NOT LISTED FOR SALE

340 Arbutus Ave Morro Bay, CA 93442

Estimated Value: $882,497 - $1,021,000

2 Beds
1 Bath
1,052 Sq Ft
$909/Sq Ft Est. Value

Last Sold August 23, 2017

Last sale price $610,000 $580 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,622/month

10 Days on Market

Highlights

  • Golf Course Community
  • Wood Flooring
  • 2 Car Attached Garage
  • Del Mar Elementary School Rated A-
  • No HOA
  • Laundry Room

About This Home

As of August 2017

Beautifully maintained home nestled in Morro Bay Heights! Charming single level floorplan offers an open concept living room, dining area, and spacious kitchen. Abundant natural light throughout creates an open and airy space. French doors off the master suite to backyard patio. A large bonus room with full bathroom with and windows to view the backyard. Located approx. five home up from the Morro Bay Golf Course with a view trail around golf course. Complete with two car garage and spacious fenced yard.

Last Agent to Sell the Property

Brooke Sutton

Richardson Sotheby's International Realty License #01411266 Listed on: 06/30/2017

Richardson Sotheby's International Realty

Last Buyer's Agent

Gail Riley

Dale Kaiser Real Estate License #01118809

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1953

Lot Details

  • 5,000 Sq Ft Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation

Interior Spaces

  • 1,052 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Wall Furnace

Listing and Financial Details

  • Assessor Parcel Number 066242005

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Morro Heights (810)
  • View: No
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066242005
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1052.00 Square Feet
  • Interior Amenities: Pantry
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 579.85
  • Room Type: All Bedrooms Down

Exterior Features

  • Foundation: Slab
  • Pool Private: No

Garage/Parking

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

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard
  • Lot Size Sq Ft: 5000.00

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 106.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2017
Closed on
Jul 19, 2017
Sold by
Flynn Mary R
Bought by
Taron Nicholas Adrian and Taron Ana Narian C
Seller's Agent
Brooke Sutton
Richardson Sotheby's International Realty
Buyer's Agent
Gail Riley
Dale Kaiser Real Estate
List Price
$606,000
Sold Price
$610,000
Premium/Discount to List
$4,000
0.66%
Current Estimated Value
$956,624

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,624
Avg. Annual Appreciation
5.52%
Original Mortgage
$410,000
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 17, 2016
Sold by
Flynn James K
Bought by
Flynn Mary R

Purchase Details

Listed on
Aug 8, 2013
Closed on
Jan 28, 2014
Sold by
Eads Robert C and Eads Paula J
Bought by
Flynn James K and Flynn Mary
Seller's Agent
Jay Chiasson
Navigators Real Estate
Buyer's Agent
Brooke Sutton
Richardson Sotheby's International Realty
List Price
$535,000
Sold Price
$490,000
Premium/Discount to List
-$45,000
-8.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.78%
Original Mortgage
$490,000
Interest Rate
4.49%
Mortgage Type
VA

Purchase Details

Closed on
Oct 18, 2006
Sold by
Lawson John A and Lawson Cindy A
Bought by
Eads Robert C and Eads Paula J

Purchase Details

Closed on
Apr 22, 2004
Sold by
Stadler Susanne S
Bought by
Lawson John A and Lawson Cindy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,920
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 8, 2001
Sold by
Ardizzone Richard Raymond
Bought by
Stadler Susanne S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.19%

Purchase Details

Closed on
Oct 16, 2000
Sold by
Thomas Md Gregory and Estate Of Alta Pearl Kehden
Bought by
Ardizzone Richard Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Taron Nicholas Adrian $610,000 First American Title Company
Flynn Mary R -- None Available
Flynn Mary R -- None Available
Flynn James K $490,000 First American Title Company
Eads Robert C $635,000 Chicago Title Co
Lawson John A $520,000 Fidelity Title Company
Stadler Susanne S $250,000 First American Title Co
Stadler Susanne S -- First American Title Co
Ardizzone Richard Raymond $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taron Nicholas Adrian $410,000
Previous Owner Flynn James K $490,000
Previous Owner Lawson John A $415,920
Previous Owner Stadler Susanne S $200,000
Previous Owner Ardizzone Richard Raymond $196,000
Closed Stadler Susanne S $10,000
Closed Lawson John A $51,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/23/2017 08/23/17 Sold $610,000 +0.7% $580 / Sq Ft
07/10/2017 07/10/17 Pending -- -- --
06/30/2017 06/30/17 For Sale $606,000 +23.7% $576 / Sq Ft
02/14/2014 02/14/14 Sold $490,000 -6.7% $466 / Sq Ft View Prior Sale
12/17/2013 12/17/13 Pending -- -- --
11/06/2013 11/06/13 Price Changed $525,000 -1.9% $499 / Sq Ft
08/08/2013 08/08/13 For Sale $535,000 -- $509 / 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 $7,443 $694,071 $472,197 $221,874
2024 $7,307 $680,463 $462,939 $217,524
2023 $7,307 $667,121 $453,862 $213,259
2022 $6,847 $654,041 $444,963 $209,078
2021 $6,811 $641,218 $436,239 $204,979
2020 $6,742 $634,644 $431,766 $202,878
2019 $6,672 $622,200 $423,300 $198,900
2018 $6,541 $610,000 $415,000 $195,000
2017 $5,474 $517,557 $343,278 $174,279
2016 $5,441 $507,410 $336,548 $170,862
2015 $5,358 $499,789 $331,493 $168,296
2014 $4,920 $490,000 $385,000 $105,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI17148581

California Regional Multiple Listing Service (CRMLS)

APN: 066-242-005