NOT LISTED FOR SALE

2985 Elm Ave Morro Bay, CA 93442

Estimated Value: $913,000 - $1,212,000

3 Beds
3 Baths
1,352 Sq Ft
$749/Sq Ft Est. Value

Sale Details

Date Sold: May 16, 2016

Last sale price $635,000 $470 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $6,108 / mo

15 Days on Market

Highlights

  • Cathedral Ceiling
  • Shed
  • Paved or Partially Paved Lot
  • Del Mar Elementary School Rated A-

About This Home

As of May 2016

Marketing Remarks: Extraordinary North Morro Bay property gem. Two homes on one lot located yards from Del Mar Elementary, in area across Hwy 1 from the beach access off San Jacinto, and near Taco Temple. Original home at 2985 Elm is a single level 1-bedroom, 1 full bath house, built in 1953. Be charmed by the original horizontal wood paneling covering half of the walls typical in Morro Bay homes of a bygone era. It has a carport with storage and covered rear sun porch area. Additional home fronts Dogwood Street (2980 Dogwood) and was built in 2005. It's a second story 1-bedroom, 3/4 bath with garage underneath. Full rock view and whitewater views from inside home. Views are even better from the upstairs balcony! Interior includes fireplace and vaulted wood ceilings. Some surprisingly thoughtful extra styled details as well, including tankless water heaters, easy care attractive yard, and privacy screening. Both homes on one meter for each utility.

Last Agent to Sell the Property

Dawna Davies

Davies Co. Real Estate License #01152951 Listed on: 03/31/2016

Last Buyer's Agent

Monica Randeen

Monica Randeen, Broker License #01860001

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Lot Details

  • 3,999 Sq Ft Lot
  • Paved or Partially Paved Lot

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,352 Sq Ft Home
  • Cathedral Ceiling

Laundry

  • Laundry in unit
  • Washer Hookup

Parking

  • Parking Available
  • On-Street Parking
  • On-Site Parking

Outdoor Features

  • Shed

Utilities

  • Wall Furnace
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 068195003

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

3,999 Sq Ft Lot

Listing Details

  • Subdivision Name Other: North Morro Bay(820)
  • Zoning: R
  • Property Type: Residential Income
  • Parcel Number: 068195003
  • Year Built: 1953
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceiling(s)
  • Levels: Two
  • Price Per Square Foot: 469.67

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Laundry: Yes
  • Heating Type: Natural Gas, Wall Furnace
  • Laundry Features: Washer Hookup

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 3999.00

Multi Family

  • Number Of Units Total: 2

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2016
Closed on
Apr 26, 2016
Sold by
Bought by
Seller's Agent
Dawna Davies
Davies Co. Real Estate
Buyer's Agent
Monica Randeen
Monica Randeen, Broker
List Price
$645,000
Sold Price
$635,000
Premium/Discount to List
-$10,000
-1.55%
Current Estimated Value
$1,012,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$377,406
Avg. Annual Appreciation
4.70%

Purchase Details

Closed on
Feb 10, 2015
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 7, 2001
Sold by
Bought by

Purchase Details

Closed on
Mar 30, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
8.24%

Purchase Details

Closed on
Jan 14, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$82,400
Interest Rate
7.96%

Purchase Details

Closed on
Apr 14, 1994
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$635,000 First American Title Company
-- Public
-- Public
$150,000 Chicago Title Company
$150,000 Chicago Title Company
-- --
$150,000 Cuesta Title Company
$103,000 Cuesta Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $250,000
Previous Owner $120,000
Previous Owner $82,400
Closed $18,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/16/2016 05/16/16 Sold $635,000 -1.6% $470 / Sq Ft
04/15/2016 04/15/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $645,000 -- $477 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,067 $751,705 $443,922 $307,783
2024 $7,920 $736,967 $435,218 $301,749
2023 $7,920 $722,518 $426,685 $295,833
2022 $7,422 $708,352 $418,319 $290,033
2021 $7,303 $694,464 $410,117 $284,347
2020 $7,227 $687,344 $405,912 $281,432
2019 $7,150 $673,867 $397,953 $275,914
2018 $7,009 $660,654 $390,150 $270,504
2017 $6,945 $647,700 $382,500 $265,200
2016 $3,028 $289,401 $129,831 $159,570
2015 $2,981 $285,055 $127,881 $157,174
2014 $2,736 $279,472 $125,376 $154,096
Source: Public Records

Agents Affiliated with this Home

  • Dawna Davies

    Seller's Agent in 2016

    Dawna Davies

    Davies Co. Real Estate

    (805) 459-5889

    81 Total Sales

    Dawna Davies
    Section Image

  • M

    Buyer's Agent in 2016

    Monica Randeen

    Monica Randeen, Broker

    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP1065086

California Regional Multiple Listing Service (CRMLS)

APN: 068-195-003

California San Luis Obispo County Morro Bay 93442

2985 Elm Ave, Morro Bay, CA

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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