NOT LISTED FOR SALE

980 Monterey Ave Morro Bay, CA 93442

Estimated Value: $914,000 - $1,394,000

3 Beds
3 Baths
1,672 Sq Ft
$646/Sq Ft Est. Value

Last Sold November 21, 2012

Last sale price $415,000 $248 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $6,338/month

15 Days on Market

Highlights

  • Corner Lot
  • Heating System Uses Natural Gas
  • 4-minute walk to Coleman Park
  • Del Mar Elementary School Rated A-

About This Home

As of November 2012

Marketing Remarks: Location, Location and Location! This two story triplex is on a few blocks from Morro Bay business district and Morro Bay Harbor area. All three units have 1 bedroom and 1 bathroom. there is 2 units downstairs and 1 unit upstairs. The upstairs unit has great views of the Morro Rock and sunsets. Excellent rental history and income.

Last Agent to Sell the Property

Gerald Gregory

Baywood Realty License #00837003 Listed on: 10/07/2012

Last Buyer's Agent

Wendy Langston

Langston Real Estate License #01326794

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,537

Year Built

  • Built in 1950

Lot Details

  • 3,877 Sq Ft Lot
  • Corner Lot
  • Paved or Partially Paved Lot
  • Level Lot

Home Design

  • 1,672 Sq Ft Home
  • Slab Foundation
  • Tar and Gravel Roof

Parking

  • Parking Available
  • On-Street Parking

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Community Details

  • 3 Units

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 066063001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,537

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Zoning: R2
  • Property Type: Residential Income
  • Parcel Number: 066063001
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Levels: Two
  • Price Per Square Foot: 248.21

Exterior Features

  • Foundation: Slab
  • Roof: Tar/Gravel

Garage/Parking

  • Parking: Yes
  • Parking Features: Street

Utilities

  • Heating Type: Electric, Natural Gas, Wall Furnace

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: Level with Street, Paved, Corner Lot
  • Lot Size Sq Ft: 3877.00
  • Lot Size Acres: 0.0800

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • Lot Size Area: 0.0800 Acres
  • Number Of Units Total: 3
  • Operating Expense: 3600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2015
Sold by
Seib Jeffrey J
Bought by
Seib Jeffrey J and Jeffrey J Seib Declaration Of
Current Estimated Value
$1,080,780

Purchase Details

Listed on
Oct 7, 2012
Closed on
Oct 22, 2012
Sold by
Spera Edmond M and Edmond M Spera Trust
Bought by
Seib Jeffrey J
Seller's Agent
Gerald Gregory
Baywood Realty
Buyer's Agent
Wendy Langston
Langston Real Estate
List Price
$412,900
Sold Price
$415,000
Premium/Discount to List
$2,100
0.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%

Purchase Details

Closed on
May 7, 2003
Sold by
Spera Edmond M
Bought by
Spera Edmond M and Edmond M Spera Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 31, 2001
Sold by
Spera Ed
Bought by
Spera Edmond M and The Edmond M Spera Trust

Purchase Details

Closed on
Mar 18, 1999
Sold by
Hannibal Richard C
Bought by
Spera Ed

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,800
Interest Rate
7.1%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Seib Jeffrey J -- None Available
Seib Jeffrey J $415,000 First American Title Company
Spera Edmond M -- Cuesta Title Company
Spera Edmond M -- Cuesta Title Company
Spera Edmond M -- --
Spera Ed $232,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spera Edmond M $245,000
Previous Owner Spera Edmond M $206,000
Previous Owner Spera Ed $208,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2012 11/21/12 Sold $415,000 +0.5% $248 / Sq Ft
10/22/2012 10/22/12 Pending -- -- --
10/07/2012 10/07/12 For Sale $412,900 -- $247 / 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 $5,537 $511,029 $338,635 $172,394
2024 $5,437 $501,010 $331,996 $169,014
2023 $5,437 $491,187 $325,487 $165,700
2022 $5,096 $481,556 $319,105 $162,451
2021 $5,015 $472,115 $312,849 $159,266
2020 $4,964 $467,275 $309,642 $157,633
2019 $4,912 $458,114 $303,571 $154,543
2018 $4,816 $449,132 $297,619 $151,513
2017 $4,721 $440,327 $291,784 $148,543
2016 $4,629 $431,694 $286,063 $145,631
2015 $4,558 $425,211 $281,767 $143,444
2014 $4,186 $416,883 $276,248 $140,635
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2012

    Gerald Gregory

    Baywood Realty

  • Wendy Langston

    Buyer's Agent in 2012

    Wendy Langston

    Langston Real Estate

    (805) 801-6868

    1 in this area

    18 Total Sales

    Wendy Langston
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC190523

California Regional Multiple Listing Service (CRMLS)

APN: 066-063-001

California San Luis Obispo County Morro Bay 93442

980 Monterey Ave, Morro Bay, CA

This home is located at 980 Monterey Ave, Morro Bay, CA 93442 since 07 October 2012 and is currently estimated at $1,080,780, approximately $646 per square foot. This property was built in 1950. 980 Monterey Ave is a home located in San Luis Obispo County with nearby schools including Del Mar Elementary School, Los Osos Middle School, and Morro Bay High School.

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California Regional Multiple Listing Service (CRMLS) 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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