NOT LISTED FOR SALE

2261 Emerald Cir Morro Bay, CA 93442

Estimated Value: $2,208,281 - $2,362,000

4 Beds
4 Baths
3,000 Sq Ft
$766/Sq Ft Est. Value

Last Sold December 28, 2020

Last sale price $1,726,020 $575 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $14,673/month

15 Days on Market

Highlights

  • White Water Ocean Views
  • Detached Guest House
  • 0.29 Acre Lot
  • Del Mar Elementary School Rated A-
  • Primary Bedroom Suite
  • Open Floorplan

About This Home

As of December 2020

Cloisters beachside neighborhood premiere location, location, location. Situated on the largest usable lot in the Cloisters, perimeter dune bluff, offering an oasis of calm and privacy, and ocean vistas. On a wonderfully serene and peaceful 12,600 square foot lot, this custom single level 4 bedrooms 4 bathrooms home includes a separate detached guest house.

The most unique and gorgeous property, just steps to the beach, in this awarding winning coastal development, on 84 acres with a 57 acre nature preserve, including walking and bicycling trails, meandering through meadows and a public park.

This original custom 3000 square foot home includes wooden clad windows, hardwood floors, two open and spacious living areas, an abundance of light and all wonderfully and exceptionally private. Every bedroom boasts full bath and ample walk in closet with an expansive master bedroom, master bath with step-in shower. Floor plan caters to multiple access openings to a fabulous yard, with a dramatic fire pit, and a crow's nest landing offering sweeping vistas, enticing festive entertaining .

This two million dollar property affords this inviting price to allow further expansions and considerations for future desires and build outs for a new family's Shangri-la vision.

The property is the ideal 1031 exchange as the current lessee is the absolute perfect tenant with time remaining on their lease, or prime for anyone seeking the best of the best in their near future retirement.

Last Agent to Sell the Property

Steve Stevens

Navigators Real Estate License #00426683 Listed on: 08/27/2020

Last Buyer's Agent

Dawn Goonetilleke

Keller Williams Realty Central Coast License #01775427

Keller Williams Realty Central Coast

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,491

Year Built

  • Built in 2001

Lot Details

  • 0.29 Acre Lot
  • Southwest Facing Home
  • Wood Fence
  • Landscaped
  • Corner Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Garage

Property Views

  • White Water Ocean
  • Bluff
  • Dune
  • Meadow
  • Courtyard

Home Design

  • Craftsman Architecture
  • Cosmetic Repairs Needed
  • Planned Development
  • Slab Foundation
  • Composition Roof
  • HardiePlank Type

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Casement Windows
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Wood Flooring

Kitchen

  • Open to Family Room
  • Breakfast Bar
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Granite Bathroom Countertops
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Hydromassage or Jetted Bathtub
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors are 32 inches wide or more

Outdoor Features

  • Open Patio
  • Exterior Lighting

Additional Homes

  • Detached Guest House

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • 220 Volts in Garage
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 59
  • Tax Tract Number 1996
  • Assessor Parcel Number 065388014

Community Details

Overview

  • No Home Owners Association
  • Cloisters Subdivision
  • Property is near a preserve or public land

Recreation

  • Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,491

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Cloisters(740)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Craftsman
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065388014
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3000.00 Square Feet
  • Interior Amenities: Granite Counters, Open Floorplan
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Accessibility Features: 32 Inch Or More Wide Doors, 48 Inch Or More Wide Halls
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Dining Room
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 4
  • Price Per Square Foot: 575.34
  • Room Type: Guest/Maid's Quarters, Laundry, Living Room, Master Bathroom, Master Bedroom, Master Suite, Separate Family Room, Walk-In Closet
  • Window Features: Casement Windows, Double Pane Windows
  • Bathroom Features: Bathtub, Double Sinks In Master Bath, Exhaust Fan(s), Granite Counters, Jetted Tub, Privacy Toilet Door, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Kitchen Open To Family Room

Exterior Features

  • Patio: Yes
  • Direction Faces: Southwest
  • Foundation: Slab
  • Other Structures: Guest House, Guest House Detached
  • View: Dunes, Bluff, Courtyard, Meadow, Water, White Water
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Patio Open
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Hardiplank Type

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Double Oven, Disposal, Gas Cooktop, Microwave, Vented Exhaust Fan, Water Line to Refrigerator
  • Electric: 220 Volts in Garage
  • Heating Type: Central, Forced Air, Fireplace(s)
  • Laundry Features: Gas Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Park, Preserve/Public Land, Sidewalks, Street Lights

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Landscaped, Lot 10000-19999 Sqft
  • Lot Size: 12600 sq. ft.
  • Lot Size Sq Ft: 12666.00
  • Lot Size Acres: 0.2908

Multi Family

  • Lease Considered: No
  • Lot Size Area: 12666.0000 Square Feet
  • Number Of Units In Community: 120
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 105.03
  • Tax Lot: 59
  • Tax Tract: 1996
  • Tax Tract Number: 1996

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2022
Sold by
73 Congdon Llc
Bought by
Alan T And Cheryl D Geer Joint Living Trust
Current Estimated Value
$2,364,229

Purchase Details

Closed on
Sep 21, 2020
Sold by
Citation Investment Holdings S A
Bought by
73 Congdon Llc

Purchase Details

Closed on
Dec 3, 2014
Sold by
Stevens Steve
Bought by
Citation Investment Holdings Sa

Purchase Details

Closed on
Jan 9, 2014
Sold by
Stevens Steve
Bought by
2261 Emerald Circle Llc

Purchase Details

Closed on
Jan 30, 2004
Sold by
Mahan Kerrigan
Bought by
Stevens Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,500
Interest Rate
5.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 30, 2003
Sold by
Conley Mark and Conley Krista
Bought by
Venning Clive B and Venning Joanna Norah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
4.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 3, 2000
Sold by
Mb4 Lp
Bought by
Conley Mark A and Conley Krista

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
7%

Purchase Details

Closed on
Jul 12, 2000
Sold by
Enochs Steven
Bought by
Mb4 Lp

Purchase Details

Closed on
Sep 28, 1999
Sold by
Enochs Lisa
Bought by
Enochs Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,900
Interest Rate
7.75%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 17, 1999
Sold by
Keyoto Morro Bay Inc
Bought by
Enochs Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,900
Interest Rate
7.75%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Alan T And Cheryl D Geer Joint Living Trust -- --
73 Congdon Llc $1,726,500 Fidelity National Title Co
Citation Investment Holdings Sa $514,672 Accommodation
2261 Emerald Circle Llc -- First American Title Company
Stevens Steve $140,000 Fidelity Title Company
Mahan Kerrigan -- Fidelity Title Company
Venning Clive B $1,000,000 Fidelity Title Company
Conley Mark A $900,000 Fidelity National Title Co
Mb4 Lp -- Fidelity National Title Co
Enochs Steve -- First American Title Ins Co
Enochs Steve $250,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stevens Steve $103,200
Previous Owner Stevens Steve $180,000
Previous Owner Stevens Steve $46,500
Previous Owner Venning Clive B $650,000
Previous Owner Conley Mark A $450,000
Previous Owner Enochs Steven $10,000
Previous Owner Enochs Steven G $46,980
Previous Owner Enochs Steve $199,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2020 12/28/20 Sold $1,726,020 -1.4% $575 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,750,000 -- $583 / 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 $21,491 $1,868,816 $1,028,309 $840,507
2024 $21,126 $1,832,174 $1,008,147 $824,027
2023 $21,126 $1,796,250 $988,380 $807,870
2022 $19,879 $1,761,030 $969,000 $792,030
2021 $19,583 $1,726,500 $950,000 $776,500
2020 $12,333 $1,043,988 $516,499 $527,489
2019 $12,218 $1,023,519 $506,372 $517,147
2018 $12,003 $1,003,451 $496,444 $507,007
2017 $11,792 $983,776 $486,710 $497,066
2016 $11,585 $964,487 $477,167 $487,320
2015 $11,427 $950,000 $470,000 $480,000
2014 $12,036 $1,075,000 $525,000 $550,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC20174853

California Regional Multiple Listing Service (CRMLS)

APN: 065-388-014