NOT LISTED FOR SALE

Santa Cruz, CA 95062

Upper Seabright Neighborhood

Estimated Value: $1,222,000 - $1,747,000

4 Beds
2 Baths
1,800 Sq Ft
$841/Sq Ft Est. Value

Last Sold October 29, 2015

Last sale price $875,000 $486 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $8,997/month

146 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Attached Garage
  • Washer and Dryer
  • Mission Hill Middle School Rated A-
  • Guest Parking
  • Level Lot

About This Home

As of October 2015

Classic Seabright Duplex with vintage touches. Super location - walk to beach only .75mi- restaurants and groceries. Gault Elementary. Each unit has attached garage, additional parking in rear. Perfect for owner to live in one unit and rent the other or second home w/income! Front unit has small garden/courtyard, utility room/office?off kitchen, fireplace,basement/root cellar. Laundry area in both units. Rents currently below market. Great tenants! Do Not Disturb tenants - appointment only.

Last Agent to Sell the Property

Ariane Otto

Christie's International Real Estate Sereno License #01185798 Listed on: 05/07/2015

Christie's International Real Estate Sereno

Last Buyer's Agent

Paul Burdick

Keller Williams Realty-Silicon Valley License #00877117

Keller Williams Realty-Silicon Valley

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,609

Year Built

  • 1955

Lot Details

  • Level Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Attached Garage
  • Guest Parking

Home Design

  • Duplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Flooring

  • Wood
  • Carpet
  • Vinyl

Listing and Financial Details

  • Total Actual Rent $58,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Operating Expense $11,000
  • Gross Income $58,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,609

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Zoning: RM
  • Subclass: Duplex
  • Style: Ranch
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Living Sq Ft: 1800
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Guest / Visitor Parking

Utilities

  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Santa Cruz City High
  • Elementary School: Gault Elementary
  • Middle School: Branciforte Middle School
  • High School: Harbor High
  • High School: 851
  • Elementary School: 844
  • Middle School: 37459

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7362.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7362.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 15.12
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expenses Total: 11000
  • Income Annual Gross: 58800.00
  • Income Annual Rental: 58800
  • Income Gross Scheduled: 58800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2020
Sold by
Chhabra Sunil
Bought by
Chhabra Sunil and Sunil Chhabra Revocable Trust
Current Estimated Value
$1,514,661

Purchase Details

Listed on
May 7, 2015
Closed on
Oct 21, 2015
Sold by
Pedrazzini Lester and Charles L Pedrazzini Testament
Bought by
Chhabra Sunil
Seller's Agent
Ariane Otto
Christie's International Real Estate Sereno
Buyer's Agent
Paul Burdick
Keller Williams Realty-Silicon Valley
List Price
$889,000
Sold Price
$875,000
Premium/Discount to List
-$14,000
-1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.69%
Original Mortgage
$525,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 7, 2015
Closed on
Sep 21, 2015
Sold by
Chhabra Sureen
Bought by
Chhabra Sunil
Seller's Agent
Ariane Otto
Christie's International Real Estate Sereno
Buyer's Agent
Paul Burdick
Keller Williams Realty-Silicon Valley
List Price
$889,000
Sold Price
$875,000
Premium/Discount to List
-$14,000
-1.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 14, 2007
Sold by
Plant Stephen T and Plant Laurie H
Bought by
Pedrazzini Lester and Charles L Pedrazzini Testament

Purchase Details

Closed on
Feb 27, 2006
Sold by
Plant Stephen T and Hertz Plant Laurie
Bought by
Plant Stephen T and Plant Laurie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$565,500
Interest Rate
6.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2004
Sold by
Plant Stephen and Plant Laurie
Bought by
Plant Stephen T and Plant Laurie H

Purchase Details

Closed on
Jan 8, 2004
Sold by
Young Frank R and Margaret Franchi Living Trust
Bought by
Plant Stephen and Plant Laurie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,150
Interest Rate
3.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2001
Sold by
Franchi Margaret
Bought by
Franchi Margaret and The Margaret Franchi Living Tr
Source: Public Records

Range of Values:

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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
Chhabra Sunil -- None Available
Chhabra Sunil $875,000 First American Title Company
Chhabra Sunil -- First American Title Company
Pedrazzini Lester $749,000 First American Title Company
Plant Stephen T -- Accommodation
Plant Stephen T -- Accommodation
Plant Stephen T -- --
Plant Stephen $635,000 Santa Cruz Title Company
Franchi Margaret -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chhabra Sunil $525,000
Previous Owner Plant Stephen T $565,500
Previous Owner Plant Stephen $427,150
Closed Plant Stephen $144,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2015 10/29/15 Sold $875,000 -1.6% $486 / Sq Ft
09/30/2015 09/30/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $889,000 -- $494 / 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 $11,609 $1,035,823 $799,063 $236,760
2023 $11,469 $995,601 $768,035 $227,566
2022 $11,341 $976,079 $752,975 $223,104
2021 $11,107 $956,940 $738,211 $218,729
2020 $11,021 $947,128 $730,642 $216,486
2019 $10,784 $928,557 $716,315 $212,242
2018 $10,663 $910,350 $702,270 $208,080
2017 $10,528 $892,500 $688,500 $204,000
2016 $9,948 $875,000 $675,000 $200,000
2015 $8,247 $728,376 $456,088 $272,288
2014 $7,482 $656,195 $410,890 $245,305
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Ariane Otto

    Sereno Group

    Section Image

  • P

    Buyer's Agent in 2015

    Paul Burdick

    Keller Williams Realty-Silicon Valley

    Section Image
See All Agents

Source: MLSListings

MLS Number: ML81463876

MLSListings

APN: 010-601-02-000

California Santa Cruz County Santa Cruz 95062

Upper Seabright

This home since 07 May 2015 and is currently estimated at $1,514,661, approximately $841 per square foot. This property was built in 1955. This home is a home located in Santa Cruz County with nearby schools including Gault Elementary School, Mission Hill Middle School, and Harbor High School.

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