NOT LISTED FOR SALE

746 Martinelli St Watsonville, CA 95076

Estimated Value: $683,000 - $958,000

5 Beds
2 Baths
1,404 Sq Ft
$590/Sq Ft Est. Value

Last Sold June 12, 2017

Last sale price $570,000 $406 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,983/month

43 Days on Market

Highlights

  • 2 Car Garage
  • Bungalow
  • Carpet

About This Home

As of June 2017

NEW REDUCED PRICE!!!! Two separate homes on one large lot! 746 Martinelli is a 3BR/1BA, with an attached garage, and 750 Martinelli is a 2 BR/1BA with a detached 1 car garage. Long term tenants hope to stay. Both homes have wood interiors, with a cabin-like feel. Separate back yards and individual meters. Owned by the same family for many years, this is a great investment opportunity!

Last Agent to Sell the Property

Lori Hoover

Bailey Properties License #00677874 Listed on: 03/12/2017

Co-Listed By

Hayley Hackett

Bailey Properties License #02002432

Last Buyer's Agent

Chuck Fischer

El Camino Realty License #00755878

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,736

Year Built

  • 1952

Lot Details

  • 9,409 Sq Ft Lot

Parking

  • 2 Car Garage
  • Varies By Unit
  • Garage Door Opener

Home Design

  • 1,404 Sq Ft Home
  • Duplex
  • Bungalow
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $31,800

Community Details

Overview

  • 1,404 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,090
  • Manager Expense $2,226
  • Operating Expense $5,186
  • Gross Income $31,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,736

Year Built

1952

Lot Details

0

Parking

2

Listing Details

  • Zoning: rm2
  • Subclass: Duplex
  • Style: Bungalow
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1404
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Living Sq Ft: 1404
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 5
  • Garage Parking Features: Attached Garage, Detached Garage, Gate / Door Opener, Varies By Unit

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Lot Info

  • Lot Acres: 0.2160
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9409.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9409.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.84
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1090
  • Expense Landscape: 1200
  • Expense Management: 2226
  • Expenses Total: 5186
  • Income Annual Gross: 31800.00
  • Income Annual Rental: 31800
  • Income Gross Scheduled: 31800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Other
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Insurance
  • Tenant Expenses: 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

Listed on
Mar 12, 2017
Closed on
May 26, 2017
Sold by
Grassi Dennis J and The Dennis J Grassi Trust
Bought by
Fischer Christopher P and Fischer Kathryn M
Seller's Agent
Lori Hoover
Bailey Properties
Buyer's Agent
Chuck Fischer
El Camino Realty
List Price
$635,000
Sold Price
$570,000
Premium/Discount to List
-$65,000
-10.24%
Current Estimated Value
$828,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$258,810
Avg. Annual Appreciation
4.57%
Original Mortgage
$427,500
Outstanding Balance
$355,688
Interest Rate
4.03%
Mortgage Type
VA
Estimated Equity
$473,122

Purchase Details

Closed on
Sep 27, 2012
Sold by
Grassl Dennis James
Bought by
Grassl Dennis J and Dennis J Grassl Trust

Purchase Details

Closed on
Aug 15, 2006
Sold by
Grassl Michael John
Bought by
Grassl Michael J and Grassl Family Trust

Purchase Details

Closed on
Jul 18, 2000
Sold by
Grass Loretta A
Bought by
Grassl Edward Joseph and Grassl Richard Michael
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
Fischer Christopher P $570,000 First American Title Company
Grassl Dennis J -- None Available
Grassl Michael J -- None Available
Grassl Edward Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fischer Christopher P $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2017 06/12/17 Sold $570,000 -4.8% $406 / Sq Ft
04/25/2017 04/25/17 Pending -- -- --
04/03/2017 04/03/17 Price Changed $599,000 -5.7% $427 / Sq Ft
03/12/2017 03/12/17 For Sale $635,000 -- $452 / 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 $7,736 $661,534 $464,234 $197,300
2023 $7,619 $635,846 $446,208 $189,638
2022 $7,484 $623,378 $437,458 $185,920
2021 $7,358 $611,155 $428,881 $182,274
2020 $7,254 $604,888 $424,483 $180,405
2019 $7,125 $593,028 $416,160 $176,868
2018 $6,946 $581,400 $408,000 $173,400
2017 $687 $40,725 $26,265 $14,460
2016 $670 $39,925 $25,750 $14,175
2015 $664 $39,325 $25,365 $13,960
2014 $650 $38,555 $24,870 $13,685
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lori Hoover

    Bailey Properties

    Section Image
  • Hayley Hackett

    Seller Co-Listing Agent in 2017

    Hayley Hackett

    Bailey Properties

    (831) 226-4800

    1 in this area

    11 Total Sales

    Hayley Hackett
    Section Image
  • Chuck Fischer

    Buyer's Agent in 2017

    Chuck Fischer

    El Camino Realty

    (831) 818-8148

    17 in this area

    32 Total Sales

    Chuck Fischer
    Section Image
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Map

Source: MLSListings

MLS Number: ML81642042

MLSListings

APN: 019-164-21-000

California Santa Cruz County Watsonville 95076

746 Martinelli St, Watsonville, CA

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