Seller's Agent in 2025
Jessica Padilla
Compass
(805) 779-7800
4 in this area
19 Total Sales
331 Panay St Morro Bay, CA 93442
Estimated Value: $567,000 - $606,388
2
Beds
1
Bath
442
Sq Ft
$1,323/Sq Ft
Est. Value
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 Brokerage Phone: 805-769-8779 License #02130559 Listed on: 01/29/2025
Home Details
Home Type
- Single Family
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
- Entry on the 1st floor
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 in unit
- 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
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
Closed on
Dec 12, 2025
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$442,100
Outstanding Balance
$441,254
Interest Rate
6.22%
Mortgage Type
New Conventional
Estimated Equity
$143,343
Purchase Details
Listed on
Jul 24, 2023
Closed on
Aug 31, 2023
Sold by
Bought by
Seller's Agent
Christine McDonald
Coastal Real Estate
Buyer's Agent
Jessica Padilla
Compass
List Price
$475,000
Sold Price
$435,000
Premium/Discount to List
-$40,000
-8.42%
Views
473
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.43%
Purchase Details
Closed on
Oct 9, 2014
Sold by
Bought by
Purchase Details
Listed on
Jun 6, 2012
Closed on
Jul 30, 2012
Sold by
Bought by
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
9.05%
Original Mortgage
$151,000
Interest Rate
3.56%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Apr 1, 2008
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
5.81%
Mortgage Type
Purchase Money Mortgage
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| -- | Fidelity National Title | ||
| $435,000 | First American Title | ||
| -- | None Available | ||
| $176,000 | Fidelity National Title Co | ||
| $210,000 | First American Title Co |
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 |
|---|---|---|---|
| Open | $442,100 | ||
| Previous Owner | $151,000 | ||
| Previous Owner | $120,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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 | View Prior Sale |
| 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
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 | $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
39 Total Sales
-
Christine McDonald
Seller's Agent in 2023
Christine McDonald
Coastal Real Estate
(805) 441-5018
13 in this area
56 Total Sales
-
Sophia McDonald
Seller Co-Listing Agent in 2023
Sophia McDonald
Coastal Real Estate
(805) 234-5828
7 in this area
48 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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