NOT LISTED FOR SALE

525 Madera Ave Morro Bay, CA 93442

Estimated Value: $948,834 - $997,000

2 Beds
2 Baths
1,161 Sq Ft
$837/Sq Ft Est. Value

Last Sold March 01, 2019

Last sale price $629,000 $542 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,882/month

8 Days on Market

Highlights

  • Ocean View
  • Golf Course Community
  • No HOA
  • Del Mar Elementary School Rated A-
  • Corner Lot
  • Breakfast Area or Nook

About This Home

As of March 2019

This lovely, exceptionally well-maintained, single level home in desirable Morro Heights is not to be missed! As you enter through the front door you see a wonderful view of the Ocean and Morro Rock! Plus views of the green-belt hills and open pasture land that you will never tire of. The home is bright and airy featuring 2 bedrooms, 2 bathrooms and a gas fireplace in the living room for cozy Morro Bay evenings.
It is situated on a corner lot with beautiful mature landscaping and a flourishing citrus tree. An “enclosed” patio area could be used as a greenhouse or to grow orchids. Along with being in a sought-after neighborhood, this home is close to the State Park, Hiking Trails, Golf Course, Downtown and the Embarcadero.

Call your Realtor today for your private viewing!

Last Agent to Sell the Property

Venessa Armstrong

Keller Williams Realty Central Coast License #01301684 Listed on: 01/29/2019

Last Buyer's Agent

James Molnar

James Molnar Realty License #01223003

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,525

Year Built

  • Built in 1959

Lot Details

  • 5,341 Sq Ft Lot
  • Corner Lot
  • Drip System Landscaping
  • Sprinklers on Timer
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Single Garage Door
  • Garage Door Opener
  • Driveway

Property Views

  • Ocean
  • Bay
  • Pasture
  • Hills
  • Rock

Home Design

  • Turnkey
  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 1,161 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • Combination Dining and Living Room

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Oven
  • Gas Cooktop
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Low Flow Toliet
  • Bathtub
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Laundry in Garage

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 066163029

Community Details

Overview

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

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,525

Year Built

Built in 1959

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained, Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Ranch
  • Property Condition: Turnkey
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066163029
  • Year Built: 1959
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1161.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Breakfast Nook, In Kitchen, In Living Room
  • Fireplace Features: Living Room, Gas
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 541.77
  • Room Type: Kitchen, Living Room, Master Bathroom, Master Bedroom
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Low Flow Shower, Low Flow Toilet(s), Walk-In Shower

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Bay, Hills, Ocean, Pasture, Rocks
  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Asphalt, Concrete, Garage - Single Door, Garage Door Opener
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Oven, Disposal, Gas Cooktop, 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, Preserve/Public Land, Street Lights

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Sprinklers Drip System, Sprinklers Timer
  • Lot Size Sq Ft: 5341.00
  • Lot Size Acres: 0.1226

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5341.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Census Tract: 106.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2019
Sold by
Fleming Victoria A
Bought by
Fleming Victoria A
Current Estimated Value
$971,959

Purchase Details

Listed on
Jan 29, 2019
Closed on
Apr 9, 2019
Sold by
Garcia Michael F
Bought by
Michael F Garcia Revocable Trust
Seller's Agent
Venessa Armstrong
Keller Williams Realty Central Coast
Buyer's Agent
James Molnar
James Molnar Realty
List Price
$629,000
Sold Price
$629,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$503,200
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 29, 2019
Closed on
Feb 15, 2019
Sold by
Sanborn Lori M
Bought by
Garcia Micahel F and Fleming Victoria A
Seller's Agent
Venessa Armstrong
Keller Williams Realty Central Coast
Buyer's Agent
James Molnar
James Molnar Realty
List Price
$629,000
Sold Price
$629,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$503,200
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 5, 2005
Sold by
Heitman Jacqueline J
Bought by
Heitman Jacqueline J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 17, 1996
Sold by
Heitman Jacqueline J
Bought by
Heitman Jacqueline J
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
Fleming Victoria A -- None Available
Michael F Garcia Revocable Trust -- None Available
Garcia Micahel F $629,000 First American Title Co
Heitman Jacqueline J -- --
Heitman Jacqueline J -- Cuesta Title Company
Heitman Jacqueline J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garcia Michael F $500,000
Closed Garcia Micahel F $503,200
Previous Owner Heitman Jacqueline J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2019 03/01/19 Sold $629,000 0.0% $542 / Sq Ft
02/06/2019 02/06/19 Pending -- -- --
01/29/2019 01/29/19 For Sale $629,000 -- $542 / 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 $7,525 $701,656 $474,093 $227,563
2024 $7,387 $687,899 $464,798 $223,101
2023 $7,387 $674,412 $455,685 $218,727
2022 $6,923 $661,189 $446,750 $214,439
2021 $6,811 $648,226 $437,991 $210,235
2020 $6,741 $641,580 $433,500 $208,080
2019 $2,383 $222,236 $111,993 $110,243
2018 $2,261 $217,880 $109,798 $108,082
2017 $2,215 $213,609 $107,646 $105,963
2016 $2,170 $209,422 $105,536 $103,886
2015 $2,136 $206,277 $103,951 $102,326
2014 $1,960 $202,237 $101,915 $100,322
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC19023122

California Regional Multiple Listing Service (CRMLS)

APN: 066-163-029