NOT LISTED FOR SALE

595 Main St Morro Bay, CA 93442

Estimated Value: $1,068,000 - $1,593,000

3 Beds
3 Baths
2,118 Sq Ft
$603/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $860,000 $406 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $7,537/month

37 Days on Market

Highlights

  • Ocean View
  • Greenhouse
  • Wood Flooring
  • Del Mar Elementary School Rated A-
  • 0.23 Acre Lot
  • 3-minute walk to Coleman Park

About This Home

As of September 2018

Location, Location, Location…Morro Bay Investment Property - Large Corner Lot with 2 Homes and Views of Morro Rock. Zoned R4/C1, contact City of Morro Bay for the possibilities. Main house is 2 Bedrooms, 2 Baths with basement. Separate Formal Dining Room and Living Room with Fireplace and Hardwood Floors throughout the home. Master Bedroom with 2 skylights and updated full bathroom. Deck off the kitchen is great to sit and enjoy the sunsets. Separate 1 Bedroom, 1 Bath located at 270 Marina. Situated 2 blocks from the Embarcadero, dining, entertainment and more. The main house has a concrete driveway for your boat and RV. Additional storage shed and Greenhouse are located in the side yards. Contact your REALTOR today!

Last Agent to Sell the Property

Barbara Fisher

Modern Broker-Pismo Beach License #01486314 Listed on: 08/08/2018

Modern Broker-Pismo Beach

Co-Listed By

Garrett Fahrmann

BHGRE HAVEN PROPERTIES License #01997328

Last Buyer's Agent

Lorraine Sterkel

Horizon Realty & Property Mgt License #00648760

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 9,900 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 1 Car Garage
  • 4 Open Parking Spaces
  • Parking Available
  • Driveway

Property Views

  • Ocean
  • Bay
  • Rock

Home Design

  • Raised Foundation
  • Slab Foundation

Interior Spaces

  • 2,118 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Wood Flooring
  • Basement

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Greenhouse
  • Shed

Utilities

  • Cooling Available
  • Air Source Heat Pump
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 066133004

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gross Income $3,620
  • Net Operating Income $3,620

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R4/C1
  • Property Type: Residential Income
  • Parcel Number: 066133004
  • Year Built: 1956
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 406.04
  • Room Type: Basement

Exterior Features

  • Foundation: Raised, Slab
  • Other Structures: Greenhouse, Shed(s)
  • View: Bay, Ocean, Rocks
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 1.00
  • Parking: Yes
  • Parking Features: Driveway, Garage
  • Total Parking Spaces: 5.00
  • Uncovered Spaces: 4.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
  • Heating Type: Heat Pump
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Heat Pump
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 9900.00
  • Lot Size Acres: 0.2273

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 720 Square Feet
  • Average3 Bed Area: 1398 Square Feet
  • Gross Income: 3620.00
  • Gross Scheduled Income: 3620.00
  • Lot Size Area: 9900.0000 Square Feet
  • Net Operating Income: 3620.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Rent Control: No
  • Total Actual Rent: 3620.00

Tax Info

  • Tax Census Tract: 106.02

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 17, 2021
Sold by
Talarico Matthew and Edwards Cyndee
Bought by
Talarico Matthew and Edwards Cyndee
Current Estimated Value
$1,276,872

Purchase Details

Closed on
Oct 7, 2020
Sold by
Talarico Matthew and Edwards Cyndee
Bought by
Talarico Matthew and Edwards Cyndee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,750
Outstanding Balance
$675,413
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$601,459

Purchase Details

Listed on
Aug 8, 2018
Closed on
Sep 11, 2018
Sold by
Bennett Milon Bradford and The David L George Family Trus
Bought by
Talarico Mattew and Edwards Cyndee
Seller's Agent
Barbara Fisher
Modern Broker-Pismo Beach
Buyer's Agent
Lorraine Sterkel
Horizon Realty & Property Mgt
List Price
$950,000
Sold Price
$860,000
Premium/Discount to List
-$90,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.56%
Original Mortgage
$774,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 13, 2013
Sold by
George David L
Bought by
George David L

Purchase Details

Closed on
Jun 12, 2013
Sold by
George Margie W and George Margie Webster
Bought by
George David L

Purchase Details

Listed on
Mar 26, 2012
Closed on
Jul 8, 2012
Sold by
James Kenneth M and James Barbara A
Bought by
George David L and George Margie W
Seller's Agent
Steve Marvin
West Coast Properties
Buyer's Agent
Bill Austin
Pacific Properties Home Estate Investment
List Price
$599,000
Sold Price
$575,000
Premium/Discount to List
-$24,000
-4.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
Original Mortgage
$460,000
Interest Rate
3.56%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 19, 2001
Sold by
James Kenneth M and James Barbara A
Bought by
James Kenneth M and James Barbara A

Purchase Details

Closed on
Dec 16, 1997
Sold by
Conger Lin and Conger Marvel Rose
Bought by
James Kenneth M and James Barbara A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.11%
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
Talarico Matthew -- None Available
Talarico Matthew -- Placer Title Company
Talarico Mattew $860,000 Placer Title Co
George David L -- None Available
George David L -- None Available
George David L $575,000 Fidelity National Title Co
James Kenneth M -- --
James Kenneth M $185,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Talarico Matthew $760,750
Closed Talarico Mattew $774,000
Previous Owner George David L $460,000
Previous Owner James Kenneth M $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/25/2018 09/25/18 Sold $860,000 -3.9% $406 / Sq Ft
08/19/2018 08/19/18 Pending -- -- --
08/19/2018 08/19/18 Price Changed $895,000 -5.8% $423 / Sq Ft
07/13/2018 07/13/18 For Sale $950,000 +65.2% $449 / Sq Ft
08/15/2012 08/15/12 Sold $575,000 -4.0% $319 / Sq Ft View Prior Sale
06/28/2012 06/28/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $599,000 -- $333 / 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 $10,317 $959,341 $613,533 $345,808
2024 $10,129 $940,531 $601,503 $339,028
2023 $10,129 $922,090 $589,709 $332,381
2022 $9,493 $904,011 $578,147 $325,864
2021 $9,340 $886,286 $566,811 $319,475
2020 $9,244 $877,200 $561,000 $316,200
2019 $9,146 $860,000 $550,000 $310,000
2018 $6,673 $622,296 $432,903 $189,393
2017 $6,542 $610,095 $424,415 $185,680
2016 $6,338 $598,134 $416,094 $182,040
2015 $6,241 $589,150 $409,844 $179,306
2014 $5,729 $577,610 $401,816 $175,794
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC18171702

California Regional Multiple Listing Service (CRMLS)

APN: 066-133-004