NOT LISTED FOR SALE

1198 Main St Morro Bay, CA 93442

Estimated Value: $967,000 - $1,077,000

3 Beds
3 Baths
1,987 Sq Ft
$353/mo HOA Fee

Last Sold April 10, 2018

Last sale price $625,000 $315 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $6,580/month

42 Days on Market

Highlights

  • Primary Bedroom Suite
  • Open Floorplan
  • Main Floor Bedroom
  • Del Mar Elementary School Rated A-
  • Traditional Architecture
  • Living Room with Attached Deck

About This Home

As of April 2018

3 bedroom 2 and 3/4 baths. Large master suite with on suite bath and walk- in closet. Master and secondary bedroom on the upper level with large living room and kitchen. Third bedroom and full bath is located on the first level. Very large kitchen with island, lazy Susan, pull out shelves. Tons of storage for dishes, pans ETC. Mood lighting with under counter lights. Beautiful granite counter tops. Big dining area off of living room and kitchen. Sliding glass door to patio. Patio faces the outside of the complex and for privacy does not face the other units or their decks. Unit is located on the Surf side of the buiilding away from mechanic shop and trash bin odors. Wood blinds in living room, shades in bedrooms. inviting gas fireplace in the living room for those cool Morro Bay evenings. Wall to wall carpet, slate floors in the kitchen and travertine floors in the bathrooms. 2 car attached garage with plenty of storage. Washer hookups inside on the lower level. Ceiling fans in living room and bedrooms. VERY bright unit with plenty of large windows. Home is very close to downtown, restaurants, shops, Embarcadero, harbor, movie theater, grocery stores,post office, gyms. Easy access to Hwy.one. HOA dues cover Water which is a hugh deal in Morro Bay. HOA also covers, outside and liability insurance, maintenance, landscaping. This unit is extremely well maintained and NEVER used as a vacation rental.

Last Agent to Sell the Property

Vicki Madden

Estate Properties License #00629923 Listed on: 01/06/2018

Last Buyer's Agent

Tim Riley

Century 21 Masters License #01280227

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,705

Year Built

  • Built in 2006

Lot Details

  • Property fronts an alley
  • 1 Common Wall
  • Front and Side Yard Sprinklers

HOA Fees

  • $353 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Traditional Architecture
  • Composition Roof
  • Common Roof
  • Copper Plumbing

Interior Spaces

  • 1,987 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Blinds
  • Window Screens
  • Formal Entry
  • Living Room with Fireplace
  • Living Room with Attached Deck
  • Dining Room
  • Storage
  • Rock Views
  • Pest Guard System

Kitchen

  • Breakfast Bar
  • Convection Oven
  • Built-In Range
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Pots and Pans Drawers

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Stone Bathroom Countertops
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer Hookup

Accessible Home Design

  • Grab Bar In Bathroom
  • More Than Two Accessible Exits

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Central Heating
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 066314004

Community Details

Overview

  • Master Insurance
  • 9 Units
  • Sunset Place Association
  • Maintained Community

Amenities

  • Laundry Facilities

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,705

Year Built

Built in 2006

Lot Details

0

HOA Fees

$353 per month

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Alley Paved, Maintained, Paved
  • Subdivision Name Other: Sunset Place
  • View: Yes
  • Architectural Style: Traditional
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 066314004
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1987.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, Ceiling Fan(s), Copper Plumbing Full, Granite Counters, Living Room Deck Attached, Open Floorplan, Storage
  • Stories: 2
  • Entry Location: Ground level
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Stone
  • Accessibility Features: 2+ Access Exits, Grab Bars In Bathroom(s)
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 3
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 314.54
  • Room Type: Entry, Formal Entry, Kitchen, Living Room, Main Floor Bedroom, Master Suite, Walk-In Closet
  • Window Features: Blinds, Screens
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Exhaust Fan(s), Stone Counters, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Island, Pots & Pan Drawers

Exterior Features

  • Patio: Yes
  • Exterior Features: Rain Gutters
  • View: Rocks
  • Patio And Porch Features: Covered, Deck
  • Pool Private: No
  • Roof: Common Roof, Composition

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Convection Oven, Dishwasher, Electric Cooktop, Gas Water Heater, Ice Maker, Water Line to Refrigerator
  • Heating Type: Central, Fireplace(s)
  • Laundry Features: Common Area, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pest Control, Insurance, Maintenance Grounds, Trash, Utilities, Sewer, Water, Dues Paid Monthly, Pets Permitted
  • Association Fee: 352.64
  • Association Fee Frequency: Monthly
  • Association Name: Sunset Place
  • Senior Community: No
  • Community Features: Curbs

Schools

  • School District: More Than 1 District - Call L/O

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Sprinkler System, Sprinklers In Front, Sprinklers On Side, Sprinklers Timer
  • Lot Size Sq Ft: 1987.00

Multi Family

  • Lease Considered: Yes
  • Number Of Units In Community: 9
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 106.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2018
Closed on
Feb 26, 2018
Sold by
Madden Robert J and Madden Vicki S
Bought by
Cadman Sarah L
Seller's Agent
Vicki Madden
Estate Properties
Buyer's Agent
Tim Riley
Century 21 Masters
List Price
$629,000
Sold Price
$625,000
Premium/Discount to List
-$4,000
-0.64%
Current Estimated Value
$1,024,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$399,951
Avg. Annual Appreciation
6.93%
Original Mortgage
$453,100
Outstanding Balance
$389,296
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$635,655

Purchase Details

Closed on
Feb 1, 2016
Sold by
Madden Robert J and Madden Vicki
Bought by
Madden Robert J and Madden Vicki S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Interest Rate
3.94%
Mortgage Type
New Conventional
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
Cadman Sarah L $625,000 Fidelity National Title Co
Madden Robert J -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cadman Sarah L $453,100
Previous Owner Madden Robert J $295,000
Previous Owner Dunes Mb Sunset Place Llc $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2018 04/10/18 Sold $625,000 -0.6% $315 / Sq Ft
02/17/2018 02/17/18 Pending -- -- --
01/06/2018 01/06/18 For Sale $629,000 -- $317 / 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 $7,705 $711,139 $369,792 $341,347
2024 $7,566 $697,196 $362,542 $334,654
2023 $7,566 $683,527 $355,434 $328,093
2022 $7,092 $670,125 $348,465 $321,660
2021 $6,979 $656,986 $341,633 $315,353
2020 $6,907 $650,250 $338,130 $312,120
2019 $6,836 $637,500 $331,500 $306,000
2018 $5,505 $513,444 $225,195 $288,249
2017 $5,397 $503,378 $220,780 $282,598
2016 $5,292 $493,508 $216,451 $277,057
2015 $5,211 $486,096 $213,200 $272,896
2014 $4,719 $470,000 $205,000 $265,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB18004141

California Regional Multiple Listing Service (CRMLS)

APN: 066-314-004