NOT LISTED FOR SALE

1898 Main St Morro Bay, CA 93442

Estimated Value: $1,615,503 - $2,037,000

9 Beds
6 Baths
3,892 Sq Ft
$463/Sq Ft Est. Value

Last Sold November 02, 2012

Last sale price $687,500 $177 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $10,189/month

12 Days on Market

Highlights

  • Laundry Room
  • Del Mar Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of November 2012

Marketing Remarks: Beautiful Tri-Plex located in Morro Bay. Three, 3 bedroom, 2 bath apartments. Two back units have two car garages and front unit has one car garage and car-port. Convenient location, blocks to beach, close to park and center of town. The listing is for 3 separate addresses and leases for 1898, 1896, and 1894 Main. All units are currently under lease.

Last Agent to Sell the Property

Tim Kubinski

Holland Strand Real Estate License #01909421 Listed on: 09/26/2012

Last Buyer's Agent

Tim Kubinski

Holland Strand Real Estate License #01909421 Listed on: 09/26/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 6,011

Home Design

  • 3,892 Sq Ft Home
  • Slab Foundation
  • Shingle Roof

Parking

  • Parking Available
  • Covered Parking

Additional Features

  • Laundry Room
  • 6,011 Sq Ft Lot
  • Forced Air Heating System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 068282016

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Security: Fire Sprinkler System
  • Zoning: RMF
  • Property Type: Residential Income
  • Parcel Number: 068282016
  • Year Built: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 176.64

Exterior Features

  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered

Utilities

  • Laundry: Yes
  • Heating Type: Forced Air

Lot Info

  • Lot Size Sq Ft: 6011.00
  • Lot Size Acres: 0.1300

Multi Family

  • Lot Size Area: 0.1300 Acres
  • Number Of Units Total: 3
  • Operating Expense: 5000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2012
Closed on
Oct 15, 2012
Sold by
Mcdonald Dillon S and Jacobson Christina Y
Bought by
Battaglia Joseph C and Joseph C Battaglia Living Trus
Seller's Agent
Tim Kubinski
Holland Strand Real Estate
Buyer's Agent
Tim Kubinski
Holland Strand Real Estate
List Price
$749,000
Sold Price
$687,500
Premium/Discount to List
-$61,500
-8.21%
Current Estimated Value
$1,802,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,114,876
Avg. Annual Appreciation
7.57%

Purchase Details

Closed on
Sep 9, 2009
Sold by
Jacobson Christina Y
Bought by
Mcdonald Dillon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Mcdonald Dillon S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Mcdonald Dillon S and Jacobson Christina Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,500
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2008
Sold by
Fierro Faries E and Fierro Carey
Bought by
Deutsche Bank National Trust Company and Impac Secured Assets Corp Mortgage Pass

Purchase Details

Closed on
Oct 2, 2007
Sold by
Faries E Shannon
Bought by
Brodin Ltd

Purchase Details

Closed on
Dec 26, 2006
Sold by
Faries Olivia M
Bought by
Faries E Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.12%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 21, 2006
Sold by
Faries Olivia M
Bought by
Faries E Shannon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 16, 2005
Sold by
Cameron Financial Group Inc
Bought by
Cameron Realty Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,256
Interest Rate
5.58%
Mortgage Type
Construction
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
Battaglia Joseph C $687,500 First American Title Company
Mcdonald Dillon S -- First American Title Company
Mcdonald Dillon S $685,000 First American Title Co
Mcdonald Dillon S $685,000 First American Title Co
Deutsche Bank National Trust Company $680,000 First American Title Company
Brodin Ltd -- None Available
Faries E Shannon -- First American Title Co
Faries E Shannon -- First American Title Co
Faries E Shannon -- Cuesta Title
Fierro Faries E -- Cuesta Title
Cameron Realty Partners Llc -- Cuesta Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcdonald Dillon S $479,500
Previous Owner Mcdonald Dillon S $513,750
Previous Owner Faries E Shannon $200,000
Previous Owner Fierro Faries E $750,000
Previous Owner Cameron Realty Partners Llc $742,256
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/02/2012 11/02/12 Sold $687,500 -8.2% $177 / Sq Ft
10/08/2012 10/08/12 Pending -- -- --
09/26/2012 09/26/12 For Sale $749,000 -- $192 / 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 $9,173 $846,599 $246,282 $600,317
2024 $9,007 $830,000 $241,453 $588,547
2023 $9,007 $813,726 $236,719 $577,007
2022 $8,442 $797,772 $232,078 $565,694
2021 $8,308 $782,130 $227,528 $554,602
2020 $8,223 $774,111 $225,195 $548,916
2019 $8,138 $758,933 $220,780 $538,153
2018 $7,978 $744,052 $216,451 $527,601
2017 $7,822 $729,463 $212,207 $517,256
2016 $7,668 $715,161 $208,047 $507,114
2015 $7,551 $704,419 $204,922 $499,497
2014 $6,934 $690,621 $200,908 $489,713
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2012

    Tim Kubinski

    Holland Strand Real Estate

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL190171

California Regional Multiple Listing Service (CRMLS)

APN: 068-282-016

California San Luis Obispo County Morro Bay 93442

1898 Main St, Morro Bay, CA

Not Listed for Sale

MultiFamily

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