NOT LISTED FOR SALE

431 Luzon St Morro Bay, CA 93442

Estimated Value: $871,250 - $1,070,000

3 Beds
2 Baths
1,506 Sq Ft
$620/Sq Ft Est. Value

Last Sold December 21, 2020

Last sale price $740,000 $491 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,595/month

4 Days on Market

Highlights

  • Deck
  • Bonus Room
  • Balcony
  • Del Mar Elementary School Rated A-
  • No HOA
  • 4-minute walk to Del Mar Park

About This Home

As of December 2020

Cozy up in your new Morro Bay home just in time for the Holidays! This three bedroom, two bath home with wrap around deck is located near the beach, shopping and restaurants, yet tucked away in a very quiet neighborhood on Morro Bay’s north-end Island Street. Entertaining made easy in the remodeled kitchen featuring granite counter tops, a breakfast bar, and a gourmet Wolf stove. New paint throughout, open floor plan and wood flooring downstairs. Enjoy the sound of the Pacific Ocean from every bedroom! Two huge bedrooms upstairs, with large closets, vaulted ceilings and access to upstairs deck. Third bedroom is located downstairs near living room and kitchen for easy access. Garage has been converted to a bonus room possible accessory dwelling unit or back to a single car garage. Large laundry/mud room exits to a private, beautifully cared for backyard. Just around the corner is Morro Bay’s Del Mar Park with its lovely creek bridge, walking paths, tennis and pickle ball courts and playground.

Last Agent to Sell the Property

Kelly Vandenheuvel

Central Coast Property Sales License #01472453 Listed on: 11/02/2020

Last Buyer's Agent

Shannon Bowdey

Keller Williams Realty Santa Barbara License #01894857

Keller Williams Realty Santa Barbara

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1987

Lot Details

  • 2,400 Sq Ft Lot
  • Level Lot
  • Back and Front Yard
  • Property is zoned R1

Parking

  • 1 Car Attached Garage

Interior Spaces

  • 1,506 Sq Ft Home
  • Living Room
  • Bonus Room
  • Storage
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Main Level Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Wrap Around Porch

Listing and Financial Details

  • Legal Lot and Block 19 / 6
  • Assessor Parcel Number 065063012

Community Details

Overview

  • No Home Owners Association
  • North Morro Bay Subdivision

Recreation

  • Dog Park

Home Details

Home Type

Single Family

Year Built

Built in 1987

Lot Details

0

Parking

1

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: North Morro Bay (820)
  • View: No
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065063012
  • Year Built: 1987
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1506.00 Square Feet
  • Interior Amenities: Balcony, Storage
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Breakfast Counter / Bar
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 491.37
  • Room Type: Bonus Room, Kitchen, Laundry, Living Room

Exterior Features

  • Patio: Yes
  • Patio And Porch Features: Deck, Wrap Around
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range
  • Laundry Features: Individual Room, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 105.03
  • Tax Lot: 19

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2022
Sold by
Corrales Edward P and Corrales Irma
Bought by
Edward P Corrales And Irma Corrales Living Tr
Current Estimated Value
$933,813

Purchase Details

Listed on
Nov 2, 2020
Closed on
Dec 2, 2020
Sold by
Flood Brenda Jeanette and Flood Bruce Leslie
Bought by
Corrales Edward P and Corrales Irma
Seller's Agent
Kelly Vandenheuvel
Central Coast Property Sales
Buyer's Agent
Shannon Bowdey
Keller Williams Realty Santa Barbara
List Price
$750,000
Sold Price
$740,000
Premium/Discount to List
-$10,000
-1.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.72%
Original Mortgage
$612,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2018
Sold by
Osborn Douglas Aaron and Food Brenda J
Bought by
Flood Brenda Jeanette and Flood Bruce Leslie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,500
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 7, 2017
Sold by
Osborn Doulas Aaron and The 2014 Douglas Aaron Osborn
Bought by
Osborn Douglas Aaron and Flood Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2014
Sold by
Osborn Douglas A
Bought by
Osborn Douglas Aaron and 2014 Douglas Aaron Osborn Revo

Purchase Details

Closed on
Jan 16, 2014
Sold by
Thomas William A and Thomas Sharon K
Bought by
Osborn Douglas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.32%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 24, 2005
Sold by
Thomas William A and Thomas Sharon K
Bought by
Thomas William A and Thomas Sharon K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 1995
Sold by
Thomas William A and Thomas Sharon Kaye
Bought by
Thomas William A and Thomas Sharon A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Edward P Corrales And Irma Corrales Living Tr -- Law Offices Of Philip M Flanig
Corrales Edward P $740,000 Placer Title Company
Flood Brenda Jeanette -- First American Title
Osborn Douglas Aaron -- Fidelity National Title Co
Flood Brenda J -- Fidelity National Title Co
Osborn Douglas Aaron -- None Available
Osborn Douglas A $375,000 Fidelity National Title Co
Thomas William A -- First American Title Company
Thomas William A -- First American Title Company
Thomas William A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corrales Edward P $612,000
Previous Owner Flood Brenda Jeanette $338,500
Previous Owner Flood Brenda J $315,000
Previous Owner Osborn Douglas A $300,000
Previous Owner Thomas William A $168,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2020 12/21/20 Sold $740,000 -1.3% $491 / Sq Ft
11/06/2020 11/06/20 Pending -- -- --
11/02/2020 11/02/20 For Sale $750,000 -- $498 / 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 $8,601 $800,998 $487,093 $313,905
2024 $8,444 $785,293 $477,543 $307,750
2023 $8,444 $769,896 $468,180 $301,716
2022 $7,914 $754,800 $459,000 $295,800
2021 $7,786 $740,000 $450,000 $290,000
2020 $6,612 $629,442 $364,140 $265,302
2019 $6,542 $617,100 $357,000 $260,100
2018 $4,332 $404,010 $215,472 $188,538
2017 $4,247 $396,090 $211,248 $184,842
2016 $4,164 $388,324 $207,106 $181,218
2015 $4,100 $382,492 $203,996 $178,496
2014 $1,405 $139,910 $17,353 $122,557
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC20230426

California Regional Multiple Listing Service (CRMLS)

APN: 065-063-012