Seller's Agent in 2025
Jessica Padilla
Compass California, Inc.-PB
(805) 769-8779
3 in this area
16 Total Sales
331 Panay St Morro Bay, CA 93442
2
Beds
1
Bath
442
Sq Ft
2,400
Sq Ft Lot
Highlights
- Ocean View
- Golf Course Community
- Deck
- Del Mar Elementary School Rated A-
- Fishing
- No HOA
About This Home
As of June 2025Incredible investment opportunity! Recently renovated beach bungalow with ocean views in highly desirable North Morro Bay. Perfect for an investment, beach home, or the starting point for a beautifully designed custom home. Included in the sale are renderings of a potential future 2BR / 2BA home (approx 1200 sf) with a garage, attached 700 sf ADU and rooftop deck - taking full advantage of ocean and hillside views. Step inside to discover a thoughtfully updated interior, featuring renovated kitchen & bathroom with painted wood cabinets and beautiful epoxy countertops. The open layout creates a warm and inviting atmosphere, ideal for relaxation. Recent upgrades include all new: roof, windows & doors, electrical, plumbing, flooring, (3) wall heaters, paver patio, paver entry path, deck, gutters, patio cover, storage shed, interior & exterior paint. Whether you're enjoying your morning coffee on the porch or hosting a gathering on the spacious patio, the outdoor spaces are designed to enhance your connection with nature. The fenced front and back yards offer privacy and ample space for gardening or future development. For added convenience, the home includes two outdoor storage sheds (one is built to support a roof top deck - check with the city for potential ADU conversion), washer and dryer hookups, as well as on-site parking. This property truly embodies the essence of coastal living, offering a tranquil retreat just moments from the pristine beaches and vibrant heart of Morro Bay.Don't miss the opportunity to make this charming house your new home or investment project. Experience the beauty and potential of 331 Panay today!*All information deemed reliable but not guaranteed. Buyer to verify all information.
Last Agent to Sell the Property
Compass California, Inc.-PB Brokerage Phone: 805-769-8779 License #02130559 Listed on: 01/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,807
Year Built
- Built in 1940
Lot Details
- 2,400 Sq Ft Lot
- Density is up to 1 Unit/Acre
- Property is zoned R1
Property Views
- Ocean
- Mountain
Home Design
- Bungalow
Interior Spaces
- 442 Sq Ft Home
- 1-Story Property
- Double Pane Windows
- Vinyl Flooring
Kitchen
- Eat-In Kitchen
- Breakfast Bar
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- Remodeled Bathroom
- 1 Full Bathroom
- Walk-in Shower
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Parking
- 3 Open Parking Spaces
- 3 Parking Spaces
- Parking Available
- Driveway
Outdoor Features
- Deck
- Patio
- Shed
- Porch
Utilities
- Wall Furnace
- Natural Gas Connected
- Phone Available
Listing and Financial Details
- Legal Lot and Block 17 / 5
- Assessor Parcel Number 065051015
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- North Morro Bay Subdivision
- Foothills
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Hiking Trails
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 9, 2014
Sold by
Taus Vaughn
Bought by
Vaughn Craig and Vaughn Sasha Theodora
Purchase Details
Listed on
Jun 6, 2012
Closed on
Jul 30, 2012
Sold by
Saurwein John R and Saurwein Irene E
Bought by
Taus Vaughn Craig and Taus Sasha Theodora
Seller's Agent
John Saurwein
Bay Osos Brokers
Buyer's Agent
John Saurwein
Bay Osos Brokers
List Price
$193,000
Sold Price
$176,000
Premium/Discount to List
-$17,000
-8.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$151,000
Outstanding Balance
$104,436
Interest Rate
3.56%
Mortgage Type
Seller Take Back
Estimated Equity
$450,514
Purchase Details
Closed on
Apr 1, 2008
Sold by
Armour Maurine
Bought by
Saurwein John R and Saurwein Irene E
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
5.81%
Mortgage Type
Purchase Money Mortgage
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $176,000 | Fidelity National Title Co | |
| Grant Deed | $210,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $151,000 | Seller Take Back | |
| Previous Owner | $120,000 | Purchase Money Mortgage | |
| Previous Owner | $100,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/16/2025 06/16/25 | Sold | $550,000 | -2.7% | $1,244 / Sq Ft |
| 05/15/2025 05/15/25 | Pending | -- | -- | -- |
| 05/02/2025 05/02/25 | Price Changed | $565,000 | -5.4% | $1,278 / Sq Ft |
| 04/02/2025 04/02/25 | Price Changed | $597,000 | -2.8% | $1,351 / Sq Ft |
| 03/07/2025 03/07/25 | Price Changed | $614,000 | -1.6% | $1,389 / Sq Ft |
| 01/29/2025 01/29/25 | For Sale | $624,000 | +43.4% | $1,412 / Sq Ft |
| 09/28/2023 09/28/23 | Sold | $435,000 | -8.4% | $984 / Sq Ft |
| 08/28/2023 08/28/23 | Pending | -- | -- | -- |
| 07/24/2023 07/24/23 | For Sale | $475,000 | +169.9% | $1,075 / Sq Ft |
| 08/16/2012 08/16/12 | Sold | $176,000 | -6.4% | $398 / Sq Ft |
| 07/17/2012 07/17/12 | Pending | -- | -- | -- |
| 06/28/2012 06/28/12 | Price Changed | $188,000 | -2.6% | $425 / Sq Ft |
| 06/06/2012 06/06/12 | For Sale | $193,000 | -- | $437 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $4,807 | $443,700 | $382,500 | $61,200 |
| 2024 | $4,807 | $435,000 | $375,000 | $60,000 |
| 2023 | $2,306 | $208,304 | $177,536 | $30,768 |
| 2022 | $2,161 | $204,220 | $174,055 | $30,165 |
| 2021 | $2,127 | $200,217 | $170,643 | $29,574 |
| 2020 | $2,105 | $198,165 | $168,894 | $29,271 |
| 2019 | $2,083 | $194,281 | $165,583 | $28,698 |
| 2018 | $2,042 | $190,473 | $162,337 | $28,136 |
| 2017 | $2,002 | $186,739 | $159,154 | $27,585 |
| 2016 | $1,963 | $183,079 | $156,034 | $27,045 |
| 2015 | $1,933 | $180,330 | $153,691 | $26,639 |
| 2014 | $1,775 | $176,799 | $150,681 | $26,118 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Padilla
-
Trudy Sidener
Buyer's Agent in 2025
Trudy Sidener
BHGRE HAVEN PROPERTIES
(805) 801-3363
10 in this area
38 Total Sales
-
Christine McDonald
Seller's Agent in 2023
Christine McDonald
Coastal Real Estate
(805) 441-5018
13 in this area
51 Total Sales
-
Sophia McDonald
Seller Co-Listing Agent in 2023
Sophia McDonald
Coastal Real Estate
(805) 234-5828
7 in this area
40 Total Sales
-
J
Seller's Agent in 2012
John Saurwein
Bay Osos Brokers
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI25021064
APN: 065-051-015
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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