NOT LISTED FOR SALE

240 Gilbert St Morro Bay, CA 93442

Estimated Value: $1,033,552 - $1,226,000

3 Beds
2 Baths
1,415 Sq Ft
$806/Sq Ft Est. Value

Last Sold November 05, 2020

Last sale price $779,000 $551 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,976/month

2 Days on Market

Highlights

  • No HOA
  • 2 Car Attached Garage
  • Bike Trail
  • Del Mar Elementary School Rated A-
  • Laundry Room
  • Dog Park

About This Home

As of November 2020

Walk to the Beach from this well kept home on the Beachside of HWY 1!! Opportunity knocks with this Classic Morro Bay 3BDR Beach House located in the Old Beachtract of Morro Bay. This home is move in ready! Single level and in a neighborhood that is perfect for exploring the available 6 Miles of sand, or neighborly streets. Maybe just sit out in the front yard and listen to the surf. These homes rarely become available in this neighborhood, so don't wait! or it will be gone.

Last Agent to Sell the Property

James Kelsey

Century 21 Masters-Arroyo Grande License #01354722 Listed on: 09/17/2020

Century 21 Masters-Arroyo Grande

Last Buyer's Agent

Toni Detz

Keller Williams Realty Central Coast License #01436944

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,136

Year Built

  • Built in 1973

Lot Details

  • 4,560 Sq Ft Lot
  • Density is 6-10 Units/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 1,415 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 4 / 12
  • Assessor Parcel Number 065123019

Community Details

Overview

  • No Home Owners Association
  • Beach Tract Subdivision

Recreation

  • Dog Park
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,136

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: Beach Tract(730)
  • View: No
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065123019
  • Year Built: 1973
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1415.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Family Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 550.53
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Dog Park, Gutters

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 4560.00
  • Lot Size Acres: 0.1047

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4560.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 12
  • Tax Census Tract: 105.03
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2025
Sold by
Hornburg Thomas E and Hornburg Christine G
Bought by
Thomas E And Christine G Hornburg Family Revo and 2016 Nick And Amy Pritchett Revocable Trust
Current Estimated Value
$1,140,638

Purchase Details

Listed on
Sep 17, 2020
Closed on
Nov 5, 2020
Sold by
Lungren Lesley C and Lungren Traci L
Bought by
Lungren Lesley C
Seller's Agent
James Kelsey
Century 21 Masters-Arroyo Grande
Buyer's Agent
Toni Detz
Keller Williams Realty Central Coast
List Price
$778,700
Sold Price
$779,000
Premium/Discount to List
$300
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$690,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 17, 2020
Closed on
Oct 6, 2020
Sold by
Lungren Lesley C
Bought by
Hornburg Thomas E and Hornburg Christine G
Seller's Agent
James Kelsey
Century 21 Masters-Arroyo Grande
Buyer's Agent
Toni Detz
Keller Williams Realty Central Coast
List Price
$778,700
Sold Price
$779,000
Premium/Discount to List
$300
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 3, 2020
Sold by
Lungren Marilyn E and Marilyn E Lungren Trust
Bought by
Lungren Lesley C

Purchase Details

Listed on
Aug 29, 2013
Closed on
Oct 28, 2013
Sold by
Thomas Donald J and Thomas Debbie D
Bought by
Lungren Marilyn E
Seller's Agent
Hal Sweasey
Keller Williams Realty Central Coast
Buyer's Agent
Eddie Stanfield
Century 21 Hometown Realty, Pismo Beach Office
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.52%
Original Mortgage
$417,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 3, 2012
Closed on
Mar 14, 2012
Sold by
Scherer Ronald Bruce and Scherer Joan Shenson
Bought by
Thomas Donald J and Thomas Debbie D
Seller's Agent
Hal Sweasey
Keller Williams Realty Central Coast
Buyer's Agent
Andrea Allen
Century 21 Hometown Realty, Arroyo Grande Office
List Price
$399,000
Sold Price
$395,500
Premium/Discount to List
-$3,500
-0.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.50%
Original Mortgage
$275,000
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2009
Sold by
Scherer Ronald B and Scherer Joan S
Bought by
Scherer Ronald B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2009
Sold by
Scherer Ronald Bruce
Bought by
Scherer Ronald B and Scherer Joan S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
5.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2009
Sold by
David Donna Cruzan
Bought by
David Raymond William

Purchase Details

Closed on
Mar 11, 2008
Sold by
Scherer Ronald Bruce
Bought by
Scherer Ronald Bruce

Purchase Details

Closed on
Aug 3, 2001
Sold by
Scherer Ronald B and Scherer Rosalind C
Bought by
Scherer Ronald Bruce and Scherer Rosalind Cecile

Purchase Details

Closed on
Mar 19, 1999
Sold by
Merrill Frank S
Bought by
Scherer Ronald B and Scherer Rosalind C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.75%
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
Thomas E And Christine G Hornburg Family Revo -- None Listed On Document
Lungren Lesley C -- None Available
Hornburg Thomas E $779,000 First American Title Company
Lungren Lesley C -- First American Title Company
Lungren Lesley C -- None Available
Lungren Marilyn E $540,000 First American Title Company
Thomas Donald J $395,500 Fidelity National Title Co
Scherer Ronald B -- None Available
Scherer Ronald B -- First American Title
David Raymond William -- None Available
Scherer Ronald Bruce -- None Available
Scherer Ronald Bruce -- --
Scherer Ronald B $200,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hornburg Thomas E $690,000
Previous Owner The Marilyn Lungren Trust $377,419
Previous Owner Lungren Marilyn E $417,000
Previous Owner Thomas Donald J $275,000
Previous Owner Scherer Ronald B $192,000
Previous Owner Scherer Ronald Bruce $200,000
Previous Owner Scherer Ronald B $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2020 11/05/20 Sold $779,000 0.0% $551 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $778,700 +44.2% $550 / Sq Ft
12/06/2013 12/06/13 Sold $540,000 0.0% $382 / Sq Ft
10/25/2013 10/25/13 Pending -- -- --
08/29/2013 08/29/13 For Sale $540,000 +36.5% $382 / Sq Ft
04/06/2012 04/06/12 Sold $395,500 -0.9% $280 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
02/03/2012 02/03/12 For Sale $399,000 -- $282 / 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 $9,136 $843,213 $584,513 $258,700
2024 $8,971 $826,680 $573,052 $253,628
2023 $8,971 $810,471 $561,816 $248,655
2022 $8,409 $794,580 $550,800 $243,780
2021 $8,275 $779,000 $540,000 $239,000
2020 $6,430 $605,279 $336,267 $269,012
2019 $6,363 $593,412 $329,674 $263,738
2018 $6,238 $581,777 $323,210 $258,567
2017 $6,116 $570,371 $316,873 $253,498
2016 $5,996 $559,188 $310,660 $248,528
2015 $5,904 $550,789 $305,994 $244,795
2014 $5,422 $540,000 $300,000 $240,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI20194991

California Regional Multiple Listing Service (CRMLS)

APN: 065-123-019