NOT LISTED FOR SALE

396 Hill St Morro Bay, CA 93442

Estimated Value: $358,000 - $2,359,000

0.12 Acre
$8,878,475 Price per Acre
5,114 Sq Ft Lot

Last Sold March 06, 2020

Last sale price $235,000

Est. 342% increase in value since last sale

Current estimated payment $6,453/month

16 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Level Lot
  • Del Mar Elementary School Rated A-
  • Wood Fence

About This Lot

As of March 2020

Back on the market! This is a great investment property, and for the price it is a STEAL!! Large 5114 Sq Ft lot with ocean views, and a great location!! Preliminary plans approved by the city of Morro Bay for a LARGE duplex. Proposed 3 Bedroom 3 Bath Duplex with decks, that will have views of the 3 stacks, rock and ocean. Many allowable uses and lots of opportunities. You can alter plans to have 1 bigger unit and a small unit, also possible for commercial use (check with the city). Soil and Topo reports are available. Plans are available upon request, water at street. Seller may carry $50,000. Next step is engineering. Call your Realtor and make an offer today!Seller is a local contractor and originally planned to build it out, perfect for building investors/contractors.

Last Agent to Sell the Property

Taylor Eisemann

SIM Real Estate License #02000990 Listed on: 01/29/2020

Last Buyer's Agent

Taylor Eisemann

SIM Real Estate License #02000990 Listed on: 01/29/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,497

Lot Details

  • 5,114 Sq Ft Lot
  • Wood Fence
  • Fence is in excellent condition
  • Level Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned MCR

Property Views

  • Ocean
  • Coastline
  • Peek-A-Boo
  • Views of a landmark
  • Hills
  • Rock

Home Design

  • Planned Development

Listing and Financial Details

  • Assessor Parcel Number 068282032

Community Details

Overview

  • No Home Owners Association

Recreation

  • Exterior Lighting

Property Details

Property Type

Land

Est. Annual Taxes

$9,497

Lot Details

0

Listing Details

  • Subdivision Name Other: North Morro Bay (820)
  • View: Yes
  • Zoning: MCR
  • Property Type: Land
  • Parcel Number: 068282032
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 45.95

Exterior Features

  • View: Coastline, Hills, Landmark, Ocean, Peek-A-Boo, Rocks
  • Fencing: Excellent Condition, Wood

Utilities

  • Utilities: Natural Gas Available, Water Available
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Level
  • Lot Size Sq Ft: 5114.00
  • Lot Size Acres: 0.1174
  • Latitude Manual: 35.38254800

Multi Family

  • Lot Size Area: 5114.0000 Square Feet

Tax Info

  • Tax Census Tract: 105.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Marshall Godfrey Scott and Marshall Amie
Bought by
Sage Trust
Current Estimated Value
$1,039,000

Purchase Details

Listed on
Jan 29, 2020
Closed on
Feb 26, 2020
Sold by
Eisemann Mar and Eisemann Bryan H
Bought by
Godfrey Scott Marshall and Godfrey Amie
Seller's Agent
Taylor Eisemann
SIM Real Estate
Buyer's Agent
Taylor Eisemann
SIM Real Estate
List Price
$249,000
Sold Price
$235,000
Premium/Discount to List
-$14,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.57%

Purchase Details

Closed on
May 29, 2016
Sold by
Guisto Don and Guisto Kirsten
Bought by
Eisemann Marc and Eisemann Bryan H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
3.66%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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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
Sage Trust -- None Listed On Document
Godfrey Scott Marshall -- None Listed On Document
Godfrey Scott Marshall $235,000 Fidelity National Title Co
Eisemann Marc $179,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Eisemann Marc $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $235,000 -5.6% --
02/14/2020 02/14/20 Pending -- -- --
01/29/2020 01/29/20 For Sale $249,000 -- --
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 $9,497 $876,552 $257,004 $619,548
2024 $2,734 $859,365 $251,965 $607,400
2023 $2,734 $247,025 $247,025 $0
2022 $2,563 $242,182 $242,182 $0
2021 $2,522 $237,434 $237,434 $0
2020 $2,018 $189,955 $189,955 $0
2019 $1,997 $186,231 $186,231 $0
2018 $1,958 $182,580 $182,580 $0
2017 $1,919 $179,000 $179,000 $0
2016 $846 $78,913 $78,913 $0
2015 $833 $77,728 $77,728 $0
2014 $765 $76,206 $76,206 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC20021025

California Regional Multiple Listing Service (CRMLS)

APN: 068-282-032