NOT LISTED FOR SALE

540 Madera Ave Morro Bay, CA 93442

Estimated Value: $917,497 - $972,000

2 Beds
2 Baths
1,068 Sq Ft
$891/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $499,000 $467 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,606/month

4 Days on Market

Highlights

  • Ocean View
  • Attached Guest House
  • Deck
  • Del Mar Elementary School Rated A-
  • Maid or Guest Quarters
  • Wood Flooring

About This Home

As of August 2014

What a Cutie! One of the original Morro Bay beach bungalows with updates along the way. Roomy with lots of natural light and original hardwood floors. Features modernized kitchen and bathrooms, a comfy family room with skylights and a free-standing wood burning stove. Check out the great tiled bathroom that looks out to the backyard! The private fenced backyard is a peaceful retreat with mature trees, plants and tucked in the corner is the perfect cozy guest cottage. Enjoy spectacular sunsets, ocean and greenbelt views from the craftsmen designed viewing deck above the carport. This is a must see!!

Last Agent to Sell the Property

Venessa Armstrong

Keller Williams Realty Central Coast License #01301684 Listed on: 07/20/2014

Last Buyer's Agent

Candice Bell

Shoreline Properties License #01238936

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,420

Year Built

  • Built in 1950

Lot Details

  • 5,001 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot

Parking

  • 1 Car Attached Garage
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Peek-A-Boo
  • Hills
  • Park or Greenbelt

Home Design

  • Flat Roof Shape
  • Raised Foundation
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,068 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Double Pane Windows
  • Family Room with Fireplace
  • L-Shaped Dining Room
  • Wood Flooring

Kitchen

  • Eat-In Kitchen
  • Electric Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Maid or Guest Quarters

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Additional Homes

  • Attached Guest House

Utilities

  • Cooling Available
  • Wall Furnace
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066164015

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,420

Year Built

Built in 1950

Lot Details

0

Parking

1

Listing Details

  • View: Yes
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066164015
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1068.00
  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell, In Kitchen
  • Fireplace Features: Family Room, Free Standing, Wood Burning
  • Levels: One
  • Price Per Square Foot: 467.23
  • Room Type: Family Room, Guest/Maid's Quarters, Main Floor Master Bedroom
  • Window Features: Double Pane Windows, Skylight(s)

Exterior Features

  • Patio: Yes
  • Foundation: Slab, Raised
  • Other Structures: Guest House Attached
  • View: Hills, Ocean, Peek-A-Boo, Park/Greenbelt
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Deck
  • Roof: Flat, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Covered, Driveway
  • Total Parking Spaces: 1.00

Utilities

  • Utilities: Cable Available
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooking, Disposal, Refrigerator
  • Heating Type: Wall Furnace
  • Laundry Features: In Garage
  • Water Source: Public
  • Cooling: Yes

Condo/Co-op/Association

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

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 5001.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lot Size Area: 5001.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2018
Sold by
Bell Scott G
Bought by
Bell Scott and 2018 Scott G Bell Trust
Current Estimated Value
$951,874

Purchase Details

Listed on
Jul 20, 2014
Closed on
Jul 30, 2014
Sold by
Gekas Chris A and Gekas Kathleen A
Bought by
Bell Scott G
Seller's Agent
Venessa Armstrong
Keller Williams Realty Central Coast
Buyer's Agent
Candice Bell
Shoreline Properties
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.27%

Purchase Details

Closed on
Aug 11, 2011
Sold by
Costell Sandra A
Bought by
Gekas Chris A and Gekas Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,000
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 1999
Sold by
Hass Audrie P
Bought by
Hass Audrie P

Purchase Details

Closed on
Oct 9, 1995
Sold by
Coryell Thomas M and Coryell Helen A
Bought by
Hass Audrie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,600
Interest Rate
7.62%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bell Scott -- None Available
Bell Scott G $499,000 Fidelity National Title Co
Gekas Chris A $354,000 Fidelity National Title Co
Hass Audrie P -- --
Hass Audrie P $164,000 First American Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gekas Chris A $280,400
Previous Owner Gekas Chris A $283,000
Previous Owner Hass Audrie P $138,209
Previous Owner Hass Audrie P $147,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2014 08/22/14 Sold $499,000 0.0% $467 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
07/20/2014 07/20/14 For Sale $499,000 -- $467 / 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 $6,420 $599,711 $420,641 $179,070
2024 $6,303 $587,953 $412,394 $175,559
2023 $6,303 $576,425 $404,308 $172,117
2022 $5,906 $565,124 $396,381 $168,743
2021 $5,811 $554,044 $388,609 $165,435
2020 $5,751 $548,364 $384,625 $163,739
2019 $5,689 $537,613 $377,084 $160,529
2018 $5,576 $527,073 $369,691 $157,382
2017 $5,466 $516,740 $362,443 $154,297
2016 $5,357 $506,609 $355,337 $151,272
2015 $5,274 $499,000 $350,000 $149,000
2014 $3,806 $386,079 $230,541 $155,538
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1046275

California Regional Multiple Listing Service (CRMLS)

APN: 066-164-015