NOT LISTED FOR SALE

723 Piney Way Unit 3 Morro Bay, CA 93442

Estimated Value: $893,160 - $1,084,000

2 Beds
2 Baths
1,475 Sq Ft
$300/mo HOA Fee

Last Sold July 13, 2017

Last sale price $579,000 $393 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $6,022/month

155 Days on Market

Highlights

  • Ocean View
  • Deck
  • L-Shaped Dining Room
  • Del Mar Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage

About This Home

As of July 2017

Enjoy ocean and rock views from this luxury two bedroom, two bathroom condominium. Located in a gated community near downtown Morro Bay. Excellent floor plan with private ELEVATOR, two master suites with french doors leading to viewing decks, and indoor laundry. Great condition with fresh interior paint, built in cabinetry, and recessed lighting. Two car garage with elevator leading to main floor. Take pleasure in the beach life with this well maintained tuscan style home!

Last Agent to Sell the Property

Frankie Ciano

Ciano Real Estate, Inc. License #01412309 Listed on: 12/05/2016

Last Buyer's Agent

Emily Armet

Avalon Real Estate License #01514027

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,061

Year Built

  • Built in 1993

Lot Details

  • 1,481

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Rock

Home Design

  • Raised Foundation
  • Clay Roof
  • Stucco

Interior Spaces

  • 1,475 Sq Ft Home
  • Wet Bar
  • Gas Fireplace
  • L-Shaped Dining Room
  • Laundry Room

Kitchen

  • Microwave
  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 066125014

Community Details

Overview

  • Alta Morro (Michael) Association, Phone Number (805) 544-9093
  • Maintained Community

Security

  • Security Service
  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,061

Year Built

Built in 1993

Lot Details

0

HOA Fees

$300 per month

Parking

2

Listing Details

  • Property Attached: Yes
  • Subdivision Name Other: Town of El Morro(830)
  • View: Yes
  • Zoning: CON,R
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 066125014
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1475.00 Square Feet
  • Interior Amenities: Wet Bar
  • Flooring: Carpet, Stone
  • Accessibility Features: Accessible Elevator Installed
  • Full Bathrooms: 1
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Fireplace Features: Gas
  • Levels: Two
  • Price Per Square Foot: 392.54
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Ocean, Rocks
  • Patio And Porch Features: Deck, Patio
  • Roof: Clay
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Covered
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Phone Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Microwave, Refrigerator, Trash Compactor
  • Heating Type: Forced Air
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash, Management, Security
  • Association Fee: 300.00
  • Association Fee Frequency: Monthly
  • Association Name: Alta Morro (Michael)
  • Phone: 805-544-9093
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Lot Features: Paved
  • Lot Size Sq Ft: 1477.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2024
Sold by
Armet Robert Lee
Bought by
Shelton William H and Shelton Kristin O
Current Estimated Value
$978,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.04%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 2021
Sold by
Armet Robert Lee
Bought by
Armet Robert Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 8, 2019
Sold by
Armet Bonnie Jean
Bought by
Armet Robert Lee

Purchase Details

Listed on
Dec 5, 2016
Closed on
Jul 12, 2017
Sold by
Armet Robert Lee
Bought by
Armet Robert Lee and Armet Bonnie Jean
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Emily Armet
Avalon Real Estate
List Price
$599,000
Sold Price
$579,000
Premium/Discount to List
-$20,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$424,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2016
Closed on
Jul 10, 2017
Sold by
Armet Bonnie Jean
Bought by
Armet Robert Lee
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Emily Armet
Avalon Real Estate
List Price
$599,000
Sold Price
$579,000
Premium/Discount to List
-$20,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2016
Closed on
May 16, 2017
Sold by
Moreland Stephen C and Moreland Toni A
Bought by
Armet Robert Lee
Seller's Agent
Frankie Ciano
Ciano Real Estate, Inc.
Buyer's Agent
Emily Armet
Avalon Real Estate
List Price
$599,000
Sold Price
$579,000
Premium/Discount to List
-$20,000
-3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
3.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 6, 2008
Sold by
Moreland Terry L
Bought by
Moreland Stephen C and Moreland Toni A

Purchase Details

Closed on
Aug 18, 1999
Sold by
Richardson James Arthur and Richardson Edna Jo
Bought by
Moreland Terry L and Moreland Christine Ann

Purchase Details

Closed on
Sep 21, 1994
Sold by
Glenn Fred L and Glenn Ardel M
Bought by
Richardson James Arthur and Richardson Edna Jo
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
Shelton William H $940,000 Fidelity National Title
Armet Robert Lee -- Fidelity National Title Co
Armet Robert Lee -- None Available
Armet Robert Lee -- None Available
Armet Robert Lee -- Fidelity National Title Co
Armet Robert Lee $579,000 Fidelity National Title Co
Moreland Stephen C $200,000 First American Title Company
Moreland Terry L $264,000 First American Title
Moreland Terry L -- First American Title Ins Co
Moreland Christine Ann -- First American Title Ins Co
Richardson James Arthur $188,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shelton William H $125,000
Previous Owner Armet Robert Lee $460,000
Previous Owner Armet Robert Lee $424,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2017 07/13/17 Sold $579,000 0.0% $393 / Sq Ft
05/09/2017 05/09/17 Pending -- -- --
02/23/2017 02/23/17 Price Changed $579,000 -1.7% $393 / Sq Ft
01/12/2017 01/12/17 Price Changed $589,000 -1.7% $399 / Sq Ft
12/14/2016 12/14/16 For Sale $599,000 0.0% $406 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
12/05/2016 12/05/16 For Sale $599,000 -- $406 / 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 $7,061 $658,797 $335,656 $323,141
2024 $6,931 $645,880 $329,075 $316,805
2023 $6,931 $633,217 $322,623 $310,594
2022 $6,496 $620,802 $316,298 $304,504
2021 $6,391 $608,631 $310,097 $298,534
2020 $6,325 $602,391 $306,918 $295,473
2019 $6,257 $590,580 $300,900 $289,680
2018 $6,148 $579,000 $295,000 $284,000
2017 $5,175 $482,660 $227,461 $255,199
2016 $5,074 $473,197 $223,001 $250,196
2015 $4,996 $466,090 $219,652 $246,438
2014 $3,936 $392,000 $185,000 $207,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC1073367

California Regional Multiple Listing Service (CRMLS)

APN: 066-125-014