NOT LISTED FOR SALE

3140 Studio Dr Cayucos, CA 93430

Cayucos Neighborhood

Estimated Value: $3,373,000 - $3,440,992

3 Beds
4 Baths
3,448 Sq Ft
$987/Sq Ft Est. Value

Last Sold July 20, 2018

Last sale price $2,500,000 $725 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $20,197/month

About This Home

Got an itch to live on the beach, play on sand, swim in the surf, or gaze at the sun setting on the ocean? Then you gotta see this home. It's by far THE BEST VALUE of any ocean front available to buy in Cayucos. It's spacious and move-in ready. The downstairs features a floor to ceiling atrium entryway, large living room with fireplace, huge kitchen with large dining area, 2 bedrooms, 2 baths, and laundry room. The upstairs features a dual stairwell entry to a large master suite with fireplace and spacious patio terrace, walk-in closet, and bathroom for two. In addition, Mother Nature designed a solid rock seawall to protect the bluff, and there's a public beach walk adjacent to the home with a stairwell to the sand that's maintained by the County. Best of all, this home was designed for the owners large family and for their extended families, and all of the heirs in this Estate wanted us to share, just how much joy and happiness this home had meant to them. Call your Realtor today, you'll be glad you did.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2017
Closed on
Jun 20, 2018
Sold by
Gulmert Katherine S and The Gulmert 2003 Revocable Liv
Bought by
Pessah Roger and Pessah Laura
Seller's Agent
Matthew Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Henri Pessah
I Star Properties
List Price
$2,750,000
Sold Price
$2,500,000
Premium/Discount to List
-$250,000
-9.09%
Current Estimated Value
$3,404,664

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$904,664
Avg. Annual Appreciation
4.22%
Original Mortgage
$2,500,000
Outstanding Balance
$2,162,081
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$1,242,583

Purchase Details

Closed on
Sep 15, 2003
Sold by
Gulmert Gustav A and Gulmert Beverly Neil
Bought by
Gulmert Gustav A and The Gulmert 2003 Revocable Liv

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 30, 2003
Sold by
Gulmert Gustav A and Gulmert Beverly Neil
Bought by
Gulmert Gustav A and Gulmert Beverly Neil

Purchase Details

Closed on
Jun 29, 2003
Sold by
Gulmert Gustav A and Gulmert Beverly Neil
Bought by
Gulmert Gustav A and The Gulmert 2003 Revocable Liv
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

Date Buyer Sale Price Title Company
Pessah Roger $2,500,000 First American Title Co
Gulmert Gustav A -- Fidelity Title Company
Gulmert Gustav A -- Fidelity Title Company
Gulmert Gustav A -- --
Gulmert Gustav A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pessah Roger $2,500,000
Previous Owner Gulmert Gustav A $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/20/2018 07/20/18 Sold $2,500,000 -9.1% $725 / Sq Ft View Prior Sale
06/11/2018 06/11/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $2,750,000 0.0% $798 / Sq Ft
01/10/2018 01/10/18 Pending -- -- --
12/23/2017 12/23/17 Price Changed $2,750,000 -6.8% $798 / Sq Ft
11/01/2017 11/01/17 Price Changed $2,950,000 -15.1% $856 / Sq Ft
10/23/2017 10/23/17 Price Changed $3,475,000 -7.3% $1,008 / Sq Ft
10/03/2017 10/03/17 Price Changed $3,750,000 -6.0% $1,088 / Sq Ft
07/27/2017 07/27/17 Price Changed $3,990,000 -14.2% $1,157 / Sq Ft
06/19/2017 06/19/17 Price Changed $4,650,000 -5.1% $1,349 / Sq Ft
05/02/2017 05/02/17 For Sale $4,900,000 -- $1,421 / Sq Ft

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 $28,727 $2,788,792 $2,063,707 $725,085
2024 $28,424 $2,734,111 $2,023,243 $710,868
2023 $28,424 $2,680,502 $1,983,572 $696,930
2022 $27,951 $2,627,944 $1,944,679 $683,265
2021 $27,577 $2,576,417 $1,906,549 $669,868
2020 $27,284 $2,550,000 $1,887,000 $663,000
2019 $26,749 $2,500,000 $1,850,000 $650,000
2018 $8,505 $706,297 $370,077 $336,220
2017 $43,172 $4,000,000 $3,100,000 $900,000
2016 $7,455 $678,872 $355,707 $323,165
2015 $7,963 $668,675 $350,364 $318,311
2014 $7,078 $655,577 $343,501 $312,076
Source: Public Records

Agents Affiliated with this Home

  • Matthew Franklin

    Seller's Agent in 2018

    Matthew Franklin

    Franklin Real Estate & Rentals

    (805) 459-4215

    23 Total Sales

    Matthew Franklin
    Section Image
  • Jack Franklin

    Seller Co-Listing Agent in 2018

    Jack Franklin

    Franklin Real Estate & Rentals

    (805) 459-3055

    1 in this area

    11 Total Sales

    Jack Franklin
    Section Image

  • H

    Buyer's Agent in 2018

    Henri Pessah

    I Star Properties

See All Agents

Map

California San Luis Obispo County Cayucos 93430 Cayucos

3140 Studio Dr, Cayucos, CA

Not Listed for Sale

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