NOT LISTED FOR SALE

Estimated Value: $607,000

0.73 Acre
$831,507 Price per Acre
31,799 Sq Ft Lot

Last Sold July 02, 2019

Last sale price $200,000

Est. 204% increase in value since last sale

Current estimated payment $3,638/month

62 Days on Market

Highlights

  • 0.73 Acre Lot
  • Main Street Elementary School Rated A-
  • Additional Land

About This Lot

As of July 2019

Opportunity Knocks!! This convenient mid-county location has unlimited potential for the right developer. Comprised of two parcels, the first of 31,799 square feet zoned PA, with a mixed-use rendering for downstairs office space and four 2 bedroom apartments upstairs ( 6444 square feet total). The second parcel of 13,547 square feet which has no development potential but will be conveyed with the larger parcel. Also available is the adjacent improved parcel fully leased which offers a great income return and overall unique opportunity.MLS #ML81740570

Last Agent to Sell the Property

Alexis Menard-Jackson

Associated Realty Service License #01060434 Listed on: 02/27/2019

Last Buyer's Agent

Alexis Menard-Jackson

Associated Realty Service License #01060434 Listed on: 02/27/2019

Property Details

Property Type

  • Land

Lot Details

  • 0.73 Acre Lot
  • Lot Sloped Down
  • Additional Land

Additional Features

  • Electricity Available at Street
  • Gas Available at Street

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: PA
  • Subclass: Other Commercial Land
  • Listing Class: Commercial Lots & Land
  • Present Use: Bare Land
  • Development Status: Unimproved Land
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Additional Land Available, Grade - Sloped Down, Grade - Varies
  • Lot Acres: 0.7300
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 31799.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 31799.00
  • Parcel Access: Accessible, County Maintained Road

Multi Family

  • Utilities: Electricity - Available At Street, Gas - Available At Street

MLS Schools

  • High School District Text: Santa Cruz City High

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2019
Closed on
Jun 26, 2019
Sold by
Austin Jo Ann
Bought by
Pajaro Wall Street Inn Llc
Seller's Agent
Alexis Menard-Jackson
Associated Realty Service
Buyer's Agent
Alexis Menard-Jackson
Associated Realty Service
List Price
$300,000
Sold Price
$200,000
Premium/Discount to List
-$100,000
-33.33%
Current Estimated Value
$607,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$407,000
Avg. Annual Appreciation
18.56%
Original Mortgage
$1,120,000
Outstanding Balance
$984,822
Interest Rate
4%
Mortgage Type
Commercial
Estimated Equity
-$377,822

Purchase Details

Closed on
Dec 10, 2013
Sold by
Austin Jo Ann
Bought by
Austin Jo Ann

Purchase Details

Closed on
Sep 30, 2012
Sold by
Austin Jo Ann
Bought by
Austin Jo Ann

Purchase Details

Closed on
Jun 12, 2007
Sold by
Austin Douglas D and Austin Jo Ann
Bought by
Park Estates Llc

Purchase Details

Closed on
Nov 22, 2006
Sold by
Austin Douglas D and Austin Jo Ann
Bought by
Park It Investments Llc

Purchase Details

Closed on
Jun 19, 2002
Sold by
Austin Kelly D
Bought by
Austin Douglas D and Austin Jo Ann

Purchase Details

Closed on
Oct 30, 2001
Sold by
Austin Douglas D and Austin Kelly D
Bought by
Austin Douglas D and Austin Kelly D

Purchase Details

Closed on
Jul 27, 2000
Sold by
Austin Douglas and Austin Kelly
Bought by
Austin Douglas D and Austin Kelly D

Purchase Details

Closed on
Aug 7, 1995
Sold by
Dellamora Steven and Dellamora Velda
Bought by
Austin & Austin Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
7.83%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Pajaro Wall Street Inn Llc $1,600,000 First American Title Company
Austin Jo Ann -- None Available
Austin Jo Ann -- None Available
Austin Jo Ann -- None Available
Park Estates Llc -- None Available
Austin Douglas D -- None Available
Park It Investments Llc -- None Available
Austin Douglas D -- --
Austin Douglas D -- --
Austin Douglas D -- --
Austin & Austin Properties $550,000 Santa Cruz Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pajaro Wall Street Inn Llc $1,120,000
Previous Owner Austin & Austin Properties $480,000
Closed Austin & Austin Properties $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2019 07/02/19 Sold $200,000 -33.3% --
05/01/2019 05/01/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $300,000 -- --
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 $5,611 $497,609 $497,609 --
2023 $5,652 $478,286 $478,286 $0
2022 $5,318 $463,755 $463,755 $0
2021 $5,409 $454,662 $454,662 $0
2020 $5,368 $450,000 $450,000 $0
2019 $2,528 $193,603 $193,603 $0
Source: Public Records

Agents Affiliated with this Home

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Source: MLSListings

MLS Number: ML81740571

MLSListings

APN: 037-231-20-000