NOT LISTED FOR SALE

1195 Monterey Ave Morro Bay, CA 93442

Estimated Value: $934,000 - $1,015,000

2 Beds
2 Baths
924 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold October 20, 2021

Last sale price $850,000 $920 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,127/month

49 Days on Market

Highlights

  • No HOA
  • Hiking Trails
  • Park
  • Del Mar Elementary School Rated A-
  • 1 Car Attached Garage
  • Laundry Room

About This Home

As of October 2021

Classic Mid Century Modern Home in the Heart of Downtown Morro Bay! 1950 Built with stylish upgrades and well maintained. A significant bonus is the R4 Multifamily zoned 6000sqft lot, allowing for additional units. Ideally situated on a corner lot walkable to local restaurants, the Waterfront, parks and all things Morro Bay. New Paint, Gutters, dual pane windows, updated kitchen throughout including appliances plus refinished original oak floors! This Coastal escape is the perfect single level home you can cozy up to the wood burning fireplace and enjoy. A modern driveway gate with obscured panels protects and enhances the outdoor living areas. The Garage is an oversized one car with tall ceilings. The yardspace is functional and spacious front and back, mature drought tolerant landscaping with drip system. Further your urban garden ideas here and get some veggie beds growing as the bounty is already plentiful from the Lemon and Plum Trees, YUM! In the privatized back yard there is room for abundant options, including boat/RV storage, or Mobile ADU. Regarding the R4 zoning, Plans for a Triplex have been drafted previously. (Check with City of Morro Bay Planning Dept. for current allowances/building guidelines.) Mid Century Modern Homes like this seldom are available, especially in a open corner lot location!

Last Agent to Sell the Property

Jay Chiasson

Navigators Real Estate License #01836276 Listed on: 06/21/2021

Co-Listed By

Hailey Chiasson

Navigators Real Estate License #01902464

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,773

Year Built

  • Built in 1950

Lot Details

  • 5,959 Sq Ft Lot
  • Density is 2-5 Units/Acre
  • Property is zoned R4

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 924 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Listing and Financial Details

  • Legal Lot and Block 12 / 1
  • Tax Tract Number 53
  • Assessor Parcel Number 066311006

Community Details

Overview

  • No Home Owners Association
  • Town Of El Morro Subdivision

Recreation

  • Park
  • Dog Park
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,773

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: No
  • Other Phone Description: Hailey
  • Other Phone Number: 805-215-2165
  • Property Attached: No
  • Subdivision Name Other: Town of El Morro(830)
  • View: No
  • Zoning: R4
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066311006
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 924.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 919.91
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Park

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5959.00
  • Lot Size Acres: 0.1368

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5959.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 1
  • Tax Census Tract: 106.03
  • Tax Lot: 12
  • Tax Tract Number: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Lorber Robby and Lorber Mary Beooke
Bought by
Jennings Julie Anne
Current Estimated Value
$975,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2020
Sold by
Lorber Robby and Lorber Mary Brooke
Bought by
Lorber Robby and Lorber Mary Brooke

Purchase Details

Closed on
Aug 17, 2016
Sold by
Lorber Robby
Bought by
Lorber Robby and Lorber Mary Brooke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,400
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 14, 2010
Sold by
Lamb Robert
Bought by
Lorber Robby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
4.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2005
Sold by
Farrell John P and Farrell Susan D
Bought by
Lamb Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
2%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 30, 2000
Sold by
Tinker Geraldine J and Anderson Nels Scott
Bought by
Farrell John P and Farrell Susan D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,250
Interest Rate
7.98%

Purchase Details

Closed on
Nov 20, 1996
Sold by
Anderson Theresa
Bought by
Tinker Geraldine J and Anderson Nels Spencer

Purchase Details

Closed on
May 10, 1994
Sold by
Anderson Nels Spencer
Bought by
Anderson Theresa

Purchase Details

Closed on
Apr 20, 1994
Sold by
Anderson Theresa
Bought by
Anderson Theresa
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jennings Julie Anne $850,000 First American Title Company
Lorber Robby -- None Available
Lorber Robby -- Fidelity National Title Co
Lorber Robby $320,000 Fidelity National Title Co
Lamb Robert $575,000 Chicago Title Co
Farrell John P $245,000 Fidelity National Title Co
Tinker Geraldine J -- --
Anderson Theresa -- --
Anderson Theresa -- --
Anderson Theresa -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jennings Julie Anne $230,000
Previous Owner Lorber Robby $270,000
Previous Owner Lorber Robby $232,400
Previous Owner Lorber Robby $256,000
Previous Owner Lamb Robert M $75,000
Previous Owner Lamb Robert $480,000
Previous Owner Lamb Robert $460,000
Previous Owner Farrell John P $220,000
Previous Owner Farrell John P $220,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2021 10/20/21 Sold $850,000 0.0% $920 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $850,000 -- $920 / 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 $9,773 $985,926 $663,255 $322,671
2024 $9,597 $884,340 $650,250 $234,090
2023 $9,597 $867,000 $637,500 $229,500
2022 $8,995 $850,000 $625,000 $225,000
2021 $3,949 $378,747 $295,899 $82,848
2020 $3,908 $374,864 $292,865 $81,999
2019 $3,866 $367,515 $287,123 $80,392
2018 $3,863 $360,310 $281,494 $78,816
2017 $3,788 $353,246 $275,975 $77,271
2016 $3,713 $346,320 $270,564 $75,756
2015 $3,657 $341,119 $266,500 $74,619
2014 $3,358 $334,438 $261,280 $73,158
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC21134185

California Regional Multiple Listing Service (CRMLS)

APN: 066-311-006