NOT LISTED FOR SALE

Estimated Value: $1,009,000 - $5,999,000

1.8 Acres
$2,332,486 Price per Acre
78,408 Sq Ft Lot

Last Sold January 31, 2020

Last sale price $5,250,000 $67 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $25,939/month

591 Days on Market

Highlights

  • Golf Course Community
  • Bridge View
  • Property is near public transit
  • Grant Elementary School Rated A-
  • 1.8 Acre Lot
  • 4-minute walk to Riverview Park

About This Lot

As of January 2020

Attention All Developers: 4-Generation lands recently annexed to City of Petaluma with RES 4 (R4) zoning, 8.1-18 Ac Density. Being sold with 4 other parcels - 019-210-029 (1280 Pet.Blvd.So.) & 019-210-032 (1340 Pet.Blvd.So.) and 019-210-034 & 025 (55 McNear). Approximately 4.52 Acres for a total of $5,250,000. Existing structures on this parcel are uninhabitable. Contiguous to newer subdivision at southern gateway to Petaluma.

Last Agent to Sell the Property

Eileen Morelli

Keller Williams Realty License #01521651 Listed on: 05/14/2018

Keller Williams Realty

Last Buyer's Agent

Non-Member 999999

Non-member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,131

Lot Details

  • 1.8 Acre Lot
  • Partial crossed fence
  • Property is zoned RES R (R4) 8.1-18.0 /ac density

Property Views

  • Bridge
  • City
  • Hills
  • Park or Greenbelt

Additional Features

  • Property is near public transit
  • No Utilities

Community Details

  • Golf Course Community

Listing and Financial Details

  • Assessor Parcel Number 019-210-033-000

Property Details

Property Type

Land

Est. Annual Taxes

$24,131

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Residential Acreage
  • Directions To Property: Petaluma Boulevard South to McNear Avenue
  • Lot Size Acres: 1.8000
  • Road Frontage Type: City Street
  • Sale Lease Rent: Sale
  • Special Features: None

Interior Features

  • Price Per Square Foot: 5681.82

Exterior Features

  • Lot Features: Public Trans Nearby
  • Fencing: Partial Cross
  • Soil: Unknown
  • View: Bridges, City, Garden/Greenbelt, Hills, Other, VWLC

Utilities

  • Sewer: TBD
  • Utilities: None
  • Water Source: TBD

Condo/Co-op/Association

  • Association: No
  • Community Features: Golf

Lot Info

  • Assessor Parcel Number: 019-210-033-000
  • Lot Size Sq Ft: 78408
  • Price Per Acre: 2916666.67
  • CurrentUse: Other
  • DevelopmentStatus: Other
  • Perc Test/Septic Design: None
  • Zoning Description: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2023
Sold by
Mc 2 Petaluma Llc
Bought by
Lbjm Llc
Current Estimated Value
$4,391,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,149,500
Outstanding Balance
$6,040,865
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
-$1,800,249

Purchase Details

Listed on
May 14, 2018
Closed on
Jan 27, 2020
Sold by
Vartnaw William R and Reymond Bridget J
Bought by
Mc 2 Petaluma Llc
Seller's Agent
Eileen Morelli
Keller Williams Realty
Buyer's Agent
Non-Member 999999
Non-member Office
List Price
$5,250,000
Sold Price
$5,250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.78%
Original Mortgage
$3,100,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2018
Sold by
Butterworth Tim
Bought by
Butterworth Paula

Purchase Details

Closed on
Nov 14, 2008
Sold by
Vartnaw William Raphael
Bought by
Separate Vartnaw Iii William R

Purchase Details

Closed on
Nov 11, 2008
Sold by
Nielson Robert W
Bought by
Butterworth Paula
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
Lbjm Llc $6,275,000 Old Republic Title Company
Mc 2 Petaluma Llc $5,250,000 North Coast Title Co
Butterworth Paula -- North Coast Title Co
Separate Vartnaw Iii William R -- None Available
Butterworth Paula -- None Available
Nielson Robert W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lbjm Llc $6,149,500
Previous Owner Mc 2 Petaluma Llc $3,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2020 01/31/20 Sold $5,250,000 0.0% $67 / Sq Ft
12/26/2019 12/26/19 Pending -- -- --
05/14/2018 05/14/18 For Sale $5,250,000 -- $67 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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
2024 $24,131 $2,160,485 $2,112,237 $48,248
2023 $24,131 $2,118,123 $2,070,821 $47,302
2022 $22,821 $2,076,592 $2,030,217 $46,375
2021 $22,387 $2,035,875 $1,990,409 $45,466
2020 $670 $46,264 $21,150 $25,114
2019 $663 $45,358 $20,736 $24,622
2018 $662 $44,470 $20,330 $24,140
2017 $0 $43,599 $19,932 $23,667
2016 $628 $42,745 $19,542 $23,203
2015 -- $42,104 $19,249 $22,855
2014 -- $41,280 $18,872 $22,408
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21808124

Bay Area Real Estate Information Services (BAREIS)

APN: 019-210-033