NOT LISTED FOR SALE

500 Madera Ave Morro Bay, CA 93442

Estimated Value: $1,214,000 - $1,386,000

3 Beds
2.5 Baths
2,144 Sq Ft
$601/Sq Ft Est. Value

Last Sold April 12, 2019

Last sale price $760,000 $354 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $7,456/month

330 Days on Market

Highlights

  • White Water Ocean Views
  • Golf Course Community
  • RV Access or Parking
  • Del Mar Elementary School Rated A-
  • Heated Spa
  • Custom Home

About This Home

As of April 2019

Outstanding Panoramic Ocean, Morro Rock and Harbor Views from Cambria to Montana de Oro. Open floor plan on upper level with Amazing Sunsets and Whitewater Views. Watch the boats come and go through the harbor entry. NEWLY REMODELED MASTER SUITE!! Custom Built Cedar home with Cedar tongue and groove and cathedral vaulted ceilings. All bedrooms on lower level. Master suite with dual vanities, large soaking tub, with slider to outside fenced garden with hot tub. Possible Granny unit or Guest/office 2 bedrooms with full bathroom, bonus room/kitchenette with separate entrance. Best corner lot in Morro Heights with short walk to State Park Hiking Trails and Golf Course. Close to shopping, movie theater, restaurants and Embarcadero. 3 beds, 3 baths, 2144 sq ft on 5000 sq ft lot. Fenced on all sides. Majority of house was completely built in 1988. RECENT PEST INSPECTION "ACCEPTING BACK-UP OFFERS"

Last Agent to Sell the Property

Jennifer Bradley Lenet

Pinnacle Real Estate License #1773328 Listed on: 04/12/2018

Co-Listed By

Charles Lenet

Pinnacle Real Estate License #00590910

Last Buyer's Agent

Chris Bath

Coast Realty License #01231010

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Wood Fence
  • New Fence
  • Corner Lot
  • Drip System Landscaping
  • Private Yard
  • Back and Front Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Heated Garage
  • Parking Available
  • Workshop in Garage
  • Front Facing Garage
  • Two Garage Doors
  • Garage Door Opener
  • Up Slope from Street
  • Off-Street Parking
  • RV Access or Parking

Property Views

  • White Water Ocean
  • Coastline
  • Bay
  • Harbor
  • Panoramic
  • City Lights
  • Woods
  • Hills
  • Park or Greenbelt
  • Rock

Home Design

  • Custom Home
  • Contemporary Architecture
  • Entry on the 1st floor
  • Slab Foundation
  • Fire Rated Drywall
  • Shingle Roof
  • Composition Roof
  • Copper Plumbing
  • Flagstone
  • Cedar

Interior Spaces

  • 2,144 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Partially Furnished
  • Cathedral Ceiling
  • Skylights
  • Recessed Lighting
  • Track Lighting
  • Wood Burning Fireplace
  • Double Pane Windows
  • Sliding Doors
  • Panel Doors
  • Entryway
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Dining Room
  • Center Hall

Kitchen

  • Galley Kitchen
  • Open to Family Room
  • Gas Oven
  • Self-Cleaning Oven
  • Built-In Range
  • Free-Standing Range
  • Range Hood
  • Microwave
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Tile Countertops
  • Pots and Pans Drawers
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom on Main
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Private Water Closet
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom
  • Closet In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated Spa
  • Above Ground Spa
  • Fiberglass Spa

Outdoor Features

  • Brick Porch or Patio
  • Exterior Lighting

Location

  • Property is near park

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • 220 Volts in Garage
  • Natural Gas Connected
  • Gas Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0661640070000

Community Details

Overview

  • No Home Owners Association
  • Property is near a preserve or public land
  • Greenbelt

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Year Built

Built in 1988 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Inclusions: Refrigerator, washer and dryer
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Contemporary, Custom Built
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 0661640070000
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2144.00 Square Feet
  • Interior Amenities: Cathedral Ceiling(s), Copper Plumbing Full, High Ceilings, Open Floorplan, Pantry, Partially Furnished, Recessed Lighting, Tile Counters, Track Lighting
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Carpet, Wood
  • Appliances: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Panel Doors, Sliding Doors
  • Eating Area: Dining Room
  • Entry Level: 1
  • Fireplace Features: Living Room, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 354.48
  • Room Type: All Bedrooms Down, Center Hall, Entry, Galley Kitchen, Great Room, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom
  • Spa Features: Private, Above Ground, Fiberglass, Heated
  • Window Features: Double Pane Windows, Skylight(s)
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Closet In Bathroom, Double Sinks In Master Bath, Exhaust Fan(s), Privacy Toilet Door, Soaking Tub, Tile Counters
  • Room Kitchen Features: Kitchen Open To Family Room, Pots & Pan Drawers, Tile Counters

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • View: Bay, City Lights, Coastline, Harbor, Hills, Ocean, Panoramic, Park/Greenbelt, Rocks, Trees/Woods, White Water
  • Fence: Yes
  • Fencing: Excellent Condition, New Condition, Wood
  • Patio And Porch Features: Brick, Patio
  • Pool Private: No
  • Roof: Composition, Shingle
  • Spa: Yes
  • Construction Materials: Cedar, Drywall Walls, Flagstone

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Concrete, Garage Faces Front, Garage - Two Door, Garage Door Opener, Heated Garage, Off Street, RV Access/Parking, Workshop in Garage
  • 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: Built-In Range, Dishwasher, Free-Standing Range, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
  • Electric: 220 Volts in Garage, Electricity - On Property
  • Heating Type: Central, Forced Air, Natural Gas, Wood, Fireplace(s)
  • Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup, In Closet, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Preserve/Public Land, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Corner Lot, Front Yard, Greenbelt, Park Nearby, Sprinklers Drip System, Up Slope from Street, Walkstreet, Yard
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5000.0000 Square Feet
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2018
Closed on
Mar 28, 2019
Sold by
Baynham Ray and Baynham Catherine L
Bought by
Bailey Diana M
Seller's Agent
Jennifer Bradley Lenet
Pinnacle Real Estate
Buyer's Agent
Chris Bath
Coast Realty
List Price
$829,000
Sold Price
$760,000
Premium/Discount to List
-$69,000
-8.32%
Current Estimated Value
$1,288,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,275
Avg. Annual Appreciation
8.07%
Original Mortgage
$608,000
Outstanding Balance
$534,540
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$753,735
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Bailey Diana M $760,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bailey Diana M $608,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $760,000 -3.6% $354 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/07/2019 03/07/19 Price Changed $788,000 -2.7% $368 / Sq Ft
11/23/2018 11/23/18 Price Changed $810,000 -2.3% $378 / Sq Ft
10/04/2018 10/04/18 For Sale $829,000 +9.1% $387 / Sq Ft
09/24/2018 09/24/18 Off Market $760,000 -- --
06/14/2018 06/14/18 Price Changed $829,000 -5.3% $387 / Sq Ft
05/31/2018 05/31/18 Price Changed $875,000 -2.1% $408 / Sq Ft
05/11/2018 05/11/18 Price Changed $894,000 -3.8% $417 / Sq Ft
04/12/2018 04/12/18 For Sale $929,000 -- $433 / 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 $9,186 $847,790 $446,205 $401,585
2024 $9,020 $831,167 $437,456 $393,711
2023 $9,020 $814,871 $428,879 $385,992
2022 $8,454 $798,894 $420,470 $378,424
2021 $8,320 $783,230 $412,226 $371,004
2020 $8,235 $775,200 $408,000 $367,200
2019 $2,705 $259,246 $100,918 $158,328
2018 $2,650 $254,164 $98,940 $155,224
2017 $2,597 $249,181 $97,000 $152,181
2016 $2,544 $244,297 $95,099 $149,198
2015 $2,504 $240,628 $93,671 $146,957
2014 $2,298 $235,916 $91,837 $144,079
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC18087857

California Regional Multiple Listing Service (CRMLS)

APN: 066-164-007