Seller's Agent in 2019
Jack Franklin
Franklin Real Estate & Rentals
(805) 459-3055
7 in this area
14 Total Sales
420 Monterey Ave Morro Bay, CA 93442
Estimated Value: $1,293,654 - $2,003,000
6
Beds
3
Baths
2,445
Sq Ft
$628/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Coastline Views
- Hiking Trails
- Del Mar Elementary School Rated A-
- Custom Home
- Fireplace
About This Home
As of June 2019Lovely triplex located 2 blocks from the Embarcadero. Each unit features 2 bedrooms, 1 bath, gas stove, refrigerator, dishwasher, microwave, and disposal. Two of the units have stacked washer dryers inside, and the middle unit has tenant owned outside washer and dryer. The back units have some ocean view and the front unit has a huge deck with Bay, Ocean, and Rock views. The units are in good condition and occupied with single tenants. Tenants pay their own utilities and the gross rental income is $55,800. Call your Realtor for a showing. (24-hour notice required)
Last Agent to Sell the Property
Franklin Real Estate & Rentals License #00426210 Listed on: 05/07/2019
Last Buyer's Agent
Franklin Real Estate & Rentals License #00426210 Listed on: 05/07/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,916
Year Built
- Built in 1963
Lot Details
- 6,600 Sq Ft Lot
- Two or More Common Walls
- Wood Fence
Parking
- 3 Car Garage
- Parking Available
- Front Facing Garage
- Single Garage Door
- Up Slope from Street
- Driveway Level
- Off-Site Parking
Property Views
- Coastline
- Bay
Home Design
- Custom Home
- Property Attached
- Raised Foundation
- Asbestos Shingle Roof
- Stucco
Interior Spaces
- 2,445 Sq Ft Home
- 1-Story Property
- Fireplace
- French Mullion Window
- Garden Windows
- French Doors
Kitchen
- Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
Outdoor Features
- Fireplace in Patio
- Rain Gutters
Utilities
- Wall Furnace
- Natural Gas Connected
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, sewer, trash collection, water
- Assessor Parcel Number 066182006
Community Details
Overview
- 3 Units
Recreation
- Golf Course Community
- Hiking Trails
- Bike Trail
Building Details
- 3 Leased Units
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- New Taxes Expense $9,900
- Operating Expense $11,100
- Gross Income $55,800
- Net Operating Income $36,300
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 31, 2023
Sold by
George And Louvina Graves Family Trust
Bought by
2010 Graves Family Trust
Current Estimated Value
Purchase Details
Closed on
Oct 5, 2021
Sold by
Graves Trent E and Graves Diana J
Bought by
Graves Trent E and Graves Diana J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
3.09%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 7, 2019
Closed on
Jul 29, 2019
Sold by
Graves Trent E and Graves Diana J
Bought by
Graves George W and Graves Louvina M
Seller's Agent
Jack Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Jack Franklin
Franklin Real Estate & Rentals
List Price
$900,000
Sold Price
$900,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.98%
Original Mortgage
$675,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 7, 2019
Closed on
Jun 11, 2019
Sold by
Bednarski Living Trust
Bought by
The 2010 Graves Family Trust
Seller's Agent
Jack Franklin
Franklin Real Estate & Rentals
Buyer's Agent
Jack Franklin
Franklin Real Estate & Rentals
List Price
$900,000
Sold Price
$900,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$675,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 30, 2002
Sold by
Bednarski Jane M
Bought by
Bednarski Jane M and Bednarski Living Trust
Purchase Details
Closed on
Jun 9, 2000
Sold by
Sanford Edward and Sanford Barbara M
Bought by
Bednarski Jane M
Purchase Details
Closed on
Nov 16, 1993
Sold by
Sanford Edward and Sanford Barbara M
Bought by
Sanford Edward and Sanford Barbara M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.88%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 2010 Graves Family Trust | -- | None Listed On Document | |
| Graves Trent E | -- | Atlas Title Company | |
| Graves George W | -- | None Available | |
| The 2010 Graves Family Trust | $900,000 | Placer Title Company Morro | |
| Bednarski Jane M | -- | -- | |
| Bednarski Jane M | $465,000 | Fidelity National Title Co | |
| Sanford Edward | -- | First American Title Insuran |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Graves Trent E | $665,000 | |
| Previous Owner | The 2010 Graves Family Trust | $675,000 | |
| Previous Owner | Sanford Edward | $272,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2019 06/21/19 | Sold | $900,000 | 0.0% | $368 / Sq Ft |
| 05/08/2019 05/08/19 | Pending | -- | -- | -- |
| 05/07/2019 05/07/19 | For Sale | $900,000 | -- | $368 / 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 | $13,916 | $1,284,364 | $526,048 | $758,316 |
| 2024 | $10,681 | $1,259,182 | $515,734 | $743,448 |
| 2023 | $10,681 | $964,978 | $402,074 | $562,904 |
| 2022 | $10,012 | $946,058 | $394,191 | $551,867 |
| 2021 | $9,852 | $927,509 | $386,462 | $541,047 |
| 2020 | $9,751 | $918,000 | $382,500 | $535,500 |
| 2019 | $6,735 | $628,108 | $324,185 | $303,923 |
| 2018 | $6,603 | $615,793 | $317,829 | $297,964 |
| 2017 | $6,473 | $603,720 | $311,598 | $292,122 |
| 2016 | $6,346 | $591,884 | $305,489 | $286,395 |
| 2015 | $6,250 | $582,995 | $300,901 | $282,094 |
| 2014 | $5,739 | $571,576 | $295,007 | $276,569 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Franklin
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC19102811
APN: 066-182-006
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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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