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2109 Cypress Street

2109 Cypress Street, San Luis Obispo, CA 93401
Multifamily in San Luis Obispo
Sold May 31, 2022
$1,500,000
$757,000 by Cmg Mortgage Inc
Mortgage Due Dec 21, 2052
Sold Apr 24, 2020
$1,025,000
$768,750 by Guaranteed Rate Inc
Mortgage Due May 01, 2050
2109 Cypress Street in San Luis Obispo, CA was first built in 1938 and is 86 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2109 Cypress Street has 1,360 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,000 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a garage. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing a heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 2109 Cypress Street was last sold in May 12, 2022 for $1,500,000. According to our calculations, that's $1,102.94 per sqft. Prior to that sales transaction, the property was sold for $1,025,000 in Mar 24, 2020. Current property owners are expected to pay $11,105 in taxes per year. The property on 2109 Cypress Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,530,000. To break that down further, the land itself was valued at $994,500. While improvements to the property were assessed at a total of $535,500. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Multifamily
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,360
  • Gross Building Area: 1,360
  • Building Area: 1,360
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,360
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CY SLO SOSDE ADD
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY SLO SOSDE ADD BL 4 PTN LTS 1 & 2

Ownership

  • Current Owner : HOBBY BRADY
  • Current Owner 2: HOBBY ERICA
  • Previous Owner : WALTERS KATHERINE K
  • Owner Before Previous Owner: ROGERS MIKE
  • Owner Before Previous Owner 2: FISHER STEVEN K
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Luis Coastal Unified School District
  • Census Tract: 011105

Zoning

  • Zoning: R2

Geography

  • Parcel: 003-723-015
  • Block: 4
  • Lot: 1,2
  • Municipality: CITY OF SAN LUIS OBISPO
  • Latitude: 35.2709
  • Longitude: -120.666

    Address

  • Full Address: 2109 Cypress St
  • Address - House Number: 2109
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: CA
  • City Name: San Luis Obispo
  • Carrier Code: C023
  • 4-Digit Zip Code: 5118
  • Zip Code: 93401

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $11,105
  • Tax Rate Code Area: 003-000

    Appraisal Valuation

  • Standard Deviation: 0.2134
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 70
  • Final Value: 1,279,572
  • High Value: 1,552,743
  • Low Value: 1,006,402

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $757,000
  • First Open Lien Mortgage Lender: CMG MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Dec 13, 2022
  • First Open Lien Mortgage Loan Amount: $757,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Dec 21, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,530,000
  • Assessed Land Value: $994,500
  • Assessed Improvements Value: $535,500

    Sales

  • Current Sale Contract Date: May 12, 2022
  • Current Sale Recording Date: May 31, 2022
  • Current Sale Transaction ID: 11889428855
  • Current Sale Price: $1,500,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 22940
  • Previous Sale Recording Date: Apr 24, 2020
  • Previous Sale Contract Date: Mar 24, 2020
  • Previous Sale Amount: $1,025,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WALTERS KATHERINE
  • First Mortgage Transaction Date: May 31, 2022
  • First Mortgage Loan Amount: $500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Seller take-back

    Previous Mortgages

  • Previous Mortgage Lender: GUARANTEED RATE INC
  • Previous Mortgage Transaction Date: Apr 24, 2020
  • Previous Mortgage Loan Amount: $768,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2050

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Frequently Asked Questions

What neighborhood is 2109 Cypress Street located in?
The 2109 Cypress Street is a multifamily located in the neighborhood of San Luis Obispo in San Luis Obispo, San Luis Obispo.
What is the average sales price for listings in 2109 Cypress Street?
The average sales price for units in 2109 Cypress Street is $0 currently.

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