NOT LISTED FOR SALE

746 Martinelli St Watsonville, CA 95076

Estimated Value: $790,000 - $882,000

5 Beds
2 Baths
1,404 Sq Ft
$581/Sq Ft Est. Value

Sale Details

Date Sold: June 12, 2017

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

Est. 43% increase in value since last sale

Current estimated payment $5,060 / mo

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

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

Year Built

1952

Lot Details

9,409 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2017
Closed on
May 26, 2017
Sold by
Bought by
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
$815,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$245,086
Avg. Annual Appreciation
4.04%
Original Mortgage
$427,500
Outstanding Balance
$355,688
Interest Rate
4.03%
Mortgage Type
VA
Estimated Equity
$459,398

Purchase Details

Closed on
Sep 27, 2012
Sold by
Bought by

Purchase Details

Closed on
Aug 15, 2006
Sold by
Bought by

Purchase Details

Closed on
Jul 18, 2000
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$570,000 First American Title Company
-- None Available
-- None Available
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    16 in this area

    30 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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