NOT LISTED FOR SALE

Estimated Value: $1,516,000 - $1,844,000

4 Beds
2 Baths
1,800 Sq Ft
$906/Sq Ft Est. Value

Sale Details

Date Sold: December 21, 2018

Last sale price $1,130,000 $628 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $10,230 / mo

33 Days on Market

Highlights

  • 0.2 Acre Lot
  • High Ceiling
  • Double Pane Windows
  • Mission Hill Middle School Rated A-
  • 1 Car Attached Garage
  • 5-minute walk to Felt Street County Park

About This Home

As of December 2018

Highly desirable Pleasure Point area duplex within close proximity to beaches, surfing, shopping and dining. Only 1/2 mile to E. Cliff Drive and 1 mile to 41st Avenue. Both units are single level and feature nearly identical floor plans. Each unit includes two bedrooms, one bathroom and a single car garage with laundry hook-ups. Both include large, fenced private rear yards. The only common wall to the units is in the garages. Great investment opportunity in an area of high rental demand.

Last Agent to Sell the Property

Sean Pate

Christie's International Real Estate Sereno License #01160202 Listed on: 10/29/2018

Christie's International Real Estate Sereno

Last Buyer's Agent

Lynne Bucher

David Lyng Real Estate License #00615504

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Lot Details

  • 8,538 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 1 Car Attached Garage

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Double Pane Windows
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $62,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $791
  • Operating Expense $12,463
  • Gross Income $62,400

Property Details

Home Type

Multi-Family

Year Built

1978

Lot Details

8,538 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: RM-4
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 1800
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Tar And Gravel
  • Yard/Grounds: Back Yard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Attached Garage

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1960
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8538.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8538.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.15
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 791
  • Expenses Total: 12463
  • Income Annual Gross: 62400.00
  • Income Annual Rental: 62400
  • Income Gross Scheduled: 62400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 29, 2018
Closed on
Dec 19, 2018
Sold by
Ramirez Jose R and Ramirez Mary K
Bought by
Conte David F and Conte Patricia M
Seller's Agent
Sean Pate
Christie's International Real Estate Sereno
Buyer's Agent
Lynne Bucher
David Lyng Real Estate
List Price
$1,195,000
Sold Price
$1,130,000
Premium/Discount to List
-$65,000
-5.44%
Current Estimated Value
$1,630,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$500,726
Avg. Annual Appreciation
5.17%

Purchase Details

Closed on
Apr 13, 2005
Sold by
Lamb Kim J and Lamb Christina
Bought by
Ramirez Jose R and Ferguson Mary K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$648,000
Interest Rate
1.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 2, 2003
Sold by
Calmes Jo Annemarie and New Jo A
Bought by
Calmes Jo Annemarie and Calmes Richard Lee

Purchase Details

Closed on
Jun 14, 1996
Sold by
Vevang Warren E and Vevang Janice E
Bought by
Lamb Kim J and Lamb Christina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
8.25%
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
Conte David F $1,130,000 First American Title Company
Ramirez Jose R -- --
Calmes Jo Annemarie -- --
Lamb Kim J $225,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Jose R $648,000
Previous Owner Lamb Kim J $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $1,130,000 -5.4% $628 / Sq Ft
12/02/2018 12/02/18 Pending -- -- --
10/29/2018 10/29/18 For Sale $1,195,000 -- $664 / Sq Ft
Source: MLSListings

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 $18,288 $1,450,175 $1,003,967 $446,208
2023 $17,455 $1,393,863 $964,982 $428,881
2022 $17,043 $1,366,532 $946,061 $420,471
2021 $16,545 $1,339,737 $927,510 $412,227
2020 $16,360 $1,326,000 $918,000 $408,000
2019 $16,000 $1,300,000 $900,000 $400,000
2018 $11,672 $902,760 $668,713 $234,047
2017 $11,091 $851,660 $630,861 $220,799
2016 $10,332 $788,574 $584,130 $204,444
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81729429

MLSListings

APN: 028-071-17-000

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