NOT LISTED FOR SALE

1881 Sunset Ave Morro Bay, CA 93442

Estimated Value: $824,000 - $1,011,000

3 Beds
2.5 Baths
1,798 Sq Ft
$509/Sq Ft Est. Value

Last Sold July 21, 2015

Last sale price $410,000 $228 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $5,219/month

618 Days on Market

Highlights

  • Heated Spa
  • City Lights View
  • Main Floor Primary Bedroom
  • Active Adult
  • Deck
  • L-Shaped Dining Room

About This Home

As of July 2015

Price reduced for this 3 bedroom, 3-bath home. There's a large Living room with fireplace, spacious kitchen, formal dining area, a private office with bath, and downstairs is a former beauty shop with potential as an apartment. Separate RV garage and 2-car garage plus off street parking area. Lot Description: 50 x 108

Last Agent to Sell the Property

Matthew Franklin

Franklin Real Estate & Rentals License #01326603 Listed on: 04/08/2014

Last Buyer's Agent

Sherry PeckHoon Sim

SIM Real Estate License #01385503

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1959

Lot Details

  • 5,401 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Lot Sloped Down
  • Property is zoned R4,COMR

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • City Lights
  • Rock

Home Design

  • Pillar, Post or Pier Foundation
  • Raised Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,798 Sq Ft Home
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Home Office
  • Vinyl Flooring
  • Basement

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Heated Spa
  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • Active Adult
  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 068282030

Home Details

Home Type

Single Family

Year Built

Built in 1959

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Subdivision Name Other: Morro del Mar(800)
  • View: Yes
  • Zoning: R4,COMR
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 068282030
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1798.00
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Ell, Dining Room
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Price Per Square Foot: 228.03
  • Room Type: Basement, Den, Living Room, Master Bedroom, Main Floor Master Bedroom, Office
  • Spa Features: Heated

Exterior Features

  • Patio: Yes
  • Foundation: Pillar/Post/Pier, Raised
  • View: City Lights, Rocks
  • Patio And Porch Features: Deck
  • Roof: Rolled/Hot Mop, Shingle
  • Spa: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Covered, Driveway
  • Total Parking Spaces: 3.00

Utilities

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

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Sloped Down, Paved
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1240

Multi Family

  • Lot Size Area: 5401.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 4, 2016
Sold by
Finch Gregory J and Finch Jill E
Bought by
Finch Gregory J and Finch Jill E
Current Estimated Value
$914,295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,800
Outstanding Balance
$263,595
Interest Rate
3.46%
Mortgage Type
New Conventional
Estimated Equity
$650,700

Purchase Details

Listed on
Apr 8, 2014
Closed on
Jul 22, 2015
Sold by
Finch Gregory J and Finch Jill E
Bought by
Finch Family Trust
Seller's Agent
Matthew Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Sherry PeckHoon Sim
SIM Real Estate
List Price
$525,000
Sold Price
$410,000
Premium/Discount to List
-$115,000
-21.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%
Original Mortgage
$328,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 8, 2014
Closed on
Jun 26, 2015
Sold by
Silver James S and Silver Ilene M
Bought by
Finch Gregory J and Finch Jill E
Seller's Agent
Matthew Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Sherry PeckHoon Sim
SIM Real Estate
List Price
$525,000
Sold Price
$410,000
Premium/Discount to List
-$115,000
-21.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2011
Sold by
Silver James S and Silver Ilene M
Bought by
Silver James S and Silver Ilene M

Purchase Details

Closed on
Nov 29, 2005
Sold by
Silver James S and Silver Ilene M
Bought by
Swensen Yun
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
Finch Gregory J -- First American Title Company
Finch Gregory J -- First American Title Company
Finch Family Trust -- None Available
Finch Gregory J $410,000 First American Title Company
Silver James S -- None Available
Swensen Yun $650,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Finch Gregory J $328,800
Closed Finch Gregory J $328,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2015 07/21/15 Sold $410,000 0.0% $228 / Sq Ft
06/17/2015 06/17/15 Pending -- -- --
06/17/2015 06/17/15 Off Market $410,000 -- --
10/31/2014 10/31/14 Pending -- -- --
10/31/2014 10/31/14 Price Changed $499,000 +16.3% $278 / Sq Ft
07/13/2014 07/13/14 Price Changed $429,000 -4.5% $239 / Sq Ft
06/24/2014 06/24/14 Price Changed $449,000 -8.2% $250 / Sq Ft
06/14/2014 06/14/14 Price Changed $489,000 -2.0% $272 / Sq Ft
05/02/2014 05/02/14 Price Changed $499,000 -3.1% $278 / Sq Ft
04/11/2014 04/11/14 Price Changed $515,000 -1.9% $286 / Sq Ft
04/08/2014 04/08/14 For Sale $525,000 +28.0% $292 / Sq Ft
04/07/2014 04/07/14 Off Market $410,000 -- --
03/08/2014 03/08/14 Price Changed $525,000 -4.5% $292 / Sq Ft
12/24/2013 12/24/13 Price Changed $550,000 -4.3% $306 / Sq Ft
10/07/2013 10/07/13 For Sale $575,000 -- $320 / 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 $5,259 $485,351 $295,947 $189,404
2024 $5,164 $475,836 $290,145 $185,691
2023 $5,164 $466,506 $284,456 $182,050
2022 $4,840 $457,360 $278,879 $178,481
2021 $4,763 $448,393 $273,411 $174,982
2020 $4,714 $443,796 $270,608 $173,188
2019 $4,665 $435,095 $265,302 $169,793
2018 $4,574 $426,564 $260,100 $166,464
2017 $4,484 $418,200 $255,000 $163,200
2016 $4,396 $410,000 $250,000 $160,000
2015 $1,280 $119,413 $13,445 $105,968
2014 -- $117,075 $13,182 $103,893
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC201190

California Regional Multiple Listing Service (CRMLS)

APN: 068-282-030