NOT LISTED FOR SALE

2047 Seaview Ave Morro Bay, CA 93442

Estimated Value: $918,808 - $1,130,000

4 Beds
2 Baths
1,564 Sq Ft
$629/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $799,000 $511 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $5,871/month

3 Days on Market

Highlights

  • Private Yard
  • No HOA
  • Wall Furnace
  • Del Mar Elementary School Rated A-
  • Laundry Room

About This Home

As of November 2021

Please do not disturb tenants. Great investment or owner occupy opportunity. Not far from downtown Morro Bay and the beach. Both units are two bedrooms, one bath and quite large. The upstairs unit has a small ocean view. It's a nice neighborhood, very walkable. The rents are under market so expect higher income in the future. The roof is two years old, the south side of the lot has a new retaining wall and new fence built in 2019. The entire exterior of the building has been painted in the past two years. Buyer to verify all information before close of escrow.

Last Agent to Sell the Property

Dean Marchant

Morro Shores Real Estate License #01064170 Listed on: 10/25/2021

Last Buyer's Agent

Angie White

Artisan Real Estate License #01457817

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1964

Lot Details

  • 5,000 Sq Ft Lot
  • 1 Common Wall
  • Private Yard

Home Design

  • Property Attached

Interior Spaces

  • 1,564 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Legal Lot and Block 9 / 2
  • Tax Tract Number 52
  • Assessor Parcel Number 068313034

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Highway 41 Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,320
  • Fuel Expense $540
  • Insurance Expense $964
  • Trash Expense $569
  • Water Sewer Expense $3,400
  • Operating Expense $6,793
  • Gross Income $49,980
  • Net Operating Income $43,687

Property Details

Home Type

Multi-Family

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Highway 41(770)
  • Water Sewer Expenses: 3400.00
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 068313034
  • Year Built: 1964
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 510.87

Exterior Features

  • Pool Private: No

Garage/Parking

  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Trash Expense: 569.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Electric Expense: 1320.00
  • Fuel Expense: 540.00
  • Gross Income: 49980.00
  • Gross Scheduled Income: 49500.00
  • Insurance Expense: 964.00
  • Laundry Income: 480.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 43687.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 5813.00
  • Rent Control: No
  • Total Actual Rent: 3450.00
  • Total Expenses: 6793.00

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 105.03
  • Tax Lot: 9
  • Tax Tract Number: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2023
Sold by
Tannenbaum Dorothy A
Bought by
Dorothy Antonia Conway Tannenbaum Family Trus and Tannenbaum
Current Estimated Value
$984,452

Purchase Details

Closed on
Jun 12, 2023
Sold by
Toyloy Anne Elizabeth
Bought by
Quentin K Toyloy K and Quentin Anne E

Purchase Details

Listed on
Oct 25, 2021
Closed on
Nov 8, 2021
Sold by
Marchant Dean C and Marchant Carly A
Bought by
Toyloy Quentin K and Toyloy Anne E
Seller's Agent
Dean Marchant
Morro Shores Real Estate
Buyer's Agent
Angie White
Artisan Real Estate
List Price
$799,000
Sold Price
$799,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.08%

Purchase Details

Closed on
Jun 14, 2021
Sold by
Marchant Carly A and Marchant Carly Ann
Bought by
Marchant Dean C and Marchant Carly A

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 9, 2018
Sold by
Alden William Drew and Alden Gretchen H
Bought by
Marchant Carly Ann
Seller's Agent
Jeff Elmerick
Horizon Realty & Property Mgt
Buyer's Agent
Dean Marchant
Morro Shores Real Estate
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%

Purchase Details

Listed on
Jun 12, 2018
Closed on
Jul 3, 2018
Sold by
Marchant Dean
Bought by
Marchant Carly Ann
Seller's Agent
Jeff Elmerick
Horizon Realty & Property Mgt
Buyer's Agent
Dean Marchant
Morro Shores Real Estate
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%

Purchase Details

Closed on
Mar 27, 2008
Sold by
Alden William Drew and Alden Gretchen H
Bought by
Alden William Drew and Alden Gretchen H

Purchase Details

Closed on
Sep 20, 2004
Sold by
Thompson Carolee and Carolee Thompson Trust
Bought by
Alden William Drew and Alden Gretchen H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 22, 2003
Sold by
Thompson Carolee
Bought by
Thompson Carolee and Carolee Thompson Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.13%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 24, 1998
Sold by
Thompson Carolee
Bought by
Thompson Carolee and Carolee Thompson Trust
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
Dorothy Antonia Conway Tannenbaum Family Trus -- None Listed On Document
Quentin K Toyloy K -- --
Toyloy Quentin K $799,000 First American Title Company
Marchant Dean C -- None Available
Marchant Carly Ann $575,000 Placer Title Co
Marchant Carly Ann -- Placer Title Co
Alden William Drew -- None Available
Alden William Drew $620,000 Fidelity Title Company
Thompson Carolee -- Cuesta Title Company
Thompson Carolee -- Cuesta Title Company
Thompson Carolee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alden William Drew $496,000
Previous Owner Thompson Carolee $40,000
Closed Alden William Drew $93,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/15/2021 11/15/21 Sold $799,000 0.0% $511 / Sq Ft
10/28/2021 10/28/21 Pending -- -- --
10/25/2021 10/25/21 For Sale $799,000 +39.0% $511 / Sq Ft
07/19/2018 07/19/18 Sold $575,000 -3.4% $368 / Sq Ft View Prior Sale
06/28/2018 06/28/18 Pending -- -- --
06/12/2018 06/12/18 For Sale $595,000 -- $380 / 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 $9,110 $847,904 $530,604 $317,300
2024 $9,021 $831,279 $520,200 $311,079
2023 $9,021 $814,980 $510,000 $304,980
2022 $8,455 $799,000 $500,000 $299,000
2021 $6,295 $592,576 $437,991 $154,585
2020 $6,230 $586,500 $433,500 $153,000
2019 $6,165 $575,000 $425,000 $150,000
2018 $8,144 $759,530 $490,021 $269,509
2017 $7,984 $744,638 $480,413 $264,225
2016 $7,828 $730,039 $470,994 $259,045
2015 $7,708 $719,074 $463,920 $255,154
2014 $7,078 $704,989 $454,833 $250,156
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC21235194

California Regional Multiple Listing Service (CRMLS)

APN: 068-313-034