NOT LISTED FOR SALE

1031 Balboa St Morro Bay, CA 93442

Estimated Value: $786,181 - $906,000

2 Beds
1 Bath
731 Sq Ft
$1,143/Sq Ft Est. Value

Last Sold September 10, 2021

Last sale price $679,000 $929 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,198/month

8 Days on Market

Highlights

  • Detached Guest House
  • Fishing
  • View of Hills
  • Del Mar Elementary School Rated A-
  • RV Access or Parking
  • Property is near a park

About This Home

As of September 2021

Live the beach lifestyle in these adorable Morro Bay cottages. Single level living at a significant value. Main home is a two bedroom with a full bathroom.
Freshly painted with new range, hood, vinyl flooring, and indoor laundry. Studio with ample space, bathroom, fully equipped kitchen, and private fenced yard. Large 5,000 sq' lot with deep driveway and 2 separate storage sheds. Short distance to downtown, grocery stores, restaurants, and access to Morro Bay State Park!

Last Agent to Sell the Property

Frankie Ciano

Ciano Real Estate, Inc. License #01412309 Listed on: 07/29/2021

Last Buyer's Agent

Frankie Ciano

Ciano Real Estate, Inc. License #01412309 Listed on: 07/29/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,730

Year Built

  • Built in 1940

Lot Details

  • 5,000 Sq Ft Lot
  • Wood Fence
  • Property is zoned RSF

Home Design

  • Cottage
  • Stucco

Interior Spaces

  • 731 Sq Ft Home
  • 1-Story Property
  • Views of Hills
  • Laundry Room

Kitchen

  • Gas Range
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub
  • Walk-in Shower

Parking

  • Parking Available
  • Combination Of Materials Used In The Driveway
  • Paved Parking
  • RV Access or Parking

Outdoor Features

  • Concrete Porch or Patio
  • Shed

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Cable TV Available

Additional Features

  • Detached Guest House
  • Property is near a park

Listing and Financial Details

  • Legal Lot and Block 16 / 7
  • Assessor Parcel Number 066101013

Community Details

Overview

  • No Home Owners Association
  • Morro Heights Subdivision

Recreation

  • Fishing
  • Park
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,730

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: RSF
  • Architectural Style: Cottage
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066101013
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 731.00 Square Feet
  • Interior Amenities: Formica Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 928.86
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bathtub, Shower

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House, Guest House Detached, Shed(s)
  • View: Hills
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete, Patio
  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway - Combination, Concrete, RV Access/Parking

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Range, Disposal, Gas Range, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Hiking, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Park Nearby
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 106.02
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Sep 10, 2021
Sold by
Pierce Donald W
Bought by
Pierce Evelyn M
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$699,000
Sold Price
$679,000
Premium/Discount to List
-$20,000
-2.86%
Current Estimated Value
$835,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,795
Avg. Annual Appreciation
5.08%
Original Mortgage
$611,100
Outstanding Balance
$562,081
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$263,676

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 23, 2021
Sold by
Pierce Evelyn M and Pierce Donald W
Bought by
Frisch Alexis and Jacobs Dane C
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$699,000
Sold Price
$679,000
Premium/Discount to List
-$20,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,100
Outstanding Balance
$562,081
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$263,676

Purchase Details

Closed on
Apr 1, 2005
Sold by
Pierce Donald W and Pierce Evelyn M
Bought by
Pierce Donald W and Pierce Evelyn M
Source: Public Records

Range of Values:

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Average Value
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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
Pierce Evelyn M -- --
Frisch Alexis $679,000 First American Title Company
Pierce Donald W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frisch Alexis $611,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2021 09/10/21 Sold $679,000 -2.9% $929 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $699,000 -- $956 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $7,730 $720,559 $530,604 $189,955
2024 $7,589 $706,431 $520,200 $186,231
2023 $7,589 $692,580 $510,000 $182,580
2022 $7,111 $679,000 $500,000 $179,000
2021 $1,803 $169,724 $106,081 $63,643
2020 $1,784 $167,985 $104,994 $62,991
2019 $1,766 $164,692 $102,936 $61,756
2018 $1,731 $161,464 $100,918 $60,546
2017 $1,697 $158,299 $98,940 $59,359
2016 $1,664 $155,196 $97,000 $58,196
2015 $1,639 $152,865 $95,543 $57,322
2014 $1,505 $149,872 $93,672 $56,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC21165079

California Regional Multiple Listing Service (CRMLS)

APN: 066-101-013