NOT LISTED FOR SALE

2225 Coral Ave Morro Bay, CA 93442

Estimated Value: $1,779,539 - $2,048,000

4 Beds
2.5 Baths
2,689 Sq Ft
$720/Sq Ft Est. Value

Last Sold June 24, 2022

Last sale price $1,865,000 $694 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,586/month

20 Days on Market

Highlights

  • White Water Ocean Views
  • Open Floorplan
  • Wood Flooring
  • Del Mar Elementary School Rated A-
  • Two Story Ceilings
  • 3-minute walk to Cloisters Park

About This Home

As of June 2022

Premiere Cloisters beachside neighborhood, Completely customized approximately 2700 sq. ft, 4 bedroon prestigious ocean view home; Stunning spacious upstairs master suite with oversized walk-in closet, a private viewing deck allowing white water vistas; in addition to a separate sitting room or study; Spectacular newly appointed dream kitchen including all new top rated stainless appliances, outstanding contemporary countertop, magnificent composite granite sink, and aesthetically accented with captivating Peruvian travertine flooring embracing the Versailles pattern design. The ample great room, with dramatic vaulted ceiling, bathed in abundant ambient light and wonderful detailed architectural character. American walnut flooring throughout, a custom maple staircase, along with a wind shielded recreational courtyard, ideal for entertaining. This treasure showcases elegant style and practicality, delivering a one of a kind sensibility. Situated just steps to the beach in the Cloisters, encompassing 84 acres, with over two miles of walking and bicycling trails, and a 57 acre nature preserve and bird sanctuary; this gem of a property checks all of the boxes.

Last Agent to Sell the Property

Steve Stevens

Navigators Real Estate License #00426683 Listed on: 05/05/2022

Last Buyer's Agent

Janice Crooks

Comet Realty License #01974059

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,522

Year Built

  • Built in 2001

Lot Details

  • 6,436 Sq Ft Lot
  • Wood Fence
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • White Water Ocean
  • Hills

Home Design

  • Turnkey
  • Planned Development
  • Slab Foundation
  • Concrete Roof

Interior Spaces

  • 2,689 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Two Story Ceilings
  • Recessed Lighting
  • Double Pane Windows
  • Great Room
  • Living Room with Fireplace
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Walk-In Pantry
  • Double Oven
  • Electric Oven
  • Gas Range
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Tile Bathroom Countertop
  • Low Flow Toliet
  • Soaking Tub

Outdoor Features

  • Balcony
  • Concrete Porch or Patio
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Forced Air Heating System

Community Details

  • No Home Owners Association
  • Cloisters Subdivision

Listing and Financial Details

  • Tax Lot 108
  • Tax Tract Number 1996
  • Assessor Parcel Number 065388063
  • $1,250 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,522

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Cloisters(740)
  • View: Yes
  • Zoning: R1
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065388063
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2689.00 Square Feet
  • Interior Amenities: Balcony, Built-in Features, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Two Story Ceilings
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Area, Breakfast Nook
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 693.57
  • Room Type: Great Room
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Low Flow Toilet(s), Soaking Tub, Tile Counters
  • Room Kitchen Features: Kitchen Island, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Hills, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Concrete
  • Pool Private: No
  • Roof: Concrete

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Electric Oven, Gas Range, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6436.00
  • Lot Size Acres: 0.1478

Multi Family

  • Lease Considered: No
  • Lot Size Area: 6436.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 105.06
  • Tax Lot: 108
  • Tax Tract Number: 1996
  • TaxOtherAnnualAssessmentAmount: 1250.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2022
Closed on
Jun 3, 2022
Sold by
Mahan Family Trust
Bought by
Jeff A Conway And Julie P Conway Family
Seller's Agent
Steve Stevens
Navigators Real Estate
Buyer's Agent
Janice Crooks
Comet Realty
List Price
$1,875,000
Sold Price
$1,865,000
Premium/Discount to List
-$10,000
-0.53%
Current Estimated Value
$1,934,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,885
Avg. Annual Appreciation
1.19%
Original Mortgage
$1,492,000
Outstanding Balance
$1,422,017
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$512,868

Purchase Details

Closed on
Dec 13, 2021
Sold by
Mahan Kerrigan and Williams Mahan Melanie
Bought by
Mahan Kerrigan Patrick and Mahan Melanie Michele

Purchase Details

Closed on
Feb 6, 2004
Sold by
Mahan Kerrigan and Williams Mahan Melanie
Bought by
Mahan Kerrigan and Williams Mahan Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2004
Sold by
Mahan Kerrigan
Bought by
Mahan Kerrigan and Williams Mahan Melanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2001
Sold by
Seabreeze Collection Llc
Bought by
Mahan Kerrigan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
11.95%
Source: Public Records

Range of Values:

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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
Jeff A Conway And Julie P Conway Family $1,864,818 New Title Company Name
Mahan Kerrigan Patrick -- None Available
Mahan Kerrigan -- Fidelity Title Company
Mahan Kerrigan -- Fidelity Title Company
Mahan Kerrigan $540,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jeff A Conway And Julie P Conway Family $1,492,000
Previous Owner Mahan Kerrigan $124,192
Previous Owner Mahan Kerrigan $1,000,000
Previous Owner Mahan Kerrigan $239,735
Previous Owner Mahan Kerrigan $500,000
Previous Owner Mahan Kerrigan P $200,000
Previous Owner Mahan Kerrigan $432,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2022 06/24/22 Sold $1,865,000 -0.5% $694 / Sq Ft
05/25/2022 05/25/22 Pending -- -- --
05/05/2022 05/05/22 For Sale $1,875,000 -- $697 / 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 $12,522 $1,048,113 $460,986 $587,127
2024 $12,317 $1,027,563 $451,948 $575,615
2023 $12,317 $1,007,416 $443,087 $564,329
2022 $9,640 $800,436 $334,092 $466,344
2021 $9,505 $784,742 $327,542 $457,200
2020 $9,419 $776,696 $324,184 $452,512
2019 $9,333 $761,468 $317,828 $443,640
2018 $9,173 $746,539 $311,597 $434,942
2017 $9,016 $731,902 $305,488 $426,414
2016 $8,862 $717,552 $299,499 $418,053
2015 $8,745 $706,775 $295,001 $411,774
2014 $8,130 $692,931 $289,223 $403,708
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22094311

California Regional Multiple Listing Service (CRMLS)

APN: 065-388-063