NOT LISTED FOR SALE

540 Pico Ave Unit 117 San Simeon, CA 93452

San Simeon Neighborhood

Estimated Value: $537,000 - $609,000

2 Beds
2 Baths
1,218 Sq Ft
$190/mo HOA Fee

Last Sold November 04, 2022

Last sale price $465,000 $382 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,645/month

1 Day on Market

Highlights

  • Ocean View
  • Fishing
  • Outdoor Cooking Area
  • Coast Union High School Rated A
  • Corner Lot
  • Hiking Trails

About This Home

As of November 2022

Just a 5 minute ocean-view drive north of Cambria is where you will find this affordable gem. Tucked off the highway with ocean views, this 2 bedroom / Two bathroom condo with a view balcony; fireplace; garage and laundry closet has an open floor plan for the main living. HOA fees are $190/month which includes trash. This has been a long-loved home by these owners of 21 years, it is now ready for new treatment and new love going forward! Priced to sell – sold “as is”.

Last Agent to Sell the Property

Casey Hosman

The Real Estate Company of Cambria License #01351028 Listed on: 10/12/2022

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,125

Year Built

  • Built in 1988

Lot Details

  • Two or More Common Walls
  • Rural Setting
  • Level Lot
  • Density is 16-20 Units/Acre

HOA Fees

  • $190 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Parking Available
  • Single Garage Door

Property Views

  • Ocean
  • Woods

Home Design

  • Planned Development
  • Composition Roof

Interior Spaces

  • 1,218 Sq Ft Home
  • Wood Burning Fireplace
  • Gas Fireplace

Kitchen

  • Gas Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms
  • Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Additional Features

  • Balcony
  • Forced Air Heating System

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Tax Tract Number 1296
  • Assessor Parcel Number 013091065

Community Details

Overview

  • 20 Units
  • Bob Karrick Association, Phone Number (405) 833-2269
  • Not Known HOA
  • San Simeon Acres Subdivision
  • Mountainous Community
  • Property is near a preserve or public land

Amenities

  • Outdoor Cooking Area

Recreation

  • Fishing
  • Hiking Trails
  • Bike Trail

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,125

Year Built

Built in 1988

Lot Details

0

HOA Fees

$190 per month

Parking

1

Listing Details

  • Structure Type: Multi Family
  • Assessments: No
  • Property Attached: Yes
  • Road Surface Type: Paved
  • Subdivision Name Other: Las Gaviotas Townhouses
  • View: Yes
  • Zoning: RMF
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 013091065
  • Year Built: 1988
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1218.00 Square Feet
  • Interior Amenities: Balcony
  • Common Walls: 2+ Common Walls
  • Flooring: Carpet, Vinyl
  • Appliances: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Wood Burning
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 381.77
  • Room Type: All Bedrooms Down
  • Bathroom Features: Bathtub

Exterior Features

  • View: Ocean, Trees/Woods
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Garage - Single Door
  • Total Parking Spaces: 1.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Gas Range, Refrigerator
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Outdoor Cooking Area
  • Association Fee: 190.00
  • Association Fee Frequency: Monthly
  • Association Name: Bob Karrick
  • Phone: 405-833-2269
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Biking, Fishing, Hiking, Mountainous, Preserve/Public Land, Rural
  • Association Management: Not known

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Corner Lot, Level with Street
  • Lot Size Sq Ft: 1218.00
  • Lot Size Acres: 0.0280

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1218.0000 Square Feet
  • Number Of Units In Community: 20
  • Number Of Units Total: 20

Tax Info

  • Tax Block: 2
  • Tax Census Tract: 130.00
  • Tax Lot: 1
  • Tax Tract Number: 1296

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2022
Closed on
Oct 19, 2022
Sold by
Hu Sue W
Bought by
Hulsey James M and Hulsey Cassie L
Seller's Agent
Casey Hosman
The Real Estate Company of Cambria
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$459,000
Sold Price
$465,000
Premium/Discount to List
$6,000
1.31%
Views
31
Current Estimated Value
$578,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,522
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Mar 22, 2001
Sold by
Nazaroff Nick and Nazaroff Elaine
Bought by
Hu Kuo Kuang and Hu Sue W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,800
Interest Rate
6.98%

Purchase Details

Closed on
Nov 23, 1994
Sold by
Chermak Lois
Bought by
Nazaroff Nick and Nazaroff Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
9.1%

Purchase Details

Closed on
Jun 24, 1994
Sold by
Schaefer Gary E and Schaefer Janice J
Bought by
Chermak Lois

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,850
Interest Rate
8.38%
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
Hulsey James M $465,000 Placer Title
Hu Kuo Kuang $245,000 First American Title
Nazaroff Nick $145,000 First American Title Ins Co
Chermak Lois $145,500 Homestead Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hu Kuo Kuang $178,800
Previous Owner Nazaroff Nick $116,000
Previous Owner Chermak Lois $101,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2022 11/04/22 Sold $465,000 +1.3% $382 / Sq Ft
10/13/2022 10/13/22 Pending -- -- --
10/12/2022 10/12/22 For Sale $459,000 -- $377 / 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 $5,125 $483,786 $234,090 $249,696
2024 $5,037 $474,300 $229,500 $244,800
2023 $5,037 $465,000 $225,000 $240,000
2022 $3,725 $347,866 $113,585 $234,281
2021 $3,667 $341,046 $111,358 $229,688
2020 $3,622 $337,550 $110,217 $227,333
2019 $3,551 $330,932 $108,056 $222,876
2018 $3,479 $324,444 $105,938 $218,506
2017 $3,407 $318,083 $103,861 $214,222
2016 $3,339 $311,847 $101,825 $210,022
2015 $3,290 $307,164 $100,296 $206,868
2014 $3,055 $290,000 $95,000 $195,000
Source: Public Records

Agents Affiliated with this Home

  • Casey Hosman

    Seller's Agent in 2022

    Casey Hosman

    The Real Estate Company of Cambria

    (805) 909-2090

    1 in this area

    18 Total Sales

    Casey Hosman
    Section Image

  • N

    Buyer's Agent in 2022

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    5,995 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22221145

California Regional Multiple Listing Service (CRMLS)

APN: 013-091-065

California San Luis Obispo County San Simeon 93452 San Simeon

540 Pico Ave Unit 117, San Simeon, CA

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