tomo logo

$3,900,000

Beds
3
Baths
2.0
sq ft
2,040

2603 Monterey Ave, Soquel, CA 95073

2603 Monterey Ave

Soquel, CA 95073

  • 9 days on market
A unique development opportunity in desirable Soquel California. Located in a newly created zoning designated for high density residential, RF-min, Residential Flexible. RF flexible zoning was adopted by Santa Cruz County in December of 2024 and allows for 47+/- units on this 3.5 acres with potential to scale up! Proximity to New Brighton State Park Beach, Cabrillo College, Grade Schools and the Soquel Drive Transportation Corridor, makes this location ideal for meeting the States housing requirements and fulfilling your development and/or 1031 Exchange needs. The property contains two vintage cottages plus appurtenant garage and storage space. The property is served with Natural Gas, Public Sewer and a Private Well with Public Water service lines in close proximity along Monterey Avenue.

Details

Property type

Single Family Residence

Est. home value

$1,484,089

Lot size

3.504 acres

Price per sq ft

$1,912

Year built

1947

HOA

No

Price History

01/14/2025
BridgeMLS

BridgeMLS #ML81990308

Listed
$3,900,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Santa Cruz City High

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Loandepot.Com Llc

Loan start date

March 2014

Original loan amount

$138,000

Est. remaining balance

$106,946

Interest rate

4.32%

Loan type

New Conventional, 30 year

Seller

Darrell James Deluca and Jimmie L Ramirez

Lender

Reliastar Mtg Corp

Loan start date

March 1998

Original loan amount

$175,000

Est. remaining balance

$39,208

Interest rate

6.89%

Loan type

Not Provided, 30 year

Seller

Darrell James Deluca and Jimmie L Ramirez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 01/23/2025 at 9:00 AM

Listing updated: 01/15/2025 at 12:50 AM

Listed by: Paul Cuccia, Coldwell Banker Realty Phone #: (831) 818-2375

MLS: BridgeMLS #ML81990308

BridgeMLS logo

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