Seller's Agent in 2025
Jennifer Cosgrove
Intero Real Estate Services
(408) 930-8425
10 in this area
55 Total Sales
723 El Salto Dr Capitola, CA 95010
9
Beds
9
Baths
4,838
Sq Ft
0.83
Acres
Highlights
- Ocean View
- 0.83 Acre Lot
- 4 Car Detached Garage
- Main Street Elementary School Rated A-
- Traditional Architecture
- Dining Room
About This Home
As of May 2025This exceptional bluff-front property enhanced with a newer Carmel Style 4-car garage on Depot Hill in Capitola, offers an investment opportunity w/breathtaking views & close proximity to local attractions,, promising both prestige & tranquility. It includes a 4,838 sq ft -2-story 4-plex & a charming 495 sq ft 1 bedroom cottage, currently leased generating approx $25K in income, w/significant development potential. Zoned for both residential and bed and breakfast, it's a rare find in a prestigious area, w/potential for minor land division (in progress) and the development of 2 luxury homes w/ADU's or 4 condos with a house as just 2 possibilities. This picturesque setting offers expansive Monterey Bay views and marine life sightings. Near Capitola Village, it's a short walk to beaches, restaurants, shopping, and entertainment, offering a lifestyle of peace with community vibrancy. Just 26 miles from Silicon Valley, it's highly attractive in Santa Cruz County's market. An opportunity to own oceanfront property with development potential, this is an exceptional investment in a prime location. The value and potential of this property will increase significantly after the proposed lot split (currently inprogress) and the construction of apartments, condos or new homes with ADUs.
Last Agent to Sell the Property
Intero Real Estate Services License #01334273 Listed on: 02/29/2024
Property Details
Property Type
- Other
Year Built
- Built in 1956
Lot Details
- 0.83 Acre Lot
- Back Yard Fenced
- Level Lot
- May Be Possible The Lot Can Be Split Into 2+ Parcels
- Zoning described as R-1 and VS
Parking
- 4 Car Detached Garage
Property Views
- Ocean
- Bay
Home Design
- Traditional Architecture
- Cottage
- Shake Roof
- Composition Roof
Interior Spaces
- 4,838 Sq Ft Home
- 2-Story Property
- Dining Room
- Crawl Space
Bedrooms and Bathrooms
- 9 Bedrooms
- 9 Full Bathrooms
Additional Features
- 495 SF Accessory Dwelling Unit
- Wall Furnace
Community Details
Listing and Financial Details
- Assessor Parcel Number 036-143-35-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 29, 2024
Closed on
Apr 28, 2025
Sold by
Douglas D Dodds Revocable Trust and Dodds David
Bought by
Callero Living Trust and Callero
Seller's Agent
Jennifer Cosgrove
Intero Real Estate Services
Buyer's Agent
Joe William Callero
USA Realty and Loans
List Price
$7,998,000
Sold Price
$5,100,000
Premium/Discount to List
-$2,898,000
-36.23%
Views
42
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
-$141,772
Avg. Annual Appreciation
-4.31%
Purchase Details
Closed on
Aug 31, 2022
Sold by
Dodds Douglas
Bought by
Douglas D Dodds Revocable Trust
Purchase Details
Closed on
Jun 16, 2004
Sold by
Blodgett Robert G
Bought by
Dodds Douglas
Purchase Details
Closed on
Feb 24, 1999
Sold by
Greenfield Paul and The Greenfield Family Educatio
Bought by
Dodds Douglas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.78%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Oct 25, 1994
Sold by
Bemis Peggy J
Bought by
Dodds Douglas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,000
Interest Rate
8.92%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jan 31, 1994
Sold by
Hall Charles F and Hall Charles F
Bought by
Dodds Douglas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
7.1%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $5,100,000 | Equity Title | |
| Grant Deed | -- | Old Republic Title | |
| Grant Deed | -- | -- | |
| Grant Deed | -- | Santa Cruz Title Company | |
| Grant Deed | $285,000 | First American Title Co | |
| Grant Deed | -- | Santa Cruz Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $500,000 | Seller Take Back | |
| Previous Owner | $235,000 | Seller Take Back | |
| Previous Owner | $221,000 | Seller Take Back | |
| Closed | $40,000 | No Value Available | |
| Closed | $25,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $5,100,000 | -36.2% | $1,054 / Sq Ft |
| 02/08/2025 02/08/25 | Pending | -- | -- | -- |
| 02/29/2024 02/29/24 | For Sale | $7,998,000 | -- | $1,653 / 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 | $43,167 | $3,551,554 | $2,666,873 | $884,681 |
| 2023 | $42,190 | $3,413,643 | $2,563,315 | $850,328 |
| 2022 | $41,676 | $3,346,709 | $2,513,054 | $833,655 |
| 2021 | $40,321 | $3,249,950 | $2,463,778 | $786,172 |
| 2020 | $39,410 | $3,175,261 | $2,438,515 | $736,746 |
| 2019 | $38,264 | $3,093,393 | $2,390,701 | $702,692 |
| 2018 | $37,617 | $3,032,739 | $2,343,825 | $688,914 |
| 2017 | $37,084 | $2,973,272 | $2,297,867 | $675,405 |
| 2016 | $34,987 | $2,914,973 | $2,252,811 | $662,162 |
| 2015 | $34,435 | $2,871,188 | $2,218,972 | $652,216 |
| 2014 | $33,781 | $2,814,945 | $2,175,505 | $639,440 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Cosgrove
-
Joe William Callero
J
Buyer's Agent in 2025
Joe William Callero
USA Realty and Loans
(831) 278-2772
1 in this area
2 Total Sales
Map
Source: MLSListings
MLS Number: ML81990913
APN: 036-143-35-000
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