Seller's Agent in 2024
Emily Armet
Avalon Real Estate
(805) 748-8780
2 in this area
41 Total Sales
450 Pico St Morro Bay, CA 93442
Estimated Value: $713,000 - $847,000
2
Beds
1
Bath
846
Sq Ft
$889/Sq Ft
Est. Value
Highlights
- Coastline Views
- Updated Kitchen
- No HOA
- Del Mar Elementary School Rated A-
- Main Floor Bedroom
- 1 Car Attached Garage
About This Home
As of May 2024Charming beach bungalow with lots of potential and a possible ADU, all on a good size lot within a short walk to the beach! The main living area of the house is 846 square feet with 2 bedrooms and a bathroom. The kitchen has been nicely updated with stylish cabinetry, newer custom appliances and a large kitchen island. In addition to the main house there is a 359 square foot guest area attached to the back of the single car garage. This area was built before the main house was built in the 1950's and has an existing bathroom, a shower and is plumbed for a kitchenette. This guest area is not included in the permitted main homes square footage. There is great potential for this area to be converted to a separate living space, a granny unit or possibly a vacation rental. Spacious 5,000 square foot lot creates a large front and back yard with patio, perfect for entertaining and enjoying the wonderful coastal Morro Bay climate. A second story addition could provide a beautiful view of Morro Rock, the ocean and the hills to the east. Access to the beautiful Morro Strand State Beach is located just 3/4 miles away. Also within walking distance is Spencer's Fresh Market, several great restaurants, Del Mar Elementary School, Morro Bay High School and several parks. This home is looking for the perfect new owner to give it the love it needs to bring out all of its great possibilities. Check with the city of Morro Bay for more info on suggested improvements.
Last Agent to Sell the Property
Avalon Real Estate License #01514027 Listed on: 01/25/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,767
Year Built
- Built in 1952
Lot Details
- 5,000 Sq Ft Lot
- Level Lot
- Density is up to 1 Unit/Acre
- Property is zoned 10
Parking
- 1 Car Attached Garage
Property Views
- Coastline
- Peek-A-Boo
- Mountain
Interior Spaces
- 846 Sq Ft Home
- 1-Story Property
- Living Room
- Utility Room
- Laundry Room
Kitchen
- Updated Kitchen
- Breakfast Bar
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 1 Full Bathroom
- Low Flow Toliet
Listing and Financial Details
- Legal Lot and Block 12 / 2
- Tax Tract Number 1
- Assessor Parcel Number 068332012
Community Details
Overview
- No Home Owners Association
- North Morro Bay Subdivision
Recreation
- Bike Trail
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 25, 2024
Closed on
May 8, 2024
Sold by
April D Lynn Living Trust and Lynn April D
Bought by
Bentley Trust and Taylor
Seller's Agent
Emily Armet
Avalon Real Estate
Buyer's Agent
Emily Armet
Avalon Real Estate
List Price
$745,000
Sold Price
$680,000
Premium/Discount to List
-$65,000
-8.72%
Views
486
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,817
Avg. Annual Appreciation
8.34%
Purchase Details
Listed on
Aug 8, 2022
Closed on
Sep 15, 2022
Sold by
Lockwood Theresa A
Bought by
April D Lynn Living Trust
Seller's Agent
Kenneth Vesterfelt
BHGRE HAVEN PROPERTIES
Buyer's Agent
Emily Armet
Avalon Real Estate
List Price
$699,000
Sold Price
$698,900
Premium/Discount to List
-$100
-0.01%
Views
201
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.67%
Purchase Details
Closed on
Jun 6, 2019
Sold by
Lockwood Theresa A
Bought by
Lockwood Theresa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$338,000
Interest Rate
4.1%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 26, 2006
Sold by
Lockwood Jerry E and Lockwood Theresa A
Bought by
Lockwood Jerry E and Lockwood Theresa A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,960
Interest Rate
8.33%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 2005
Sold by
Taylor Martin L
Bought by
Taylor Jeannie M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Dec 18, 2004
Sold by
Lockwood Jerry E
Bought by
Lockwood Jerry E and Lockwood Theresa
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8%
Mortgage Type
New Conventional
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 |
|---|---|---|---|
| Bentley Trust | $680,000 | Fidelity National Title | |
| April D Lynn Living Trust | $689,000 | Placer Title | |
| Lockwood Theresa A | -- | Orange Coast Title Company | |
| Lockwood Jerry E | -- | First American Title Ins | |
| Taylor Jeannie M | -- | Fidelity Title Company | |
| Lockwood Jerry E | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lockwood Theresa A | $338,000 | |
| Previous Owner | Lockwood Jerry E | $287,000 | |
| Previous Owner | Lockwood Jerry E | $301,960 | |
| Previous Owner | Lockwood Jerry E | $18,510 | |
| Previous Owner | Taylor Jeannie M | $50,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/24/2024 05/24/24 | Sold | $680,000 | -2.7% | $804 / Sq Ft |
| 05/05/2024 05/05/24 | Pending | -- | -- | -- |
| 05/02/2024 05/02/24 | Price Changed | $699,000 | -4.1% | $826 / Sq Ft |
| 04/01/2024 04/01/24 | Price Changed | $729,000 | -2.1% | $862 / Sq Ft |
| 03/13/2024 03/13/24 | Pending | -- | -- | -- |
| 02/15/2024 02/15/24 | For Sale | $745,000 | 0.0% | $881 / Sq Ft |
| 02/10/2024 02/10/24 | Pending | -- | -- | -- |
| 01/25/2024 01/25/24 | For Sale | $745,000 | +6.6% | $881 / Sq Ft |
| 10/07/2022 10/07/22 | Sold | $698,900 | 0.0% | $826 / Sq Ft |
| 09/12/2022 09/12/22 | Pending | -- | -- | -- |
| 08/08/2022 08/08/22 | For Sale | $699,000 | -- | $826 / 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 | $7,767 | $693,600 | $459,000 | $234,600 |
| 2024 | $7,626 | $702,780 | $510,000 | $192,780 |
| 2023 | $7,626 | $689,000 | $500,000 | $189,000 |
| 2022 | $3,037 | $293,949 | $196,645 | $97,304 |
| 2021 | $2,987 | $288,187 | $192,790 | $95,397 |
| 2020 | $2,956 | $285,233 | $190,814 | $94,419 |
| 2019 | $2,923 | $279,641 | $187,073 | $92,568 |
| 2018 | $2,865 | $274,158 | $183,405 | $90,753 |
| 2017 | $2,807 | $268,783 | $179,809 | $88,974 |
| 2016 | $2,750 | $263,514 | $176,284 | $87,230 |
| 2015 | $2,707 | $259,557 | $173,637 | $85,920 |
| 2014 | $2,485 | $254,473 | $170,236 | $84,237 |
Source: Public Records
Agents Affiliated with this Home
-
Emily Armet
-
Kenneth Vesterfelt
Seller's Agent in 2022
Kenneth Vesterfelt
BHGRE HAVEN PROPERTIES
(805) 235-8708
8 in this area
8 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS24014585
APN: 068-332-012
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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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