NOT LISTED FOR SALE

837 Corcoran Ave Unit 1 Santa Cruz, CA 95062

Twin Lakes Neighborhood

Estimated Value: $1,410,000 - $2,400,000

9 Beds
4 Baths
3,319 Sq Ft
$632/Sq Ft Est. Value

Last Sold November 07, 2014

Last sale price $1,250,000 $377 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $12,818/month

42 Days on Market

Highlights

  • Neighborhood Views
  • Balcony
  • Community Playground
  • Mission Hill Middle School Rated A-
  • Building Patio
  • 3-minute walk to Felt Street County Park

About This Home

As of November 2014

Pride of Ownership! Very well maintained 4-plex in great location. Short walk to Twin Lakes Beach. 3 units have been remodeled recently with great rental history. Good unit mix with (3) 2 bedroom units and (1) 3 bedroom unit. Large lot provides private patio area good for BBQ's, lounging or gardening, 4 carports and lots of guest parking. Great turn key investment opportunity.

Last Agent to Sell the Property

Guy Giuffre

Giuffre Properties License #01393931 Listed on: 09/02/2014

Last Buyer's Agent

Frank DeBernardo

The Brokerage License #01954416

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,962

Year Built

  • 1961

Lot Details

  • 9,191

Home Design

  • Quadruplex
  • Composition Roof

Interior Spaces

  • 3,319 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Tile

Parking

  • Carport
  • Guest Parking
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $80,820
  • The owner pays for garbage, services - gardener/landscaping, hot water, water
  • Month-to-Month Lease Term

Community Details

Recreation

  • Community Playground

Building Details

  • Gardener Expense $960
  • Insurance Expense $1,800
  • Other Expense $520
  • Utility Expense $1,560
  • Trash Expense $932
  • Operating Expense $22,252
  • Gross Income $82,140

Additional Features

  • 3,319 Sq Ft Building
  • Building Patio

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,962

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: RM-4
  • Subclass: Fourplex
  • Age: 53
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 376.62
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3319
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Varies By Unit, Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3319
  • Stories: 2
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Tile, Laminate, Carpet - Wall To Wall

Exterior Features

  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, Off-Street Parking, Uncovered Parking, Carport, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Playground, Patio - Common

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9191.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9191.00
  • Lot Size Area Min Search: 9191.00
  • Maximum Lot Size: 9191.00

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr, 1 Year Lease
  • Gross Rent Multiplier: 15.64

Multi Family

  • Expense Insurance: 1800
  • Expense Landscape: 960
  • Expenses Other: 520
  • Expenses Total: 22252
  • Expenses Utility: 1560
  • Expense Trash: 932
  • Expense Water Sewer: 1680
  • Income Annual Gross: 82140.00
  • Income Annual Rental: 80820
  • Income Gross Scheduled: 82140
  • Income Includes: Laundry, Lease
  • Income Laundry: 1320
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Master Water
  • Minimum Building Height: 2
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Laundry, Fee - Property Tax, Services - Sewer, Utilities - Electric, Miscellaneous/Other
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Hot Water, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2014
Closed on
Nov 4, 2014
Sold by
Williams Edward Lee and Lee & Vereda Williams Family S
Bought by
Partin Turoff Living Trust
Seller's Agent
Guy Giuffre
Giuffre Properties
Buyer's Agent
Frank DeBernardo
The Brokerage
List Price
$1,285,000
Sold Price
$1,250,000
Premium/Discount to List
-$35,000
-2.72%
Current Estimated Value
$2,096,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$846,415
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Apr 30, 2012
Sold by
Williams Edward L
Bought by
Williams Edward Lee and The Lee & Vereda Williams Fami

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$737,000
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2008
Sold by
Williams Edward Lee
Bought by
Williams Edward Lee and Lee & Vereda Williams Family S

Purchase Details

Closed on
Oct 9, 2006
Sold by
Kane Carla S and The Carla S Kane Family Trust
Bought by
Williams Edward Lee and Williams Vereda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 29, 2002
Sold by
Kane Carla S
Bought by
Kane Carla S and The Carla S Kane Family Trust

Purchase Details

Closed on
Feb 1, 1994
Sold by
Hayes Rachel E
Bought by
Hayes Rachel E
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
Partin Turoff Living Trust $1,250,000 First American Title Company
Williams Edward Lee -- First American Title Company
Williams Edward L -- First American Title Company
Williams Edward Lee -- None Available
Williams Edward Lee $1,130,000 First American Title Company
Kane Carla S -- --
Kane Carla S -- --
Hayes Rachel E -- Santa Cruz Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Edward Lee $721,000
Previous Owner Williams Edward L $737,000
Previous Owner Williams Edward Lee $800,000
Previous Owner Kane Carla S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2014 11/07/14 Sold $1,250,000 -2.7% $377 / Sq Ft
10/14/2014 10/14/14 Pending -- -- --
09/02/2014 09/02/14 For Sale $1,285,000 -- $387 / 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 $20,962 $1,502,314 $751,157 $751,157
2023 $19,979 $1,443,976 $721,988 $721,988
2022 $19,457 $1,415,664 $707,832 $707,832
2021 $18,849 $1,387,906 $693,953 $693,953
2020 $18,597 $1,373,674 $686,837 $686,837
2019 $18,188 $1,346,740 $673,370 $673,370
2018 $17,813 $1,320,332 $660,166 $660,166
2017 $17,476 $1,294,444 $647,222 $647,222
2016 $17,062 $1,269,062 $634,531 $634,531
2015 $16,713 $1,250,000 $625,000 $625,000
2014 $15,890 $1,176,924 $686,540 $490,384
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Guy Giuffre

    Giuffre Properties

    Section Image

  • F

    Buyer's Agent in 2014

    Frank DeBernardo

    The Brokerage

    Section Image
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Map

Source: MLSListings

MLS Number: ML81431765

MLSListings

APN: 028-042-11-000

California Santa Cruz County Santa Cruz 95062 Twin Lakes

837 Corcoran Ave Unit 1, Santa Cruz, CA

This home is located at 837 Corcoran Ave Unit 1, Santa Cruz, CA 95062 since 02 September 2014 and is currently estimated at $2,096,415, approximately $631 per square foot. This property was built in 1961. 837 Corcoran Ave Unit 1 is a home located in Santa Cruz County with nearby schools including Mission Hill Middle School, Harbor High School, and Santa Cruz High School.

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