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140 Summit Drive

140 Summit Drive, Pismo Beach, CA 93449
Property in San Luis Obispo
Sold Aug 11, 2021
$663,000
$613,966 by Guaranteed Rate Inc
Mortgage Due Sep 01, 2051
Sold Aug 09, 2019
$560,000
$360,000 by Sierra Pacific Mortgage Co Inc
Mortgage Due Sep 01, 2049
Local assessors in Pismo Beach, CA have categorized 140 Summit Drive as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 4,040 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 140 Summit Drive has a total of 951 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. There are 2 available parking spaces so it's a great situation for those with more than one car. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on no air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 140 Summit Drive sold most recently in Jul 23, 2021 for a total of $663,000. If you work out the math, that's approximately a cost of $697.16 per sqft. Before that, the property was also sold for $560,000 in Jul 1, 2019. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,227 in taxes each year. The initial year of tax delinquency occurred in 2019. 140 Summit Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $676,260. If we break it down further, the land itself was valued at $357,000. Improvements to the property, however, were assessed at a total of $319,260. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 4,040
  • Total Building Area: 951
  • Gross Building Area: 951
  • Building Area: 951
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 951
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: TRACT 1245
  • Land Acres: 0.093
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY PB TR 1245 LT 6

Ownership

  • Current Owner : LERNER ROBERT
  • Current Owner 2: LERNER JESSICA
  • Previous Owner : DONATI NICHOLAS K
  • Previous Owner 2: DONATI BETH M
  • Owner Before Previous Owner: GATEWAY CITY CHURCHS
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Lucia Mar Unified School District
  • Census Tract: 011706

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 1245
  • Parcel: 005-403-006
  • Lot: 6
  • Municipality: CITY OF PISMO BEACH
  • Latitude: 35.1358
  • Longitude: -120.609

    Address

  • Full Address: 140 Summit Dr
  • Address - House Number: 140
  • Address - Street Name: Summit
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Pismo Beach
  • Carrier Code: C010
  • 4-Digit Zip Code: 3278
  • Zip Code: 93449

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,227
  • Intital Tax Deliquent Year: 2019
  • Tax Rate Code Area: 004-002

    Appraisal Valuation

  • Standard Deviation: 0.2197
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 69
  • Final Value: 822,106
  • High Value: 1,002,766
  • Low Value: 641,446

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $613,966
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Aug 11, 2021
  • First Open Lien Mortgage Loan Amount: $613,966
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $676,260
  • Assessed Land Value: $357,000
  • Assessed Improvements Value: $319,260

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Aug 11, 2021
  • Current Sale Transaction ID: 11848177406
  • Current Sale Price: $663,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021056131
  • Previous Sale Recording Date: Aug 09, 2019
  • Previous Sale Contract Date: Jul 01, 2019
  • Previous Sale Amount: $560,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Aug 11, 2021
  • First Mortgage Loan Amount: $613,966
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SIERRA PACIFIC MORTGAGE CO INC
  • Previous Mortgage Transaction Date: Aug 09, 2019
  • Previous Mortgage Loan Amount: $360,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Sep 01, 2049

About Pismo Beach



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$3,200 /mo

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280 Coral Court #1, Pismo Beach, CA, 93449 Listing by Yvonne Fisher

Frequently Asked Questions

What neighborhood is 140 Summit Drive located in?
The 140 Summit Drive is a located in the neighborhood of San Luis Obispo in Pismo Beach, Pismo Beach.
What is the average sales price for listings in 140 Summit Drive?
The average sales price for units in 140 Summit Drive is $0 currently.

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