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2598 Main Street

2598 Main Street, Morro Bay, CA 93442
Commercial in San Luis Obispo
Sold Jan 09, 2020
$579,000
$500,000 by Finance Of America Mortgage Ll
Mortgage Due Mar 01, 2051
Sold Jun 05, 2015
$432,500
$345,760 by Resource Lenders Inc
Mortgage Due Jun 01, 2045
2598 Main Street has been categorized by the local assessors in Morro Bay, CA as a residential type of property. The building on the property was first built in 1972 and is 52 years old. The home has a total of 6 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2598 Main Street has 1,200 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,870 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. We know that this is 4 code building. This code stands for "buildings that have wood or wood and steel frames.". Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer 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, 2598 Main Street was last sold in Aug 9, 2019 for $579,000. According to our calculations, that's $482.50 per sqft. Prior to that sales transaction, the property was sold for $432,500 in May 15, 2015. Current property owners are expected to pay $6,315 in taxes per year. The property on 2598 Main Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $608,630. To break that down further, the land itself was valued at $394,191. While improvements to the property were assessed at a total of $214,439. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

Building Features

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Wood
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,870
  • Total Building Area: 1,200
  • Gross Building Area: 1,200
  • Building Area: 1,200
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,200
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Building Type: Wood &/or steel frames
  • Property Class: Residential
  • Subdivision: TRACT 01
  • Land Acres: 0.089
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CY MB TR 1 BL 2 LT 1

Ownership

  • Current Owner : TANNER MARLEN
  • Current Owner 2: MCKINNEY PAUL
  • Previous Owner : RANAT ASHISH R
  • Previous Owner 2: RANAT RITA A
  • Owner Before Previous Owner: MURPHY DOUGLAS P
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Luis Coastal Unified School District
  • Census Tract: 010505

Zoning

  • Zoning: CVS

Geography

  • Subdivision Tract Number: 1
  • Parcel: 068-332-040
  • Block: 2
  • Lot: 1
  • Municipality: CITY OF MORRO BAY
  • Latitude: 35.3884
  • Longitude: -120.858

    Address

  • Full Address: 2598 Main St
  • Address - House Number: 2598
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: CA
  • City Name: Morro Bay
  • Carrier Code: C002
  • 4-Digit Zip Code: 1553
  • Zip Code: 93442

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,315
  • Tax Rate Code Area: 006-002

    Appraisal Valuation

  • Standard Deviation: 0.1922
  • Valuation Date: Jul 26, 2023
  • Confidence Score: 74
  • Final Value: 819,253
  • High Value: 976,744
  • Low Value: 661,762

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $500,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Feb 23, 2021
  • First Open Lien Mortgage Loan Amount: $500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $608,630
  • Assessed Land Value: $394,191
  • Assessed Improvements Value: $214,439

    Sales

  • Current Sale Contract Date: Aug 09, 2019
  • Current Sale Recording Date: Jan 09, 2020
  • Current Sale Transaction ID: 11713987738
  • Current Sale Price: $579,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2020001123
  • Previous Sale Recording Date: Jun 05, 2015
  • Previous Sale Contract Date: May 15, 2015
  • Previous Sale Amount: $432,500
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: COASTAL FUNDING SLC INC
  • First Mortgage Transaction Date: Jan 09, 2020
  • First Mortgage Loan Amount: $525,737
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: RESOURCE LENDERS INC
  • Previous Mortgage Transaction Date: Jun 05, 2015
  • Previous Mortgage Loan Amount: $345,760
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial
  • Previous Mortgage Loan Due Date: Jun 01, 2045

About Morro Bay



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Frequently Asked Questions

What neighborhood is 2598 Main Street located in?
The 2598 Main Street is a commercial located in the neighborhood of San Luis Obispo in Morro Bay, Morro Bay.
What is the average sales price for listings in 2598 Main Street?
The average sales price for units in 2598 Main Street is $0 currently.

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