D
Seller's Agent in 2022
Dean Marchant
Morro Shores Real Estate
554 Madera Ave Morro Bay, CA 93442
Estimated Value: $993,000 - $1,186,442
4
Beds
2
Baths
1,912
Sq Ft
$559/Sq Ft
Est. Value
Highlights
- Ocean View
- No HOA
- Forced Air Heating System
- Del Mar Elementary School Rated A-
- Hiking Trails
About This Home
As of February 2022Great location, easy walk to downtown Morro Bay and Black Mountain. This two unit complex looks way better than the photos. Each unit has it's own one car garage and laundry. Third garage is rented for $250 per month. Nice back yard and landscaping. Upstairs has tremendous views and down stairs will be vacant January 1. Perfect for an owner occupy.
Last Agent to Sell the Property
Dean Marchant
Morro Shores Real Estate License #01064170 Listed on: 11/19/2021
Last Buyer's Agent
Dean Marchant
Morro Shores Real Estate License #01064170 Listed on: 11/19/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 5,074 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 3 Open Parking Spaces
- 3 Car Garage
Interior Spaces
- 1,912 Sq Ft Home
- 2-Story Property
- Ocean Views
- Laundry in Garage
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating System
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity, gas, trash collection
- Legal Lot and Block 19 / 6
- Assessor Parcel Number 066164010
Community Details
Overview
- No Home Owners Association
- 2 Units
- Morro Heights Subdivision
Recreation
- Hiking Trails
- Bike Trail
Building Details
- 2 Leased Units
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $968
- Water Sewer Expense $3,420
- Operating Expense $4,388
- Gross Income $45,000
- Net Operating Income $40,612
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
Nov 19, 2021
Closed on
Jan 25, 2022
Sold by
Bought by
Seller's Agent
Dean Marchant
Morro Shores Real Estate
Buyer's Agent
Dean Marchant
Morro Shores Real Estate
List Price
$899,000
Sold Price
$870,000
Premium/Discount to List
-$29,000
-3.23%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,861
Avg. Annual Appreciation
4.81%
Original Mortgage
$435,000
Outstanding Balance
$403,439
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$665,422
Purchase Details
Closed on
Jun 14, 2021
Sold by
Bought by
Purchase Details
Closed on
Oct 2, 2018
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
$250,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 11, 2018
Closed on
Jun 15, 2018
Sold by
Bought by
Seller's Agent
Wes Burk
Compass
Buyer's Agent
Dean Marchant
Morro Shores Real Estate
List Price
$725,000
Sold Price
$725,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.97%
Purchase Details
Listed on
May 11, 2018
Closed on
Jun 6, 2018
Sold by
Bought by
Seller's Agent
Wes Burk
Compass
Buyer's Agent
Dean Marchant
Morro Shores Real Estate
List Price
$725,000
Sold Price
$725,000
Purchase Details
Closed on
Feb 11, 1994
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
$72,000
Interest Rate
6.98%
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $870,000 | First American Title | ||
| -- | None Available | ||
| -- | Fidelity National Title | ||
| -- | Placer Title Co | ||
| $725,000 | Placer Title Co | ||
| -- | First American Title Ins Co |
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 |
|---|---|---|---|
| Open | $435,000 | ||
| Previous Owner | $250,000 | ||
| Previous Owner | $72,000 |
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 | Prior Sale |
|---|---|---|---|---|---|
| 02/02/2022 02/02/22 | Sold | $870,000 | -3.2% | $455 / Sq Ft | |
| 12/05/2021 12/05/21 | Pending | -- | -- | -- | |
| 11/19/2021 11/19/21 | For Sale | $899,000 | +24.0% | $470 / Sq Ft | |
| 06/18/2018 06/18/18 | Sold | $725,000 | 0.0% | $379 / Sq Ft | View Prior Sale |
| 05/29/2018 05/29/18 | Pending | -- | -- | -- | |
| 05/11/2018 05/11/18 | For Sale | $725,000 | -- | $379 / 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 | $10,003 | $923,250 | $451,013 | $472,237 |
| 2024 | $9,822 | $905,148 | $442,170 | $462,978 |
| 2023 | $9,822 | $887,400 | $433,500 | $453,900 |
| 2022 | $8,226 | $777,344 | $375,270 | $402,074 |
| 2021 | $8,095 | $762,103 | $367,912 | $394,191 |
| 2020 | $8,012 | $754,290 | $364,140 | $390,150 |
| 2019 | $7,929 | $739,500 | $357,000 | $382,500 |
| 2018 | $2,392 | $223,109 | $53,533 | $169,576 |
| 2017 | $2,345 | $218,735 | $52,484 | $166,251 |
| 2016 | $2,299 | $214,447 | $51,455 | $162,992 |
| 2015 | $2,264 | $211,227 | $50,683 | $160,544 |
| 2014 | $2,079 | $207,091 | $49,691 | $157,400 |
Source: Public Records
Agents Affiliated with this Home
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-
W
Seller's Agent in 2018
Wes Burk
Compass
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC21235326
APN: 066-164-010
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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