NOT LISTED FOR SALE

242 Palomar Ave Pismo Beach, CA 93449

Estimated Value: $1,758,000 - $3,086,000

4 Beds
3 Baths
3,089 Sq Ft
$788/Sq Ft Est. Value

Last Sold November 04, 2016

Last sale price $1,647,995 $534 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $14,825/month

168 Days on Market

Highlights

  • Ocean View
  • Home Under Construction
  • L-Shaped Dining Room
  • Arroyo Grande High School Rated A-
  • Deck
  • 4-minute walk to Eldwayen Ocean Park

About This Home

As of November 2016

Gorgeous custom beach home now under construction in sought-after Shell Beach with four bedrooms, three bathrooms and approx. 3,089 square feet of luxury living space. Plans for this home include a light and bright entry that opens to a large great room with fireplace, dining area and gourmet kitchen with stainless steel appliances and large island. Also located on the entry level is the guest suite, a full bathroom and mud room off the garage. The upstairs features two guest rooms each with walk-in closets, a laundry room, full guest bath and a master suite with access to the second floor deck and a spacious master bath with over-sized tub and stand alone shower. A private roof-top terrace is the highlight of this home with views of Shell Beach and the ocean, complete with outdoor cook space and room for entertaining. This home is currently under construction and buyers are still able to select finishes and colors for the interior of the home. Home is estimated to be complete in Sept.

Last Agent to Sell the Property

Amanda Dunton

Lineage Properties License #01874074 Listed on: 01/25/2016

Co-Listed By

Chris Richardson

Richardson Sotheby's International Realty License #01200458

Last Buyer's Agent

Amanda Dunton

Lineage Properties License #01874074 Listed on: 01/25/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,014

Lot Details

  • 4,750 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Sprinkler System

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Home Under Construction
  • Flat Roof Shape
  • Slab Foundation

Interior Spaces

  • 3,089 Sq Ft Home
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Ocean Views

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,014

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Trilogy(600)
  • View: Yes
  • Zoning: SFR
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3089.00
  • Appliances: Yes
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 3
  • Total Bedrooms: 4
  • Eating Area: Dining Room, Dining Ell
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 533.50
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Ocean
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Patio, Deck
  • Roof: Flat

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Phone Connected, Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Cooking, Dishwasher, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Curbs

Lot Info

  • Lot Features: Paved, Level with Street, Sprinkler System
  • Lot Size Sq Ft: 4750.00
  • Lot Size Acres: 0.1090

Multi Family

  • Lot Size Area: 4750.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2017
Sold by
Malley Scott R and Malley Shirlyn R
Bought by
Malley Scott R and Malley Shirlyn R
Current Estimated Value
$2,433,484

Purchase Details

Listed on
Jan 25, 2016
Closed on
Oct 28, 2016
Sold by
242 Palomar Llc
Bought by
Malley Scott R and Malley Shirlyn R
Seller's Agent
Amanda Dunton
Lineage Properties
Buyer's Agent
Amanda Dunton
Lineage Properties
List Price
$1,595,000
Sold Price
$1,647,995
Premium/Discount to List
$52,995
3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.50%
Original Mortgage
$1,200,000
Outstanding Balance
$955,765
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,477,719

Purchase Details

Closed on
Aug 11, 2015
Sold by
Mfi Limited
Bought by
242 Palomar Llc

Purchase Details

Closed on
Jun 18, 2014
Sold by
Hutchison Richard Lee and Hutchison Alan Gregg
Bought by
Mfi Limited

Purchase Details

Closed on
Jun 14, 2014
Sold by
Hutchison Richard Lee and Charles Hutchison Revocable Tr
Bought by
Hutchison Richard Lee and Hutchison Alan Gregg

Purchase Details

Closed on
Apr 7, 1995
Sold by
Hutchison Charles E
Bought by
Hutchison Charles

Purchase Details

Closed on
May 13, 1994
Sold by
Hutchison Charles E
Bought by
Hutchison Charles E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
8.52%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Malley Scott R -- None Available
Malley Scott R -- None Available
Malley Scott R $1,648,000 First American Title Company
242 Palomar Llc -- None Available
Mfi Limited -- First American Title Company
Hutchison Richard Lee -- First American Title Company
Hutchison Charles -- --
Hutchison Charles E -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malley Scott R $1,200,000
Closed Malley Scott R $1,200,000
Previous Owner Hutchison Charles E $31,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2016 11/04/16 Sold $1,647,995 +2.0% $534 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
04/14/2016 04/14/16 Price Changed $1,615,000 +1.3% $523 / Sq Ft
01/25/2016 01/25/16 For Sale $1,595,000 0.0% $516 / Sq Ft
12/08/2015 12/08/15 Pending -- -- --
12/01/2015 12/01/15 For Sale $1,595,000 -- $516 / 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 $20,014 $1,912,522 $1,044,524 $867,998
2024 $19,780 $1,875,023 $1,024,044 $850,979
2023 $19,780 $1,838,259 $1,003,965 $834,294
2022 $19,478 $1,802,216 $984,280 $817,936
2021 $19,434 $1,766,880 $964,981 $801,899
2020 $19,210 $1,748,764 $955,087 $793,677
2019 $19,069 $1,714,475 $936,360 $778,115
2018 $18,839 $1,680,858 $918,000 $762,858
2017 $18,333 $1,647,900 $900,000 $747,900
2016 $5,592 $521,600 $406,100 $115,500
2015 $4,478 $400,000 $400,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI1061443

California Regional Multiple Listing Service (CRMLS)

APN: 010-242-073