NOT LISTED FOR SALE

2179 Scotts Valley Rd Lakeport, CA 95453

Estimated Value: $544,000 - $1,524,991

275 Acres
$3,762 Price per Acre
11,979,000 Sq Ft Lot

Last Sold June 19, 2019

Last sale price $2,625,000 $0 Per Sq Ft

Current estimated payment $6,892/month

458 Days on Market

Highlights

  • 275 Acre Lot
  • Vineyard
  • Agricultural
  • Clear Lake High School Rated A-
  • Orchard
  • Creek or Stream

About This Lot

As of June 2019

Over 5,600 tons of pears and 144 tons of grapes. 2017 Gross Income $2,400,000, estimated net income $800,000 - this 275+/- acre pear and grape farm is one of the agricultural jewels of Northern California's pear and wine country. This ranch features 212 acres of high production Bartlett and Golden Bosc pears, as well as 18+/- acres of high-producing Sauvignon Blanc. 9k GPM of water. Productive ground with an approx CAP rate in 2017 of 16.5%

Last Agent to Sell the Property

Anthony Ford

Compass License #01406167 Listed on: 07/05/2017

Compass

Co-Listed By

Tom Larson

Luxe Places International License #01057428

Last Buyer's Agent

Anthony Ford

Compass License #01406167 Listed on: 07/05/2017

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,093

Lot Details

  • 275 Acre Lot
  • Creek or Stream
  • Orchard
  • 5 Lots in the community
  • Property is zoned Ag, Agricultural

Farming

  • Vineyard
  • Agricultural

Utilities

  • Agricultural Well Water Source
  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 005-014-36-00

Property Details

Property Type

Land

Est. Annual Taxes

$17,093

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Agriculture
  • Directions To Property: Hwy 29 to Scotts Valley Road
  • Lot Size Acres: 275.0000
  • Sale Lease Rent: Sale
  • Special Features: None

Exterior Features

  • Fencing: None

Utilities

  • Electric: Electric Available
  • Sewer: Septic Tank
  • Utilities: Phone Connected
  • Water Source: Agricultural Well, Private Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 005-014-36-00
  • Lot Size Sq Ft: 11979000
  • Price Per Acre: 9545.45
  • CurrentUse: Agricultural, Orchard, Vineyard
  • Irrigation: Creek Year Round
  • NumberOfLots: 5
  • Zoning Description: Agricultural

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jun 5, 2019
Sold by
Barr Kenneth L
Bought by
Draxton Vineyard Investment Llc
Seller's Agent
Anthony Ford
Compass
Buyer's Agent
Anthony Ford
Compass
List Price
$2,625,000
Sold Price
$2,625,000
Current Estimated Value
$1,034,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,590,504
Avg. Annual Appreciation
-13.70%
Original Mortgage
$1,855,000
Outstanding Balance
$1,627,608
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
-$593,112
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
Draxton Vineyard Investment Llc $2,625,000 Redwood Empire Ttl Co Of Men
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Draxton Vineyard Investment Llc $1,855,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2019 06/19/19 Sold $2,625,000 0.0% $0 / Sq Ft
10/06/2018 10/06/18 Pending -- -- --
07/05/2017 07/05/17 For Sale $2,625,000 -- $0 / 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
2025 $17,093 $1,507,880 $1,054,163 $453,717
2024 $14,234 $1,259,219 $1,033,494 $225,725
2023 $13,998 $1,234,530 $1,013,230 $221,300
2022 $13,787 $1,210,325 $993,363 $216,962
2021 $13,688 $1,186,595 $973,886 $212,709
2020 $13,231 $1,174,428 $963,900 $210,528
2019 $6,460 $555,340 $303,396 $251,944
2018 $6,114 $544,453 $297,448 $247,005
2017 $6,083 $533,779 $291,616 $242,163
2016 $5,959 $523,315 $285,899 $237,416
2015 $5,887 $515,456 $281,605 $233,851
2014 $5,447 $505,360 $276,089 $229,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21715505

Bay Area Real Estate Information Services (BAREIS)

APN: 005-023-510-000