NOT LISTED FOR SALE

624 Bay Ave Morro Bay, CA 93442

Estimated Value: $878,510 - $1,484,000

4 Beds
1.5 Baths
1,500 Sq Ft
$751/Sq Ft Est. Value

Last Sold February 07, 2014

Last sale price $440,000 $293 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $6,617/month

121 Days on Market

Highlights

  • Ocean View
  • Attached Guest House
  • Corner Lot
  • Del Mar Elementary School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of February 2014

Morro Bay mid century charmer with guest house. This Morro Heights home is just waiting to be restored to it's former glory. An ocean view with this 4 br 2 ba home that sits on a corner lot. The downstairs could be a large workshop or restored to living space. A freestanding 500 sq. ft. guest house (925 Marina St.) has a small kitchen and indoor laundry and can bring in rental income. Come see the potential!

Last Agent to Sell the Property

Bob Bennett

Horizon Realty & Property Mgt License #01875031 Listed on: 09/16/2013

Last Buyer's Agent

Gerald Gregory

Baywood Realty License #00837003

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,767

Year Built

  • Built in 1957

Lot Details

  • 4,879 Sq Ft Lot
  • Corner Lot

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • Ocean Views
  • Electric Cooktop
  • Laundry Room

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • Parking Available
  • Driveway

Additional Features

  • Attached Guest House
  • Wall Furnace

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066085003

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,767

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Subdivision Name Other: Morro Heights(810)
  • View: Yes
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066085003
  • Year Built: 1957
  • Special Features: None

Interior Features

  • Living Area: 1500.00
  • Flooring: Vinyl, Wood
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Levels: Two
  • Price Per Square Foot: 293.33

Exterior Features

  • Foundation: Slab
  • Other Structures: Guest House Attached
  • View: Ocean
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Electric Cooking
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Corner Lot
  • Lot Size Sq Ft: 4879.00
  • Lot Size Acres: 0.1120

Multi Family

  • Lot Size Area: 4879.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2013
Closed on
Jan 23, 2014
Sold by
Smith Nelson K
Bought by
Lewis Marc E and Mcdonald Pam
Seller's Agent
Bob Bennett
Horizon Realty & Property Mgt
Buyer's Agent
Gerald Gregory
Baywood Realty
List Price
$535,000
Sold Price
$440,000
Premium/Discount to List
-$95,000
-17.76%
Current Estimated Value
$1,126,128

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$686,128
Avg. Annual Appreciation
8.47%
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
Lewis Marc E $440,000 First American Title Company
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2014 02/07/14 Sold $440,000 -11.8% $293 / Sq Ft
01/15/2014 01/15/14 Pending -- -- --
10/28/2013 10/28/13 Price Changed $499,000 -6.7% $333 / Sq Ft
09/16/2013 09/16/13 For Sale $535,000 -- $357 / 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 $5,767 $539,369 $306,461 $232,908
2024 $5,661 $528,794 $300,452 $228,342
2023 $5,661 $518,426 $294,561 $223,865
2022 $5,305 $508,262 $288,786 $219,476
2021 $5,219 $498,297 $283,124 $215,173
2020 $5,165 $493,188 $280,221 $212,967
2019 $5,109 $483,519 $274,727 $208,792
2018 $5,008 $474,040 $269,341 $204,699
2017 $4,908 $464,746 $264,060 $200,686
2016 $4,810 $455,634 $258,883 $196,751
2015 $4,736 $448,791 $254,995 $193,796
2014 $863 $85,968 $17,381 $68,587
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC200976

California Regional Multiple Listing Service (CRMLS)

APN: 066-085-003