NOT LISTED FOR SALE

651 Bay Ave Morro Bay, CA 93442

Estimated Value: $778,000 - $1,125,000

5 Beds
2 Baths
1,840 Sq Ft
$543/Sq Ft Est. Value

Last Sold February 11, 2016

Last sale price $625,000 $340 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $6,102/month

1 Day on Market

Highlights

  • Laundry Room
  • Shed
  • Paved or Partially Paved Lot
  • Del Mar Elementary School Rated A-
  • Forced Air Heating System

About This Home

As of February 2016

Marketing Remarks: Some water views- Good income units in desirable Morro Bay Heights.Three bedroom upstairs, two bedroom downstairs and a two car garage w/storage.Large patio area and offstreet parking

Last Agent to Sell the Property

Leslie Lee

Leslie Lee, Broker License #01218232 Listed on: 12/23/2015

Last Buyer's Agent

Leslie Lee

Leslie Lee, Broker License #01218232 Listed on: 12/23/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,939

Year Built

  • Built in 1951

Lot Details

  • 5,401 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 1,840 Sq Ft Home
  • Flat Roof Shape
  • Slab Foundation
  • Tar and Gravel Roof

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Cable TV Available

Additional Features

  • Laundry Room
  • Shed

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 066159013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,939

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Subdivision Name Other: Morro Heights(810)
  • Zoning: R
  • Property Type: Residential Income
  • Parcel Number: 066159013
  • Year Built: 1951
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 339.67

Exterior Features

  • Foundation: Slab
  • Other Structures: Shed(s)
  • Roof: Flat, Tar/Gravel

Utilities

  • Utilities: Cable Available, Phone Connected
  • Laundry: Yes
  • Heating Type: Forced Air, Wall Furnace

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Level with Street, Paved
  • Lot Size Sq Ft: 5401.00
  • Lot Size Acres: 0.1200

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Lot Size Area: 0.1200 Acres
  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2015
Closed on
Jan 4, 2016
Sold by
Lavenia Charles and Lavenia Yvonne
Bought by
Wagner Robert
Seller's Agent
Leslie Lee
Leslie Lee, Broker
Buyer's Agent
Leslie Lee
Leslie Lee, Broker
List Price
$625,000
Sold Price
$625,000
Current Estimated Value
$998,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$373,484
Avg. Annual Appreciation
5.03%
Original Mortgage
$400,000
Interest Rate
3.98%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 2, 1997
Sold by
Boulgarides James D and Boulgarides Wanda W
Bought by
Lavenia Charles and Lavenia Yvonne
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
Wagner Robert $625,000 Fidelity National Title Co
Lavenia Charles -- First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Robert $425,000
Closed Wagner Robert $400,000
Closed Wagner Robert $400,000
Previous Owner Lavenia Charles $151,000
Previous Owner Lavenia Charles $172,700
Previous Owner Lavenia Charles $154,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2016 02/11/16 Sold $625,000 0.0% $340 / Sq Ft
12/24/2015 12/24/15 Pending -- -- --
12/23/2015 12/23/15 For Sale $625,000 -- $340 / 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 $7,939 $739,867 $414,325 $325,542
2024 $7,794 $725,360 $406,201 $319,159
2023 $7,794 $711,138 $398,237 $312,901
2022 $7,304 $697,195 $390,429 $306,766
2021 $7,186 $683,525 $382,774 $300,751
2020 $7,112 $676,518 $378,850 $297,668
2019 $7,052 $663,254 $371,422 $291,832
2018 $6,972 $650,250 $364,140 $286,110
2017 $6,836 $637,500 $357,000 $280,500
2016 $2,444 $227,932 $101,152 $126,780
2015 $2,407 $224,509 $99,633 $124,876
2014 $2,210 $220,112 $97,682 $122,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1061882

California Regional Multiple Listing Service (CRMLS)

APN: 066-159-013