390 Nassau, Morro Bay, California 93442, Morro Bay, 93442 - 3 bed, 2 bath
390 Nassau
Morro Bay, California 93442
Property Price
SUMMARY
Analysis of 390 Nassau, Morro Bay, California 93442 reveals a Fairly Priced Property with a current list price of $894,000 aligned with the estimated $879,481 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Morro Bay Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 390 Nassau Subject | $894,000* List Price | 3 | 2 | 1,505 | $584 | - |
A 380 Trinidad Street Sold | $850,000 | 3 | 2 | 1,500 | $567 | 0.2 mi |
B 428 Zanzibar Street Sold | $775,928 | 3 | 2 | 1,353 | $573 | 0.4 mi |
C 449 Panay Sold | $839,000 | 3 | 3 | 1,240 | $677 | 0.2 mi |
D 466 Zanzibar Street Sold | $715,000 | 3 | 2 | 1,056 | $677 | 0.4 mi |
E 2479 Hemlock Avenue Sold | $787,500 | 4 | 2 | 1,415 | $557 | 1.0 mi |
F 2695 Hemlock Avenue Sold | $905,000 | 3 | 3 | 1,477 | $613 | 0.8 mi |
G 2785 Hemlock Avenue Active | $829,900 List Price | 2 | 2 | 1,242 | $668 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1997, this home is well-maintained and move-in ready but shows its age with mostly original finishes. The kitchen features dated tile countertops and white appliances, and the overall aesthetic reflects its 29-year-old construction without significant modern renovations. It fits the criteria for a property built 25-40 years ago with no major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on a desirable corner lot in North Morro Bay, the property offers excellent proximity to local beaches and outdoor recreation, perfect for a coastal lifestyle.
- Optimized Living Layout
The reverse floor plan places the main living areas and primary suite on the upper level, maximizing natural light and access to the front deck for coastal air.
- Modern Construction
Built in 1997, this home offers more contemporary structural standards and a functional 3-bedroom layout compared to many of the older cottages in the area.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
At just 2,400 square feet, the lot provides limited private yard space, which may be a drawback for buyers seeking significant outdoor areas or gardening space.
- Multi-Level Accessibility
The two-story design with primary living spaces on the upper floor may present challenges for individuals with mobility concerns or those preferring single-level living.
About 390 Nassau
Charming 3-Bedroom Home on Corner Lot in North Morro Bay Welcome to this inviting 3-bedroom, 2-bath, two-story home ideally located on a desirable corner lot in North Morro Bay. Designed for comfortable living, the open floor plan features the main living spaces on the upper level, including the primary bedroom, living room, dining area, and kitchen. The living room offers a cozy fireplace and opens to a front deck—perfect for relaxing or entertaining while enjoying the coastal air. The open kitchen and dining area provide a bright, functional space ideal for everyday living. Additional bedrooms are thoughtfully situated for privacy, making this home well-suited for full-time living or a coastal getaway. Conveniently located near beaches and outdoor recreation, this home combines comfort, functionality, and a great Morro Bay location.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 2,400 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Morro Bay Unified Schools
Del Mar Elementary School
Grades K-5 • 0.4 mi
Los Osos Middle School
Grades 6-8 • 5.7 mi
Morro Bay High School
Grades 9-12 • 1.5 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,505 | 1,484 | 54% |
| Lot Size | 2,400 | 4,000 | 26% |
| Price | $894.0K | $965.0K | 39% |
| Price per sq ft | $594 | $714 | 33% |
| Built year | 1997 | 1975 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 38 | 164 | 2% |
Pricing History
Listed for Sale
Mar 5, 2026
$894,000
$925,000
-3% Price Drop
Initial Listing
Price Change
Jan 28, 2026
$925,000
Initial Listing
Sold
Jan 23, 1998
$187,500
Public Record