Seller's Agent in 2018
Sherry PeckHoon Sim
SIM Real Estate
(805) 234-4315
9 in this area
33 Total Sales
780 Piney Way Morro Bay, CA 93442
Estimated Value: $1,082,324
4
Beds
3
Baths
1,878
Sq Ft
$576/Sq Ft
Est. Value
Highlights
- Bay View
- Corner Lot
- Tile Flooring
- Del Mar Elementary School Rated A-
- Laundry Room
- 5-minute walk to Coleman Park
About This Home
As of May 2018Situated in heart of Morro Bay business district, the 3-unit mixed used/commercial building comprises approx. 1,023 sq. ft. of office space featuring a beautiful conference room, reception area, private office, full kitchen and bath. The front exterior is nicely landscaped and entry kept private via a fully enclosed front patio.
At back are two one-bedroom apartments completed in 1998. The back units are accessible via the back enclosed patio or through back of kitchen from the office. Both apartments are similar in layout. Each features about 409 sq. ft. and is equipped with a kitchenette and full bath. One is situated on the lower level while the other is on the 2nd level and offers partial ocean views through the living area and deck. Owner may carry.
Last Agent to Sell the Property
SIM Real Estate License #01385503 Listed on: 02/02/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,616
Year Built
- Built in 1951
Lot Details
- 4,639 Sq Ft Lot
- No Common Walls
- Wood Fence
- Corner Lot
- Paved or Partially Paved Lot
- Level Lot
Parking
- 2 Open Parking Spaces
- 3 Car Garage
- Parking Available
- Three Garage Doors
- Driveway
- Parking Lot
- Off-Street Parking
- RV Potential
Home Design
- Shingle Roof
Interior Spaces
- 1,878 Sq Ft Home
- 2-Story Property
- Bay Views
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Laundry in Garage
- Washer Hookup
Outdoor Features
- Exterior Lighting
- Rain Gutters
Utilities
- Forced Air Heating System
- Wall Furnace
- Phone System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 066073002
Community Details
Overview
- 3 Units
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Insurance Expense $1,200
- Trash Expense $700
- Water Sewer Expense $1,100
- New Taxes Expense $1,800
- Operating Expense $4,800
- Gross Income $48,000
- Net Operating Income $43,200
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2017
Closed on
May 14, 2018
Sold by
Cook Charles Randall and Cook Lorena J
Bought by
Schmall Kathy and Schmall Family Trust
Seller's Agent
Sherry PeckHoon Sim
SIM Real Estate
Buyer's Agent
Jeff Elmerick
Horizon Realty & Property Mgt
List Price
$799,000
Sold Price
$780,000
Premium/Discount to List
-$19,000
-2.38%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,324
Avg. Annual Appreciation
4.50%
Original Mortgage
$500,000
Outstanding Balance
$430,517
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$651,807
Purchase Details
Closed on
Nov 8, 2002
Sold by
Cook Charles Randall and Cook Lorena June
Bought by
Cook Charles Randall and Cook Lorena J
Purchase Details
Closed on
Nov 18, 1997
Sold by
Morosin Michael Keith and Michael Keith Morosin Living R
Bought by
Morosin Michael Keith and Morosin Rose Chan
Purchase Details
Closed on
Feb 7, 1994
Sold by
Patterson Della H
Bought by
Patterson Della H and Patterson Living Revocable Tru
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Schmall Kathy | $780,000 | Fidelity National Title Co | |
| Cook Charles Randall | -- | -- | |
| Morosin Michael Keith | -- | -- | |
| Patterson Della H | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Schmall Kathy | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/16/2018 05/16/18 | Sold | $780,000 | -2.4% | $415 / Sq Ft |
| 01/26/2018 01/26/18 | Pending | -- | -- | -- |
| 09/26/2017 09/26/17 | For Sale | $799,000 | 0.0% | $425 / Sq Ft |
| 09/14/2017 09/14/17 | Pending | -- | -- | -- |
| 07/25/2017 07/25/17 | Price Changed | $799,000 | -2.0% | $425 / Sq Ft |
| 06/23/2017 06/23/17 | Price Changed | $815,000 | -2.4% | $434 / Sq Ft |
| 02/02/2017 02/02/17 | For Sale | $835,000 | -- | $445 / 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 | $9,616 | $887,503 | $523,399 | $364,104 |
| 2024 | $9,442 | $870,102 | $513,137 | $356,965 |
| 2023 | $9,442 | $853,042 | $503,076 | $349,966 |
| 2022 | $8,850 | $836,316 | $493,212 | $343,104 |
| 2021 | $8,710 | $819,919 | $483,542 | $336,377 |
| 2020 | $8,620 | $811,512 | $478,584 | $332,928 |
| 2019 | $8,531 | $795,600 | $469,200 | $326,400 |
| 2018 | $3,946 | $367,985 | $105,085 | $262,900 |
| 2017 | $3,878 | $361,628 | $103,025 | $258,603 |
| 2016 | $3,820 | $356,273 | $101,005 | $255,268 |
| 2015 | $3,774 | $352,097 | $99,488 | $252,609 |
| 2014 | $3,480 | $346,574 | $97,540 | $249,034 |
Source: Public Records
Agents Affiliated with this Home
-
Sherry PeckHoon Sim
-
Jeff Elmerick
J
Buyer's Agent in 2018
Jeff Elmerick
Horizon Realty & Property Mgt
(805) 772-5657
10 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SC17062734
APN: 066-073-002
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
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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