$2,400,000
SOLD JUL 31, 2024

18218 Cal Club Rd Buttonwillow, CA 93206

156 Acres
$15,350 Price per Acre
6,810,606 Sq Ft Lot

Recently Sold

$0 Per Sq Ft

31% Below List Price

903 Days on Market

About This Lot

As of July 2024

Highly visible flat parcel of land adjacent Interstate 5 and the Buttonwillow Raceway Park. Access is via Lerdo Highway and 4 On/Off Ramps of Interstate 5. The access road to the Raceway (Cal Club Rd.) runs along the Western side of the parcel offering several access points. There is a 9 acre section that has a current overlay zone of C-2 PD and would accommodate a Travel Center or similar use. The remainder is zoned AG and would allow for an Industrial Park or Solar Field. Surrounding uses are Industrial and Recreation making a zone change highly likely be approved. Great visibility from the South and North bound lanes of Interstate 5. Electrical service is nearby. Water service would have to be established. The Raceway Park is currently expanding their track and adding an RV Park. A Hotel would be a welcomed use for patrons of the Raceway. Lerdo Highway is highly traveled by those going to the Central Coast and wishing to bypass the Lost Hills interchange.

Last Agent to Sell the Property

Frank Jones

Watson Realty License #00872038 Listed on: 12/10/2021

Last Buyer's Agent

Jas Gill

Gill Real Estate Inc. License #02070378

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $25,677

Lot Details

  • 156.35 Acre Lot
  • Zoning described as 9 Acres Commercial. Remainder zone is AG.

Schools

  • Buttonwillow Elementary And Middle School
  • Shafter High School

Listing and Financial Details

  • Assessor Parcel Number 08711014

Property Details

Property Type

Land

Est. Annual Taxes

$25,677

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Deposit Amount Required: 50000.00
  • Property Sub Type: Acreage
  • Lot Size Acres: 156.3500
  • Special Features: None
  • Stories: 0

Exterior Features

  • Water District: Semitropic WSD
  • Disclosures: Special Study

Schools

  • High School: Shafter
  • Middle Or Junior School: Buttonwillow

Lot Info

  • Zoning Description: 9 Acres Commercial. Remainder zone is AG.
  • Lot Size Sq Ft: 6810606.00
  • Parcel #: 08711014

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Elementary School: Buttonwillow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Jul 22, 2024
Sold by
Sandhu Manpreet
Bought by
Sandhu Simranjit S
Seller's Agent
Frank Jones
Watson Realty
Buyer's Agent
Jas Gill
Gill Real Estate Inc.
List Price
$3,490,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,090,000
-31.23%
Views
71
Current Estimated Value
$2,405,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,179
Avg. Annual Appreciation
-0.29%
Original Mortgage
$525,000
Outstanding Balance
$521,396
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$1,872,430

Purchase Details

Listed on
Dec 10, 2021
Closed on
Jul 19, 2024
Sold by
51 Gold Enterprise Inc
Bought by
Sandhu Simranjit S
Seller's Agent
Frank Jones
Watson Realty
Buyer's Agent
Jas Gill
Gill Real Estate Inc.
List Price
$3,490,000
Sold Price
$2,400,000
Premium/Discount to List
-$1,090,000
-31.23%
Views
71

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$521,396
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$1,872,430

Purchase Details

Closed on
Nov 8, 2021
Sold by
Shim Jung Hee
Bought by
51 Gold Enterprise Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Interest Rate
3.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 17, 2017
Sold by
Allen Elizabeth Wilkinson
Bought by
Allen Thomas Gregory and Allen Elizabeth W

Purchase Details

Closed on
Mar 12, 2007
Sold by
Shim Songmoo
Bought by
Shim Jung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.29%

Purchase Details

Closed on
Feb 12, 2007
Sold by
San Joaquin Community Hospital Corp
Bought by
Shim Jung Hee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.29%
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 Type Sale Price Title Company
Grant Deed -- First American Title
Grant Deed $2,400,000 First American Title
Grant Deed $2,200,000 Chicago Title Company
Warranty Deed -- None Available
Warranty Deed -- Commonwealth Land Title Co
Warranty Deed $1,400,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 New Conventional
Previous Owner $1,600,000 Commercial
Previous Owner $2,000,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $2,400,000 -17.2% $0 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
03/11/2024 03/11/24 Price Changed $2,900,000 -3.3% $0 / Sq Ft
02/08/2024 02/08/24 Price Changed $3,000,000 +3.4% $0 / Sq Ft
12/26/2023 12/26/23 Price Changed $2,900,000 -12.1% $0 / Sq Ft
06/30/2023 06/30/23 Price Changed $3,300,000 -5.4% $0 / Sq Ft
12/10/2021 12/10/21 For Sale $3,490,000 -- $1 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $25,677 $2,288,880 $2,288,880 --
2023 $25,677 $2,244,000 $2,244,000 $0
2022 $25,244 $2,200,000 $2,200,000 $0
2021 $19,297 $1,631,486 $1,631,486 $0
2020 $19,297 $1,614,758 $1,614,758 $0
2019 $18,707 $1,614,758 $1,614,758 $0
2018 $18,158 $1,552,056 $1,552,056 $0
2017 $17,927 $1,521,624 $1,521,624 $0
2016 $16,767 $1,491,789 $1,491,789 $0
2015 $16,454 $1,469,381 $1,469,381 $0
2014 $15,962 $1,440,598 $1,440,598 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202113049

Bakersfield Association of REALTORS® / GEMLS

APN: 087-110-14-00-6