NOT LISTED FOR SALE

987 Pecho St Morro Bay, CA 93442

Estimated Value: $834,000 - $1,078,731

2 Beds
2.5 Baths
1,684 Sq Ft
$574/Sq Ft Est. Value

Last Sold April 07, 2020

Last sale price $525,000 $312 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,568/month

77 Days on Market

Highlights

  • Fishing
  • View of Hills
  • Main Floor Bedroom
  • Del Mar Elementary School Rated A-
  • Maid or Guest Quarters
  • Bonus Room

About This Home

As of April 2020

This fantastic home is in the most ideal Morro Bay location! Close to the Morro Bay Embarcadero, with charming restaurants and shopping, and the beautiful Pacific Ocean and Morro Strand Beach. This home is positioned in Morro Heights, one of Morro Bay’s most desirable neighborhoods and boasts hillside views. This fantastic single-story, 1,684 sqft, 2 bdrm, 2 bath home, plus attached guest quarters features Central Coast living at it’s finest, starting with a light-filled living room with a unique designer-tile feature wall and plenty of windows to let in the light. The living room opens to the kitchen featuring newer appliances, tile floor and countertops with designer tile backsplash, and a large attached pantry that leads to the generous-sized family room. The family room boasts amazing vaulted open-beam ceilings with gorgeous wood planks, as well as a cozy wood-burning stove with beautiful brick surround. The large family room opens onto a bonus room with built-in cabinetry, perfect for an office, sewing room, or man-cave. This home also offers attached guest quarters, complete with a private entrance, kitchenette, full bathroom, and additional living room with access to the backyard deck, perfect for extended family, or rent it out to earn additional income. This home also features an inside laundry room, and a charming back yard with raised flowerbeds, brick walkways and an expansive deck with hillside views, perfect for relaxing and entertaining with family and friends.

Last Agent to Sell the Property

Joesef Silva-Jackson

SLO Life Realty Group License #01208980 Listed on: 12/19/2019

Last Buyer's Agent

Hailey Chiasson

Navigators Real Estate License #01902464

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1951

Lot Details

  • 4,000 Sq Ft Lot
  • Density is up to 1 Unit/Acre
  • Property is zoned R1

Interior Spaces

  • 1,684 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Bonus Room
  • Utility Room
  • Laundry Room
  • Views of Hills

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Maid or Guest Quarters

Utilities

  • Pellet Stove burns compressed wood to generate heat

Listing and Financial Details

  • Legal Lot and Block 10 / 6
  • Assessor Parcel Number 066164025

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing
  • Water Sports

Home Details

Home Type

Single Family

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Morro Heights (810)
  • View: Yes
  • Zoning: R1
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 066164025
  • Year Built: 1951
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 1684.00 Square Feet
  • Stories: 1
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Family Room, Pellet Stove, Wood Burning
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 2
  • Price Per Square Foot: 311.76
  • Room Type: All Bedrooms Down, Bonus Room, Family Room, Guest/Maid's Quarters, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Master Bedroom, Master Bathroom, Utility Room

Exterior Features

  • View: Hills
  • Pool Private: No

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Fishing, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 4000.00
  • Lot Size Acres: 0.0918

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4000.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Block: 6
  • Tax Census Tract: 106.02
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2019
Closed on
Mar 10, 2020
Sold by
Wegman Cherylee and Craig Warren A
Bought by
Frempter Grant and Fie Noel
Seller's Agent
Joesef Silva-Jackson
SLO Life Realty Group
Buyer's Agent
Hailey Chiasson
Navigators Real Estate
List Price
$624,000
Sold Price
$525,000
Premium/Discount to List
-$99,000
-15.87%
Current Estimated Value
$966,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,933
Avg. Annual Appreciation
11.14%
Original Mortgage
$472,500
Outstanding Balance
$417,668
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$549,265

Purchase Details

Closed on
Jul 1, 2016
Sold by
Wegman Cherylee and Craig Warren A
Bought by
Wegman Cherylee and Craig Warren A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$259,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2011
Sold by
Wells Fargo Bank N A
Bought by
Wegman Cherylee and Craig Warren A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,500
Interest Rate
4.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 2010
Sold by
Portillo Gilbert R
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 10, 2006
Sold by
Portillo Gilbert R
Bought by
Portillo Gilbert R and Portillo Enedina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$533,500
Interest Rate
6.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 23, 2004
Sold by
Coffey Gerald M
Bought by
Portillo Gilbert R and Portillo Enedina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,600
Interest Rate
6.1%
Mortgage Type
Purchase Money Mortgage
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
Frempter Grant $525,000 Placer Title Company
Wegman Cherylee -- Fidelity National Title Co
Wegman Cherylee $255,000 Fidelity National Title Co
Wells Fargo Bank Na $287,076 Accommodation
Portillo Gilbert R -- Accommodation
Portillo Gilbert R -- Cuesta Title
Portillo Gilbert R $502,000 Fidelity Title Company
Coffey Gerald M -- Fidelity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frempter Grant $472,500
Previous Owner Wegman Cherylee $259,000
Previous Owner Wegman Cherylee $229,500
Previous Owner Portillo Gilbert R $533,500
Previous Owner Portillo Gilbert R $401,600
Closed Portillo Gilbert R $100,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2020 04/07/20 Sold $525,000 -10.9% $312 / Sq Ft
03/05/2020 03/05/20 Pending -- -- --
02/22/2020 02/22/20 Price Changed $589,000 -1.7% $350 / Sq Ft
01/11/2020 01/11/20 Price Changed $599,000 -4.0% $356 / Sq Ft
12/19/2019 12/19/19 For Sale $624,000 -- $371 / 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 $6,144 $574,160 $382,774 $191,386
2024 $6,031 $562,903 $375,269 $187,634
2023 $6,031 $551,866 $367,911 $183,955
2022 $5,652 $541,047 $360,698 $180,349
2021 $5,560 $530,439 $353,626 $176,813
2020 $3,795 $357,291 $234,291 $123,000
2019 $3,756 $350,287 $229,698 $120,589
2018 $3,682 $343,420 $225,195 $118,225
2017 $3,610 $336,687 $220,780 $115,907
2016 $3,539 $330,086 $216,451 $113,635
2015 $3,485 $325,129 $213,200 $111,929
2014 $3,200 $318,761 $209,024 $109,737
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SP19283662

California Regional Multiple Listing Service (CRMLS)

APN: 066-164-025