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3300 Greenbrae Ln Soquel, CA 95073

4 Beds 4 Baths 2,800 sqft Built 1978

$1,665,000

List Price

$4,720

$4.5K - $5K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $594.64
  • 4 Days on Market
  • MLS # : ML81822062
  • Updated Date : 12/04/2020 at 08:28
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sereno Group

Listing Agent's Description

Now more than ever there is no place like home, and this ocean/parkland view residence does not disappoint. The property is coastal luxury all the way offering blue water views to Monterey Bay and Moss landing. The 4 bedroom 3.5 bath home is located on a hilltop enclave of just 4 other homes, yet close to 41st ave, downtown Soquel and beaches. Hickory hardwood floors span the main level and dining space where glass doors open to large decks for soaking in the views. The updated shaker style kitchen is finished in natural stone with counter seating, stainless appliances, dining bay topped with beautiful A-frame beams with parkland views. Upstairs find the master suite, multiple view decks, and 2 additional sunlit bedrooms. Working from home? Not a problem with the lower level bedroom, ideal for exec office or possible ADU.The multi-tiered coastal landscaping is breathtaking. Enjoy a dining patio, level play spaces, lush green lawns,basketball ct, chicken coup, solar panels and more.

SEE MORE

MARKET HIGHLIGHTS

  • Santa Cruz is the headquarters to technology companies: Looker.com, Plantronics, FileOpen and major university system - University of California, Santa Cruz (Santa Cruz Economic Development, 2019)
  • Santa Cruz is the 6th best city for future job growth (Forbes, 2019)
  • North Central Coast, CA area contributes to 10.2% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • North Central Coast, CA area has 62.2% labor force participation rate; within this area, Salinas, CA metro has 62.5% and Santa Cruz-Watsonville, CA metro has 61.8% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Zip Code: 95073

ZipNIR Market*CityMarket2010Year20002019350k400k450k500k550k600k650k700k750k800k850k900kPrice in $335k918k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 95073

No Data Available.

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Mission Hill Middle School Middle Regular 641 26 6
Harbor High School High Regular 1,032 42 8
Soquel High School High Regular 1,075 40 7

Mission Hill Middle School

  • Education Level: Middle
  • # of students: 641
  • # of teachers: 26
6
GreatSchools Rating

Harbor High School

  • Education Level: High
  • # of students: 1,032
  • # of teachers: 42
8
GreatSchools Rating

Soquel High School

  • Education Level: High
  • # of students: 1,075
  • # of teachers: 40
7
GreatSchools Rating
 

$1,498,500$1,831,500$1,665,000

PURCHASE PRICE

$4,248$5,192$4,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $4,720
EXPENSES Loan Payment -$6,143
Property Tax -$1,777
Property Insurance -$99
Property Management Fees -$184
CASH FLOW
-$3,483

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$1,665,000

PROJECTED PRICE

$4,720

PROJECTED RENT

0.28%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

PROJECTED ANNUAL CASH FLOW

11530-$60k-$50k-$40k-$30k-$20k-$10k$0.0

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$1.0M$2.0M$3.0M$4.0M$5.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$446,975

INVESTMENT

$446,975

Down Payment
$416,250
Rehab Estimate
$5,750
Closing Costs
$24,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 100% down payment or higher enables the proceeds from the asset to cover all costs.

$6,143

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $416,250
Loan Amount $1,248,750
See What Happens When You Reinvest Cash Flow

-0.25

YEARS SAVED

-$184

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $4,720

    LIST RENT
  • $1.69

    LIST RENT PER SQFT
  • $4,998

    COMP ESTIMATED VALUE
  • $1.79

    COMP AVG. RENT PER SQFT
Comps Range
$4,500
1$4,5002$4,7203$5,000
$5,000
RENT COMPS ANALYSIS
  • 3300 Greenbrae Ln Soquel, CA 2
    • 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 1978 4 beds 4 baths ∙ 2,800 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $4,720
    • $1.69
    •  
  • 3523 Deanes Ln Capitola, CA 1
    • 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,702 Sqft ∙ Built 1989
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $4,500
    • $1.67
    •  
  • 138 Sir Francis Ct Capitola, CA 3
    • 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 1965 5 beds 4 baths ∙ 2,629 Sqft ∙ Built 1965
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $5,000
    • $1.90
    •  
PROPERTY LISTING DETAILS
Richard White
Sereno Group
BESbswy