NOT LISTED FOR SALE
21 Acres
-- Price per Acre
915,588 Sq Ft Lot

Last Sold May 29, 2020

Last sale price $5,000,000

65 Days on Market

Highlights

  • 21.02 Acre Lot
  • Pond
  • Agricultural
  • View of Hills
  • Putting Green
  • Water Treatment System

About This Lot

As of May 2020

This versatile agricultural/horticultural property is located on the dry-easterly side of the Pajaro Valley, and is improved by approximately 174,000 square feet of steel framed greenhouses. The greenhouses are heated with radiant hot water piped through out the separate greenhouses ranges. Heat is from a gas fired 400 horse power boiler. Water is provided to the Three (3) Bedroom Two (2) bath home with a Five (5) car garage, receives water from a domestic well, plus half interest in a separate irrigation well pumping more thank 300 gallons per minute into a bank of water storage tanks In addition to the greenhouses there are approximately Ten (10) acres of open farm land with distributed irrigation water lines. The greenhouses and land provide excellent opportunity for Hemp propagation and cultivation. Also excellent property for conventional Flower or Berry production.

Last Agent to Sell the Property

Charles Allen

KW Thrive Santa Cruz License #00357826 Listed on: 02/16/2020

KW Thrive Santa Cruz

Last Buyer's Agent

Charles Allen

KW Thrive Santa Cruz License #00357826 Listed on: 02/16/2020

KW Thrive Santa Cruz

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $67,915

Lot Details

  • 21.02 Acre Lot
  • Gated Home
  • Wood Fence
  • Level Lot

Property Views

  • Hills
  • Valley

Utilities

  • Gas Available
  • Water Treatment System
  • Reservoir water is a source of water for the property
  • Well
  • Septic Tank

Additional Features

  • Mineral Rights
  • Agricultural

Community Details

Overview

  • The community has rules related to parking rules

Recreation

  • Putting Green
  • Pond

Property Details

Property Type

Land

Est. Annual Taxes

$67,915

Lot Details

0

Listing Details

  • Zoning: Commercial Agriculture
  • Subclass: Agriculture/Ranch Land
  • Restrictions: Parking Restrictions
  • Listing Class: Residential Lots & Land
  • Present Use: Agricultural, Farm, Greenhouse, Nursery
  • Development Status: Farm Land
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Hills, Valley
  • Fencing: Gate, Wood

Utilities

  • Sewer/Septic System: Septic Connected

Condo/Co-op/Association

  • HOA Amenities: Putting Green

Schools

  • School District: Pajaro Valley Unified
  • High School: Watsonville High
  • High School: 828

Lot Info

  • Lot Description: Agricultural Use, Grade - Level, Pond On Site
  • Lot Acres: 21.0190
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 915588.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 915588.00
  • Soil: Loam
  • Mineral Rights: Yes
  • Parcel Access: Paved Road, Private Road, Private Road - Maint. Access, Private Road - Share Access

Multi Family

  • Utilities: Diesel, Electricity - On Site, Gas - On Site, Natural Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 11, 2020
Sold by
California Pajarosa
Bought by
Alvarez Brothers Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Outstanding Balance
$2,669,574
Interest Rate
2.8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Alvarez Brothers Llc $5,000,000 Stewart Title Co Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Brothers Llc $3,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $5,000,000 0.0% --
04/22/2020 04/22/20 Pending -- -- --
02/16/2020 02/16/20 For Sale $5,000,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $67,915 $6,357,346 $3,707,330 $2,650,016
2023 $57,113 $5,202,000 $3,563,370 $1,638,630
2022 $56,130 $5,100,000 $3,493,500 $1,606,500
2021 $55,114 $5,000,000 $3,425,000 $1,575,000
2020 $30,736 $2,775,788 $1,261,722 $1,514,066
2019 $30,209 $2,721,360 $1,236,982 $1,484,378
2018 $26,847 $2,427,360 $878,323 $1,549,037
2017 $22,232 $1,976,000 $715,000 $1,261,000
2016 $16,922 $1,502,000 $538,000 $964,000
2015 $17,047 $1,502,000 $538,000 $964,000
2014 $16,638 $1,468,399 $512,719 $955,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81782897

MLSListings

APN: 110-071-37-000