NOT LISTED FOR SALE

405 Pacific St Morro Bay, CA 93442

Estimated Value: $766,000 - $1,676,000

1 Bed
1 Bath
1,059 Sq Ft
$1,246/Sq Ft Est. Value

Last Sold July 19, 2013

Last sale price $515,000 $486 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $8,482/month

21 Days on Market

Highlights

  • Ocean View
  • Main Floor Primary Bedroom
  • Laundry Room
  • Del Mar Elementary School Rated A-
  • No HOA
  • 2-minute walk to Coleman Park

About This Home

As of July 2013

One of the best locations in downtown Morro Bay across from Bank of America. This is a 1930's home beautifully remodeled in 2010 and rents fully furnished for $1,550 p/mo. However the real value of this property is the land. It is zoned multi-family R-4 with room for 4 homes as PUD or condos. Call Planning Department @ 805-772-6261 for building requirements. Lot Description: 66 x 132

Last Agent to Sell the Property

Jack Franklin

Franklin Real Estate & Rentals License #00426210 Listed on: 06/01/2013

Last Buyer's Agent

Matthew Franklin

Franklin Real Estate & Rentals License #01326603

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,205

Year Built

  • Built in 1930

Lot Details

  • 8,712 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Level Lot
  • Property is zoned R4

Parking

  • 1 Car Garage
  • Parking Available

Property Views

  • Ocean
  • Rock

Home Design

  • Flat Roof Shape
  • Raised Foundation

Interior Spaces

  • 1,059 Sq Ft Home
  • Dining Room
  • Gas Oven or Range
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Additional Features

  • Shed
  • Floor Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066121009

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,205

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Subdivision Name Other: Town of El Morro(830)
  • View: Yes
  • Zoning: R4
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066121009
  • Year Built: 1930
  • Special Features: None

Interior Features

  • Living Area: 1059.00
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Dining Room
  • Levels: One
  • Price Per Square Foot: 486.31
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • Foundation: Raised
  • Other Structures: Shed(s)
  • View: Ocean, Rocks
  • Fence: Yes
  • Fencing: Privacy
  • Roof: Flat

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooking
  • Heating Type: Floor Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2020
Sold by
Wikler Karen and Karen Wikler Family Trust
Bought by
405 Pacific Llc
Current Estimated Value
$1,319,082

Purchase Details

Listed on
Jun 1, 2013
Closed on
Jul 7, 2013
Sold by
Winch Brenda L Blain and Brenda L Winch Trust
Bought by
Wikler Karen and Karen Wikler Family Trust
Seller's Agent
Jack Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Matthew Franklin
Franklin Real Estate & Rentals
List Price
$550,000
Sold Price
$515,000
Premium/Discount to List
-$35,000
-6.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.05%

Purchase Details

Closed on
Oct 18, 2007
Sold by
Winch Brenda L Blain
Bought by
Winch Brenda L Blain and Brenda L Winch Trust

Purchase Details

Closed on
Jul 8, 2003
Sold by
Winch George A and Winch Brenda L Blain
Bought by
Winch George A and Winch Brenda L Blain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
5.22%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jun 24, 2003
Sold by
Winch George A and Winch Brenda L Blain
Bought by
Winch George A and Winch Brenda L Blain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,000
Interest Rate
5.22%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Oct 23, 2000
Sold by
Gauss Malyne K and Noma M Stocking Living Trust
Bought by
Winch George and Winch Brenda Blain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,310
Interest Rate
7.89%

Purchase Details

Closed on
Feb 8, 1999
Sold by
Stocking Noma M and Noma M Stocking Living Trust
Bought by
Stocking Noma M and Gauss Malyne K
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
405 Pacific Llc -- None Available
Wikler Karen -- Fidelity National Title Co
Winch Brenda L Blain -- None Available
Winch George A -- First American Title Company
Winch George A -- First American Title Company
Winch George $239,500 First American Title
Stocking Noma M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Winch Brenda L Blain $354,000
Previous Owner Winch George A $194,000
Previous Owner Winch George $215,310
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2013 07/19/13 Sold $515,000 -6.4% $486 / Sq Ft
06/22/2013 06/22/13 Pending -- -- --
06/01/2013 06/01/13 For Sale $550,000 -- $519 / 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 $16,205 $1,495,618 $517,723 $977,895
2024 $15,912 $1,466,293 $507,572 $958,721
2023 $15,912 $1,437,543 $497,620 $939,923
2022 $14,915 $1,409,357 $487,863 $921,494
2021 $14,677 $1,381,724 $478,298 $903,426
2020 $14,527 $1,367,557 $473,394 $894,163
2019 $14,376 $1,340,743 $464,112 $876,631
2018 $14,094 $1,314,455 $455,012 $859,443
2017 $13,818 $635,682 $396,091 $239,591
2016 $6,703 $625,121 $388,325 $236,796
2015 $5,576 $520,189 $382,492 $137,697
2014 $5,120 $510,000 $375,000 $135,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC197043

California Regional Multiple Listing Service (CRMLS)

APN: 066-121-009