NOT LISTED FOR SALE

935 Balboa Ave Capitola, CA 95010

Estimated Value: $1,733,000 - $2,100,000

6 Beds
4 Baths
2,396 Sq Ft
$778/Sq Ft Est. Value

Last Sold January 14, 2020

Last sale price $1,350,000 $563 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $11,178/month

23 Days on Market

Highlights

  • 0.26 Acre Lot
  • Balcony
  • 3 Car Attached Garage
  • Main Street Elementary School Rated A-
  • Fireplace
  • 4-minute walk to Cortez Park

About This Home

As of January 2020

Yes, you need to see this property; a single level duplex with two three-bedroom units within walking distance of Capitola Village and right next to New Brighton State Beach. Priced the same as a single-family home half the size in the Cliffwood Heights neighborhood, this property sets up well as a primary residence with a rental unit, multi-family living, or as purely a rental property. With a pathway directly out the back door to the beach, a park around the corner, great schools, and easy freeway access - you will not find a better value in Capitola.

Last Agent to Sell the Property

Ben Strock

Strock Real Estate License #02032729 Listed on: 11/20/2019

Last Buyer's Agent

Nicole Wood

eXp Realty of California Inc License #01259219

eXp Realty of California Inc

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 0.26 Acre Lot
  • Fenced
  • Back Yard

Parking

  • 3 Car Attached Garage
  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,396 Sq Ft Home
  • Wet Bar
  • Fireplace
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet
  • Low Flow Shower

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $70,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Utility Expense $3,000
  • Operating Expense $21,000
  • Gross Income $70,800

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Parking

3

Listing Details

  • Zoning: R 1-4
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2396
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2396
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Fenced
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Central Forced Air, Fireplace
  • Sewer/Septic System: Sewer - Public, Sewer Connected, Sewer In Street

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet, Wet Bar

Schools

  • High School: 877

Lot Info

  • Lot Acres: 0.2640
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11500.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Rental Info

  • Gross Rent Multiplier: 18.29
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1500
  • Expense Maintenance: 2000
  • Expenses Total: 21000
  • Expenses Utility: 3000
  • Income Annual Gross: 70800.00
  • Income Annual Rental: 70800
  • Income Gross Scheduled: 70800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance
  • Tenant Expenses: Rent Only

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 2, 2021
Sold by
Stokley Joseph F and Stokley Sheila L
Bought by
Stokley Balboa Llc
Current Estimated Value
$1,865,126

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
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 7, 2021
Sold by
Stokely Joseph F and Stokley Sheila L
Bought by
Stokley Joseph F and Stokley Sheila Lynna

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
2.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 30, 2020
Sold by
Stokley Joseph F and Stokley Sheila L
Bought by
Stokley Joseph F and Stokley Sheila L

Purchase Details

Listed on
Nov 20, 2019
Closed on
Jan 7, 2020
Sold by
Deperalta Carolyn B and Pincus Robert C
Bought by
Stokley Joseph F and Stokley Sheila L
Seller's Agent
Ben Strock
Strock Real Estate
Buyer's Agent
Nicole Wood
eXp Realty of California Inc
List Price
$1,295,000
Sold Price
$1,350,000
Premium/Discount to List
$55,000
4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.51%
Original Mortgage
$999,999
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 20, 2019
Closed on
Dec 11, 2019
Sold by
Pincus Robert
Bought by
Pincus Robert and Robert Pincus Charitable Remai
Seller's Agent
Ben Strock
Strock Real Estate
Buyer's Agent
Nicole Wood
eXp Realty of California Inc
List Price
$1,295,000
Sold Price
$1,350,000
Premium/Discount to List
$55,000
4.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 13, 2011
Sold by
Pincus Judith E
Bought by
Pincus Judith E and Judith Pincus Trust

Purchase Details

Closed on
Sep 23, 2010
Sold by
Pincus Robert C
Bought by
Pincus Robert C and Pincus Revocable Livi Robert C

Purchase Details

Closed on
Apr 15, 2009
Sold by
Pincus Judith E and The Pincus Living Trust
Bought by
Pincus Judith E and Pincus Robert C

Purchase Details

Closed on
Jun 7, 1995
Sold by
Pincus Eugene J and Pincus Cecile S
Bought by
Pincus Eugene J and Pincus Cecile S
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Stokley Balboa Llc -- None Available
Stokley Joseph F -- Old Republic Title Company
Stokley Joseph F -- Old Republic Title Company
Stokley Joseph F $1,350,000 Old Republic Title Company
Pincus Robert -- None Available
Pincus Robert -- None Available
Pincus Judith E -- None Available
Pincus Robert C -- None Available
Pincus Judith E -- None Available
Pincus Eugene J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stokley Joseph F $980,000
Previous Owner Stokley Joseph F $999,999
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2020 01/14/20 Sold $1,350,000 +4.2% $563 / Sq Ft
12/14/2019 12/14/19 Pending -- -- --
11/20/2019 11/20/19 For Sale $1,295,000 -- $540 / 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 $17,796 $1,476,422 $995,218 $481,204
2023 $17,400 $1,419,091 $956,572 $462,519
2022 $17,191 $1,391,266 $937,816 $453,450
2021 $16,778 $1,363,985 $919,427 $444,558
2020 $5,228 $320,821 $142,130 $178,691
2019 $5,106 $314,532 $139,345 $175,187
2018 $4,987 $308,364 $136,612 $171,752
2017 $4,898 $302,315 $133,932 $168,383
2016 $4,642 $296,388 $131,306 $165,082
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81777312

MLSListings

APN: 036-232-13-000