NOT LISTED FOR SALE

808 Balboa Ave Capitola, CA 95010

Estimated Value: $2,162,000 - $3,222,000

8 Beds
8 Baths
4,944 Sq Ft
$540/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2021

Last sale price $2,540,000 $514 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $16,949 / mo

220 Days on Market

Highlights

  • 0.23 Acre Lot
  • Contemporary Architecture
  • Carpet
  • Main Street Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of May 2021

We are BACK on THE MARKET! Ready to own an investment property in the esteemed quaint village of Capitola? One block from complete ocean view, that encompasses trail, an easy walk to Capitola Village, and a quick drive (half-mile) for highway access on to Hwy 1. Or, bike to Cabrillo and more! 4 plex of contemporary style - atrium type patio for each unit, and EACH has TWO bedrooms, TWO baths, water heater, washer and dryer hookups. Quiet and wonderfully private! You haven't heard of Capitola? Take an internet search tour. One of the quaintest and popular spots on the coast. Artsy, kickback, and sought after to live or play. Opportunity knocks! LOCATION - LOCATION - LOCATION!

Last Agent to Sell the Property

Pamela Easton

CENTURY 21 Masters License #01228861 Listed on: 08/10/2020

CENTURY 21 Masters

Last Buyer's Agent

Lonna Berry

TSG Premier Realty License #01494863

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 9,801 Sq Ft Lot

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Tar and Gravel Roof

Interior Spaces

  • 4,944 Sq Ft Home
  • Crawl Space
  • Security Lights
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Disposal

Flooring

  • Carpet
  • Laminate

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces
  • Assigned Parking

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $148,500
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,440
  • Insurance Expense $2,840
  • Maintenance Expense $3,000
  • Other Expense $2,392
  • Utility Expense $70
  • Trash Expense $102
  • Operating Expense $28,955
  • Gross Income $147,015

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

9,801 Sq Ft Lot

Listing Details

  • Zoning: MH
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4944
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0
  • Year Built: 1964

Interior Features

  • Kitchen: Garbage Disposal, Oven - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 4944
  • Security: Security Lights
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Sealed Crawlspace
  • Roof: Tar And Gravel
  • Construction Type: Wood

Garage/Parking

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

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.2250
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9801.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9801.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.50
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2840
  • Expense Landscape: 1440
  • Expense Maintenance: 3000
  • Expenses Other: 2392
  • Expenses Total: 28955
  • Expenses Utility: 70
  • Expense Trash: 102
  • Income Annual Gross: 147015.00
  • Income Annual Rental: 148500
  • Income Gross Scheduled: 148500
  • Income Includes: Rents
  • Meters: Master Gas, Separate Common Area, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1

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
Aug 10, 2020
Closed on
May 20, 2021
Sold by
Bought by
Seller's Agent
Pamela Easton
CENTURY 21 Masters
Buyer's Agent
Lonna Berry
TSG Premier Realty
List Price
$2,650,000
Sold Price
$2,540,000
Premium/Discount to List
-$110,000
-4.15%
Current Estimated Value
$2,670,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,000
Avg. Annual Appreciation
1.00%
Original Mortgage
$1,340,000
Outstanding Balance
$1,214,375
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,455,625

Purchase Details

Listed on
Aug 10, 2020
Closed on
May 14, 2021
Sold by
Bought by
Seller's Agent
Pamela Easton
CENTURY 21 Masters
Buyer's Agent
Lonna Berry
TSG Premier Realty
List Price
$2,650,000
Sold Price
$2,540,000
Premium/Discount to List
-$110,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Outstanding Balance
$1,214,375
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,455,625

Purchase Details

Listed on
Aug 10, 2020
Closed on
Apr 6, 2021
Sold by
Bought by
Seller's Agent
Pamela Easton
CENTURY 21 Masters
Buyer's Agent
Lonna Berry
TSG Premier Realty
List Price
$2,650,000
Sold Price
$2,540,000
Premium/Discount to List
-$110,000
-4.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,340,000
Outstanding Balance
$1,214,375
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,455,625

Purchase Details

Closed on
Mar 11, 2013
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$801,900
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2002
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
-- --
$2,540,000 Stewart Title Of Ca Inc
-- Stewart Title Of Ca Inc
-- --
-- Stewart Title Of Ca Inc
-- Stewart Title Of Ca Inc
-- Accommodation
-- Old Republic Title Company
-- --
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 $1,340,000
Previous Owner $801,900
Previous Owner $980,000
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
05/20/2021 05/20/21 Sold $2,540,000 -2.3% $514 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/17/2021 03/17/21 Price Changed $2,599,000 -1.9% $526 / Sq Ft
03/17/2021 03/17/21 For Sale $2,650,000 0.0% $536 / Sq Ft
01/25/2021 01/25/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $2,650,000 0.0% $536 / Sq Ft
01/15/2021 01/15/21 Price Changed $2,650,000 +4.3% $536 / Sq Ft
10/30/2020 10/30/20 Off Market $2,540,000 -- --
10/04/2020 10/04/20 Price Changed $2,800,000 -3.4% $566 / Sq Ft
09/14/2020 09/14/20 For Sale $2,900,000 0.0% $587 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
08/10/2020 08/10/20 For Sale $2,900,000 -- $587 / 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 $33,342 $2,749,377 $1,558,702 $1,190,675
2023 $32,587 $2,642,616 $1,498,176 $1,144,440
2022 $32,185 $2,590,800 $1,468,800 $1,122,000
2021 $5,981 $233,024 $55,857 $177,167
2020 $5,836 $230,634 $55,284 $175,350
2019 $5,699 $226,112 $54,200 $171,912
2018 $5,520 $221,679 $53,138 $168,541
2017 $5,399 $217,332 $52,095 $165,237
2016 $5,141 $213,071 $51,074 $161,997
2015 $4,783 $209,871 $50,307 $159,564
2014 $4,631 $205,760 $49,322 $156,438
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pamela Easton

    CENTURY 21 Masters

    Section Image

  • L

    Buyer's Agent in 2021

    Lonna Berry

    TSG Premier Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81805393

MLSListings

APN: 036-183-09-000

California Santa Cruz County Capitola 95010

808 Balboa Ave, Capitola, CA

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