NOT LISTED FOR SALE

1270 Prescott Dr Morro Bay, CA 93442

Estimated Value: $838,544 - $895,000

3 Beds
2 Baths
1,168 Sq Ft
$733/Sq Ft Est. Value

Last Sold June 28, 2018

Last sale price $500,000 $428 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,140/month

34 Days on Market

Highlights

  • Ocean View
  • Private Yard
  • Laundry Room
  • Del Mar Elementary School Rated A-
  • No HOA
  • 3-minute walk to Morro Bay Bike Park

About This Home

As of June 2018

One of the most affordable 3 bedroom, 2 full bath homes in Morro Bay. View (partial) of the ocean and Morro Rock from upstairs living room. Newly remodeled kitchen with custom cabinets and granite counter tops. New dual-pane windows, newer roof, trex decking and awesome outdoor shower for the post session. Nice side yard with large storage shed and a outdoor fire pit for the brisk evenings.

Last Agent to Sell the Property

Randy Steiger

RE/MAX Success License #01084549 Listed on: 04/26/2018

RE/MAX Success

Last Buyer's Agent

Sheelagh Thomas

Compass California, Inc.-PB License #00774316

Compass California, Inc.-PB

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,164

Year Built

  • Built in 1975

Lot Details

  • 4,000 Sq Ft Lot
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Shingle Roof

Interior Spaces

  • 1,168 Sq Ft Home
  • Family Room
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Exterior Lighting

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 068172010

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,164

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Surface Type: Paved
  • Subdivision Name Other: Harbor Tract(760)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 068172010
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1168.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 428.08
  • Room Type: Family Room, Kitchen

Exterior Features

  • View: Ocean, Peek-A-Boo
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Yard
  • Lot Size Sq Ft: 4000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 106.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2018
Closed on
Jun 5, 2018
Sold by
Gibson Christopher
Bought by
Lippincott Jessica A
Seller's Agent
Randy Steiger
RE/MAX Success
Buyer's Agent
Sheelagh Thomas
Compass California, Inc.-PB
List Price
$549,900
Sold Price
$500,000
Premium/Discount to List
-$49,900
-9.07%
Current Estimated Value
$855,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,636
Avg. Annual Appreciation
8.06%
Original Mortgage
$40,000
Outstanding Balance
$34,743
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$839,875

Purchase Details

Closed on
Nov 4, 2014
Sold by
Wolfe Justin
Bought by
Wolfe Justin and Wolfe Caitlin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2009
Sold by
Merzon James B and Trust A & B
Bought by
Wolfe Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 12, 2009
Sold by
Wolfe Jill
Bought by
Wolfe Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,500
Interest Rate
5.17%
Mortgage Type
Purchase Money Mortgage
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
Lippincott Jessica A -- Fidelity National Title Co
Lippincoyt Jessica A $500,000 Fidelity National Title Co
Wolfe Justin -- Fidelity National Title Co
Wolfe Justin $295,000 Fidelity National Title Co
Wolfe Justin -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lippincoyt Jessica A $40,000
Previous Owner Wolfe Justin $295,000
Previous Owner Wolfe Justin $268,000
Previous Owner Wolfe Justin $25,000
Previous Owner Wolfe Justin $265,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2018 06/28/18 Sold $500,000 -9.1% $428 / Sq Ft
05/30/2018 05/30/18 Pending -- -- --
04/26/2018 04/26/18 For Sale $549,900 -- $471 / 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 $6,164 $568,910 $369,792 $199,118
2024 $6,053 $557,756 $362,542 $195,214
2023 $6,053 $546,821 $355,434 $191,387
2022 $5,673 $536,100 $348,465 $187,635
2021 $5,583 $525,589 $341,633 $183,956
2020 $5,526 $520,200 $338,130 $182,070
2019 $5,468 $510,000 $331,500 $178,500
2018 $3,580 $333,863 $198,056 $135,807
2017 $3,510 $327,318 $194,173 $133,145
2016 $3,366 $320,901 $190,366 $130,535
2015 $3,313 $316,082 $187,507 $128,575
2014 $3,041 $309,891 $183,834 $126,057
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18096572

California Regional Multiple Listing Service (CRMLS)

APN: 068-172-010