NOT LISTED FOR SALE

895 Monterey Ave Morro Bay, CA 93442

Estimated Value: $929,416 - $1,254,000

4 Beds
2 Baths
1,800 Sq Ft
$612/Sq Ft Est. Value

Sale Details

Date Sold: March 6, 2012

Last sale price $450,000 $250 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $6,193 / mo

182 Days on Market

Highlights

  • 17,424 Acre Lot
  • Corner Lot
  • Floor Furnace
  • Del Mar Elementary School Rated A-
  • Laundry Room
  • 1-minute walk to Coleman Park

About This Home

As of March 2012

Marketing Remarks: Great downtown corner commercial/residential .40 acre lot. There is currently an older duplex on it that is rented for $1700 per month. This is on a very busy corner and has tentative approval for 8 townhouses and 2750 sq. ft. of commercial. This is one of the last large downtown lots available. The price includes APN 066-062-009.

Last Agent to Sell the Property

Kirk Najarian

West Coast Properties License #01188188 Listed on: 08/18/2011

Last Buyer's Agent

Frankie Ciano

Ciano Real Estate, Inc. License #01412309

Property Details

Home Type

  • Multi-Family

Lot Details

  • 17,424 Acre Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 1,800 Sq Ft Home
  • Home Under Construction
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Stucco

Parking

  • Parking Available
  • On-Site Parking

Additional Features

  • Laundry Room
  • Rain Gutters
  • Floor Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 066062008

Property Details

Home Type

Multi-Family

Lot Details

17,424 Acres

Listing Details

  • Zoning: COMR
  • Property Condition: Under Construction
  • Property Type: Residential Income
  • Parcel Number: 066062008
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: One
  • Price Per Square Foot: 250.00

Exterior Features

  • Foundation: Raised
  • Roof: Composition, Shingle
  • Construction Materials: Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: On Site

Utilities

  • Laundry: Yes
  • Heating Type: Floor Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs, Gutters

Lot Info

  • Lot Features: Level with Street, Paved, Corner Lot
  • Lot Size Sq Ft: 758989440.00
  • Lot Size Acres: 17424.0000

Rental Info

  • Tenant Pays: Electricity, Gas, Trash Collection, Water

Multi Family

  • Lot Size Area: 17424.0000 Acres
  • Number Of Units Total: 2
  • Operating Expense: 6582.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2011
Closed on
Feb 24, 2012
Sold by
Woolley Don A and Woodley Sandra L
Bought by
Ciano Frank J and Ciano Sandy E
Seller's Agent
Kirk Najarian
West Coast Properties
Buyer's Agent
Frankie Ciano
Ciano Real Estate, Inc.
List Price
$575,000
Sold Price
$450,000
Premium/Discount to List
-$125,000
-21.74%
Current Estimated Value
$1,101,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$651,805
Avg. Annual Appreciation
6.54%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ciano Frank J $450,000 Fidelity National Title Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/06/2012 03/06/12 Sold $450,000 -21.7% $250 / Sq Ft
02/16/2012 02/16/12 Pending -- -- --
08/18/2011 08/18/11 For Sale $575,000 -- $319 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $4,208 $388,411 $200,964 $187,447
2024 $4,132 $380,796 $197,024 $183,772
2023 $4,132 $373,330 $193,161 $180,169
2022 $3,873 $366,011 $189,374 $176,637
2021 $3,812 $358,835 $185,661 $173,174
2020 $3,773 $355,157 $183,758 $171,399
2019 $3,734 $348,194 $180,155 $168,039
2018 $3,660 $341,368 $176,623 $164,745
2017 $3,589 $334,675 $173,160 $161,515
2016 $3,413 $318,310 $169,765 $148,545
2015 $3,361 $313,529 $167,215 $146,314
2014 $3,086 $307,388 $163,940 $143,448
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC179504

California Regional Multiple Listing Service (CRMLS)

APN: 066-062-008

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