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247 High St Santa Cruz, CA, 95060
$1,549,000 $201,000 Home pending 2 beds 1 bath 905 sqft
Approved Development for Seven (7) Unit Luxury Apartment Building. Fully-entitled project consists of five (5) 2BR/2BA + Offices and two (2) 1BR/1BA units including an 1-BR Affordable Unit for a total 12 Bedrooms (17 Rooms/Occupants) and 12 Bathrooms in a stunningly beautiful, all-electric, luxury multifamily design complete with EV charges, security gates, community patio and BBQ area, pet washing station, and secured individual tenant storage lockers for surfboard, bikes, etc. The design is modeled after an adjacent building previously owned by the Seller located at 251 High St which had an 8.7% Avg Annual Rental Rate Growth and an actual Vacancy Factor of less than 0.5% (2015 - 2022) which was recently sold for $6,650,000 or $665,000/Unit and $475,000/Room with a 3.88% Cap Rate and 18.63 GRM. The location is ideally situated on UCSC Bus Line, and close proximity to Downtown Santa Cruz, Google Analytics, and Joby Aviation - all of which are the target demographic of future tenants.
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Property details
905 sqft interior area
Property type
Home
Interior area
905 sqft
View
Bay, City Lights, Greenbelt
Land area
6,939 sqft (0.16 acres)
Price per sqft
$1,711/sqft
Days on Verhouse
201
Address
247 High St, Santa Cruz, CA, 95060
City of California
Santa Cruz
County
Santa Cruz
Year Built
1920
District
Listing
Open Houses
No upcoming open houses
Interior Features
—
Beds
2
Baths
1
Garage & Parking
Attached, Covered
# of fireplaces
1
Fireplaces
Insert, Gas
Heathing & Cooling
None, Natural Gas, Wall Furnace
Other rooms
Formal Dining Room
Listed by
Troy Hinds, David Lyng Real Estate
Name
Troy Hinds
License number
01803325
Brokerage company
David Lyng Real Estate
MLS #
ML81944586
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Calculate your monthly payments
Mortgage
$4,756
Taxes
$0
HOA dues
$0
Mortgage
$309,800 / 20%
2.28%
30 years
Your amount
$4,756 / month
Exterior Features
Shingle roof
Roof
Shingle
Lot details
TMK #00617102000
Lot Description
Level
Parcel nr.
00617102000
95060 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
—
no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 95060
39%
Families with children
National average: 39%
50%
Non family households
93,558
Population
$111,287
Average Income
Age & gender
Median age 37 years
More info
Commute types
72% commute by car
More info
Education level
25% have bachelor education
More info
Number of employees
13% work in education and healthcare
More info
Vehicles available
35% have 2 vehicle
More info
Vehicles by gender
35% have 2 vehicle
More info
Housing market insights for
$1.32m
Neighborhood average
sales price*
sales price*
$1.21m
Neighborhood median
sales price*
sales price*
171
Number
of sales*
of sales*
Housing type
57% are single detacheds
More info
Rooms
37% of the houses have 4 or 5 rooms
More info
Bedrooms
62% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are owners
More info
14.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Pending Mar 30, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 30, 2024 | Pending | $1,549,000 | 223.26 | MLS #ML81944584 |
| Dec 16, 2023 | Under contract | $1,549,000 | 223.26 | MLS #ML81944584 |
| Nov 7, 2023 | Price Decrease | $1,549,000 -11.49% | 223.26 | MLS #ML81944584 |
| Oct 23, 2023 | Price Decrease | $1,750,000 -7.65% | 252.23 | MLS #ML81944584 |
| Oct 10, 2023 | New Listing | $1,895,000 +22.34% | 273.13 | MLS #ML81944584 |
| Oct 10, 2023 | New Listing | $1,895,000 +180.74% | 2093.92 | MLS #ML81944586 |
| Mar 30, 2024 | Pending | $1,549,000 | 1711.6 | MLS #ML81944586 |
| Dec 16, 2023 | Under contract | $1,549,000 | 1711.6 | MLS #ML81944586 |
| Nov 7, 2023 | Price Decrease | $1,549,000 -11.49% | 1711.6 | MLS #ML81944586 |
| Oct 23, 2023 | Price Decrease | $1,750,000 -7.65% | 1933.7 | MLS #ML81944586 |
| Sep 18, 2019 | Unavailable | $675,000 | 745.86 | MLS #ML81763954 |
| Aug 9, 2019 | Sold | $675,000 | 745.86 | Public Record |
| Aug 9, 2019 | Under contract | $675,000 | 745.86 | MLS #ML81763954 |
| Aug 9, 2019 | New Listing | $675,000 | 745.86 | MLS #ML81763954 |
Taxes of 247 High St, Santa Cruz, CA, 95060
R-M zoning / MLS #ML81944586
Zoning
R-M
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Frequently Asked Questions about 247 High St
What is 247 High St?
247 High St, Santa Cruz, CA, 95060 is a single family home located in the city of Santa Cruz, California with zipcode 95060. This single family home has 2 bedrooms & 1 bathroom with an interior area of 905 sqft.
Which year was this home built?
This home was build in 1920.
What is the full address of this Home?
247 High St, Santa Cruz, CA, 95060.
Are grocery stores nearby?
The closest grocery stores are Trader Joe's, 0.49 miles away and True Olive Connection, 0.5 miles away.
What is the neighborhood like?
The 95060 zip area has a population of 93,558, and 39% of the families have children. The median age is 37.11 years and 72% commute by car. The most popular housing type is "single detached" and 51% is owner.
Based on information from the bridgeMLS as of 04-27-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 30, 2024
Verhouse Last checked 1 minute ago
The closest grocery stores are Trader Joe's, 0.49 miles away and True Olive Connection, 0.5 miles away.
The 95060 zip area has a population of 93,558, and 39% of the families have children. The median age is 37.11 years and 72% commute by car. The most popular housing type is "single detached" and 51% is owner.
*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.
