NOT LISTED FOR SALE

530 Morro Ave Morro Bay, CA 93442

Estimated Value: $2,290,000 - $2,472,000

4 Beds
4.5 Baths
3,888 Sq Ft
$620/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $2,400,000 $617 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $14,058/month

262 Days on Market

Highlights

  • Attached Guest House
  • Coastline Views
  • RV Hookup
  • Del Mar Elementary School Rated A-
  • Under Construction
  • 4-minute walk to Morro bay dog park

About This Home

As of August 2024

Introducing a once in a lifetime opportunity to purchase a nearly complete coastal retreat and bring your vision to life with your own custom finishes after the sale. No detail was spared in the design and build of this extraordinary home with framing, plumbing, electrical, HVAC, drywall, window, doors, roof-mounted solar, siding, and decking all in place. The interior finishes and landscaping are left to your imagination and allow you to design and customize the finishing touches of the build to your own liking! This remarkable property offers an approx 3,888 square foot Contemporary residence featuring: a 3,252 square foot main home with 3 bedrooms, 3.5 baths, and an attached approx 636 square foot ADU with kitchen, 1 bedroom, and 1 bath. The home is situated on a large 8,700+ square foot R-3 lot in an ultra prime Morro Bay location. Breathtaking views of the Rock and bay are captured through expansive windows and walls of glass. Over 1,150 square feet of state-of-the-art decking further showcases unobstructed views providing a constant reminder of the beauty that surrounds you. The residence also includes a large bonus room that can be transformed into the ultimate gym or a spacious home office, catering to your every need. The home has been designed and built with the option for an elevator from the garage level to the 3rd level. Oversized 2 car garage and separate single car garage provides private parking for residents or guests in the ADU. RV hookups are included in the driveway. The lot zoning provides potential for additional units to be placed on the property if desired. All of this is located just steps from the Embarcadero, shopping, restaurants, kayaking and all that gorgeous Morro Bay has to offer.

Last Agent to Sell the Property

Monica King

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-550-0603 License #01229478 Listed on: 10/10/2023

BHGRE HAVEN PROPERTIES

Co-Listed By

Kate Hendrickson

BHGRE HAVEN PROPERTIES Brokerage Phone: 805-550-0603 License #01730943

Last Buyer's Agent

Sarah Weber

Compass License #01077788

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,281

Year Built

  • Built in 2023 | Under Construction

Lot Details

  • 8,738 Sq Ft Lot
  • No Landscaping

Parking

  • 3 Car Attached Garage
  • Driveway
  • Guest Parking
  • On-Street Parking
  • RV Hookup

Property Views

  • Coastline
  • Bay
  • Panoramic
  • Rock

Interior Spaces

  • 3,888 Sq Ft Home
  • 3-Story Property
  • Wood Burning Fireplace
  • Raised Hearth
  • Gas Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Home Office
  • Bonus Room
  • Home Gym
  • Walk-In Pantry

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Retreat
  • Primary Bedroom Suite
  • Walk-In Closet
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Outdoor Features

  • Deck
  • Patio
  • Wrap Around Porch

Utilities

  • Ductless Heating Or Cooling System
  • High Efficiency Air Conditioning
  • Zoned Heating and Cooling
  • High Efficiency Heating System

Additional Features

  • Solar owned by seller
  • Attached Guest House
  • Urban Location

Community Details

  • No Home Owners Association
  • Embarcadero Subdivision

Listing and Financial Details

  • Assessor Parcel Number 066134016

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,281

Year Built

Built in 2023 | Under Construction

Lot Details

0

Parking

3

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Embarcadero(750)
  • View: Yes
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066134016
  • Year Built: 2023
  • Special Features: NewHome

Interior Features

  • Fireplace: Yes
  • Living Area: 3888.00 Square Feet
  • Stories: 3
  • Entry Location: Level 2
  • Common Walls: No Common Walls
  • Appliances: No
  • Full Bathrooms: 3
  • Full And Three Quarter Bathrooms: 4
  • Half Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Entry Level: 2
  • Fireplace Features: Gas, Wood Burning, Great Room, Raised Hearth
  • Levels: Three Or More
  • Main Level Bathrooms: 1
  • Price Per Square Foot: 617.28
  • Room Type: Bonus Room, Exercise Room, Foyer, Guest/Maid's Quarters, Kitchen, Laundry, Primary Suite, Office, Retreat, Walk-In Closet, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Attached
  • View: Bay, Coastline, Panoramic, Rocks, Water
  • Patio And Porch Features: Deck, Wrap Around
  • Pool Private: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Parking Features: Driveway, Garage, Guest, RV Hook-Ups, Street
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Electric: Photovoltaics Seller Owned
  • Heating Type: Ductless, Electric, High Efficiency, Zoned
  • Laundry Features: Gas & Electric Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Ductless, Electric, High Efficiency, Zoned
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Urban

Schools

  • School District: San Luis Coastal Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, No Landscaping
  • Lot Size Sq Ft: 8738.00
  • Lot Size Acres: 0.2006
  • Latitude Manual: 35.36273200

Multi Family

  • Lease Considered: No
  • Lot Size Area: 8738.0000 Square Feet
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Jul 12, 2024
Sold by
Elster Bruce and Elster Melinda
Bought by
Mutter Troy and Jennings Jennifer
Seller's Agent
Monica King
BHGRE HAVEN PROPERTIES
Buyer's Agent
Sarah Weber
Compass
List Price
$2,800,000
Sold Price
$2,400,000
Premium/Discount to List
-$400,000
-14.29%
Views
429
Current Estimated Value
$2,412,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,240
Avg. Annual Appreciation
0.48%
Original Mortgage
$1,200,000
Outstanding Balance
$1,187,502
Interest Rate
6.87%
Mortgage Type
Seller Take Back
Estimated Equity
$1,224,738

Purchase Details

Closed on
Oct 26, 2020
Sold by
Elster Bruce S and The Elster Family Living Trust
Bought by
Elster Bruce S and Elster Melinda

Purchase Details

Closed on
Oct 13, 2020
Sold by
Morro Seaview Llc
Bought by
Elster Bruce and Elster Melinda

Purchase Details

Closed on
Mar 22, 2013
Sold by
Maul Garrick
Bought by
Morro Seaview Llc
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
Mutter Troy $2,400,000 First American Title
Elster Bruce S -- None Available
Elster Bruce -- None Available
Morro Seaview Llc $290,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mutter Troy $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $2,400,000 0.0% $617 / Sq Ft
06/28/2024 06/28/24 Pending -- -- --
05/30/2024 05/30/24 Price Changed $2,400,000 -14.3% $617 / Sq Ft
10/10/2023 10/10/23 For Sale $2,800,000 -- $720 / 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 $11,281 $1,129,909 $357,109 $772,800
2024 $8,827 $1,020,807 $350,107 $670,700
2023 $8,827 $797,443 $343,243 $454,200
2022 $3,762 $355,513 $336,513 $19,000
2021 $3,505 $329,915 $329,915 $0
2020 $3,469 $326,533 $326,533 $0
2019 $3,433 $320,131 $320,131 $0
2018 $3,365 $313,854 $313,854 $0
2017 $3,299 $307,700 $307,700 $0
2016 $3,235 $301,667 $301,667 $0
2015 $3,185 $297,136 $297,136 $0
2014 $2,925 $291,316 $291,316 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC23188029

California Regional Multiple Listing Service (CRMLS)

APN: 066-134-016