NOT LISTED FOR SALE

987 Balboa St Morro Bay, CA 93442

Estimated Value: $747,000 - $833,000

1 Bed
1 Bath
930 Sq Ft
$858/Sq Ft Est. Value

Last Sold April 17, 2013

Last sale price $320,000 $344 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $4,702/month

60 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • No HOA
  • Del Mar Elementary School Rated A-
  • L-Shaped Dining Room
  • Breakfast Bar

About This Home

As of April 2013

Very cute and large one bedroom, one bath Morro Heights home. This is a Fannie Mae Property and is approved for HomePath Mortgage Financing. Qualified owner occupants can purchase this property with as little as 3% down.

Last Agent to Sell the Property

Kirk Najarian

West Coast Properties License #01188188 Listed on: 01/04/2013

Last Buyer's Agent

John Gonyer

Coldwell Banker Kellie & Assoc License #01237989

Coldwell Banker Kellie & Assoc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,269

Year Built

  • Built in 1953

Lot Details

  • 5,009 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Paved or Partially Paved Lot
  • Lot Sloped Down

Home Design

  • Raised Foundation
  • Shingle Roof

Interior Spaces

  • 930 Sq Ft Home
  • L-Shaped Dining Room
  • Laminate Flooring
  • Property Views

Kitchen

  • Breakfast Bar
  • Gas Oven or Range

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Parking

  • Parking Available
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 066082017

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,269

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Subdivision Name Other: Morro Heights
  • View: Yes
  • Zoning: R
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066082017
  • Year Built: 1953
  • Special Features: None

Interior Features

  • Living Area: 930.00
  • Flooring: Laminate
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 1
  • Eating Area: Breakfast Counter / Bar, Dining Ell
  • Levels: One
  • Price Per Square Foot: 344.09
  • Room Type: Main Floor Master Bedroom

Exterior Features

  • Patio: Yes
  • Foundation: Raised
  • Fence: Yes
  • Fencing: Privacy
  • Patio And Porch Features: Deck
  • Roof: Shingle

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available, Sewer Available, Phone Connected
  • Heating: Yes
  • Appliances: Gas Cooking
  • Heating Type: Forced Air, Natural Gas
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Sloped Down, Paved
  • Lot Size Sq Ft: 5009.00
  • Lot Size Acres: 0.1150

Multi Family

  • Lot Size Area: 5009.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2013
Closed on
Apr 15, 2013
Sold by
Federal National Mortgage Association
Bought by
Olenik Justin David and Olenik Elizabeth
Seller's Agent
Kirk Najarian
West Coast Properties
Buyer's Agent
John Gonyer
Coldwell Banker Kellie & Assoc
List Price
$339,000
Sold Price
$320,000
Premium/Discount to List
-$19,000
-5.6%
Current Estimated Value
$797,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$477,667
Avg. Annual Appreciation
7.56%
Original Mortgage
$288,000
Interest Rate
3.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 6, 2012
Sold by
Torgerson Laura Ann
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Aug 24, 2010
Sold by
Torgerson Laura Ann
Bought by
Torgerson Laura Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,500
Interest Rate
4.35%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 2008
Sold by
Torgerson Laura Ann
Bought by
Torgerson Laura Ann

Purchase Details

Closed on
Oct 11, 1999
Sold by
Dominguez Mike T and Dominguez Dolores Angie
Bought by
Torgerson Laura Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,941
Interest Rate
7.75%
Mortgage Type
FHA
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
Olenik Justin David $320,000 Lawyers Title Insurance Corp
Federal National Mortgage Association $335,267 Accommodation
Torgerson Laura Ann -- Placer Title
Torgerson Laura Ann -- None Available
Torgerson Laura Ann $155,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olenik Justin David $225,000
Closed Olenik Justin David $288,000
Previous Owner Torgerson Laura Ann $328,500
Previous Owner Torgerson Laura A $47,500
Previous Owner Torgerson Laura A $335,000
Previous Owner Torgerson Laura Ann $127,763
Previous Owner Torgerson Laura Ann $100,000
Previous Owner Torgerson Laura Ann $143,400
Previous Owner Torgerson Laura Ann $31,000
Previous Owner Torgerson Laura Ann $145,500
Previous Owner Torgerson Laura Ann $32,000
Previous Owner Torgerson Laura Ann $141,941
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2013 04/17/13 Sold $320,000 +3.3% $344 / Sq Ft
03/05/2013 03/05/13 Pending -- -- --
02/22/2013 02/22/13 Price Changed $309,900 -8.6% $333 / Sq Ft
02/21/2013 02/21/13 Price Changed $339,000 0.0% $365 / Sq Ft
02/21/2013 02/21/13 For Sale $339,000 -10.8% $365 / Sq Ft
02/14/2013 02/14/13 Pending -- -- --
01/04/2013 01/04/13 For Sale $379,900 -- $408 / 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 $4,269 $394,044 $277,065 $116,979
2024 $4,192 $386,319 $271,633 $114,686
2023 $4,192 $378,745 $266,307 $112,438
2022 $3,929 $371,320 $261,086 $110,234
2021 $3,867 $364,040 $255,967 $108,073
2020 $3,827 $360,308 $253,343 $106,965
2019 $3,788 $353,244 $248,376 $104,868
2018 $3,713 $346,318 $243,506 $102,812
2017 $3,641 $339,529 $238,732 $100,797
2016 $3,569 $332,872 $234,051 $98,821
2015 $3,515 $327,873 $230,536 $97,337
2014 $3,227 $321,452 $226,021 $95,431
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC192474

California Regional Multiple Listing Service (CRMLS)

APN: 066-082-017