Seller's Agent in 2023
Paul Buschur
Buschur Realty
(805) 776-3536
2 in this area
27 Total Sales
1199 Main St Morro Bay, CA 93442
Estimated Value: $1,315,806
3
Beds
3
Baths
3,500
Sq Ft
$376/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Fishing
- Hiking Trails
- Del Mar Elementary School Rated A-
- Corner Lot
- Laundry Room
About This Home
As of July 2023This is a Morro Bay, One of a kind, Mixed-Use Duplex in a fantastic location. This Commercial / Residential property is in excellent condition and offers the owner many options. Consisting of 1197 and 1199 Main St, you can live and work or operate both units as long or short term rentals, or many other options.
1199 Main St is a commercial Property of appx 1500 sf with domestic privileges and registered as a short-term rental. It has a large kitchen, a large bathroom and multiple sleeping areas. It has a beautiful living room area with a gas fireplace and a large secondary room which can be used for living or for a garage. There are a total of 7 off street parking spaces.
1197 Main has its entry on Surf street and is appx 2000 sf. On the lower lever it has a large kitchen, bedroom/office, large bathroom and laundry area. The upstairs has 2 bedrooms, a living room, a family room and a 2nd bathroom. It also has a deck that overlooks Morro Bay and the Rock.
Property has incredible income potential as an Airbnb. Owner says rates of $500-700 per night per unit based on his research. Buyer to verify. Call your agent today to schedule an appointment to see this today.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,505
Year Built
- Built in 2003
Lot Details
- 6,970 Sq Ft Lot
- 1 Common Wall
- Corner Lot
Parking
- 1 Car Garage
Home Design
- 3,500 Sq Ft Home
- Duplex
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Additional Features
- Laundry Room
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 60 / 31
- Assessor Parcel Number 066024020
Community Details
Overview
- 2 Units
- Town Of El Morro Subdivision
- Foothills
Recreation
- Golf Course Community
- Fishing
- Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- 2 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2023
Closed on
Jul 10, 2023
Sold by
Petyko Greg
Bought by
Greg Petyko Revocable Living Trust and Petyko
Seller's Agent
Paul Buschur
Buschur Realty
Buyer's Agent
Jay Chiasson
Navigators Real Estate
List Price
$1,499,000
Sold Price
$1,312,500
Premium/Discount to List
-$186,500
-12.44%
Total Days on Market
29
Views
72
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,306
Avg. Annual Appreciation
2.47%
Original Mortgage
$990,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 1, 2023
Closed on
Jun 21, 2023
Sold by
Ross Calista Elaine
Bought by
Ross George Greene
Seller's Agent
Paul Buschur
Buschur Realty
Buyer's Agent
Jay Chiasson
Navigators Real Estate
List Price
$1,499,000
Sold Price
$1,312,500
Premium/Discount to List
-$186,500
-12.44%
Views
72
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Listed on
Apr 1, 2023
Closed on
May 17, 2023
Sold by
Michael Joseph Gayaldo Living Trust
Bought by
Ross George Greene
Seller's Agent
Paul Buschur
Buschur Realty
Buyer's Agent
Jay Chiasson
Navigators Real Estate
List Price
$1,499,000
Sold Price
$1,312,500
Premium/Discount to List
-$186,500
-12.44%
Views
72
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,000
Interest Rate
6.79%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 14, 2021
Sold by
Rjak Properties Morro Bay Llc
Bought by
Gayaldo Michael J and Michael Joseph Gayaldo Living
Purchase Details
Listed on
Nov 13, 2018
Closed on
Jul 30, 2019
Sold by
Appell Casey and Appell Judith R
Bought by
Rjak Properties Marro Bay Llc
Seller's Agent
Lisa Mia
BHGRE HAVEN PROPERTIES
Buyer's Agent
Lisa Mia
BHGRE HAVEN PROPERTIES
List Price
$1,250,000
Sold Price
$1,110,000
Premium/Discount to List
-$140,000
-11.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%
Original Mortgage
$750,000
Interest Rate
3.8%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 23, 2006
Sold by
Evers Dale J and Evers Heather L
Bought by
Appell Casey and Appell Judith R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,000
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 13, 2006
Sold by
Evers Heather L
Bought by
Evers Dale J and Evers Heather L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,450
Interest Rate
6.18%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 12, 2006
Sold by
Evers Dale J
Bought by
Evers Heather L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,450
Interest Rate
6.18%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Greg Petyko Revocable Living Trust | -- | None Listed On Document | |
| Ross George Greene | -- | Fidelity National Title | |
| Ross George Greene | $1,312,500 | Fidelity National Title | |
| Gayaldo Michael J | $1,140,000 | First American Title Company | |
| Rjak Properties Marro Bay Llc | $1,110,000 | First American Title Company | |
| Appell Casey | $950,000 | First American Title Co | |
| Evers Dale J | $75,000 | Cuesta Title | |
| Evers Heather L | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ross George Greene | $990,000 | |
| Previous Owner | Rjak Properties Marro Bay Llc | $750,000 | |
| Previous Owner | Appell Casey | $500,000 | |
| Previous Owner | Appell Casey | $505,000 | |
| Previous Owner | Evers Dale J | $150,450 | |
| Previous Owner | Evers Dale J | $605,000 | |
| Previous Owner | Evers Dale J | $156,300 | |
| Previous Owner | Evers Dale J | $412,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2023 07/12/23 | Sold | $1,312,500 | -12.4% | $375 / Sq Ft |
| 04/30/2023 04/30/23 | Pending | -- | -- | -- |
| 04/01/2023 04/01/23 | For Sale | $1,499,000 | +35.0% | $428 / Sq Ft |
| 08/01/2019 08/01/19 | Sold | $1,110,000 | -2.5% | $317 / Sq Ft |
| 05/14/2019 05/14/19 | Pending | -- | -- | -- |
| 04/12/2019 04/12/19 | Price Changed | $1,139,000 | -0.9% | $325 / Sq Ft |
| 01/28/2019 01/28/19 | Price Changed | $1,149,000 | -8.1% | $328 / Sq Ft |
| 11/13/2018 11/13/18 | For Sale | $1,250,000 | -- | $357 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $14,505 | $1,338,750 | $561,000 | $777,750 |
| 2024 | $13,128 | $1,312,500 | $550,000 | $762,500 |
| 2023 | $13,128 | $1,186,056 | $624,240 | $561,816 |
| 2022 | $12,305 | $1,162,800 | $612,000 | $550,800 |
| 2021 | $12,509 | $1,121,499 | $606,216 | $515,283 |
| 2020 | $11,791 | $1,110,000 | $600,000 | $510,000 |
| 2019 | $12,234 | $1,140,985 | $600,519 | $540,466 |
| 2018 | $11,994 | $1,118,614 | $588,745 | $529,869 |
| 2017 | $11,759 | $1,096,681 | $577,201 | $519,480 |
| 2016 | $8,310 | $775,000 | $350,000 | $425,000 |
| 2015 | $7,504 | $700,000 | $300,000 | $400,000 |
| 2014 | $7,028 | $700,000 | $300,000 | $400,000 |
Source: Public Records
Agents Affiliated with this Home
-
Paul Buschur
-
Jay Chiasson
Buyer's Agent in 2023
Jay Chiasson
Navigators Real Estate
(805) 591-9931
48 in this area
90 Total Sales
-
Lisa Mia
Seller's Agent in 2019
Lisa Mia
BHGRE HAVEN PROPERTIES
(805) 279-9381
21 in this area
38 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC23053794
APN: 066-024-020
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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