NOT LISTED FOR SALE

Estimated Value: $1,553,000 - $1,768,548

4 Beds
2 Baths
1,700 Sq Ft
$969/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $1,295,000 $762 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $10,259/month

59 Days on Market

Highlights

  • Deck
  • Balcony
  • Guest Parking
  • Mission Hill Middle School Rated A-
  • Double Pane Windows
  • 2-minute walk to Ocean View Park

About This Home

As of September 2020

Fully-refreshed, move-in ready duplex styled and dialed and raring to go in the heart of an incredibly quiet and sunny little secret section of the Seabright neighborhood right near the ocean end of Caledonia St. where it meets Peck Terrace. Discover the hidden path over to Seabright Beach. MidTown restaurants and conveniences are just a short hop, skip and a bike ride away. Tramonti, Seabright Social, La Posta, the amenities at the Yacht Harbor are also equally close. Live in one, rent the other. Use one as a weekend beach home, rent the other. Also a perfect multi-generational landing pad. Or rent them both at the high end of the rental range since everything has been redone and upgraded. A fantastic investor opportunity and flexible lifestyle options that will evolve with the future. Features include: updated kitchens and baths, new lighting, appliances and interior paint, bamboo floors, new roof, covered parking, large yard, dual pane windows, mirrored closet doors and more!

Last Agent to Sell the Property

Tom Brezsny

Christie's International Real Estate Sereno License #70010105 Listed on: 06/26/2020

Christie's International Real Estate Sereno

Last Buyer's Agent

Maggie Barr

KW Thrive Santa Cruz License #01941901

KW Thrive Santa Cruz

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,559

Year Built

  • 1969

Lot Details

  • 6,926 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Grass Covered Lot

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Elastomeric Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Low Flow Toliet
  • 1,700 Sq Ft Home
  • Double Pane Windows
  • Laminate Flooring

Kitchen

  • Oven or Range
  • Range Hood
  • Formica Countertops

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces
  • Guest Parking

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $72,000

Community Details

Overview

Building Details

  • Insurance Expense $800
  • Utility Expense $2,000
  • Operating Expense $16,800
  • Gross Income $71,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,559

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 51
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1700
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Formica, Hood Over Range, Oven Range, Refrigerator
  • Living Sq Ft: 1700
  • Flooring: Laminate

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Elastomeric, Shingle
  • Yard/Grounds: Balcony / Patio, Deck, Fenced, Low Maintenance

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, Guest / Visitor Parking, Parking Area
  • Carport Min: 2

Utilities

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

Schools

  • School District: Santa Cruz City High

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1590
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6926.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6926.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 17.99

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 800
  • Expenses Total: 16800
  • Expenses Utility: 2000
  • Income Annual Gross: 71280.00
  • Income Annual Rental: 72000
  • Income Gross Scheduled: 72000
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Laundry, Maintenance - Repair, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2020
Closed on
Sep 21, 2020
Sold by
Larson Daniel J and Larson Nancy B
Bought by
Wahl Jeannine L
Seller's Agent
Tom Brezsny
Christie's International Real Estate Sereno
Buyer's Agent
Maggie Barr
KW Thrive Santa Cruz
List Price
$1,395,000
Sold Price
$1,295,000
Premium/Discount to List
-$100,000
-7.17%
Current Estimated Value
$1,647,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,887
Avg. Annual Appreciation
5.37%
Original Mortgage
$967,500
Outstanding Balance
$862,482
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$812,278

Purchase Details

Closed on
Jan 24, 2008
Sold by
Larson Nancy B and Carre Nancy B
Bought by
Larson Daniel J and Larson Nancy B
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
Wahl Jeannine L $1,295,000 Old Republic Title Company
Larson Daniel J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wahl Jeannine L $967,500
Closed Wahl Jeannine L $129,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $1,295,000 0.0% $762 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
07/14/2020 07/14/20 Price Changed $1,295,000 -7.2% $762 / Sq Ft
06/26/2020 06/26/20 For Sale $1,395,000 -- $821 / 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 $15,559 $1,404,810 $1,033,723 $371,087
2023 $15,245 $1,347,318 $993,582 $353,736
2022 $15,072 $1,320,900 $974,100 $346,800
2021 $14,755 $1,295,000 $955,000 $340,000
2020 $1,909 $122,536 $26,704 $95,832
2019 $1,862 $120,133 $26,180 $93,953
2018 $1,846 $117,778 $25,667 $92,111
2017 $1,828 $115,469 $25,164 $90,305
2016 $1,753 $113,205 $24,671 $88,534
2015 $1,571 $111,504 $24,300 $87,204
2014 $1,550 $109,320 $23,824 $85,496
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81798122

MLSListings

APN: 010-142-17-000