NOT LISTED FOR SALE

919 Balboa Ave Capitola, CA 95010

Estimated Value: $2,144,000 - $2,519,825

6 Beds
4 Baths
2,341 Sq Ft
$978/Sq Ft Est. Value

Last Sold August 22, 2023

Last sale price $2,200,000 $940 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $14,636/month

24 Days on Market

Highlights

  • 0.33 Acre Lot
  • Garden View
  • Balcony
  • Main Street Elementary School Rated A-
  • Granite Countertops
  • 3-minute walk to Cortez Park

About This Home

As of August 2023

Open 11-2pm 8/12 and 1-4pm 8/13. This is a truly RARE offering! This gem of a duplex is ideally located across the street from the most expansive beach in Santa Cruz County, a short distance from the seaside town of Capitola and not far from scenic hiking and mountain biking trails through the redwoods. Not just one but TWO 3 bedroom, 2 bathroom, turnkey, 1-level homes! Plus a 3 car garage with space for 2 cars for Unit A and 1-car garage for unit B. Plus 3 off street additional parking spaces. The back yards are HUGE, spanning all the way to Park Ave! There are peeks of the ocean from kitchen and living room and yard at Unit A and a peek of the ocean from the back yard of unit B. An added bonus is the potential to build an 800 sf 2 bedroom, 2 bathroom accessory dwelling unit on this huge 1/3 of an acre parcel!

Last Agent to Sell the Property

Melody Russell

eXp Realty of California Inc License #01743923 Listed on: 07/20/2023

eXp Realty of California Inc

Last Buyer's Agent

Alma Donato

David Lyng Real Estate License #01133745

David Lyng Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,971

Year Built

  • 1977

Lot Details

  • 0.33 Acre Lot
  • Fenced
  • Sprinklers on Timer
  • Mostly Level
  • Back Yard

Parking

  • 3 Car Garage
  • Lighted Parking
  • Garage Door Opener
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking
  • Off-Street Parking

Property Views

  • Garden
  • Park or Greenbelt

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Wood Shingle Roof

Interior Spaces

  • Walk-In Closet
  • 2,341 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Outdoor Features

  • Balcony
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $108,000

Community Details

Overview

Building Details

  • Gardener Expense $2,400
  • Insurance Expense $1,895
  • Maintenance Expense $2,000
  • Utility Expense $1,800
  • Trash Expense $600
  • Operating Expense $8,695
  • Gross Income $108,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,971

Year Built

1977

Lot Details

0

Parking

3

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Style: Ranch
  • Age: 46
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2341
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Granite, Countertop - Other, Dishwasher, Exhaust Fan, Garbage Disposal, Island, Microwave, Oven Range - Electric, Pantry Cabinet
  • Living Sq Ft: 2341
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Wood Shakes / Shingles
  • View: Garden / Greenbelt, Greenbelt
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Fenced, Sprinklers - Auto
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Covered Parking, Gate / Door Opener, Guest / Visitor Parking, Lighted Parking Area, Off-Street Parking, On Street, Uncovered Parking, Varies By Unit

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Santa Cruz City High
  • High School: Soquel High
  • High School: 877

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Varies
  • Lot Acres: 0.3300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 14375.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 14375.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 20.37

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1895
  • Expense Landscape: 2400
  • Expense Maintenance: 2000
  • Expenses Total: 8695
  • Expenses Utility: 1800
  • Expense Trash: 600
  • Income Annual Gross: 108000.00
  • Income Annual Rental: 108000
  • Income Gross Scheduled: 108000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Property Tax, Insurance, Loan - Mortgage, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 18, 2023
Sold by
Laura M Stapleton Living Trust and Stapleton Judith A
Bought by
Mcmillen Edmund
Seller's Agent
Melody Russell
eXp Realty of California Inc
Buyer's Agent
Alma Donato
David Lyng Real Estate
List Price
$2,400,000
Sold Price
$2,200,000
Premium/Discount to List
-$200,000
-8.33%
Views
111
Current Estimated Value
$2,288,956

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,956
Avg. Annual Appreciation
1.99%

Purchase Details

Closed on
Jul 24, 2021
Sold by
Stapleton Stephen J and Stapleton Judith A
Bought by
Stapleton Stephen J and Stapleton Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
2.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2019
Sold by
Stapleton Stephen J and Stapleton Judith A
Bought by
Stapleton Judith A and Stapleton Stephen J

Purchase Details

Closed on
May 4, 2019
Sold by
Stapleton Stephen J and Stapleton Judith A
Bought by
Stapleton Stephen J and Stapleton Judith A

Purchase Details

Closed on
May 30, 2018
Sold by
Stapleton Laura M
Bought by
Laura M Stapleton Livng Trust

Purchase Details

Closed on
May 25, 2016
Sold by
Lambrecht Lars C and Lambrecht Ali C
Bought by
Stapleton Stephen J and Stapleton Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,000
Interest Rate
3.61%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2015
Sold by
Stapleton Stephen J and Stapleton Judith A
Bought by
Stapleton Stephan J and Stapleton Judith A

Purchase Details

Closed on
Aug 21, 2007
Sold by
Coffey Terrance M and Scarpa Barbara L
Bought by
Stapleton Stephen J and Stapleton Judith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 7, 2004
Sold by
Coffey Terrance M and Scarpa Barbara L
Bought by
Coffey Terrance M and Scarpa Barbara L

Purchase Details

Closed on
Mar 10, 1999
Sold by
Richard L and D & H Mfg Co
Bought by
Coffey Terrance M and Scarpa Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.79%
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
Mcmillen Edmund $2,200,000 First American Title
Stapleton Stephen J -- Old Republic Title Company
Stapleton Stephen J -- Old Republic Title Company
Stapleton Judith A -- None Available
Stapleton Stephen J -- None Available
Laura M Stapleton Livng Trust -- None Available
Stapleton Stephen J $132,500 Old Republic Title Company
Stapleton Stephan J -- None Available
Stapleton Stephen J $1,260,000 Ticor Title Company Of Ca
Coffey Terrance M -- --
Coffey Terrance M $400,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stapleton Stephen J $388,000
Previous Owner Stapleton Stephen J $530,000
Previous Owner Stapleton Stephen J $300,000
Previous Owner Stapleton Stephen J $417,000
Previous Owner Stapleton Stephen J $600,000
Previous Owner Coffey Terrance M $150,000
Previous Owner Coffey Terrance M $450,000
Previous Owner Coffey Terrace M $100,000
Previous Owner Coffey Terrance M $440,000
Previous Owner Coffey Terrance M $442,000
Previous Owner Coffey Terrance M $450,000
Previous Owner Coffey Terrance M $320,000
Closed Coffey Terrance M $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2023 08/22/23 Sold $2,200,000 0.0% $940 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/10/2023 08/10/23 Price Changed $2,200,000 -8.3% $940 / Sq Ft
07/20/2023 07/20/23 For Sale $2,400,000 -- $1,025 / 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 $25,971 $2,244,000 $1,632,000 $612,000
2023 $18,380 $1,509,149 $1,002,395 $506,754
2022 $18,165 $1,479,557 $982,740 $496,817
2021 $17,175 $1,400,000 $920,000 $480,000
2020 $16,592 $1,350,000 $867,862 $482,138
2019 $16,599 $1,359,812 $874,170 $485,642
2018 $15,634 $1,270,852 $816,981 $453,871
2017 $14,889 $1,198,917 $770,736 $428,181
2016 $13,342 $1,110,108 $713,644 $396,464
2015 $12,525 $1,047,272 $673,249 $374,023
2014 $11,385 $943,488 $606,530 $336,958
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81935352

MLSListings

APN: 036-232-16-000