NOT LISTED FOR SALE

482 Arbutus Ave Morro Bay, CA 93442

Estimated Value: $1,150,000 - $1,460,000

5 Beds
3 Baths
2,822 Sq Ft
$451/Sq Ft Est. Value

Sale Details

Date Sold: March 27, 2015

Last sale price $717,000 $254 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $7,527 / mo

37 Days on Market

Highlights

  • Ocean View
  • RV Access or Parking
  • L-Shaped Dining Room
  • Del Mar Elementary School Rated A-
  • Deck
  • No HOA

About This Home

As of March 2015

Unique Duplex in Morro Heights - 2 blocks from the 6th hole of the golf course. 3 bedroom/2 bath unit upstairs with an updated kitchen and views of Cayucos from the living room. Two car garage and storage area on ground floor. Also a 2 bedroom/1 bath unit in back with a private yard, eat in kitchen and laundry in the unit. Live in one rent out the other. Ready for you to move in!!

Last Agent to Sell the Property

Linda Kiaha

Big Block Realty, Inc. License #01254598 Listed on: 01/15/2015

Big Block Realty, Inc.

Last Buyer's Agent

Cheri Wieland

The Wieland Team License #01901791

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 5,502 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Driveway
  • RV Access or Parking

Property Views

  • Ocean
  • Hills
  • Rock

Home Design

  • Slab Foundation
  • Tar and Gravel Roof

Interior Spaces

  • 2,822 Sq Ft Home
  • Skylights
  • Gas Fireplace
  • Living Room with Fireplace
  • L-Shaped Dining Room
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Double Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Shed

Utilities

  • Forced Air Heating System
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066202009

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

5,502 Sq Ft Lot

Parking

2

Listing Details

  • Subdivision Name Other: Morro Heights(810)
  • View: Yes
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066202009
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2822.00
  • Interior Amenities: Pantry
  • Flooring: Vinyl
  • Appliances: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Eating Area: Dining Ell
  • Fireplace Features: Gas, Living Room
  • Levels: Two
  • Price Per Square Foot: 254.08
  • Window Features: Skylight(s)

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Other Structures: Shed(s)
  • View: Hills, Ocean, Rocks
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Deck, Patio
  • Roof: Tar/Gravel

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Sewer Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Double Oven, Dishwasher, Electric Cooking, Disposal, Microwave, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5502.00
  • Lot Size Acres: 0.1260

Multi Family

  • Lot Size Area: 5502.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2015
Closed on
Mar 4, 2015
Sold by
Schenck Harry A and Schenck Judy A
Bought by
Wilbanks 2007 Revocable Trust and Wilbanks Jeanne M
Seller's Agent
Linda Kiaha
Big Block Realty, Inc.
Buyer's Agent
Cheri Wieland
The Wieland Team
List Price
$749,000
Sold Price
$717,000
Premium/Discount to List
-$32,000
-4.27%
Current Estimated Value
$1,273,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$556,530
Avg. Annual Appreciation
5.31%
Original Mortgage
$417,000
Outstanding Balance
$319,026
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$954,504

Purchase Details

Closed on
Apr 13, 1998
Sold by
Armstrong Jay and Armstrong Sara
Bought by
Schenck Harry A and Schenck Judy A

Purchase Details

Closed on
Jun 28, 1996
Sold by
Davenport Inadell Mitchell
Bought by
Armstrong Jay and Armstrong Sara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.25%

Purchase Details

Closed on
Jul 13, 1995
Sold by
Davenport Inadell Mitchell
Bought by
Davenport Inadell Mitchell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.59%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wilbanks 2007 Revocable Trust $717,000 Fidelity National Title
Schenck Harry A $285,000 Fidelity National Title Co
Armstrong Jay $250,000 Chicago Title Co
Davenport Inadell Mitchell -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilbanks 2007 Revocable Trust $417,000
Previous Owner Armstrong Jay $175,000
Previous Owner Davenport Inadell Mitchell $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2015 03/27/15 Sold $717,000 -4.3% $254 / Sq Ft
02/21/2015 02/21/15 Pending -- -- --
02/19/2015 02/19/15 For Sale $749,000 0.0% $265 / Sq Ft
02/03/2015 02/03/15 Pending -- -- --
01/15/2015 01/15/15 For Sale $749,000 -- $265 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $9,305 $858,832 $360,551 $498,281
2024 $9,137 $841,993 $353,482 $488,511
2023 $9,137 $825,484 $346,551 $478,933
2022 $8,564 $809,299 $339,756 $469,543
2021 $8,428 $793,432 $333,095 $460,337
2020 $8,342 $785,297 $329,680 $455,617
2019 $8,255 $769,900 $323,216 $446,684
2018 $8,093 $754,805 $316,879 $437,926
2017 $7,935 $740,006 $310,666 $429,340
2016 $7,779 $725,497 $304,575 $420,922
2015 $4,059 $378,635 $159,424 $219,211
2014 $3,727 $371,219 $156,302 $214,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1050815

California Regional Multiple Listing Service (CRMLS)

APN: 066-202-009

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