NOT LISTED FOR SALE

2560 Main St Morro Bay, CA 93442

Estimated Value: $1,142,000 - $1,531,000

10 Beds
5 Baths
2,678 Sq Ft
$513/Sq Ft Est. Value

Last Sold March 22, 2017

Last sale price $920,000 $344 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $8,554/month

232 Days on Market

Highlights

  • Cathedral Ceiling
  • Laundry Room
  • Forced Air Heating System
  • Del Mar Elementary School Rated A-
  • Storage
  • Paved or Partially Paved Lot

About This Home

As of March 2017

Marketing Remarks: Fabulous Ocean View Duplex; Live in one; make money on the other. Features wonderful views throughout of Morro Rock ... up to Cayucos. Both units have Verandas off Living Rooms, fireplaces in living rooms, wood laminate flooring & carpeting. Each Master bedroom has a beautiful tiled Master Bath adjacent, including large Walk-In Closets. Both units feature large garages as well. Both in very nice condition & looking across at beautiful ocean sunsets. Units literally FACE THE OCEAN ! Rents are low now; but are month to month; so lotta options for future. See agents about true market rents.

Last Agent to Sell the Property

Tom Mees

McBride Real Estate License #00959579 Listed on: 10/03/2016

Last Buyer's Agent

Antonio Avelar

License #00474131

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,360

Year Built

  • Built in 2003

Lot Details

  • 4,617 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Sprinkler System

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 10 Bedrooms
  • 2,678 Sq Ft Home
  • Cathedral Ceiling
  • Storage
  • Fire Sprinkler System

Laundry

  • Laundry Room
  • Washer Hookup

Parking

  • Parking Available
  • Covered Parking
  • On-Site Parking

Additional Features

  • Exterior Lighting
  • Forced Air Heating System

Community Details

  • 2 Units
  • Gross Income $40,000

Listing and Financial Details

  • Tenant pays for gas, water, trash collection, electricity, cable TV
  • Assessor Parcel Number 068332043

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,360

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Security: Fire Sprinkler System
  • Subdivision Name Other: North Morro Bay(820)
  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 068332043
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s), Storage
  • Levels: Two
  • Price Per Square Foot: 343.54

Exterior Features

  • Foundation: Raised
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Covered, On Site

Utilities

  • Utilities: Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air
  • Laundry Features: Washer Hookup

Condo/Co-op/Association

  • Community Features: Sidewalks, Curbs, Street Lights

Lot Info

  • Lot Features: Paved, Sprinkler System
  • Lot Size Sq Ft: 4617.00

Rental Info

  • Tenant Pays: Gas, Water, Trash Collection, Electricity, Cable TV

Multi Family

  • Gross Operating Income: 40000.00
  • Number Of Units Total: 2
  • Operating Expense: 120.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2016
Sold by
Brasil Antonio O and Brasil Maria D
Bought by
Vieira Luciano and Vieira Yvonne
Current Estimated Value
$1,373,368

Purchase Details

Closed on
Aug 7, 2007
Sold by
Brasil Antonio O and Brasil Maria D
Bought by
Brasil Antonio O and Brasil Maria D

Purchase Details

Closed on
Jan 5, 2004
Sold by
Crabtree David C and Crabtree Elizabeth
Bought by
Brasil Antonio O and Brasil Maria D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
2.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 20, 2002
Sold by
Job Michael
Bought by
Crabtree David C and Crabtree Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$413,100
Interest Rate
5.93%

Purchase Details

Closed on
May 8, 2002
Sold by
Gimbel Denise L
Bought by
Job Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,900
Interest Rate
6.74%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 3, 2002
Sold by
Wlb & Associates Family Partnership
Bought by
Job Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.18%

Purchase Details

Closed on
Jul 23, 1997
Sold by
Michie Douglas C
Bought by
Wlb & Associates Family Partnership

Purchase Details

Closed on
Jul 18, 1997
Sold by
Michie Kathleen
Bought by
Michie Douglas C

Purchase Details

Closed on
Jul 20, 1995
Sold by
Michie Douglas C and Michie Rose Marie
Bought by
Michie Kathleen
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
Vieira Luciano $920,000 Fidelity National Title Co
Brasil Antonio O -- None Available
Brasil Antonio O $795,000 Fidelity Title Company
Crabtree David C $185,000 Fidelity Title Company
Job Michael -- Fidelity Title Company
Job Michael $370,000 Fidelity Title Company
Wlb & Associates Family Partnership $52,500 First American Title Ins Co
Michie Douglas C $25,000 --
Michie Kathleen $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brasil Antonio O $400,000
Previous Owner Crabtree David C $413,100
Previous Owner Job Michael $241,900
Previous Owner Job Michael $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2017 03/22/17 Sold $920,000 0.0% $344 / Sq Ft
12/12/2016 12/12/16 Pending -- -- --
12/12/2016 12/12/16 Off Market $920,000 -- --
10/03/2016 10/03/16 For Sale $959,000 +4.2% $358 / Sq Ft
09/30/2016 09/30/16 Off Market $920,000 -- --
08/03/2016 08/03/16 Price Changed $959,000 -0.1% $358 / Sq Ft
07/27/2016 07/27/16 Price Changed $959,900 -3.1% $358 / Sq Ft
04/24/2016 04/24/16 For Sale $990,900 -- $370 / 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
2024 $11,360 $1,046,797 $512,020 $534,777
2023 $11,360 $1,026,273 $501,981 $524,292
2022 $10,648 $1,006,151 $492,139 $514,012
2021 $10,478 $986,424 $482,490 $503,934
2020 $10,371 $976,310 $477,543 $498,767
2019 $10,263 $957,168 $468,180 $488,988
2018 $10,062 $938,400 $459,000 $479,400
2017 $9,865 $920,000 $425,000 $495,000
2016 $6,541 $610,000 $310,000 $300,000
2015 $5,789 $540,000 $270,000 $270,000
2014 $5,422 $540,000 $270,000 $270,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1066195

California Regional Multiple Listing Service (CRMLS)

APN: 068-332-043