NOT LISTED FOR SALE

7 Monte Vista Ave Watsonville, CA 95076

Estimated Value: $648,000 - $1,016,000

4 Beds
2 Baths
1,872 Sq Ft
$466/Sq Ft Est. Value

Last Sold May 09, 2017

Last sale price $595,000 $318 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,237/month

2 Days on Market

Highlights

  • Traditional Architecture
  • Double Pane Windows
  • Tile Flooring
  • 3 Car Attached Garage
  • Storage Room
  • Fenced

About This Home

As of May 2017

Well maintained duplex with long time tenants. 2 bedroom 1 bath units w/ 3 car garage. Hook-ups for washer/dryer. Shared back yard. Close to shopping and school.

Last Agent to Sell the Property

Peggy Youmans

Capital Financial Realty License #00933548 Listed on: 02/07/2017

Last Buyer's Agent

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,990

Year Built

  • 1949

Lot Details

  • 6,839 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 3 Car Attached Garage

Home Design

  • Duplex
  • Traditional Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,872 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Storage Room
  • Washer and Dryer Hookup
  • Gas Oven

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,495
  • Maintenance Expense $2,400
  • Operating Expense $7,820
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,990

Year Built

1949

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1872
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 1872
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

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

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Acres: 0.1570
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6839.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6839.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.25
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1495
  • Expense Maintenance: 2400
  • Expenses Total: 7820
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Maintenance - Repair
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2018
Sold by
Palomino Armando T
Bought by
Palomino Armando and Palomino Virginia
Current Estimated Value
$873,181

Purchase Details

Listed on
Feb 7, 2017
Closed on
May 4, 2017
Sold by
Palomino Virginia
Bought by
Palomino Armando T
Seller's Agent
Peggy Youmans
Capital Financial Realty
Buyer's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
List Price
$585,000
Sold Price
$595,000
Premium/Discount to List
$10,000
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.63%
Original Mortgage
$446,250
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2017
Closed on
Mar 20, 2017
Sold by
Mason Jean Ann and The Revocable Jean Ann Mason 2
Bought by
Palomino Armando T
Seller's Agent
Peggy Youmans
Capital Financial Realty
Buyer's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
List Price
$585,000
Sold Price
$595,000
Premium/Discount to List
$10,000
1.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$446,250
Interest Rate
4.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 8, 2011
Sold by
Mason Jean Ann
Bought by
Mason Jean Ann and Revocable Jean Ann Mason 2006

Purchase Details

Closed on
Oct 6, 2010
Sold by
Mason Dwain Bruce
Bought by
Mason Jean Ann

Purchase Details

Closed on
Aug 23, 2010
Sold by
Museitef Shawkat
Bought by
Huckaby Charles J

Purchase Details

Closed on
Oct 31, 2003
Sold by
Museitef Zahia
Bought by
Museitef Shawkat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2003
Sold by
Rocha Jose and Rocha Consuelo Z
Bought by
Museitef Shawkat

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
5.87%
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
Palomino Armando -- None Available
Palomino Armando T -- First American Title Company
Palomino Armando T $595,000 First American Title Company
Mason Jean Ann -- None Available
Mason Jean Ann -- None Available
Huckably Charles J -- None Available
Huckaby Charles J $300,000 Stewart Title Of California
Museitef Shawkat -- Santa Cruz Title Company
Museitef Shawkat $620,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palomino Armando T $446,250
Previous Owner Museitef Shawkat $496,000
Closed Museitef Shawkat $93,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2017 05/09/17 Sold $595,000 +1.7% $318 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
02/07/2017 02/07/17 For Sale $585,000 -- $313 / 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 $7,990 $690,549 $446,826 $243,723
2023 $7,870 $663,734 $429,475 $234,259
2022 $7,733 $650,720 $421,054 $229,666
2021 $7,605 $637,960 $412,798 $225,162
2020 $7,496 $631,419 $408,565 $222,854
2019 $7,365 $619,038 $400,554 $218,484
2018 $7,180 $606,900 $392,700 $214,200
2017 $4,030 $331,172 $198,703 $132,469
2016 $3,925 $324,679 $194,807 $129,872
2015 $3,912 $319,802 $191,881 $127,921
2014 $3,828 $313,537 $188,122 $125,415
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Peggy Youmans

    Capital Financial Realty

    Section Image
  • Raeid Farhat

    Buyer's Agent in 2017

    Raeid Farhat

    Raeid Farhat Real Estate Inc

    (831) 840-3902

    52 in this area

    119 Total Sales

    Raeid Farhat
    Section Image
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Map

Source: MLSListings

MLS Number: ML81638042

MLSListings

APN: 018-521-17-000

California Santa Cruz County Watsonville 95076

7 Monte Vista Ave, Watsonville, CA

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