Seller's Agent in 2023
Jack Franklin
Franklin Real Estate & Rentals
(805) 459-3055
7 in this area
11 Total Sales
695 Olive St Morro Bay, CA 93442
3
Beds
2
Baths
1,648
Sq Ft
6,300
Sq Ft Lot
Highlights
- Ocean View
- Golf Course Community
- Bonus Room
- Del Mar Elementary School Rated A-
- Main Floor Primary Bedroom
- Corner Lot
About This Home
As of February 2023Check out this property with two homes on a corner lot in the heights of Morro Bay. The main house has 2 bedrooms, 1 bath, with hardwood floors in the living room, bonus room, and both bedrooms. Both the large kitchen and bath have vinyl flooring. The home features a nice fireplace and has an ocean view deck off the kitchen, and a downstairs workshop, storage room, and laundry room. For those that have an artistic touch the home could use a new coat of paint inside and out and new vinyl flooring in the kitchen and bathroom. There is lots of space to putter in the two-car detached garage, or in the professionally designed landscape with an herbal garden. It also has a separate front yard patio deck for entertaining your neighbors. The other home has 1 bedroom, 1 bath, it's quaint and clean with a nice ocean view deck, a new roof, a new hot water heater, and the exterior was freshly painted also. Both homes are tenant occupied on a month-to-month tenancy with total rents of $2,800 per month. The property is perfect for a retired couple to enjoy and have additional income to pay for taxes, insurance, and upkeep or keep as an investment rental property. Within walking distance to Morro Bay's famous Embarcadero, a short drive to Hearst Castle, the north county with over 432 wineries, and the Mission of San Luis Obispo.
Last Agent to Sell the Property
Franklin Real Estate & Rentals License #00426210 Listed on: 12/16/2022
Home Details
Home Type
- Single Family
Year Built
- Built in 1952
Lot Details
- 6,300 Sq Ft Lot
- Corner Lot
- Property is zoned R2
Parking
- 2 Car Garage
Property Views
- Ocean
- Marina
- Bay
- Rock
Interior Spaces
- 1,648 Sq Ft Home
- Entryway
- Living Room with Fireplace
- Bonus Room
- Basement
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom on Main
- All Upper Level Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Laundry Room
- Gas Dryer Hookup
Listing and Financial Details
- Legal Lot and Block 8 / F
- Assessor Parcel Number 066187005
Community Details
Overview
- No Home Owners Association
- Morro Heights Subdivision
Recreation
- Golf Course Community
- Park
- Water Sports
- Hiking Trails
- Bike Trail
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/01/2023 02/01/23 | Sold | $911,780 | -7.4% | $553 / Sq Ft |
| 01/01/2023 01/01/23 | Pending | -- | -- | -- |
| 12/16/2022 12/16/22 | For Sale | $985,000 | -- | $598 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $10,275 | $948,324 | $572,220 | $376,104 |
| 2024 | $4,186 | $929,730 | $561,000 | $368,730 |
| 2023 | $4,186 | $378,215 | $249,895 | $128,320 |
| 2022 | $3,924 | $370,800 | $244,996 | $125,804 |
| 2021 | $3,862 | $363,531 | $240,193 | $123,338 |
| 2020 | $3,822 | $359,805 | $237,731 | $122,074 |
| 2019 | $3,782 | $352,751 | $233,070 | $119,681 |
| 2018 | $3,708 | $345,835 | $228,500 | $117,335 |
| 2017 | $3,636 | $339,055 | $224,020 | $115,035 |
| 2016 | $1,996 | $186,170 | $87,497 | $98,673 |
| 2015 | $1,966 | $183,374 | $86,183 | $97,191 |
| 2014 | $1,805 | $179,783 | $84,495 | $95,288 |
Source: Public Records
Agents Affiliated with this Home
-
Jack Franklin
-
Sarah Diggs
Buyer's Agent in 2023
Sarah Diggs
Vintage Investment Properties
(805) 215-2335
1 in this area
5 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC22256766
APN: 066-187-005
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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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