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$1,199,000

Beds
3
Baths
2.25
sq ft
1,728

520 Zanzibar St, Morro Bay, CA 93442

520 Zanzibar St

Morro Bay, CA 93442

  • 426 days on market
    • Price drop $26,000↓
Mediterranean custom home with amazing Whitewater, Rock and Ocean views. Located in the desirable Northern tip of Morro Bay allowing for easy access to miles of beachcombing, surfing, fishing and stunning sunsets over the Pacific Ocean. This 3 bedroom 3 bath, 1,728 sqft. home features a Sunroom, approximately, 21 x 14, can be used for possible 4th bedroom or current workout room. The Sunroom has been updated with new Custom Glass Panes to enhance the breathtaking panoramic views~ must be experienced to truly appreciate the stunning Coastal perspective! This sunlit home offers an open floor plan with large formal dining area, spacious Kitchen/ Cabinetry, breakfast bar, Vaulted ceilings, Wetbar, fireplace, large Primary bedroom with Cedar lined walk-in closet and private deck. The 3 decks have been replaced, $100,000, with Timber Tech Azek synthetic decking- new pressure treated joists too! Other updated items: New Stucco on South side, Forced Air Unit Replaced, Permeable custom pavers, Air Vol Block landscaping and concrete walkway to additional storage, New 50 gallon H2O heater, Freshly painted bedrooms and tiled entry. And for those rare warmer days we experience, the primary bedroom and living room have Fridge Aire window units! All of this with surrounding coastal mountains to get the best of both worlds- Surf and Turf!

Details

Property type

Single Family Residence

Est. home value

$1,271,733

Lot size

3,150 sq ft

Price per sq ft

$694

Year built

1991

HOA

No

Price History

11/16/2024
CRMLS

CRMLS #SC23178591

Listed
$1,199,000
10/21/2024
CRMLS

CRMLS #SC23178591

Removed
$1,199,000
05/23/2024
CRMLS

CRMLS #SC23178591

Price change
$1,199,000
-2.12%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Fishing

High school district: 

San Luis Coastal Unified

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$838,747
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$264,333
Cash to seller
$838,747

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Central Coast Lending Inc

Loan start date

May 2020

Original loan amount

$291,250

Est. remaining balance

$264,333

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

David Sherwood Sr and Barbara Sherwood

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 10:05 PM

Listing updated: 11/16/2024 at 5:19 AM

Listed by: Christopher Bath, Coast Realty Phone #: (805) 225-2284

MLS: CRMLS #SC23178591

CRMLS logo

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