NOT LISTED FOR SALE

731 Piney Way Morro Bay, CA 93442

Estimated Value: $880,800 - $1,140,000

2 Beds
2.5 Baths
1,475 Sq Ft
$360/mo HOA Fee

Last Sold August 11, 2022

Last sale price $789,000 $535 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,156/month

9 Days on Market

Highlights

  • Ocean View
  • Deck
  • L-Shaped Dining Room
  • Del Mar Elementary School Rated A-
  • Main Floor Primary Bedroom
  • 5-minute walk to Coleman Park

About This Home

As of August 2022

Ideal Location, Ocean Views, Luxurious, Oversized 2 car garage, and Exclusive Gated Community! Rare opportunity to own a well built & maintained luxury condo just blocks from restaurants, shopping, movie theater, and the Embarcadero! Expansive one level floor plan with 2 primary suites on each side of the condo. Indoor laundry, additional half bathroom for guests, and amazing private deck to soak in the sun, whale watching, and clean coastal air! Updated interior, newer flooring, blinds, and remodeled kitchen with stainless steel appliances. Better hurry at this price!

Last Agent to Sell the Property

Tim Riley

Century 21 Masters License #01280227 Listed on: 07/16/2022

Last Buyer's Agent

Marc Canigiula

Keller Williams Realty Central Coast License #01358405

Keller Williams Realty Central Coast

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,894

Year Built

  • Built in 1993

Lot Details

  • Two or More Common Walls

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available

Property Views

  • Ocean
  • Bay
  • City Lights

Home Design

  • Raised Foundation
  • Clay Roof
  • Stucco

Interior Spaces

  • 1,475 Sq Ft Home
  • Gas Fireplace
  • Double Pane Windows
  • L-Shaped Dining Room
  • Laminate Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting

Utilities

  • Forced Air Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 066125018

Community Details

Overview

  • 16 Units
  • Alta Morro HOA, Phone Number (805) 602-9091
  • Alta Morro HOA
  • Morro Heights Subdivision
  • Maintained Community

Security

  • Resident Manager or Management On Site
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,894

Year Built

Built in 1993

Lot Details

0

HOA Fees

$360 per month

Parking

2

Listing Details

  • Structure Type: Multi Family
  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Morro Heights(810)
  • View: Yes
  • Zoning: CON,R
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Parcel Number: 066125018
  • Year Built: 1993
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1475.00 Square Feet
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: Dining Ell
  • Fireplace Features: Gas
  • Levels: One
  • Price Per Square Foot: 534.92
  • Room Type: Main Floor Master Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • View: Bay, City Lights, Ocean
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • 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, Disposal
  • Heating Type: Forced Air
  • Laundry Features: Gas Dryer Hookup, Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Maintenance Grounds, Trash, Management, Controlled Access
  • Association Fee: 360.00
  • Association Fee Frequency: Monthly
  • Association Name: Alta Morro HOA
  • Phone: 805-602-9091
  • Senior Community: No
  • Common Interest: Condominium
  • Community Features: Curbs, Street Lights
  • Association Management: Alta Morro

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Paved
  • Lot Size Sq Ft: 1477.00
  • Lot Size Acres: 0.0339

Multi Family

  • Lease Considered: No
  • Lot Size Area: 1477.0000 Square Feet
  • Number Of Units In Community: 16
  • Number Of Units Total: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2022
Closed on
Aug 8, 2022
Sold by
Ann Perry Lori
Bought by
Srinivasan Umha Mahesh and Bhaghavan Rupa
Seller's Agent
Tim Riley
Century 21 Masters
Buyer's Agent
Marc Canigiula
Keller Williams Realty Central Coast
List Price
$799,000
Sold Price
$789,000
Premium/Discount to List
-$10,000
-1.25%
Current Estimated Value
$965,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,700
Avg. Annual Appreciation
6.48%

Purchase Details

Listed on
Jan 15, 2012
Closed on
Jun 25, 2012
Sold by
Perry Michael
Bought by
Perry Lori Ann
Seller's Agent
Donald Hudson
Re/Max Pines by the Sea
Buyer's Agent
Phyllis Carruthers
BHGRE HAVEN PROPERTIES
List Price
$420,000
Sold Price
$360,000
Premium/Discount to List
-$60,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.06%

Purchase Details

Listed on
Jan 15, 2012
Closed on
Jun 21, 2012
Sold by
Burress John H and Burress Jean L
Bought by
Perry Lori Ann
Seller's Agent
Donald Hudson
Re/Max Pines by the Sea
Buyer's Agent
Phyllis Carruthers
BHGRE HAVEN PROPERTIES
List Price
$420,000
Sold Price
$360,000
Premium/Discount to List
-$60,000
-14.29%

Purchase Details

Closed on
Jun 3, 2009
Sold by
Burress John H and Burress Jean L
Bought by
Burress John H and Burress Jean L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,000
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 13, 2003
Sold by
Burress John H and Burress Jean L
Bought by
Burress John H and Burress Jean L

Purchase Details

Closed on
Jul 14, 1999
Sold by
Needham Warren
Bought by
Burress John and Burress Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,000
Interest Rate
2.95%

Purchase Details

Closed on
Jun 19, 1995
Sold by
Thompson Donald L and Thompson Kay A
Bought by
Needham Warren and Needham Pamela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,900
Interest Rate
7.9%
Mortgage Type
Seller Take Back
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
Srinivasan Umha Mahesh $789,000 Placer Title
Perry Lori Ann -- Fidelity National Title Co
Perry Lori Ann $360,000 Fidelity National Title Co
Burress John H -- Chicago Title Company
Burress John H -- --
Burress John H -- --
Burress John $247,500 First American Title
Needham Warren $200,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burress John H $322,000
Previous Owner Burress John $198,000
Previous Owner Needham Warren $49,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/11/2022 08/11/22 Sold $789,000 -1.3% $535 / Sq Ft
07/25/2022 07/25/22 Pending -- -- --
07/16/2022 07/16/22 For Sale $799,000 +121.9% $542 / Sq Ft
06/29/2012 06/29/12 Sold $360,000 -7.7% $244 / Sq Ft View Prior Sale
06/12/2012 06/12/12 Pending -- -- --
05/24/2012 05/24/12 Price Changed $389,950 -2.5% $264 / Sq Ft
05/08/2012 05/08/12 Price Changed $399,950 -3.6% $271 / Sq Ft
04/26/2012 04/26/12 Price Changed $415,000 -1.2% $281 / Sq Ft
01/15/2012 01/15/12 For Sale $420,000 -- $285 / 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 $8,894 $820,875 $431,766 $389,109
2024 $8,733 $804,780 $423,300 $381,480
2023 $8,733 $789,000 $415,000 $374,000
2022 $4,435 $426,092 $236,718 $189,374
2021 $4,363 $417,738 $232,077 $185,661
2020 $4,392 $413,456 $229,698 $183,758
2019 $4,346 $405,350 $225,195 $180,155
2018 $4,261 $397,403 $220,780 $176,623
2017 $4,178 $389,611 $216,451 $173,160
2016 $4,096 $381,972 $212,207 $169,765
2015 $4,033 $376,235 $209,020 $167,215
2014 $3,703 $368,866 $204,926 $163,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC22154867

California Regional Multiple Listing Service (CRMLS)

APN: 066-125-018