NOT LISTED FOR SALE

175 Formosa St Morro Bay, CA 93442

Estimated Value: $928,121 - $1,335,000

3 Beds
2 Baths
1,415 Sq Ft
$809/Sq Ft Est. Value

Last Sold March 06, 2015

Last sale price $550,000 $389 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $6,581/month

102 Days on Market

Highlights

  • Wood Flooring
  • Main Floor Primary Bedroom
  • No HOA
  • Del Mar Elementary School Rated A-
  • Sun or Florida Room
  • Den

About This Home

As of March 2015

Easy living in the Beach Tract. Relax in this 3bd/1.75 bath single level home. Some hardwood flooring. Nice sunroom. Enjoy the peace and quiet, with only the sounds of the ocean or stroll the one and a half blocks to watch the waves and stellar sunsets. Dual pane windows.

Last Agent to Sell the Property

Doug Riddell

Coast Realty License #00987267 Listed on: 12/14/2014

Last Buyer's Agent

Frankie Ciano

Ciano Real Estate, Inc. License #01412309

Home Details

Home Type

  • Single Family

Lot Details

  • 5,201 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Parking Available

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,415 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Den
  • Sun or Florida Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Breakfast Bar
  • Electric Cooktop
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 065133018

Home Details

Home Type

Single Family

Lot Details

0

Parking

2

Listing Details

  • Subdivision Name Other: Beach Tract(730)
  • View: No
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065133018
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1415.00
  • Flooring: Vinyl, Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar, Breakfast Nook
  • Fireplace Features: Family Room, Wood Burning
  • Levels: One
  • Price Per Square Foot: 388.69
  • Room Type: Den, Main Floor Master Bedroom, Sun

Exterior Features

  • Patio: Yes
  • Foundation: Slab, Raised
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Enclosed, Patio
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Cooking, Disposal, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5201.00
  • Lot Size Acres: 0.1190

Multi Family

  • Lot Size Area: 5201.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2014
Closed on
Feb 15, 2015
Sold by
Truxaw John W and Truxaw Patricia M
Bought by
Dean & Renee Barcellos Living Trust
Seller's Agent
Doug Riddell
Coast Realty
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%
Current Estimated Value
$1,144,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$594,530
Avg. Annual Appreciation
6.99%
Original Mortgage
$350,000
Outstanding Balance
$266,181
Interest Rate
3.57%
Mortgage Type
New Conventional
Estimated Equity
$878,349
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Dean & Renee Barcellos Living Trust $555,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dean & Renee Barcellos Living Trust $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2015 03/06/15 Sold $550,000 -5.7% $389 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
01/28/2015 01/28/15 Price Changed $583,000 +0.5% $412 / Sq Ft
01/28/2015 01/28/15 Price Changed $580,000 -2.5% $410 / Sq Ft
12/14/2014 12/14/14 For Sale $595,000 0.0% $420 / Sq Ft
11/28/2014 11/28/14 Pending -- -- --
10/24/2014 10/24/14 For Sale $595,000 -- $420 / 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 $7,227 $667,015 $420,641 $246,374
2024 $7,096 $653,938 $412,394 $241,544
2023 $7,096 $641,116 $404,308 $236,808
2022 $6,652 $628,546 $396,381 $232,165
2021 $6,546 $616,222 $388,609 $227,613
2020 $6,479 $609,905 $384,625 $225,280
2019 $6,411 $597,947 $377,084 $220,863
2018 $6,286 $586,224 $369,691 $216,533
2017 $6,163 $574,731 $362,443 $212,288
2016 $6,042 $563,463 $355,337 $208,126
2015 $1,483 $138,373 $44,275 $94,098
2014 $1,292 $135,663 $43,408 $92,255
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1049440

California Regional Multiple Listing Service (CRMLS)

APN: 065-133-018