NOT LISTED FOR SALE

427 Morro Cove Rd Morro Bay, CA 93442

Estimated Value: $1,591,000 - $1,727,764

3 Beds
2.5 Baths
2,875 Sq Ft
$580/Sq Ft Est. Value

Last Sold February 27, 2017

Last sale price $950,000 $330 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,124/month

30 Days on Market

Highlights

  • Bay View
  • Bonus Room
  • Double Oven
  • Del Mar Elementary School Rated A-
  • L-Shaped Dining Room
  • Fireplace

About This Home

As of February 2017

Its Here! Walking distance to Downtown Morro Bay, Just steps down to Tidelands waterfront park and the Embarcadero. Morro Cove a favorite among homeowners as they do not change hands too often! This one offers a spacious layout with 2875 sqft of luxury living! The kitchen is open to the living area then flows to a dining area highlighted by a two-way fireplace. There is an extra flex space downstairs that create options; formal sitting room, rec room with pool table, casual office or consider enclosing it with set of french doors. The Master Suite upstairs is amply sized with sitting area and large walk in closet that has a Bay View! Two other Bedrooms also offer a snapshot of the Bay too! There is great storage in the kitchen, granite counters and stainless appliances. The home feature a separate laundry area and even a hidden storage nook under the stairwell! Centrally Located, feature rich, Move in Ready and priced to go!

Last Agent to Sell the Property

Jay Chiasson

Navigators Real Estate License #01836276 Listed on: 01/12/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,946

Year Built

  • Built in 2004

Lot Details

  • 3,951 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Level Lot

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway

Home Design

  • Slab Foundation
  • Concrete Roof
  • Stucco

Interior Spaces

  • 2,875 Sq Ft Home
  • Central Vacuum
  • Fireplace
  • Double Pane Windows
  • L-Shaped Dining Room
  • Bonus Room
  • Carpet
  • Bay Views

Kitchen

  • Breakfast Bar
  • Double Oven
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Utilities

  • Cooling Available
  • Forced Air Heating System

Listing and Financial Details

  • Assessor Parcel Number 066174015

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,946

Year Built

Built in 2004

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Morro Cove(780)
  • View: Yes
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066174015
  • Year Built: 2004
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2875.00
  • Interior Amenities: Vacuum Central
  • Flooring: Carpet
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Eating Area: Dining Room, Dining Ell, Breakfast Counter / Bar
  • Levels: Two
  • Price Per Square Foot: 330.43
  • Room Type: Bonus Room
  • Window Features: Double Pane Windows

Exterior Features

  • Foundation: Slab
  • View: Bay
  • Fence: Yes
  • Fencing: Privacy
  • Roof: Concrete
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Covered
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Refrigerator, Gas Cooking, Disposal, Double Oven, Dishwasher, Microwave
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 55.00
  • Association Fee Frequency: Monthly
  • Senior Community: No
  • Community Features: Sidewalks, Curbs

Lot Info

  • Lot Features: Level with Street
  • Lot Size Sq Ft: 3951.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2017
Closed on
Feb 16, 2017
Sold by
Poate Edward W and Poate Kimberly P
Bought by
Kemp Mark K
Seller's Agent
Jay Chiasson
Navigators Real Estate
List Price
$975,000
Sold Price
$950,000
Premium/Discount to List
-$25,000
-2.56%
Current Estimated Value
$1,668,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$718,441
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
Sep 17, 2004
Sold by
Morro Cove Lp
Bought by
Poate Edward W and Poate Kimberly P
Source: Public Records

Range of Values:

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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
Kemp Mark K $950,000 Fidelity National Title Co
Poate Edward W -- First American Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2017 02/27/17 Sold $950,000 -2.6% $330 / Sq Ft
02/11/2017 02/11/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $975,000 -- $339 / 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 $11,946 $1,102,552 $464,232 $638,320
2024 $11,730 $1,080,934 $455,130 $625,804
2023 $11,730 $1,059,740 $446,206 $613,534
2022 $10,995 $1,038,961 $437,457 $601,504
2021 $10,820 $1,018,590 $428,880 $589,710
2020 $10,709 $1,008,147 $424,483 $583,664
2019 $10,598 $988,380 $416,160 $572,220
2018 $10,390 $969,000 $408,000 $561,000
2017 $10,186 $950,000 $400,000 $550,000
2016 $9,993 $932,000 $380,000 $552,000
2015 $9,423 $879,000 $360,000 $519,000
2014 $8,594 $856,000 $350,000 $506,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1074159

California Regional Multiple Listing Service (CRMLS)

APN: 066-174-015