NOT LISTED FOR SALE

540 Estero Ave Morro Bay, CA 93442

Estimated Value: $1,069,000 - $1,383,000

4 Beds
3.5 Baths
1,800 Sq Ft
$658/Sq Ft Est. Value

Last Sold November 07, 2018

Last sale price $825,000 $458 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $7,016/month

12 Days on Market

Highlights

  • Ocean View
  • Detached Guest House
  • Open Floorplan
  • Del Mar Elementary School Rated A-
  • Updated Kitchen
  • Cape Cod Architecture

About This Home

As of November 2018

This home has been remodeled. 3 bedrooms 2 and 1 1/2 baths. New landscaping back and front yards. New white cabinets, quartz counter tops in kitchen and master bath. All new tile showers, sinks, toilets, New custom paint throughout, Custom lighting, new stainless appliances, wood like laminate flooring and new carpet in two of bedrooms. Also has a laundry room and separate kitchen pantry. So many amenities to list in main single level. This unique property boasts a 1 bedroom Apt. over the 1 car garage. Apt. includes new kitchen and new bathroom. Great room. Garage has private laundry room with a bathroom. Apt. rents for $1600.00 per month and is on a month to month rental at current time. Has views of Morro Rock and the ocean. Great home with a lot to offer . Use as a 2nd home or rental. Must see

Last Agent to Sell the Property

Stacy Bromley

Central Coast Beach Properties License #01201477 Listed on: 09/11/2018

Last Buyer's Agent

Karen Roza

BHGRE HAVEN PROPERTIES License #00708218

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947 | Remodeled

Lot Details

  • 5,750 Sq Ft Lot
  • Wood Fence
  • Drip System Landscaping
  • Front Yard Sprinklers
  • Private Yard
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Parking

  • 1 Car Garage
  • Parking Available
  • Rear-Facing Garage
  • Single Garage Door
  • Gravel Driveway
  • Guest Parking

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Double Pane Windows
  • Family Room
  • Formal Dining Room
  • Ocean Views
  • Carbon Monoxide Detectors

Kitchen

  • Updated Kitchen
  • Breakfast Area or Nook
  • Walk-In Pantry
  • Gas Oven
  • Self-Cleaning Oven
  • Gas and Electric Range
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Laminate Countertops
  • Self-Closing Drawers and Cabinet Doors
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Makeup or Vanity Space
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Laundry in Kitchen
  • 220 Volts In Laundry
  • Gas And Electric Dryer Hookup

Accessible Home Design

  • More Than Two Accessible Exits
  • Accessible Parking

Outdoor Features

  • Slab Porch or Patio
  • Exterior Lighting

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • High Efficiency Heating System
  • 220 Volts in Kitchen
  • Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066154017

Home Details

Home Type

Single Family

Year Built

Built in 1947 | Remodeled

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R1
  • Architectural Style: Cape Cod
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066154017
  • Year Built: 1947
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1800.00 Square Feet
  • Interior Amenities: Crown Molding, Granite Counters, Laminate Counters, Open Floorplan, Pantry, Stone Counters
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Carpet, Laminate, Wood
  • Accessibility Features: 2+ Access Exits, Parking
  • Appliances: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Eating Area: Breakfast Nook, Separated
  • Levels: One
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 458.33
  • Room Type: All Bedrooms Down, Family Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Master Bedroom, Walk-In Closet, Walk-In Pantry
  • Window Features: Double Pane Windows
  • Bathroom Features: Bathtub, Shower, Double Sinks In Master Bath, Exhaust Fan(s), Remodeled, Separate Tub And Shower, Vanity Area, Walk-In Shower
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen, Self-Closing Cabinet Doors, Self-Closing Drawers, Walk-In Pantry

Exterior Features

  • Patio: Yes
  • Other Structures: Guest House Detached
  • View: Ocean
  • Fence: Yes
  • Fencing: Wood
  • Patio And Porch Features: Patio, Slab, Stone
  • Pool Private: No
  • Roof: Shingle
  • Construction Materials: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Gravel, Garage Faces Rear, Garage - Single Door, Guest, On Site
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas & Electric Range, Gas Oven, Self Cleaning Oven, Water Heater, Water Line to Refrigerator
  • Electric: 220 Volts in Kitchen, 220 Volts in Laundry
  • Heating Type: Central, High Efficiency
  • Laundry Features: Gas & Electric Dryer Hookup, In Kitchen, Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Sprinkler System, Sprinklers Drip System, Sprinklers In Front, Sprinklers Manual, Yard
  • Lot Size Sq Ft: 5750.00

Multi Family

  • Lease Considered: No
  • Number Of Units Total: 2

Tax Info

  • Tax Census Tract: 106.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2021
Sold by
Chaney Colin N and Chaney Teriza
Bought by
Chaney Colin N and Chaney Teriza M
Current Estimated Value
$1,184,045

Purchase Details

Listed on
Sep 11, 2018
Closed on
Oct 29, 2018
Sold by
Wedding Robin Renee
Bought by
Chaney Colin M and Chaney Teriza
Seller's Agent
Stacy Bromley
Central Coast Beach Properties
Buyer's Agent
Karen Roza
BHGRE HAVEN PROPERTIES
List Price
$849,000
Sold Price
$825,000
Premium/Discount to List
-$24,000
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.18%
Original Mortgage
$615,250
Outstanding Balance
$538,765
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$645,280

Purchase Details

Closed on
May 30, 2018
Sold by
Brum Jospeh Michael
Bought by
Wedding Robin R

Purchase Details

Closed on
Dec 7, 2015
Sold by
Brum Joseph Michael
Bought by
Brum Joseph Michael and Wedding Robin Renee

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
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 20, 2015
Sold by
Borders Suzanne Maria Espino and Espino Brum Suzanne Maria
Bought by
Brum Joseph Michael

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
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 18, 2015
Sold by
Espino Michael Joseph
Bought by
Brum Joseph Michael

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
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2012
Sold by
Brum Joseph Michael and Espino Brum Suzanne Maria
Bought by
Brum Joseph Michael and Espino Brum Suzanne Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,550
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 17, 2009
Sold by
Brum Joseph Michael and Espino Brum Suzanne Maria
Bought by
Brum Joseph Michael and Espino Brum Suzanne Maria

Purchase Details

Closed on
Jun 2, 2008
Sold by
Coburn John H and Coburn Joan P
Bought by
Brum Joseph Michael and Espino Brum Suzanne Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2008
Sold by
Feather River Exchange Co Llc
Bought by
Coburn John H and Coburn Joan P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 9, 2006
Sold by
Stewart Gregory V
Bought by
Feather River Exhange Co Llc and Coburn John H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.37%
Mortgage Type
Commercial
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

Date Buyer Sale Price Title Company
Chaney Colin N -- None Available
Chaney Colin M $825,000 First American Title Co
Wedding Robin R -- None Availablei
Brum Joseph Michael -- First American Title Company
Brum Joseph Michael -- First American Title Company
Brum Joseph Michael -- None Available
Brum Joseph Michael -- Accommodation
Brum Joseph Michael -- Fidelity National Title Co
Brum Joseph Michael -- None Available
Brum Joseph Michael $530,000 First American Title Co
Coburn John H -- Accommodation
Feather River Exhange Co Llc $530,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chaney Colin M $615,250
Previous Owner Brum Joseph Michael $300,000
Previous Owner Brum Joseph Michael $416,550
Previous Owner Brum Joseph Michael $417,000
Previous Owner Feather River Exhange Co Llc $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2018 11/07/18 Sold $825,000 -2.8% $458 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
09/11/2018 09/11/18 For Sale $849,000 -- $472 / 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 $9,971 $920,297 $557,756 $362,541
2024 $9,791 $902,253 $546,820 $355,433
2023 $9,791 $884,563 $536,099 $348,464
2022 $9,177 $867,220 $525,588 $341,632
2021 $9,031 $850,217 $515,283 $334,934
2020 $8,939 $841,500 $510,000 $331,500
2019 $8,846 $825,000 $500,000 $325,000
2018 $6,398 $603,666 $368,553 $235,113
2017 $6,271 $591,830 $361,327 $230,503
2016 $6,090 $575,000 $350,000 $225,000
2015 $5,371 $515,000 $300,000 $215,000
2014 $4,679 $480,000 $295,000 $185,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI18222569

California Regional Multiple Listing Service (CRMLS)

APN: 066-154-017