K
Seller's Agent in 2018
Kirby Gordon
Gordon & Gordon
537 Kings Ave Morro Bay, CA 93442
Estimated Value: $1,734,000 - $2,017,000
6
Beds
4
Baths
4,079
Sq Ft
$454/Sq Ft
Est. Value
Highlights
- Peek-A-Boo Views
- Contemporary Architecture
- No HOA
- Del Mar Elementary School Rated A-
- Recreation Room
- Home Gym
About This Home
As of January 2018Perfect for the investor or owner-occupant with a large owner's unit in the rear with a peek of the ocean and Morro Rock, a smaller two bedroom unit in the middle and a two bedroom unit downstairs plus a large laundry and rec room. Small income units that offer this much flexibility are hard to find. The large lot has plenty of parking. One garage was converted to a rec room with bath and with permit (529 square feet) and two others are used for storage. These can be rented for additional income. If you are looking for a 1031 Replacement property this would be a good choice.
Last Agent to Sell the Property
Kirby Gordon
Gordon & Gordon License #00481105 Listed on: 04/01/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,901
Year Built
- Built in 1977 | Remodeled
Lot Details
- 9,500 Sq Ft Lot
- Lot Dimensions are 50 x 190
- Two or More Common Walls
- Wood Fence
- Fence is in average condition
- Rectangular Lot
Parking
- 4 Open Parking Spaces
- 3 Car Garage
- 4 Attached Carport Spaces
- Parking Available
- Off-Street Parking
- Assigned Parking
Home Design
- Triplex
- Contemporary Architecture
- Slab Foundation
- Rolled or Hot Mop Roof
- Asbestos Shingle Roof
- Fiberglass Roof
- Wood Siding
- Stucco
Interior Spaces
- 4,079 Sq Ft Home
- 2-Story Property
- Built-In Features
- Double Pane Windows
- Drapes & Rods
- Window Screens
- Recreation Room
- Home Gym
- Carpet
- Peek-A-Boo Views
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
- Dishwasher
- Ceramic Countertops
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Balcony
- Exterior Lighting
Utilities
- Wall Furnace
- Natural Gas Connected
- Gas Water Heater
- Private Sewer
- Sewer Paid
- Phone Available
- Cable TV Available
Listing and Financial Details
- Tenant pays for electricity, gas, telephone
- Legal Lot and Block 8 / 6
- Assessor Parcel Number 066164004
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 3 Units
Building Details
- 2 Leased Units
- 3 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $550
- Gardener Expense $1,200
- Insurance Expense $1,200
- Maintenance Expense $1,950
- Other Expense $750
- Trash Expense $1,068
- Water Sewer Expense $2,500
- New Taxes Expense $11,500
- Operating Expense $19,968
- Gross Income $70,980
- Net Operating Income $51,012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 15, 2020
Sold by
Jones Jeanette F and Katherine J Ferrari Revocable
Bought by
Ferrari Anthonv and Trust B Of The Ferrari Family
Current Estimated Value
Purchase Details
Closed on
Jun 12, 2020
Sold by
Ferrari Roy P and Ferrari Carol E
Bought by
Ferrari Anthony and Trust B Of The Ferrari Family
Purchase Details
Closed on
Jun 10, 2020
Sold by
Ferrari Anthony and Trust B Of The Ferrari Family
Bought by
Ferrari Anthony L and Ferrari Gayle L
Purchase Details
Listed on
Apr 1, 2017
Closed on
Mar 22, 2018
Sold by
Ferrari Antho and The Ferrari Family Trust
Bought by
Ferrari Anthony and The Ferrari Family Trust
Seller's Agent
Kirby Gordon
Gordon & Gordon
Buyer's Agent
James Molnar
James Molnar Realty
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.93%
Purchase Details
Listed on
Apr 1, 2017
Closed on
Dec 20, 2017
Sold by
Ko Priscilla Uy and The Piscilla Uy To Trust
Bought by
Ferrari Anthony and The Ferrari Family Trust
Seller's Agent
Kirby Gordon
Gordon & Gordon
Buyer's Agent
James Molnar
James Molnar Realty
List Price
$1,100,000
Sold Price
$1,050,000
Premium/Discount to List
-$50,000
-4.55%
Purchase Details
Closed on
Nov 16, 2017
Sold by
Caldwell Katherine
Bought by
Caldwell Katherine and The Katherine Caldwell Separat
Purchase Details
Closed on
Feb 10, 2005
Sold by
Najarian Jerry Lee and Najarian Joann
Bought by
Najarian Kirk and Najarian Laree
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 26, 2005
Sold by
Najarian Kirk and Najarian Laree
Bought by
Ko Priscilla Uy and Priscilla Uy Ko Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 8, 2003
Sold by
Najarian Kirk and Najarian Laree
Bought by
Najarian Kirk and Najarian Laree
Purchase Details
Closed on
Jan 27, 2003
Sold by
Najarian Jerry Lee and Najarian Joann
Bought by
Najarian Kirk and Najarian Laree
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
5.83%
Purchase Details
Closed on
Nov 20, 2001
Sold by
Najarian Kirk and Najarian Laree
Bought by
Najarian Kirk and Najarian Laree
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
6.73%
Purchase Details
Closed on
Oct 2, 2001
Sold by
Najarian Jerry Lee and Najarian Joann
Bought by
Najarian Kirk and Najarian Laree
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$363,000
Interest Rate
6.73%
Purchase Details
Closed on
Oct 12, 2000
Sold by
Najarian Jerry and Najarian Joann
Bought by
Najarian Jerry Lee and Najarian Joann
Purchase Details
Closed on
Jul 31, 1997
Sold by
Najarian Jerry and Najarian Jo Ann
Bought by
Najarian Jerry Lee and Najarian Jo Ann
Purchase Details
Closed on
Oct 23, 1996
Sold by
Tanner Keith E and Belle Tanner N
Bought by
Najarian Kirk and Najarian Laree
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Interest Rate
7.88%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ferrari Anthonv | $260,000 | Accommodation | |
| Ferrari Anthony | $260,000 | Accommodation | |
| Ferrari Anthony L | $260,000 | Accommodation | |
| Ferrari Anthony | -- | Fnt Santa Maria Escrow Cost | |
| Ferrari Anthony | $1,050,000 | First American Title Co | |
| Ferrari Anthony | $1,050,000 | Fidelity National Title Co | |
| Caldwell Katherine | -- | None Available | |
| Najarian Kirk | -- | First American Title Company | |
| Ko Priscilla Uy | $1,000,000 | First American Title Company | |
| Najarian Kirk | -- | Fidelity Title Company | |
| Najarian Kirk | -- | Fidelity Title Company | |
| Najarian Kirk | $115,000 | Chicago Title Co | |
| Najarian Kirk | $181,500 | Chicago Title Co | |
| Najarian Jerry Lee | -- | -- | |
| Najarian Jerry Lee | -- | -- | |
| Najarian Kirk | $278,000 | Chicago Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Ko Priscilla Uy | $300,000 | |
| Previous Owner | Najarian Kirk | $397,000 | |
| Previous Owner | Najarian Kirk | $363,000 | |
| Previous Owner | Najarian Kirk | $242,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/25/2018 01/25/18 | Sold | $1,050,000 | -3.2% | $257 / Sq Ft |
| 12/08/2017 12/08/17 | Pending | -- | -- | -- |
| 11/16/2017 11/16/17 | Price Changed | $1,085,000 | -0.5% | $266 / Sq Ft |
| 07/31/2017 07/31/17 | Price Changed | $1,090,000 | -0.9% | $267 / Sq Ft |
| 04/01/2017 04/01/17 | For Sale | $1,100,000 | -- | $270 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $12,901 | $1,190,673 | $622,397 | $568,276 |
| 2024 | $12,668 | $1,167,328 | $610,194 | $557,134 |
| 2023 | $12,668 | $1,144,440 | $598,230 | $546,210 |
| 2022 | $11,874 | $1,122,000 | $586,500 | $535,500 |
| 2021 | $11,685 | $1,100,000 | $575,000 | $525,000 |
| 2020 | $11,604 | $1,092,420 | $520,200 | $572,220 |
| 2019 | $11,484 | $1,071,000 | $510,000 | $561,000 |
| 2018 | $11,259 | $1,050,000 | $500,000 | $550,000 |
| 2017 | $8,578 | $800,000 | $450,000 | $350,000 |
| 2016 | $7,774 | $725,000 | $400,000 | $325,000 |
| 2015 | $6,968 | $650,000 | $375,000 | $275,000 |
| 2014 | $5,773 | $575,000 | $325,000 | $250,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
James Molnar
Buyer's Agent in 2018
James Molnar
James Molnar Realty
(805) 459-6448
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PI17064677
APN: 066-164-004
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