NOT LISTED FOR SALE

775 Las Olas Dr Aptos, CA 95003

Estimated Value: $5,336,521 - $8,550,000

5 Beds
3 Baths
2,364 Sq Ft
$2,937/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $5,500,000 $2,327 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $42,110/month

52 Days on Market

Highlights

  • Ocean View
  • 0.22 Acre Lot
  • Dining Area
  • Aptos High School Rated A-
  • Forced Air Heating System
  • Wood Burning Fireplace

About This Home

As of October 2016

Originally designed by renowned San Francisco architects Porter and Steinwedell, this unique beachfront home has a living area that is both cooling and spirit lifting with upsweeping ceilings of exposed pale wood and woven willow. The master bedroom has its own spectacular piece of ocean to look at, as private as an island or a yacht. Step down to the sand and take leisurely walks at sunset to the famous Cement Ship at Seacliff Beach or to a quiet dinner at Rio Del Mar. With 5 Bedrooms, 3 Bathrooms and 2364 Square feet, it will comfortably sleep 16 and entertain dozens!

Last Agent to Sell the Property

Mark DeTar

Intero Real Estate Services License #01156251 Listed on: 07/12/2016

Intero Real Estate Services

Last Buyer's Agent

Bryan Speights

Coldwell Banker Realty License #00692690

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1966

Lot Details

  • 9,496 Sq Ft Lot
  • Zoning described as R-1-8

Property Views

  • Ocean
  • Bay

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,364 Sq Ft Home
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Dining Area

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces

Utilities

  • Forced Air Heating System
  • Wall Furnace

Community Details

  • Property has a Home Owners Association
  • Association fees include maintenance - road
  • Las Olas Homowners Association

Listing and Financial Details

  • Assessor Parcel Number 038-461-09-000

Home Details

Home Type

Single Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Subclass: Single Family Home
  • Listing Class: Residential
  • Structure Sq Ft: 2364
  • Year Built: 1966
  • Zoning Description: R-1-8
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Starter, Wood Burning
  • Dining Room: Dining Area
  • Living Sq Ft: 2364
  • Fireplaces Min: 1
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: Yes

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Bay, Ocean, Water

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Covered Parking
  • Carport Min: 2

Utilities

  • Heating System: Central Forced Air, Electric, Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 200
  • Association Fees Include: Maintenance - Road
  • H O A Name Text: Las Olas Homowners Association
  • H O A Exist: Yes

Lot Info

  • Parcel Number: 038-461-09-000
  • Lot Acres: 0.2180
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9496.08
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9496.08

Multi Family

  • Utilities: Natural Gas, Public Utilities

MLS Schools

  • High School District Text: Pajaro Valley Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2016
Closed on
Oct 24, 2016
Sold by
Bumb & Associates Llc
Bought by
Preston Joseph D
Seller's Agent
Mark DeTar
Intero Real Estate Services
Buyer's Agent
Bryan Speights
Coldwell Banker Realty
List Price
$5,750,000
Sold Price
$5,500,000
Premium/Discount to List
-$250,000
-4.35%
Current Estimated Value
$6,943,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,443,261
Avg. Annual Appreciation
2.58%
Original Mortgage
$3,000,000
Outstanding Balance
$1,408,306
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$5,534,955

Purchase Details

Closed on
Mar 28, 2016
Sold by
Bumb & Associates
Bought by
Bumb & Associate Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Preston Joseph D $5,500,000 Orange Coast Title Co Norcal
Bumb & Associate Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Joseph D $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2016 10/31/16 Sold $5,500,000 -4.3% $2,327 / Sq Ft
09/03/2016 09/03/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $5,750,000 -- $2,432 / 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 $68,789 $6,383,224 $5,936,398 $446,826
2023 $67,729 $6,135,355 $5,705,880 $429,475
2022 $66,528 $6,015,054 $5,594,000 $421,054
2021 $65,340 $5,897,112 $5,484,314 $412,798
2020 $64,345 $5,836,644 $5,428,079 $408,565
2019 $63,230 $5,722,200 $5,321,646 $400,554
2018 $61,608 $5,610,000 $5,217,300 $392,700
2017 $61,143 $5,500,000 $5,115,000 $385,000
2016 $16,452 $1,426,737 $1,149,316 $277,421
2015 $16,354 $1,405,306 $1,132,052 $273,254
2014 $15,985 $1,377,778 $1,109,877 $267,901
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Mark DeTar

    Intero Real Estate Services

    Section Image

  • B

    Buyer's Agent in 2016

    Bryan Speights

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81594786

MLSListings

APN: 038-461-09-000

California Santa Cruz County Aptos 95003

775 Las Olas Dr, Aptos, CA

Not Listed for Sale

Detached

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