NOT LISTED FOR SALE

490 Morro Ave Unit 7 Morro Bay, CA 93442

Morro Bay Area

Estimated Value: $556,986

2 Beds
1 Bath
745 Sq Ft
745 Sq Ft Lot

Sale Details

Date Sold: March 4, 2025

Last sale price $575,000 $772 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $3,780 / mo

18 Days on Market

Highlights

  • Golf Course Community
  • Main Floor Bedroom
  • Neighborhood Views
  • Fishing
  • End Unit
  • Hiking Trails

About This Home

As of March 2025

Just steps from the Embarcadero! Take a leisurely stroll from this upstairs 2br 1 ba condominium to enjoy the Morro Bay Embarcadero, Golf course, kayaking, paddleboarding, downtown, or the Morro Bay State Park. Make it your home or vacation retreat, and it is affordable! This condo is ready for you to make it your own and offers a feeling of privacy that includes a private yard for your enjoyment. You must see this location! The best of Morro Bay is just steps away.

Last Agent to Sell the Property

Bob Bennett

Horizon Realty & Property Mgt Brokerage Phone: 805-202-6390 License #01875031 Listed on: 01/06/2025

Last Buyer's Agent

Bob Bennett

Horizon Realty & Property Mgt Brokerage Phone: 805-202-6390 License #01875031 Listed on: 01/06/2025

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Property Details

Home Type

  • Condominium

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • 1 Common Wall

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 1 Car Garage
  • 1 Carport Space
  • Parking Available

Home Design

  • Entry on the 2nd floor

Interior Spaces

  • 745 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Neighborhood Views
  • Laundry closet

Kitchen

  • Electric Oven
  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Heating Available

Listing and Financial Details

  • Tax Lot A
  • Tax Tract Number 655
  • Assessor Parcel Number 066179007
  • Seller Considering Concessions

Community Details

Overview

  • 7 Units
  • Rusty Anchor Association, Phone Number (661) 619-8757
  • Morro Cove Subdivision

Amenities

  • Laundry Facilities
  • Community Storage Space

Recreation

  • Golf Course Community
  • Fishing
  • Dog Park
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Condominium

Year Built

Built in 1977

Lot Details

745 Sq Ft Lot

HOA Fees

$275 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Subdivision Name Other: Morro Cove(780)
  • View: Yes
  • Zoning: R2
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 066179007
  • Year Built: 1977
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 745.00 Square Feet
  • Stories: 1
  • Common Walls: 1 Common Wall, End Unit
  • Appliances: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Level: 2
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 771.81
  • Room Type: Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom

Exterior Features

  • View: Neighborhood
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Oven, Electric Range
  • Heating Type: Electric
  • Laundry Features: In Closet
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Storage
  • Association Fee: 275.00
  • Association Fee Frequency: Monthly
  • Association Name: Rusty Anchor
  • Phone: 661 619 8757
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Biking, Dog Park, Fishing, Golf, Hiking
  • Association Management: Rusty Anchor

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Size Sq Ft: 745.00
  • Lot Size Acres: 0.0171

Multi Family

  • Lease Considered: No
  • Lot Size Area: 745.0000 Square Feet
  • Number Of Units In Community: 7
  • Number Of Units Total: 7

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Feb 5, 2025
Sold by
Bought by
Seller's Agent
Bob Bennett
Horizon Realty & Property Mgt
Buyer's Agent
Bob Bennett
Horizon Realty & Property Mgt
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%
Views
50
Current Estimated Value
$556,986

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,014
Avg. Annual Appreciation
-2.23%

Purchase Details

Closed on
Jul 21, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 5, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
4.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 31, 2003
Sold by
Bought by

Purchase Details

Closed on
Oct 22, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.95%

Purchase Details

Closed on
Jan 28, 1994
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$575,000 First American Title
$373,000 Fidelity National Title Co
$289,000 First American Title Company
-- --
$250,000 First American Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $90,000
Previous Owner $359,000
Previous Owner $30,000
Previous Owner $231,200
Previous Owner $200,000
Previous Owner $44,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $575,000 -4.0% $772 / Sq Ft
01/24/2025 01/24/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $599,000 -- $804 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $5,252 $586,500 $408,000 $178,500
2025 $5,162 $476,456 $309,055 $167,401
2024 $5,069 $467,115 $302,996 $164,119
2023 $5,069 $457,956 $297,055 $160,901
2022 $4,751 $448,978 $291,231 $157,747
2021 $4,676 $440,175 $285,521 $154,654
2020 $4,628 $435,663 $282,594 $153,069
2019 $4,580 $427,121 $277,053 $150,068
2018 $4,490 $418,747 $271,621 $147,126
2017 $4,107 $383,000 $250,000 $133,000
2016 $3,764 $351,000 $230,000 $121,000
2015 $3,162 $295,000 $190,000 $105,000
2014 $2,259 $225,000 $145,000 $80,000
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC24246608

California Regional Multiple Listing Service (CRMLS)

APN: 066-179-007

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