NOT LISTED FOR SALE

540 Avalon St Unit 2 Morro Bay, CA 93442

Morro Bay Area

Estimated Value: $747,000 - $879,000

2 Beds
1 Bath
1,800 Sq Ft
$447/Sq Ft Est. Value

Sale Details

Date Sold: June 14, 2024

Last sale price $550,000 $306 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,044 / mo

20 Days on Market

Highlights

  • White Water Ocean Views
  • Lake Front
  • Fireplace in Bathroom
  • Del Mar Elementary School Rated A-
  • Community Lake
  • Main Floor Bedroom

About This Home

As of June 2024

Cozy two story 2-unit apartment with storage shed in rear. Laminate flooring throughout, large 1 bedroom(s) great views of the Ocean and Morro Rock. Each unit has a full bath, small kitchen(s) large living rooms. Each unit has a separate entry. Extra room in rear of property used as a large storage area. Great backyard with private paradise area for downstairs unit. Street parking, laundry room downstairs for both units. Property is in great neighborhood. Upper unit has large deck with panoramic views of Morro Rock and Ocean. Downstairs unit has been occupied for years, upstairs unit newer tenant. Rents currently $3,100 month.

Last Agent to Sell the Property

Linda McClure

American Property Services Brokerage Phone: 805-748-7673 License #00808187 Listed on: 05/22/2024

Last Buyer's Agent

CHARLI MARTINEZ

Superior Properties Group License #01999484

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1949

Lot Details

  • 2,800 Sq Ft Lot
  • Lake Front
  • Property fronts a county road
  • Back Yard
  • Density is up to 1 Unit/Acre

Property Views

  • White Water Ocean
  • Marina
  • Coastline
  • Bay
  • Harbor
  • City Lights
  • Bluff
  • Hills
  • Neighborhood
  • Rock

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Drapes & Rods
  • Wood Frame Window
  • Window Screens
  • Living Room

Kitchen

  • Free-Standing Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 1 Bathroom
  • Fireplace in Bathroom

Laundry

  • Laundry Room
  • Washer

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Detached Carport Space
  • Driveway Level
  • Unpaved Parking
  • On-Street Parking

Outdoor Features

  • Balcony
  • Outbuilding

Utilities

  • Wall Furnace
  • Water Heater
  • Phone Available
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Fireplace in Guest House

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 068264021
  • $5,823 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Morro Del Mar Subdivision
  • Community Lake
  • Mountainous Community

Amenities

  • Laundry Facilities

Recreation

  • Water Sports

Building Details

  • 1 Leased Unit
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters

Home Details

Home Type

Single Family

Year Built

Built in 1949

Lot Details

2,800 Sq Ft Lot

Listing Details

  • Assessments: Yes
  • Inclusions: stove, refrigerators, window coverings.
  • Property Attached: No
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Subdivision Name Other: Morro del Mar(800)
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 068264021
  • Year Built: 1949
  • Special Features: None

Interior Features

  • Interior Amenities: Balcony, Ceiling Fan(s)
  • Stories: 2
  • Common Walls: No Common Walls
  • Accessibility Features: No Interior Steps, See Remarks
  • Appliances: Yes
  • Entry Level: 2
  • Fireplace Features: Bath, Guest House
  • Levels: Two
  • Price Per Square Foot: 305.56
  • Room Type: Kitchen, Laundry, Living Room, Main Floor Bedroom, Primary Bathroom, Primary Bedroom
  • Window Features: Double Pane Windows, Drapes, Screens, Wood Frames

Exterior Features

  • Foundation: Slab
  • Other Structures: Outbuilding
  • View: Bay, Bluff, City Lights, Coastline, Harbor, Hills, Marina, Neighborhood, Ocean, Rocks, White Water
  • Pool Private: No
  • Spa: No
  • Construction Materials: Wood Siding

Garage/Parking

  • Parking Features: Detached Carport, Unpaved, Driveway Level, Street
  • Total Parking Spaces: 2.00
  • Uncovered Spaces: 2.00

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Free-Standing Range, Microwave, Refrigerator, Water Heater
  • Electric: Electricity - On Property
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area, Individual Room, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Lake, Watersports, Mountainous

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard
  • Lot Size Sq Ft: 2800.00
  • Lot Size Acres: 0.0643
  • Latitude Manual: 35.38594800

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Average1 Bed Area: 1000 Square Feet
  • Gross Income: 18000.00
  • Gross Scheduled Income: 36000.00
  • Lot Size Area: 2800.0000 Square Feet
  • Net Operating Income: 18000.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Units Leased: 1
  • Number Of Units Total: 2
  • Operating Expense: 18000.00
  • Rent Control: Yes
  • Total Actual Rent: 1400.00
  • Total Expenses: 18000.00
  • Waterfront Features: Lake Front

Tax Info

  • TaxOtherAnnualAssessmentAmount: 5823.48

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 12, 2024
Sold by
Bought by
Seller's Agent
Linda McClure
American Property Services
Buyer's Agent
CHARLI MARTINEZ
Superior Properties Group
List Price
$750,000
Sold Price
$550,000
Premium/Discount to List
-$200,000
-26.67%
Views
23
Current Estimated Value
$803,740

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,740
Avg. Annual Appreciation
19.90%

Purchase Details

Closed on
Jun 20, 2019
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2003
Sold by
Bought by

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
5.97%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Jul 10, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.37%

Purchase Details

Closed on
Jun 23, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.37%

Purchase Details

Closed on
Jun 22, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
8.37%

Purchase Details

Closed on
Jan 9, 1996
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 1995
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$550,000 First American Title
-- None Available
$385,000 Fidelity Title Company
$210,000 First American Title
-- First American Title Ins Co
-- --
-- First American Title Ins Co
$118,000 First American Title Insuran
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $307,545
Previous Owner $300,000
Previous Owner $69,800
Previous Owner $169,000
Previous Owner $60,000
Previous Owner $74,000
Previous Owner $171,000
Previous Owner $168,000
Previous Owner $112,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/14/2024 06/14/24 Sold $550,000 -26.7% $306 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $750,000 -- $417 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,982 $724,200 $484,500 $239,700
2024 $5,823 $536,639 $383,317 $153,322
2023 $5,823 $526,117 $375,801 $150,316
2022 $5,458 $515,802 $368,433 $147,369
2021 $5,372 $505,689 $361,209 $144,480
2020 $5,317 $500,505 $357,506 $142,999
2019 $5,261 $490,693 $350,497 $140,196
2018 $5,158 $481,073 $343,625 $137,448
2017 $5,057 $471,641 $336,888 $134,753
2016 $4,450 $415,000 $295,000 $120,000
2015 $4,449 $415,000 $295,000 $120,000
2014 $3,514 $350,000 $255,000 $95,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI24073273

California Regional Multiple Listing Service (CRMLS)

APN: 068-264-021

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