NOT LISTED FOR SALE

490 Morro Ave Unit 6 Morro Bay, CA 93442

Estimated Value: $693,000 - $731,000

2 Beds
2 Baths
840 Sq Ft
$275/mo HOA Fee

Last Sold August 30, 2023

Last sale price $675,000 $804 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $4,714/month

234 Days on Market

Highlights

  • Golf Course Community
  • Coastline Views
  • Primary Bedroom Suite
  • Del Mar Elementary School Rated A-
  • No Units Above
  • Across the Road from Lake or Ocean

About This Home

As of August 2023

AMAZING LOCATION! AWESOME VIEWS! This charming condo located in the heart of Morro Bay features 2 bedrooms and 1 3/4 bathrooms with new wood floors throughout and new windows with new blinds that accent the beautiful natural light. Not only can you enjoy the incredible view of Morro Rock from the comfort of your living room, or right outside on your balcony, but you also have a great view of the iconic Smokestacks that have defined the stretch of Central California coastline for decades!! The condo is walking distance to the bay and the Embarcadero where you will find shopping and restaurants, and you may also catch a glimpse of sea otters swimming by. Plenty of street parking however, this property also has 2 designated carport parking spots. A MUST SEE!

Last Listed By

Mary Savala

Excellence RE Real Estate License #01882220 Listed on: 12/08/2022

Excellence RE Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,508

Year Built

  • Built in 1978

Lot Details

  • No Units Above
  • End Unit
  • No Units Located Below
  • 1 Common Wall
  • Northwest Facing Home
  • Sprinkler System

HOA Fees

  • $275 Monthly HOA Fees

Property Views

  • Coastline
  • Bay
  • Harbor

Home Design

  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 840 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Blinds
  • Living Room with Fireplace
  • Storage
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Cooktop
  • Dishwasher
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • All Upper Level Bedrooms
  • Primary Bedroom Suite
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Linen Closet In Bathroom

Laundry

  • Laundry Room
  • Laundry on upper level
  • 220 Volts In Laundry
  • Washer and Electric Dryer Hookup

Home Security

Parking

  • 2 Parking Spaces
  • 2 Attached Carport Spaces
  • Parking Available
  • Shared Driveway

Accessible Home Design

  • Doors swing in
  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting

Location

  • Across the Road from Lake or Ocean
  • Property is near a park
  • Property is near public transit

Utilities

  • Heating Available
  • Vented Exhaust Fan
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 655
  • Assessor Parcel Number 066179006

Community Details

Overview

  • Master Insurance
  • 7 Units
  • Rusty Anchor Condo Association, Phone Number (661) 619-7661
  • Maintained Community
  • Property is near a preserve or public land

Recreation

  • Golf Course Community

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,508

Year Built

Built in 1978

Lot Details

0

HOA Fees

$275 per month

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: Yes
  • Security: Fire and Smoke Detection System
  • View: Yes
  • Zoning: R2 P
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 066179006
  • Year Built: 1978
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 840.00 Square Feet
  • Interior Amenities: Balcony, Open Floorplan, Storage, Tile Counters
  • Stories: 2
  • Common Walls: 1 Common Wall, End Unit, No One Above, No One Below
  • Flooring: Wood
  • Accessibility Features: Doors - Swing In, No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Area, Breakfast Counter / Bar, In Kitchen
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 803.57
  • Room Type: All Bedrooms Up, Kitchen, Master Bathroom, Master Bedroom, Master Suite
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Exhaust Fan(s), Linen Closet/Storage
  • Room Kitchen Features: Tile Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: Northwest
  • Exterior Features: Lighting
  • View: Bay, Coastline, Harbor, Water
  • Fence: No
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Flat
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Carport Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Attached Carport, Covered, Asphalt, Shared Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Electric Cooktop, Electric Water Heater, Disposal, Vented Exhaust Fan
  • Electric: 220 Volts in Laundry
  • Heating Type: Fireplace(s)
  • Laundry Features: Electric Dryer Hookup, In Closet, Inside, Upper Level, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Insurance, Maintenance Grounds
  • Association Fee: 275.00
  • Association Fee Frequency: Monthly
  • Association Name: Rusty Anchor Condo
  • Phone: 661-619-7661
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Golf, Preserve/Public Land, Sidewalks, Storm Drains, Street Lights
  • Association Management: Rusty Anchor Condo

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level, Near Public Transit, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 840.00
  • Lot Size Acres: 0.0193

Multi Family

  • Lease Considered: No
  • Lot Size Area: 840.0000 Square Feet
  • Number Of Units In Community: 7
  • Number Of Units Total: 1
  • Waterfront Features: Across the Road from Lake/Ocean

Tax Info

  • Tax Census Tract: 106.02
  • Tax Lot: A
  • Tax Tract Number: 655

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2022
Closed on
Aug 3, 2023
Sold by
Savala Yvonne I
Bought by
Imani Vahid and Barthuli-Imani Kathryn E
Seller's Agent
Mary Savala
Excellence RE Real Estate
Buyer's Agent
Tessa Hagwood
Century 21 Masters-Arroyo Grande
List Price
$714,000
Sold Price
$675,000
Premium/Discount to List
-$39,000
-5.46%
Total Days on Market
234
Views
1031
Current Estimated Value
$711,053

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,053
Avg. Annual Appreciation
1.47%
Original Mortgage
$405,000
Outstanding Balance
$398,451
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$294,065

Purchase Details

Closed on
May 24, 2019
Sold by
Savala Yvonne L
Bought by
Gonzalez Erica Yvonne and Savala Vito Jess

Purchase Details

Listed on
Jul 26, 2017
Closed on
Jan 31, 2018
Sold by
Tounger John S and Gloria J Pieretti Charitable R
Bought by
Savala Yvonne I
Seller's Agent
David Hunter
Keller Williams Realty Central Coast
Buyer's Agent
Mary Savala
Excellence RE Real Estate
List Price
$465,000
Sold Price
$455,000
Premium/Discount to List
-$10,000
-2.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.95%

Purchase Details

Closed on
Jun 30, 2017
Sold by
Pieretti Gloria Jean
Bought by
Tounger John S and The Gloria J Pieretti Charitable Remaind

Purchase Details

Closed on
Mar 15, 2010
Sold by
Pieretti Gloria
Bought by
Pieretti Gloria Jean and Gloria Jean Pieretti Living Trust

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
Imani Vahid $675,000 Placer Title
Savala Yvonne I $455,000 Placer Title Co
Tounger John S -- None Available
Pieretti Gloria Jean -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Imani Vahid $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $675,000 -5.5% $804 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
12/08/2022 12/08/22 For Sale $714,000 +56.9% $850 / Sq Ft
02/22/2018 02/22/18 Sold $455,000 -2.2% $542 / Sq Ft
01/19/2018 01/19/18 Pending -- -- --
01/08/2018 01/08/18 For Sale $465,000 +2.2% $554 / Sq Ft
09/16/2017 09/16/17 Off Market $455,000 -- --
09/16/2017 09/16/17 Pending -- -- --
08/31/2017 08/31/17 Price Changed $465,000 -2.1% $554 / Sq Ft
07/26/2017 07/26/17 For Sale $475,000 -- $565 / 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
2024 $5,508 $675,000 $500,000 $175,000
2023 $5,508 $497,606 $278,879 $218,727
2022 $5,163 $487,850 $273,411 $214,439
2021 $5,081 $478,285 $268,050 $210,235
2020 $5,029 $473,382 $265,302 $208,080
2019 $4,976 $464,100 $260,100 $204,000
2018 $1,547 $144,284 $49,747 $94,537
2017 $1,517 $141,456 $48,772 $92,684
2016 $1,487 $138,683 $47,816 $90,867
2015 $1,464 $136,601 $47,098 $89,503
2014 $1,345 $133,926 $46,176 $87,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW22244117

California Regional Multiple Listing Service (CRMLS)

APN: 066-179-006