NOT LISTED FOR SALE

498 Island St Morro Bay, CA 93442

Estimated Value: $734,716 - $874,000

3 Beds
1.5 Baths
1,080 Sq Ft
$745/Sq Ft Est. Value

Last Sold April 04, 2019

Last sale price $475,000 $440 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,864/month

33 Days on Market

Highlights

  • View of Hills
  • Main Floor Primary Bedroom
  • No HOA
  • Del Mar Elementary School Rated A-
  • Lawn
  • 2-minute walk to Del Mar Park

About This Home

As of April 2019

Great opportunity to own this charming single level home in Morro Bay! This 3 bedroom, 1.5 bathroom home is a perfect starter or investment opportunity. Conveniently located near Del Mark Park, Taco Temple (yes, please!) Del Mar Elementary school, and just blocks from the beach, 498 Island is your ideal piece of Central Coast paradise. Welcome home!

Last Agent to Sell the Property

Jay Bond

eXp Realty of California, Inc. License #01823529 Listed on: 02/05/2019

eXp Realty of California, Inc.

Last Buyer's Agent

Liz Anderson

Central Coast Premier Realty License #01462145

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,741

Year Built

  • Built in 1970

Lot Details

  • 2,400 Sq Ft Lot
  • Level Lot
  • Lawn
  • Front Yard
  • Property is zoned 11

Interior Spaces

  • 1,080 Sq Ft Home
  • Views of Hills
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main

Parking

  • 1 Parking Space
  • 1 Carport Space

Additional Features

  • Exterior Lighting
  • Private Sewer

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 065075042

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,741

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: No
  • Property Attached: No
  • Subdivision Name Other: North Morro Bay (820)
  • View: Yes
  • Zoning: 11
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 065075042
  • Year Built: 1970
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1080.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 439.81
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Main Floor Bedroom, Main Floor Master Bedroom

Exterior Features

  • View: Hills
  • Pool Private: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.00
  • Total Parking Spaces: 1.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Private Sewer
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Lawn, Level with Street
  • Lot Size Sq Ft: 2400.00
  • Lot Size Acres: 0.0551

Multi Family

  • Lease Considered: No
  • Lot Size Area: 2400.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 105.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2019
Closed on
Mar 18, 2019
Sold by
Mathias Martin and Mathias Steve
Bought by
Truran William S and Truran Eron E
Seller's Agent
Jay Bond
eXp Realty of California, Inc.
Buyer's Agent
Liz Anderson
Central Coast Premier Realty
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%
Current Estimated Value
$804,929

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,929
Avg. Annual Appreciation
8.82%
Original Mortgage
$375,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 1995
Sold by
Mathias E Jean and Mathias Marlene
Bought by
Mathias E Jean and Mathias Marlene

Purchase Details

Closed on
Jun 13, 1994
Sold by
Mathias E Jean and Mathias Marlene
Bought by
Mathias E Jean and Mathias Marlene
Source: Public Records

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
Truran William S $475,000 Placer Title Company
Mathias E Jean -- --
Mathias E Jean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Truran William S $378,000
Closed Truran William S $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2019 04/04/19 Sold $475,000 -4.8% $440 / Sq Ft
03/10/2019 03/10/19 Pending -- -- --
02/05/2019 02/05/19 For Sale $499,000 -- $462 / 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 $5,741 $529,865 $351,385 $178,480
2024 $5,637 $519,477 $344,496 $174,981
2023 $5,637 $509,292 $337,742 $171,550
2022 $5,284 $499,307 $331,120 $168,187
2021 $5,200 $489,518 $324,628 $164,890
2020 $5,147 $484,500 $321,300 $163,200
2019 $1,493 $139,205 $67,818 $71,387
2018 $1,463 $136,477 $66,489 $69,988
2017 $1,435 $133,802 $65,186 $68,616
2016 $1,407 $131,179 $63,908 $67,271
2015 $1,385 $129,210 $62,949 $66,261
2014 $1,272 $126,680 $61,716 $64,964
Source: Public Records

Agents Affiliated with this Home

  • Jay Bond

    Seller's Agent in 2019

    Jay Bond

    eXp Realty of California, Inc.

    (805) 709-4027

    11 in this area

    245 Total Sales

    Jay Bond
    Section Image
  • Liz Anderson

    Buyer's Agent in 2019

    Liz Anderson

    Central Coast Premier Realty

    (805) 400-5543

    28 Total Sales

    Liz Anderson
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI19027520

California Regional Multiple Listing Service (CRMLS)

APN: 065-075-042

California San Luis Obispo County Morro Bay 93442

498 Island St, Morro Bay, CA

This home is located at 498 Island St, Morro Bay, CA 93442 since 05 February 2019 and is currently estimated at $804,929, approximately $745 per square foot. This property was built in 1970. 498 Island St is a home located in San Luis Obispo County with nearby schools including Del Mar Elementary School, Los Osos Middle School, and Morro Bay High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) 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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