Seller's Agent in 2021
Graham Updegrove
California Coastal Real Estate
(805) 459-1865
1 in this area
99 Total Sales
1350 16th St Oceano, CA 93445
Oceano NeighborhoodEstimated Value: $834,000 - $1,156,000
3
Beds
2
Baths
1,774
Sq Ft
$563/Sq Ft
Est. Value
Highlights
- Updated Kitchen
- Attic
- High Ceiling
- Arroyo Grande High School Rated A-
- Bonus Room
- Granite Countertops
About This Home
As of August 2021Investment Opportunity! Here’s your chance to own a licensed vacation rental generating an average income of $5,100+ per month. Substantially renovated in 2018, this 3 bedroom single level home offers 1,774 square feet of living space with an attractive layout and separate bonus room/office. The living and dining area features vaulted ceilings, a gas log fireplace, new laminate wood floors and sliding door access to the backyard. A west facing patio and built-in Santa Maria style BBQ offer the perfect location to enjoy our Central Coast Sunsets. Kitchen features include knotty pine soft-close cabinetry, stainless steel appliances, granite counters and tiled floors. Three nicely sized bedrooms along with two full baths are just down the hall, plus a bonus room with laundry and access to the attached 2-car garage. The primary bedroom has 10' ceilings along with a lock-off door and exterior access for the possible owners suite, not to mention 350 square feet of attic space. Located in a quiet neighborhood near two elementary schools, just a mile from Oceano dunes + beach access, and 15 miles to downtown San Luis Obispo or renowned Edna Valley wineries, this property offers a fabulous opportunity to own a piece of the Central Coast while earning a strong yield on your investment! Central location and strong bookings with Airbnb Superhost status. Income during the trailing 12-months totaled +/-$61,000 with over 70% occupancy from short term tenants. Take the virtual tour now as physical showings are limited to July 17th at 3pm through July 21st at 2pm due to scheduled tenants.
Last Agent to Sell the Property
California Coastal Real Estate License #01873454 Listed on: 07/17/2021
Home Details
Home Type
- Single Family
Year Built
- Built in 1965
Lot Details
- 7,009 Sq Ft Lot
- Level Lot
Parking
- 2 Car Attached Garage
- Parking Available
- Two Garage Doors
- Driveway
Home Design
- Raised Foundation
- Composition Roof
Interior Spaces
- 1,774 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Gas Fireplace
- Double Pane Windows
- Living Room with Fireplace
- Dining Room
- Bonus Room
- Neighborhood Views
- Pull Down Stairs to Attic
Kitchen
- Updated Kitchen
- Gas Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Jack-and-Jill Bathroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Low Flow Toliet
- Bathtub with Shower
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Patio
- Outdoor Grill
Utilities
- Forced Air Heating System
- Natural Gas Connected
Community Details
- No Home Owners Association
- Oceano Subdivision
Listing and Financial Details
- Assessor Parcel Number 062282083
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 17, 2021
Closed on
Aug 9, 2021
Sold by
Anton Blake T
Bought by
Bassette Reid and Bassette Jacy
Seller's Agent
Graham Updegrove
California Coastal Real Estate
Buyer's Agent
Camille Schwaegerle
The Schwaegerle Team
List Price
$719,000
Sold Price
$760,000
Premium/Discount to List
$41,000
5.7%
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
$238,238
Avg. Annual Appreciation
6.38%
Original Mortgage
$570,000
Outstanding Balance
$518,307
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$479,931
Purchase Details
Listed on
Jul 5, 2016
Closed on
Jan 12, 2017
Sold by
Castaneda Carlos A
Bought by
Anton David C and Anton Joan B
Seller's Agent
Eric Kramp
Century 21 Hometown Realty
Buyer's Agent
Graham Updegrove
California Coastal Real Estate
Sold Price
$512,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Purchase Details
Closed on
Mar 15, 2006
Sold by
Castaneda Carlos A
Bought by
Castaneda Carlos A and Darway Earl J
Purchase Details
Closed on
Feb 11, 2005
Sold by
Bandurraga Michael J and Bandurraga Marian D
Bought by
Castaneda Carlos A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 30, 1994
Sold by
Bandurraga Marian
Bought by
Bandurraga Michael J and Bandurraga Marian D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,387
Interest Rate
7.59%
Mortgage Type
Purchase Money Mortgage
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 |
|---|---|---|---|
| Bassette Reid | $760,000 | First American Title Company | |
| Anton Blake T | -- | None Available | |
| Anton David C | $512,500 | First American Title Company | |
| Castaneda Carlos A | -- | Public | |
| Castaneda Carlos A | $752,000 | Chicago Title Company | |
| Bandurraga Michael J | -- | Ticor Title Insurance Compan |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bassette Reid | $570,000 | |
| Previous Owner | Castaneda Carlos A | $480,000 | |
| Previous Owner | Bandurraga Michael J | $36,387 | |
| Closed | Castaneda Carlos A | $60,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/18/2021 08/18/21 | Sold | $760,000 | +5.7% | $428 / Sq Ft | |
| 07/21/2021 07/21/21 | Pending | -- | -- | -- | |
| 07/17/2021 07/17/21 | For Sale | $719,000 | +40.3% | $405 / Sq Ft | |
| 03/01/2017 03/01/17 | Sold | $512,500 | -- | $411 / Sq Ft | View Prior Sale |
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 | $8,651 | $806,517 | $451,013 | $355,504 |
| 2024 | $8,555 | $790,704 | $442,170 | $348,534 |
| 2023 | $8,555 | $775,200 | $433,500 | $341,700 |
| 2022 | $8,430 | $760,000 | $425,000 | $335,000 |
| 2021 | $4,396 | $382,762 | $148,362 | $234,400 |
| 2020 | $4,349 | $378,838 | $146,841 | $231,997 |
| 2019 | $4,318 | $371,411 | $143,962 | $227,449 |
Source: Public Records
Agents Affiliated with this Home
-
Graham Updegrove
-
Camille Schwaegerle
Buyer's Agent in 2021
Camille Schwaegerle
Keller Williams Realty Central Coast
(805) 776-3036
4 in this area
113 Total Sales
-
Owen Schwaegerle
Buyer Co-Listing Agent in 2021
Owen Schwaegerle
Owen Schwaegerle, Broker
(805) 215-5063
4 in this area
146 Total Sales
-
E
Seller's Agent in 2017
Eric Kramp
Century 21 Hometown Realty
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC21143024
APN: 062-282-083
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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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