% $899 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/19/2023 06/19/23 Price Changed $1,890,000 -4.5% $909 / Sq Ft
04/26/2023 04/26/23 For Sale $1,980,000 +71.7% $952 / Sq Ft
02/27/2019 02/27/19 Sold $1,153,000 -7.8% $555 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
09/20/2018 09/20/18 Price Changed $1,250,000 -3.0% $601 / Sq Ft
09/04/2018 09/04/18 For Sale $1,289,000 -- $620 / 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 $14,226 $1,907,400 $1,519,800 $387,600
2023 $14,129 $1,236,249 $857,762 $378,487
2022 $13,970 $1,212,009 $840,943 $371,066
2021 $13,678 $1,188,244 $824,454 $363,790
2020 $13,620 $1,176,060 $816,000 $360,060
2019 $3,148 $239,158 $80,350 $158,808
2018 $3,022 $234,469 $78,775 $155,694
2017 $2,987 $229,870 $77,229 $152,641
2016 $2,837 $225,363 $75,715 $149,648
2015 $2,693 $221,978 $74,578 $147,400
2014 $2,651 $217,630 $73,117 $144,513
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81925887

MLSListings

APN: 011-122-14-000