NOT LISTED FOR SALE

690 S Ocean Ave Cayucos, CA 93430

Cayucos Neighborhood

Estimated Value: $1,440,957 - $1,836,000

3 Beds
3 Baths
1,823 Sq Ft
$877/Sq Ft Est. Value

Last Sold May 21, 2020

Last sale price $1,040,000 $570 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $9,282/month

About This Home

Two Units. 690 S. Ocean is truly a unique and one of a kind property located in the heart of Cayucos. This home is just one block north of beach access along Pacific Avenue and steps from the quaint Downtown. From the second story deck are commanding views of the Pacific Ocean, the Cayucos coastline, and the city. Architecturally chic and rich with nautical inspired interior elements, it would be impossible to recreate the authenticity, character, and history of this mid-century work of art. The forty by one-hundred foot lot is mostly flat and commercially zoned as Office-Professional. This two-unit property is currently permitted as a 1 Unit Hotel with an attached Owner/Caretaker unit to the right. The current owners reside in the smaller unit and operate a short-term vacation rental business out of the main residence. For over ten-years this property has been enjoyed by numerous guests from around the world, and rated five-stars with 390 reviews. The main residence consists of two bedrooms, a full kitchen, loft sleeping area, living/dining room, open concept den, and balcony. The secondary unit is a one-bedroom with full bath, an open-concept living/dining with full kitchen, and a roof deck with spa and semi-enclosed lounge. There are multiple outdoor spaces with separate hot-tubs and seating areas for each unit to enjoy. This home is perfect for those seeking a genuine piece of Cayucos history with the ability to produce substantial long-term income.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2019
Closed on
Apr 13, 2020
Sold by
Keith Michael Anthony and Keith Jenneke
Bought by
Frankiel Lisa S
Seller's Agent
Farid Shahid
Eighty20 Group
Buyer's Agent
Gail Riley
Dale Kaiser Real Estate
List Price
$1,200,000
Sold Price
$1,040,000
Premium/Discount to List
-$160,000
-13.33%
Current Estimated Value
$1,598,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$558,239
Avg. Annual Appreciation
7.86%
Original Mortgage
$690,000
Outstanding Balance
$610,095
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$988,144

Purchase Details

Closed on
Feb 12, 2005
Sold by
Michie Doug
Bought by
Jenneke Keith Michael Anthony and Jenneke Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 1999
Sold by
Caruso Neal and Wurtz Beverly
Bought by
Michie Douglas C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,764
Interest Rate
7.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 9, 1999
Sold by
Michie Kathleen
Bought by
Michie Douglas C

Purchase Details

Closed on
Jul 17, 1998
Sold by
Caruso Neal S and Wurtz Caruso Beverly
Bought by
Michie Douglas C

Purchase Details

Closed on
Jul 15, 1998
Sold by
Michie Douglas C
Bought by
Caruso Neal S and Wurtz Caruso Beverly

Purchase Details

Closed on
Dec 4, 1997
Sold by
Michie Douglas C
Bought by
Michie Douglas C

Purchase Details

Closed on
Jul 7, 1997
Sold by
Michie Rose M
Bought by
Michie Douglas C

Purchase Details

Closed on
Jan 23, 1996
Sold by
Michie Douglas C and Michie Rose Marie
Bought by
Wurtz Caruso Neal and Wurtz Caruso Beverly

Purchase Details

Closed on
Aug 28, 1995
Sold by
Caruso Neal S and Wurtz Caruso Beverly
Bought by
Caruso Neal S and Wurtz Caruso Beverly

Purchase Details

Closed on
Sep 28, 1994
Sold by
Weir Family Trust
Bought by
Michie Douglas C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frankiel Lisa S $1,040,000 First American Title Company
Jenneke Keith Michael Anthony $499,000 Chicago Title Company
Michie Douglas C $80,000 --
Michie Douglas C -- --
Michie Douglas C $35,000 --
Caruso Neal S $35,000 --
Michie Douglas C -- --
Michie Douglas C -- --
Michie Douglas C -- --
Michie Douglas C -- --
Michie Douglas C -- --
Michie Douglas C -- --
Michie Douglas C -- --
Wurtz Caruso Neal -- --
Michie Douglas C -- --
Caruso Neal S -- --
Michie Douglas C -- --
Michie Douglas C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frankiel Lisa S $690,000
Previous Owner Jenneke Keith Michael Anthony $275,000
Previous Owner Michie Douglas C $33,764
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2020 05/21/20 Sold $1,040,000 -13.3% $570 / Sq Ft View Prior Sale
10/10/2019 10/10/19 For Sale $1,200,000 -- $658 / Sq Ft

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 $11,798 $1,137,388 $820,233 $317,155
2024 $11,671 $1,115,087 $804,150 $310,937
2023 $11,671 $1,093,224 $788,383 $304,841
2022 $11,475 $1,071,789 $772,925 $298,864
2021 $11,317 $1,050,774 $757,770 $293,004
2020 $7,612 $710,471 $509,817 $200,654
2019 $7,461 $696,541 $499,821 $196,720
2018 $7,313 $682,884 $490,021 $192,863
2017 $6,585 $615,000 $440,000 $175,000
2016 $6,583 $615,000 $440,000 $175,000
2015 $6,034 $560,000 $400,000 $160,000
2014 $5,936 $560,000 $400,000 $160,000
Source: Public Records

Agents Affiliated with this Home

  • Farid Shahid

    Seller's Agent in 2020

    Farid Shahid

    Eighty20 Group

    (818) 961-6508

    1 in this area

    69 Total Sales

    Farid Shahid
    Section Image
  • Walker Sotello

    Seller Co-Listing Agent in 2020

    Walker Sotello

    Eighty20 Group

    (805) 781-6040

    53 Total Sales

    Walker Sotello
    Section Image
  • Gail Riley

    Buyer's Agent in 2020

    Gail Riley

    Dale Kaiser Real Estate

    (805) 776-3072

    86 in this area

    126 Total Sales

    Gail Riley
    Section Image
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Map

California San Luis Obispo County Cayucos 93430 Cayucos

690 S Ocean Ave, Cayucos, CA

Not Listed for Sale

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