NOT LISTED FOR SALE

2540 Koa Ave Morro Bay, CA 93442

Estimated Value: $873,379 - $1,157,000

2 Beds
1.5 Baths
1,380 Sq Ft
$709/Sq Ft Est. Value

Last Sold June 26, 2018

Last sale price $629,000 $456 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,759/month

92 Days on Market

Highlights

  • Ocean View
  • Wood Burning Stove
  • Main Floor Bedroom
  • Del Mar Elementary School Rated A-
  • Cathedral Ceiling
  • No HOA

About This Home

As of June 2018

This beautifully maintained and cared for chalet style bungalow with breathtaking ocean views is the best bargain in all Morro Bay. Not only does this move-in ready home boast vaulted beamed ceilings, a loft, a third bonus room that can be easily used as a third bedroom and beautiful knotty pine hardwood floors but it also has two decks with amazing panoramic views of the Pacific. The oversized two-car garage can easily store your canoes, kayaks or other toys while having plenty of room for two cars. Newer roof only 2 years old and new electrical main panel less than 2 years old. Call your realtor today to see all the charm and character this Morro Bay chalet has to offer.

Last Agent to Sell the Property

Joseph Novo

Coldwell Banker Premier RE License #01980971 Listed on: 01/29/2018

Coldwell Banker Premier RE

Last Buyer's Agent

Joseph Novo

Coldwell Banker Premier RE License #01980971 Listed on: 01/29/2018

Coldwell Banker Premier RE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1972

Lot Details

  • 4,000 Sq Ft Lot
  • Property is zoned R1

Parking

  • 2 Car Garage
  • Up Slope from Street

Interior Spaces

  • 1,380 Sq Ft Home
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Stove
  • Gas Fireplace
  • Living Room
  • Ocean Views
  • Galley Kitchen

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 068256036

Home Details

Home Type

Single Family

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Morro Bay (820)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 068256036
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1380.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Cathedral Ceiling(s)
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 455.80
  • Room Type: Galley Kitchen, Kitchen, Living Room, Main Floor Bedroom

Exterior Features

  • View: Ocean
  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace, Fireplace(s), Wood Stove
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Up Slope from Street
  • Lot Size Sq Ft: 4000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 105.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2018
Closed on
May 18, 2018
Sold by
Sharp Steven M and Sharp Lily K
Bought by
Melen Michael and Melen Zoe Ann Allman
Seller's Agent
Joseph Novo
Coldwell Banker Premier RE
Buyer's Agent
Joseph Novo
Coldwell Banker Premier RE
List Price
$699,000
Sold Price
$629,000
Premium/Discount to List
-$70,000
-10.01%
Current Estimated Value
$978,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$349,845
Avg. Annual Appreciation
6.02%

Purchase Details

Closed on
Aug 9, 2001
Sold by
Sharp Steve and Sharp Lillie
Bought by
Sharp Steven M and Sharp Lily K

Purchase Details

Closed on
Dec 1, 1995
Sold by
Rocha Jerry L and Rocha Diane E
Bought by
Sharp Steven Michael and Sharp Lily K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,030
Interest Rate
7.38%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Melen Michael $629,000 First American Title Co
Sharp Steven M -- --
Sharp Steven Michael $173,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sharp Steven Michael $121,030
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2018 06/26/18 Sold $629,000 -1.6% $456 / Sq Ft
05/01/2018 05/01/18 Pending -- -- --
04/23/2018 04/23/18 Price Changed $639,000 -4.5% $463 / Sq Ft
02/24/2018 02/24/18 Price Changed $669,000 -4.3% $485 / Sq Ft
01/29/2018 01/29/18 For Sale $699,000 -- $507 / 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 $7,677 $715,688 $483,574 $232,114
2024 $7,537 $701,656 $474,093 $227,563
2023 $7,537 $687,899 $464,798 $223,101
2022 $7,063 $674,412 $455,685 $218,727
2021 $6,964 $661,189 $446,750 $214,439
2020 $6,951 $654,411 $442,170 $212,241
2019 $6,879 $641,580 $433,500 $208,080
2018 $2,706 $252,411 $160,589 $91,822
2017 $2,653 $247,463 $157,441 $90,022
2016 $2,601 $242,611 $154,354 $88,257
2015 $2,562 $238,968 $152,036 $86,932
2014 $2,352 $234,288 $149,058 $85,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC18021731

California Regional Multiple Listing Service (CRMLS)

APN: 068-256-036