NOT LISTED FOR SALE

426 Monterey Ave Morro Bay, CA 93442

Estimated Value: $1,038,104 - $1,816,000

6 Beds
3 Baths
2,400 Sq Ft
$583/Sq Ft Est. Value

Last Sold September 19, 2018

Last sale price $775,000 $323 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $8,352/month

14 Days on Market

Highlights

  • No Units Above
  • No HOA
  • 3 Car Garage
  • Del Mar Elementary School Rated A-
  • Laundry Room
  • Gentle Sloping Lot

About This Home

As of September 2018

Great investment or owner occupant opportunity. Morro Bay Triplex located in Morro Heights. 3, 2 bedroom 1 bath units with 1 car garage and carports. Large lot offers an abundance of parking. VIEWS of Morro Rock, Pacific Ocean and beautiful Morro Bay sunsets. Well sized rooms, Indoor laundry.

Last Agent to Sell the Property

Steve Weiss

Coast & County Brokers License #00939055 Listed on: 07/17/2018

Last Buyer's Agent

Frankie Ciano

Ciano Real Estate, Inc. License #01412309

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,367

Year Built

  • Built in 1970

Lot Details

  • 6,274 Sq Ft Lot
  • No Units Above
  • 1 Common Wall
  • Gentle Sloping Lot

Parking

  • 3 Car Garage
  • 2 Carport Spaces
  • Parking Available
  • Three Garage Doors

Home Design

  • Triplex

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 066182005

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 3 Separate Water Meters
  • Gross Income $23,475

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,367

Year Built

Built in 1970

Lot Details

0

Parking

3

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Morro Heights (810)
  • Zoning: R2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 066182005
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall, No One Above
  • Levels: Two
  • Price Per Square Foot: 322.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Carport, Garage, Garage - Three Door
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping
  • Lot Size Sq Ft: 6274.00

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 23475.00
  • Gross Scheduled Income: 51300.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Actual Rent: 4275.00

Tax Info

  • Tax Census Tract: 106.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2018
Closed on
Sep 13, 2018
Sold by
Bennett Milon Bradford and Bennett George David
Bought by
Bennett Milon Bradford
Seller's Agent
Steve Weiss
Coast & County Brokers
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$995,000
Sold Price
$775,000
Premium/Discount to List
-$220,000
-22.11%
Current Estimated Value
$1,400,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$625,276
Avg. Annual Appreciation
8.84%

Purchase Details

Listed on
Jul 17, 2018
Closed on
Aug 3, 2018
Sold by
Bennett Milon Bradford and David L George Family Trust
Bought by
Armstrong Robert Michael and Armstrong Kathleen Keon
Seller's Agent
Steve Weiss
Coast & County Brokers
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$995,000
Sold Price
$775,000
Premium/Discount to List
-$220,000
-22.11%

Purchase Details

Closed on
Aug 20, 2015
Sold by
George Barbara H and George David L
Bought by
George David L and David L George Family Trust

Purchase Details

Closed on
Apr 15, 2015
Sold by
George David L and The David L George Family Trus
Bought by
George Barbara H and George David L

Purchase Details

Closed on
Jun 13, 2013
Sold by
George David L
Bought by
George David L and David L George Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2012
Sold by
George Barbara
Bought by
George David L

Purchase Details

Closed on
Oct 19, 2010
Sold by
George David L and George Barbara
Bought by
George David L and George Barbara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,000
Interest Rate
4.79%
Mortgage Type
New Conventional
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
Bennett Milon Bradford -- Fidelity National Title Co
Armstrong Robert Michael $775,000 Fidelity National Title Co
George David L -- None Available
George Barbara H -- Public
George David L -- None Available
George David L -- None Available
George David L -- First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner George David L $55,000
Previous Owner George David L $56,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2018 09/19/18 Sold $775,000 -22.1% $323 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
07/17/2018 07/17/18 For Sale $995,000 -- $415 / 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 $9,367 $864,522 $390,429 $474,093
2024 $9,198 $847,572 $382,774 $464,798
2023 $9,198 $830,954 $375,269 $455,685
2022 $8,621 $814,661 $367,911 $446,750
2021 $8,484 $798,689 $360,698 $437,991
2020 $8,397 $790,500 $357,000 $433,500
2019 $8,310 $775,000 $350,000 $425,000
2018 $2,317 $216,082 $85,763 $130,319
2017 $2,272 $211,846 $84,082 $127,764
2016 $2,227 $207,693 $82,434 $125,259
2015 $2,193 $204,574 $81,196 $123,378
2014 $2,014 $200,568 $79,606 $120,962
Source: Public Records

Agents Affiliated with this Home

  • Steve Weiss

    Seller's Agent in 2018

    Steve Weiss

    Coast & County Brokers

    (805) 886-1404

    21 Total Sales

    Steve Weiss
    Section Image
  • Frankie Ciano

    Buyer's Agent in 2018

    Frankie Ciano

    Ciano Real Estate, Inc.

    (805) 748-1026

    17 in this area

    65 Total Sales

    Frankie Ciano
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP18171635

California Regional Multiple Listing Service (CRMLS)

APN: 066-182-005

California San Luis Obispo County Morro Bay 93442

426 Monterey Ave, Morro Bay, CA

This home is located at 426 Monterey Ave, Morro Bay, CA 93442 since 17 July 2018 and is currently estimated at $1,400,276, approximately $583 per square foot. This property was built in 1970. 426 Monterey Ave is a home located in San Luis Obispo County with nearby schools including Del Mar Elementary School, Los Osos Middle School, and Morro Bay High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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