NOT LISTED FOR SALE

640 Sumner St Santa Cruz, CA 95062

Upper Seabright Neighborhood

Estimated Value: $2,746,000 - $3,281,000

8 Beds
8 Baths
3,926 Sq Ft
$780/Sq Ft Est. Value

Last Sold August 01, 2016

Last sale price $1,840,000 $469 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $18,260/month

25 Days on Market

Highlights

  • Traditional Architecture
  • Granite Countertops
  • Laundry Room
  • Mission Hill Middle School Rated A-
  • 4 Car Attached Garage
  • Storage Room

About This Home

As of August 2016

Legal 4-Plex in the heart of the sought after Seabright! Walk or bike to beach, harbor, parks, schools, and countless Midtown shops and restaurants. Built in 1972 on a 9,714 sq. ft. corner lot, all 4 units are approximately 981 sq ft with 2BR/1.5BA floor plans plus two shared 2-car garages and a coin operated laundry room. 3 of the 4 units are rented at market rates and the fourth unit has undergone recent and extensive remodeling, including updates in kitchen and bathrooms. Great for an investor or owner investor, having one unit with large private yard and separate off-street parking space big enough for RV or boat storage. First time on the market in years for this great investment opportunity in an ideal Seabright location.

Last Agent to Sell the Property

Lela Willet

Anderson Christie, Inc. License #00963701 Listed on: 06/21/2016

Co-Listed By

Jacob Z Willet

Anderson Christie, Inc. License #01441640

Last Buyer's Agent

Katrin Tobin

Coldwell Banker Realty License #01356724

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,464

Year Built

  • 1972

Lot Details

  • 9,714 Sq Ft Lot
  • Back Yard

Parking

  • 4 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Quadruplex
  • Traditional Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,926 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Electric Oven
  • Range Hood
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $121,200
  • Month-to-Month Lease Term

Community Details

Building Details

  • 3 Leased Units
  • Insurance Expense $2,737
  • Maintenance Expense $5,000
  • Utility Expense $300
  • Trash Expense $4,920
  • Operating Expense $36,351
  • Gross Income $121,200

Additional Features

  • 3,926 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,464

Year Built

1972

Lot Details

0

Parking

4

Listing Details

  • Zoning: RL
  • Subclass: Fourplex
  • Style: Traditional
  • Age: 44
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3926
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Formica, Countertop - Granite, Countertop - Tile, Dishwasher, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 3926
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street, Room For Oversized Vehicle

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Santa Cruz City High
  • Elementary School: Gault Elementary
  • Middle School: Branciforte Middle School
  • High School: Harbor High
  • High School: 851
  • Elementary School: 844
  • Middle School: 37459

Lot Info

  • Lot Acres: 0.2230
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9713.88
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9713.88

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 16.08
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2737
  • Expense Maintenance: 5000
  • Expenses Total: 36351
  • Expenses Utility: 300
  • Expense Trash: 4920
  • Income Annual Gross: 121200.00
  • Income Annual Rental: 121200
  • Income Gross Scheduled: 121200
  • Income Includes: Coin Operated Equip, Rents, Storage Area
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Laundry, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 14, 2016
Sold by
Bruni Rossana and Eisendorf Bruce
Bought by
Bruni Rossana and Eisendorf Bruce
Current Estimated Value
$3,060,356

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,089,000
Outstanding Balance
$878,958
Interest Rate
3.42%
Mortgage Type
New Conventional
Estimated Equity
$2,084,281

Purchase Details

Listed on
Jun 21, 2016
Closed on
Jul 22, 2016
Sold by
Sumner & Surfside Llc
Bought by
The Eisendorf Bruni Family Trust
Seller's Agent
Lela Willet
Anderson Christie, Inc.
Buyer's Agent
Katrin Tobin
Coldwell Banker Realty
List Price
$1,949,500
Sold Price
$1,840,000
Premium/Discount to List
-$109,500
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.36%

Purchase Details

Closed on
Jul 18, 2015
Sold by
Knapp Larry C and Knapp Marie L
Bought by
Sumner & Surfside Llc

Purchase Details

Closed on
Jun 28, 2012
Sold by
Sumner & Surfside Llc
Bought by
Knapp Larry C and Knapp Marie L

Purchase Details

Closed on
Jul 20, 2004
Sold by
Knapp Larry C and Knapp Marie L
Bought by
Sumner & Surfside Llc

Purchase Details

Closed on
Apr 14, 2004
Sold by
Knapp Loren J
Bought by
Knapp Larry C and Knapp Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
5.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 1999
Sold by
Knapp Living Trust Knapp Larry Carl & Marie L and Knapp Loren J
Bought by
Sumner & Surfside Llc

Purchase Details

Closed on
Mar 27, 1998
Sold by
Weinberg John O
Bought by
Knapp Larry C and Knapp Marie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$349,300
Interest Rate
7.06%
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
Bruni Rossana -- Old Republic Title Company
The Eisendorf Bruni Family Trust $1,840,000 Old Republic Title Company
Sumner & Surfside Llc -- None Available
Knapp Larry C -- Stewart Title Of California
Sumner & Surfside Llc -- --
Knapp Loren -- --
Knapp Larry C -- --
Knapp Larry C -- --
Sumner & Surfside Llc -- --
Knapp Loren J -- --
Knapp Larry C -- --
Knapp Larry C $499,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruni Rossana $1,089,000
Previous Owner Knapp Larry C $475,000
Previous Owner Knapp Larry C $349,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2016 08/01/16 Sold $1,840,000 -5.6% $469 / Sq Ft
07/17/2016 07/17/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $1,949,500 -- $497 / 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 $23,464 $2,135,478 $1,160,586 $974,892
2023 $23,176 $2,052,556 $1,115,520 $937,036
2022 $22,913 $2,012,308 $1,093,646 $918,662
2021 $22,430 $1,972,852 $1,072,202 $900,650
2020 $22,252 $1,952,622 $1,061,208 $891,414
2019 $21,784 $1,914,336 $1,040,400 $873,936
2018 $21,534 $1,876,800 $1,020,000 $856,800
2017 $21,254 $1,840,000 $1,000,000 $840,000
2016 $7,898 $673,084 $296,751 $376,333
2015 $7,562 $662,974 $292,294 $370,680
2014 $7,436 $649,987 $286,568 $363,419
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lela Willet

    Anderson Christie, Inc.

    (831) 818-6658

    Lela Willet
    Section Image

  • J

    Seller Co-Listing Agent in 2016

    Jacob Z Willet

    Anderson Christie, Inc.

    Section Image

  • K

    Buyer's Agent in 2016

    Katrin Tobin

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81591606

MLSListings

APN: 011-122-22-000

California Santa Cruz County Santa Cruz 95062 Upper Seabright

640 Sumner St, Santa Cruz, CA

This home is located at 640 Sumner St, Santa Cruz, CA 95062 since 21 June 2016 and is currently estimated at $3,060,356, approximately $779 per square foot. This property was built in 1972. 640 Sumner 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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