Joanie DiMatteo-Godsey

Joanie DiMatteo-Godsey

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$2,650,000

($2,064,990 down)
VA

1301 Little Morro Creek Road, Morro Bay, CA 93442

6
5
4,842 sqft
PITI Monthly
$5,722.81 /mo

Listing courtesy of: Stanley Craig, BHGRE HAVEN PROPERTIES

Assumed Rate

2.83%
7.15%

Principal & Interest

$2,662 /mo
$4,359 /mo

What's Special

SERENE
HARDWOOD FLOORS
GRANITE COUNTERTOPS
FIREPLACE
WALK-IN CLOSET
MASTER SUITE
HOME OFFICE
DECK
PATIO
SAFE
SOLAR PANELS

Casa Milagro is a secluded estate in the serene Morro Valley, just outside Morro Bay. This stunning property blends privacy, natural beauty, and functionality, ideal as a family estate, working ranch, agri-tourism business, or vacation rental. Featuring a fully operational avocado grove and Little Morro Creek meandering through the land. Two wells support the property, with a third well in progress, partially funded by a USDA grant. The custom-built home spans 4,852 sq,ft, offering 6 bedrooms, 5 1/2 bathrooms, a home office, and multiple living spaces. A 4 car garage with an extended workshop provides ample storage. The estate covers 10.87 acres across two parcels, with a fully irrigated orchard of 425 avocado trees, plus cherimoya, apple, peach, lemon, & lime trees. The multi-level home is designed for comfort & practicality. The first level features a spa and mudroom with a steam shower, a full bath, & a laundry room with stained concrete flooring. Just outside, a hot tub and covered patio offer relaxation, while a retention basin could serve as an herb garden or event space. The second level has a family room with a bar, granite countertops, and cork flooring, plus 2 bedrooms, a bathroom, and a home office. The third level is a self-contained 1,600 Sq.Ft. living space with 3 bedrooms, 2 bathrooms, a full kitchen, a fireplace, and a private 300 Sq.Ft. covered deck overlooking the creek. The fourth level serves as the primary residence, including a grand living area with exposed beams, hardwood floors, and a cupola for natural airflow. The fireplace has wrap-around seating and travertine tile. The open-concept kitchen boasts high-end appliances, granite countertops, & under-counter recycle bins. The master suite features a walk-in closet, a jacuzzi tub, and a walk-in shower. A rooftop sun deck is perfect for stargazing and provides easy access to the solar panels. Energy efficiency is key, with a 13.2 kWh solar system, a 20kW Kohler generator, a 5,000-gallon potable water tank, and a Hague water filtration system. The home has an advanced septic system, 2 electric meters, and fire sprinklers throughout. Featuring an elevator, 30 & 36in doorways, grab bars in bathrooms, and lever-style door handles. Security includes a SimpliSafe system. This is a rare opportunity to own a luxurious yet practical estate in a picturesque setting. Whether as a retreat, working farm, or investment, this extraordinary home offers an unparalleled living experience.

... Show more

Assumption Snapshot

Type of Loan
VA
Interest Rate
2.83
Remaining Loan Term
25 years, 10 months
Monthly PITI
$5,722.81/mo
Estimated Loan Balance
$295,690
Cash to close
$2,064,990
Interest Paid
$72,687

Facts & Features

Interior

Bedrooms & Bathrooms
  • Bedrooms: 6
  • Bathrooms: 5
Cooling & Heating
  • Cooling: None
  • Heating: Central, ForcedAir, Fireplaces, Propane, Solar
Features
  • Materials: Unknown
  • Community: Unknown
  • Has Fireplace: Yes
  • Fireplace Features: FamilyRoom, Propane
  • Flooring: Carpet, Concrete, Stone, Wood

Exterior

Fencing
  • Fencing: Wire
Roof
  • Roof: Metal
Parking
  • Garage: Yes
  • Garage Spaces: 4
  • Carport: No
  • Carport Spaces:
Water
  • Sewer: EngineeredSeptic
  • Water Source: SeeRemarks, Well
Pool
  • Has Pool: No
  • Pool Features: None

Construction

Type & Style
  • Stories: 2
  • Home type: SingleFamilyResidence
  • Architectural Style: Mediterranean, Spanish
Materials
  • Unknown
  • Roof: Metal
Condition
  • Year Built: 2007
Details
  • Builder:

Community & HOA

Community
  • Subdivision: Morro Creek Rd (790)
  • Features: Biking, DogPark, Foothills, Fishing, Golf, Hiking, Park, WaterSports
HOA
  • Has HOA: No
Location
  • Region: Morro Bay

Financial Details

  • Price per Sqft: $547.29
  • Tax Annual Amount: $33125
  • On Market Date: 2025-04-03T00:00:00.000Z
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Savings Calculator

Current cash to close is $2,064,990 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $2,064,990!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$585,010
Your Cash:$2,064,990
Total Purchase Price:$2,650,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$2,662/mo
Traditional @ 7.5%
$4,522/mo
You save $1,859/month ($22,314/year)

*Secondary financing rates are an estimated value based on input

MLS ID: SC25069571

Listing From:

Last updated: 2025-04-04T18:12:49.000Z

© , CRMLS. All rights reserved. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.

Assumed Rate

2.83%
7.15%

Principal & Interest

$2,662 /mo
$4,359 /mo
Inquire about this property

We will reach out to you with more details

Apply to Assume

Fill out an application to explore financing options for assuming this loan.

Apply now

Savings Calculator

Current cash to close is $2,064,990 (78%)
You can enter any amount below - secondary financing will cover the difference if needed.
78%
$

You cover the entire equity of $2,064,990!

Enter a smaller amount if you prefer to use secondary financing.

Loan Breakdown

Assumed Mortgage2.83% Sellers Rate
$585,010
Your Cash:$2,064,990
Total Purchase Price:$2,650,000

Assumed vs Traditional Mortgage

Assumed @ 2.83%
$2,662/mo
Traditional @ 7.5%
$4,522/mo
You save $1,859/month ($22,314/year)

*Secondary financing rates are an estimated value based on input

Follow Us
Compass
Agent/Broker
Joanie DiMatteo-GodseyCompass(480) 457-0340joanie@azhomesbyjoanie.comMLS

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