NOT LISTED FOR SALE

490 Estero Ave Morro Bay, CA 93442

Estimated Value: $1,341,000 - $1,423,000

4 Beds
2.5 Baths
2,201 Sq Ft
$624/Sq Ft Est. Value

Last Sold August 17, 2020

Last sale price $907,000 $412 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,203/month

22 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • Private Yard
  • Del Mar Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of August 2020

Looking for a stylish home in Morro Bay Heights with beautiful ocean views and quality construction? Look no further! Custom built in 1992 by local contractor Steve Watt of Seacoast Construction, this 4 bedroom, 3 bath home features a unique style with rich finishes like custom doors and hardware, vaulted open beam ceilings, indirect lighting, several custom and dual-glazed Milgard windows, skylights, wood floors, Mahogany finishes and several outdoor spaces to enjoy the views of the harbor, Morro Rock and coastline. Enjoy the privacy of the large landscaped back yard with spa and fire pit. The kitchen is equipped with a walk-in pantry and newer appliances. Refrigerator, washer and dryer are included. Open beam ceilings in living room along with wet bar and a stately rock faced, wood-burning fireplace with gas log lighter. En-suite master includes french doors to a private patio, a large soaking tub and walk-in closet. Oversize double garage with built-in work benches. Convenient location to Downtown, Embarcadero, Golf Course, Marina and boat launch. This home has fresh paint, new carpet, newer windows and appliances and a pest clearance.

Last Agent to Sell the Property

Brooke Townsend

Coldwell Banker Realty License #00813881 Listed on: 05/27/2020

Coldwell Banker Realty

Co-Listed By

Trudy Sidener

BHGRE HAVEN PROPERTIES License #00868774

Last Buyer's Agent

Joesef Silva-Jackson

SLO Life Realty Group License #01208980

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,560

Year Built

  • Built in 1992

Lot Details

  • 5,750 Sq Ft Lot
  • Gentle Sloping Lot
  • Private Yard
  • Property is zoned R1

Parking

  • 2 Car Attached Garage

Property Views

  • Ocean
  • Bay
  • Dune

Interior Spaces

  • 2,201 Sq Ft Home
  • Wet Bar
  • Beamed Ceilings
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace With Gas Starter
  • Entryway
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Walk-In Pantry
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Living Room Balcony

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 21 / 23
  • Assessor Parcel Number 066193015

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,560

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066193015
  • Year Built: 1992
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2201.00 Square Feet
  • Interior Amenities: Balcony, Beamed Ceilings, Ceiling Fan(s), Living Room Balcony, Pantry, Tile Counters, Wet Bar
  • Common Walls: No Common Walls
  • Flooring: Carpet, Tile, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: In Kitchen
  • Fireplace Features: Living Room, Gas Starter, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 412.09
  • Room Type: Entry, Kitchen, Living Room, Master Bathroom, Walk-In Pantry
  • Bathroom Features: Shower In Tub

Exterior Features

  • View: Dunes, Bay, Ocean
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Oven, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Water Heater, Water Line to Refrigerator
  • Heating Type: Forced Air, Natural Gas
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Hiking

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Gentle Sloping, Yard
  • Lot Size Sq Ft: 5750.00
  • Lot Size Acres: 0.1320

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5750.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 23
  • Tax Census Tract: 106.02
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Jun 25, 2020
Sold by
Lapp Daniel E and The Lapp Trust
Bought by
Smith Doug and Smith Hayley F
Seller's Agent
Brooke Townsend
Coldwell Banker Realty
Buyer's Agent
Joesef Silva-Jackson
SLO Life Realty Group
List Price
$939,000
Sold Price
$907,000
Premium/Discount to List
-$32,000
-3.41%
Current Estimated Value
$1,374,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,382
Avg. Annual Appreciation
9.22%
Original Mortgage
$696,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 30, 2010
Sold by
Lapp Daniel E and Lapp Ruth B
Bought by
Lapp Daniel E and Lapp Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,500
Interest Rate
4.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2005
Sold by
Lapp Daniel E and Lapp Ruth B
Bought by
Lapp Daniel E and Lapp Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 7, 2005
Sold by
Lapp Daniel E and Lapp Ruth B
Bought by
Lapp Daniel E and Lapp Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2001
Sold by
Lapp Daniel E and Lapp Ruth B
Bought by
Lapp Daniel E and Lapp Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.15%

Purchase Details

Closed on
Mar 20, 2001
Sold by
Knowlton John A
Bought by
Lapp Daniel E and Lapp Ruth B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
7.15%

Purchase Details

Closed on
Apr 14, 2000
Sold by
Lapp Daniel E and Lapp Ruth B
Bought by
Lapp Daniel E and Lapp Ruth B
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
Smith Doug $907,000 First American Title Company
Lapp Daniel E -- Lsi
Lapp Daniel E -- Chicago Title Company
Lapp Daniel E -- Chicago Title Company
Lapp Daniel E -- Chicago Title Co
Lapp Daniel E -- Chicago Title Co
Lapp Daniel E $140,000 Chicago Title Co
Lapp Daniel E $160,000 Chicago Title Co
Lapp Daniel E -- --
Lapp Daniel E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Doug $696,000
Previous Owner Lapp Daniel E $245,000
Previous Owner Lapp Daniel E $270,500
Previous Owner Lapp Daniel E $320,000
Previous Owner Lapp Daniel E $275,000
Previous Owner Lapp Daniel E $121,550
Previous Owner Lapp Daniel E $101,800
Previous Owner Lapp Daniel E $223,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2020 08/17/20 Sold $907,000 -3.4% $412 / Sq Ft
05/27/2020 05/27/20 For Sale $939,000 -- $427 / 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 $10,560 $981,764 $541,216 $440,548
2024 $10,368 $962,514 $530,604 $431,910
2023 $10,368 $943,642 $520,200 $423,442
2022 $9,716 $925,140 $510,000 $415,140
2021 $9,560 $907,000 $500,000 $407,000
2020 $3,560 $342,095 $139,996 $202,099
2019 $3,521 $335,388 $137,251 $198,137
2018 $3,451 $328,812 $134,560 $194,252
2017 $3,382 $322,366 $131,922 $190,444
2016 $3,314 $316,046 $129,336 $186,710
2015 $3,262 $311,300 $127,394 $183,906
2014 $2,994 $305,203 $124,899 $180,304
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC20086987

California Regional Multiple Listing Service (CRMLS)

APN: 066-193-015