NOT LISTED FOR SALE

Estimated Value: $1,519,000 - $1,788,124

4 Beds
2 Baths
1,792 Sq Ft
$915/Sq Ft Est. Value

Last Sold November 01, 2016

Last sale price $899,000 $502 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,882/month

92 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Ceiling Fan
  • Mission Hill Middle School Rated A-
  • 2 Car Detached Garage
  • 5-minute walk to Frederick Street Park

About This Home

As of November 2016

Legal Duplex in desirable Seabright neighborhood. Short walk or bike ride to shopping, the Beach, or Boardwalk, etc. There is no sign at the property because it is RENTED. PLEASE DO NOT DISTURB TENANTS. Call Realtor instead with questions. Just drive by for now or make offer subject to inspection. One seller is a licensed real estate agent.

Last Agent to Sell the Property

Stuart Campbell

Congress Springs,Inc License #01207749 Listed on: 06/16/2016

Last Buyer's Agent

Debra Wallace

Karon Properties License #01355665

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,575

Year Built

  • 1949

Lot Details

  • 9,148 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Ranch Style House
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,792 Sq Ft Home
  • Ceiling Fan
  • Gas Cooktop
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Laminate

Utilities

  • Floor Furnace
  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $44,400

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,200
  • Maintenance Expense $3,552
  • Utility Expense $2,640
  • Operating Expense $8,592
  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,575

Year Built

1949

Lot Details

0

Parking

2

Listing Details

  • Zoning: R 1-5
  • Subclass: Duplex
  • Style: Ranch
  • Age: 67
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1792
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1949

Interior Features

  • Kitchen: Cooktop - Gas, Refrigerator
  • Living Sq Ft: 1792
  • Laundry: Hookups Only
  • Flooring: Hardwood, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Common Parking Area, Detached Garage

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Floor Furnace, Gas, Wall Furnace
  • Sewer/Septic System: Sewer In Street

Schools

  • School District: Santa Cruz City High
  • Elementary School: Gault Elementary
  • Middle School: Branciforte Middle School
  • High School: Harbor High
  • High School: 851
  • Elementary School: 844
  • Middle School: 37459

Lot Info

  • Lot Acres: 0.2100
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9148.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9148.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 21.40
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 1200
  • Expense Maintenance: 3552
  • Expenses Total: 8592
  • Expenses Utility: 2640
  • Income Annual Gross: 44400.00
  • Income Annual Rental: 44400
  • Income Gross Scheduled: 44400
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2016
Closed on
Nov 2, 2016
Sold by
Wallace Debra K
Bought by
Wallace Debra K and Debra K Wallace Trust
Seller's Agent
Stuart Campbell
Congress Springs,Inc
Buyer's Agent
Debra Wallace
Karon Properties
List Price
$950,000
Sold Price
$899,000
Premium/Discount to List
-$51,000
-5.37%
Current Estimated Value
$1,639,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$740,781
Avg. Annual Appreciation
7.30%
Original Mortgage
$719,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 16, 2016
Closed on
Oct 14, 2016
Sold by
The Butler Family Trust and Butler Earl D
Bought by
Wallace Debra K
Seller's Agent
Stuart Campbell
Congress Springs,Inc
Buyer's Agent
Debra Wallace
Karon Properties
List Price
$950,000
Sold Price
$899,000
Premium/Discount to List
-$51,000
-5.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$719,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2001
Sold by
Butler Earl D and Butler Geraldine L
Bought by
Butler Earl D and Butler Geraldine L

Purchase Details

Closed on
Apr 13, 1998
Sold by
Butler Earl D and Butler Geraldine
Bought by
Butler Earl D and Butler Geraldine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,000
Interest Rate
7.15%
Source: Public Records

Range of Values:

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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
Wallace Debra K -- None Available
Wallace Debra K $899,000 First American Title Company
Butler Earl D -- --
Butler Earl D -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Debra K $675,000
Closed Wallace Debra K $719,000
Previous Owner Butler Earl $176,000
Previous Owner Butler Earl D $182,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2016 11/01/16 Sold $899,000 -5.4% $502 / Sq Ft
09/17/2016 09/17/16 Pending -- -- --
07/28/2016 07/28/16 For Sale $950,000 0.0% $530 / Sq Ft
07/21/2016 07/21/16 Pending -- -- --
06/16/2016 06/16/16 For Sale $950,000 -- $530 / 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 $11,575 $1,043,367 $626,020 $417,347
2023 $11,434 $1,002,852 $601,711 $401,141
2022 $11,305 $983,188 $589,913 $393,275
2021 $11,069 $963,910 $578,346 $385,564
2020 $10,982 $954,026 $572,416 $381,610
2019 $10,744 $935,320 $561,192 $374,128
2018 $10,621 $916,980 $550,188 $366,792
2017 $10,499 $899,000 $539,400 $359,600
2016 $2,872 $220,692 $101,153 $119,539
2015 $2,729 $217,377 $99,634 $117,743
2014 $2,688 $213,119 $97,682 $115,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81590987

MLSListings

APN: 011-091-82-000