NOT LISTED FOR SALE

2426 Elm Ave Morro Bay, CA 93442

Estimated Value: $971,625 - $1,326,000

4 Beds
2.5 Baths
1,689 Sq Ft
$670/Sq Ft Est. Value

Last Sold May 20, 2016

Last sale price $589,000 $349 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $6,561/month

6 Days on Market

Highlights

  • City Lights View
  • Bonus Room
  • L-Shaped Dining Room
  • Del Mar Elementary School Rated A-
  • Great Room
  • No HOA

About This Home

As of May 2016

1958 Charm, 2016 Value A 4BR, 2.5 Bath American Classic with covered front porch, family room, large bright rooms, master suite, 2-car garage, mature landscaping, and a delightful backyard make this an impressive residence. Family Matters? Then you'll want to see this Morro Del Mar residence in North Morro Bay known for its parks and fine schools. It's more than just a house, it's a home, priced less than any newer one like it at only $589,000 Lot Description: 60 x 100

Last Agent to Sell the Property

Matthew Franklin

Franklin Real Estate & Rentals License #01326603 Listed on: 03/16/2016

Last Buyer's Agent

Kathi Thomso

Rock View Realty License #01922278

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,555

Year Built

  • Built in 1958

Lot Details

  • 5,998 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Property is zoned R,SFR

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Raised Foundation
  • Slab Foundation
  • Shingle Roof
  • Rolled or Hot Mop Roof

Interior Spaces

  • 1,689 Sq Ft Home
  • Double Pane Windows
  • Great Room
  • Living Room
  • L-Shaped Dining Room
  • Home Office
  • Bonus Room
  • Vinyl Flooring
  • City Lights Views
  • Laundry Room

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 068362003

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,555

Year Built

Built in 1958

Lot Details

0

Parking

2

Listing Details

  • Assessments: No
  • Subdivision Name Other: Morro del Mar(800)
  • View: Yes
  • Zoning: R,SFR
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 068362003
  • Year Built: 1958
  • Special Features: None

Interior Features

  • Living Area: 1689.00
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Dining Ell, Dining Room
  • Levels: Two
  • Price Per Square Foot: 348.73
  • Room Type: Bonus Room, Den, Great Room, Living Room, Master Bedroom, Office
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Foundation: Slab, Raised
  • View: City Lights
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Patio
  • Roof: Rolled/Hot Mop, Shingle

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Cooking, Disposal, Microwave, Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 5998.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Apr 4, 2016
Sold by
Colletti Matthew J and Colletti Sarah V
Bought by
Smith Barry and Smith Debra
Seller's Agent
Matthew Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Kathi Thomso
Rock View Realty
List Price
$589,000
Sold Price
$589,000
Current Estimated Value
$1,130,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$541,906
Avg. Annual Appreciation
7.15%
Original Mortgage
$471,200
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 4, 2013
Closed on
Oct 22, 2013
Sold by
Waibel Keith A and Waibel Susan A
Bought by
Colletti Matthew J and Colletti Sarah V
Seller's Agent
Leon Van Beurden
Bay Osos Brokers
Buyer's Agent
Sandy Rowe
Sandy Rowe Realty
List Price
$520,000
Sold Price
$495,000
Premium/Discount to List
-$25,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$396,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2009
Sold by
Cliffe Rick L and Cliffe Roger Cliffe
Bought by
Waibel Keith and Waibel Susan A

Purchase Details

Closed on
Aug 4, 2008
Sold by
Waibel Keith and Waibel Susan A
Bought by
Waibel Susan A and Susan A Waibel Gift Trust

Purchase Details

Closed on
May 27, 2008
Sold by
Cliffe Rick L and Cliffe Roger L
Bought by
Waibel Keith and Waibel Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
6.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 20, 2007
Sold by
Cliffe Rick and Cliffe Roger L
Bought by
Cliffe Rick L and Cliffe Gail E

Purchase Details

Closed on
Apr 12, 2007
Sold by
Cliffe L Roger and The L Roger & Gertrude E Cliff
Bought by
Cliffe L Roger L and Cliffe Roger L
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
Smith Barry $589,000 Fidelity National Title Co
Colletti Matthew J $495,000 Fidelity National Title Co
Waibel Keith -- Fidelity National Title Co
Waibel Susan A -- None Available
Waibel Susan A -- None Available
Waibel Keith $510,000 Fidelity National Title Co
Cliffe Rick L -- None Available
Cliffe L Roger L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Barry $471,200
Previous Owner Colletti Matthew J $396,000
Previous Owner Waibel Keith $382,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2016 05/20/16 Sold $589,000 0.0% $349 / Sq Ft
03/22/2016 03/22/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $589,000 +19.0% $349 / Sq Ft
12/05/2013 12/05/13 Sold $495,000 -4.8% $293 / Sq Ft View Prior Sale
10/16/2013 10/16/13 Pending -- -- --
09/04/2013 09/04/13 For Sale $520,000 -- $308 / 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 $7,555 $697,249 $414,325 $282,924
2024 $7,418 $683,578 $406,201 $277,377
2023 $7,418 $670,176 $398,237 $271,939
2022 $6,953 $657,036 $390,429 $266,607
2021 $6,843 $644,154 $382,774 $261,380
2020 $6,772 $637,550 $378,850 $258,700
2019 $6,702 $625,050 $371,422 $253,628
2018 $6,571 $612,795 $364,140 $248,655
2017 $6,442 $600,780 $357,000 $243,780
2016 $5,421 $512,587 $300,304 $212,283
2015 $5,337 $504,889 $295,794 $209,095
2014 $4,900 $495,000 $290,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1064607

California Regional Multiple Listing Service (CRMLS)

APN: 068-362-003