NOT LISTED FOR SALE

2988 Cedar Ave Morro Bay, CA 93442

Estimated Value: $763,783 - $971,000

3 Beds
1 Bath
1,000 Sq Ft
$832/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $735,000 $735 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,744/month

5 Days on Market

Highlights

  • No HOA
  • Hiking Trails
  • Laundry Room
  • Del Mar Elementary School Rated A-
  • 2 Car Attached Garage
  • Dog Park

About This Home

As of November 2022

This classic Morro Bay cottage is on a street-to-street lot with 3 bedrooms, 1 bath, and a generous 2-car garage. Located on a quiet street near Del Mar Elementary and just a half mile to Morro Strand state beach, this home has a ton of potential with a little TLC.

Last Agent to Sell the Property

Patrick Mulholland

Compass License #02021448 Listed on: 10/07/2022

Compass

Last Buyer's Agent

Shonda Merrill

Merrill & Associates Real Estate License #01890742

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1970

Lot Details

  • 4,000 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned 10

Parking

  • 2 Car Attached Garage

Home Design

  • 1,000 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • All Upper Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Legal Lot and Block 3 / 5
  • Assessor Parcel Number 068194002

Community Details

Overview

  • No Home Owners Association
  • North Morro Bay Subdivision

Recreation

  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Home Details

Home Type

Single Family

Year Built

Built in 1970

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Morro Bay (820)
  • View: No
  • Zoning: 10
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 068194002
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1000.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 735.00
  • Room Type: All Bedrooms Up

Exterior Features

  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Dog Park, Hiking, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 5
  • Tax Census Tract: 106.03
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Nov 2, 2022
Sold by
Gauss Chris Keith
Bought by
Randal L Ellis And Lynn M Ellis Living Trust
Seller's Agent
Patrick Mulholland
Compass
Buyer's Agent
Shonda Merrill
Merrill & Associates Real Estate
List Price
$750,000
Sold Price
$735,000
Premium/Discount to List
-$15,000
-2%
Views
19
Current Estimated Value
$832,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,446
Avg. Annual Appreciation
3.94%

Purchase Details

Closed on
Jun 22, 2005
Sold by
Gauss Malyne Kay
Bought by
Gauss Malyne Kay

Purchase Details

Closed on
Jun 17, 2005
Sold by
Gauss Malyne Kay
Bought by
Gauss Malyne Kay

Purchase Details

Closed on
Mar 18, 1998
Sold by
Stocking James E
Bought by
Stocking James E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Randal L Ellis And Lynn M Ellis Living Trust $735,000 First American Title
Gauss Malyne Kay -- --
Gauss Malyne Kay -- --
Stocking James E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $735,000 -2.0% $735 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $750,000 -- $750 / 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 $5,059 $474,088 $147,765 $326,323
2024 $4,966 $464,793 $144,868 $319,925
2023 $4,966 $455,680 $142,028 $313,652
2022 $550 $51,937 $13,375 $38,562
2021 $541 $50,919 $13,113 $37,806
2020 $535 $50,398 $12,979 $37,419
2019 $530 $49,411 $12,725 $36,686
2018 $519 $48,443 $12,476 $35,967
2017 $509 $47,494 $12,232 $35,262
2016 $499 $46,564 $11,993 $34,571
2015 $492 $45,865 $11,813 $34,052
2014 $451 $44,967 $11,582 $33,385
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22218321

California Regional Multiple Listing Service (CRMLS)

APN: 068-194-002