tomo logo

$450,000

Beds
2
Baths
2.0
sq ft
1,020

5005 Cliff Dr Unit 2, Capitola, CA 95010

5005 Cliff Dr Unit 2

Capitola, CA 95010

  • 58 days on market
Tenants in Common ownership opportunity for 1/4 ownership. Enjoy 13 weeks per year. Beautiful oceanview condo unit with 2 oceanview decks and underground secured parking in the heart of Capitola Village across from the beach and wharf. Well maintained and rare to the market unit is light and bright and comes fully furnished. There are two bedrooms and two baths with deck off upstairs bedroom. The open floor plan provides for maximum views of the ocean. 13 weeks of use per owner per year. There are two deeded parking places with EV chargers and 1 overflow parking space available as well as storage in the garage. This property cannot be rented either short or long term per the TIC agreement. and a cash Buyer is needed. Building is well maintained with many recent upgrades. Be a part of Capitola beach lifestyle and participate in in the ongoing seasonal activities and events. Enjoy restaurants and sunset walks on the beach or surfing and paddle boarding.

Details

Property type

Condominium

Est. home value

$1,282,976

Lot size

Unknown

Price per sq ft

$442

Year built

1991

Monthly HOA fee

$225

Price History

08/09/2024
BridgeMLS

BridgeMLS #ML81976175

Listed
$450,000
+1.12%
06/25/2024
BridgeMLS

BridgeMLS #ML81960685

Sold
$445,000
-1.11%
06/12/2024
BridgeMLS

BridgeMLS #ML81960685

Pending
$450,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Santa Cruz City High

Negotiation Insights

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

Seller could get up to

$263,236
Asking price
$450,000
Closing costs (~8% of asking)
-$36,000
Est. remaining loan balance
-$150,764
Cash to seller
$263,236

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Parkside Lending Llc

Loan start date

January 2015

Original loan amount

$190,000

Est. remaining balance

$150,764

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Samantha Erickson

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?

Status: Active

Tomo last checked: 10/07/2024 at 10:20 AM

Listing updated: 10/01/2024 at 10:41 PM

Listed by: Vicki Malandra, David Lyng Real Estate Phone #: (831) 818-2337

MLS: BridgeMLS #ML81976175

BridgeMLS logo

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