NOT LISTED FOR SALE

23100 Mckean Rd San Jose, CA 95120

Estimated Value: $7,582,948

136.14 Acres
$55,699 Price per Acre
5,930,315 Sq Ft Lot

Last Sold November 15, 2019

Last sale price $4,700,000

Est. 61% increase in value since last sale

Current estimated payment $40,068/month

272 Days on Market

Highlights

  • Horse Property
  • 136.14 Acre Lot
  • Agricultural
  • Ann Sobrato High School Rated A
  • Views
  • Gated Home

About This Lot

As of November 2019

Sitting directly across from the Calero Lake in Almaden Valley, the Lakeview Stables are the perfect location for horse riding, watersports, relaxing in the great outdoors. The stable is currently active. It consists of 136 acres. Amenities include barns, paddocks, round pen, covered lighted arena, large outdoor arena, pastures, and dozens of riding areas within a couple miles, a house, and more structures.. Surrounded by County land on one side, and Calero Lake Estates on the other, the lake views are amazing. Less than 15 minutes to the freeway, 5 minutes to IBM Santa Teresa, and 15 minutes to Morgan Hill, and 3 minutes to Cinnabar Hills Golf Course Potential for future subdivision. Just far enough out to be away from the hustle of the city and neighborhoods, but close in to Almaden.

Last Agent to Sell the Property

Keith Kanady

KW Bay Area Estates License #00953975 Listed on: 08/02/2017

KW Bay Area Estates

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $277

Lot Details

  • 136.14 Acre Lot
  • Gated Home
  • Cross Fenced
  • Level Lot

Farming

  • Agricultural
  • Farm Animals Allowed
  • Fenced For Horses

Additional Features

  • Horse Property
  • Septic Tank
  • Property Views

Property Details

Property Type

Land

Est. Annual Taxes

$277

Lot Details

0

Listing Details

  • Zoning: HS
  • Subclass: Other Residential Land
  • Listing Class: Residential Lots & Land
  • Present Use: Farm/Ranch, Horses
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Yes
  • Fencing: Cross Fenced, Gate, Horse Fencing

Utilities

  • Sewer/Septic System: Existing Septic

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Description: Agricultural Use, Farm Animals (Permitted), Grade - Gently Sloped, Grade - Level, Grade - Varies, Views
  • Lot Acres: 136.1413
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5930315.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5930315.00
  • Parcel Access: County Maintained Road

Multi Family

  • Utilities: Electricity - On Site, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2023
Sold by
Peninsula Open Space Trust
Bought by
County Of Santa Clara
Current Estimated Value
$7,582,948

Purchase Details

Listed on
Aug 2, 2017
Closed on
Nov 14, 2019
Sold by
Lee Brent and Fang Liu I
Bought by
Peninsula Open Space Trust
Seller's Agent
Keith Kanady
KW Bay Area Estates
Buyer's Agent
RECIP
Out of Area Office
List Price
$5,950,000
Sold Price
$4,700,000
Premium/Discount to List
-$1,250,000
-21.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.76%

Purchase Details

Closed on
Jan 26, 2015
Sold by
Lee Brent
Bought by
Lee Brent

Purchase Details

Closed on
Jun 4, 1997
Sold by
Lightfoot Stables Llc
Bought by
Lee Brent

Purchase Details

Closed on
Jan 17, 1996
Sold by
Bank Of Santa Clara
Bought by
Lightfoot Stables Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 12, 1996
Sold by
Collishaw Corp
Bought by
Bank Of Santa Clara

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.18%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 6, 1994
Sold by
Collishaw Corp
Bought by
Promotions West Inc
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
County Of Santa Clara -- Old Republic Title
Peninsula Open Space Trust $4,700,000 Cornerstone Title Company
Lee Brent -- Cornerstone Title Company
Lee Brent -- None Available
Lee Brent -- --
Lightfoot Stables Llc $1,100,000 Commonwealth Land Title
Bank Of Santa Clara $442,217 --
Promotions West Inc $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lightfoot Stables Llc $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2019 11/15/19 Sold $4,700,000 -21.0% --
05/02/2018 05/02/18 Pending -- -- --
08/02/2017 08/02/17 For Sale $5,950,000 -- --
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 $277 -- -- --
2024 $277 -- -- --
2023 $277 $4,782,861 $4,782,861 $0
2022 $2,088 $4,843,665 $4,689,080 $154,585
2021 $2,072 $4,748,692 $4,597,138 $151,554
2020 $52,733 $4,700,000 $4,550,000 $150,000
2019 $16,116 $1,359,829 $1,302,585 $57,244
2018 $16,180 $1,333,167 $1,277,045 $56,122
2017 $16,030 $1,307,027 $1,252,005 $55,022
2016 $15,018 $1,281,400 $1,227,456 $53,944
2015 $14,860 $1,262,153 $1,209,019 $53,134
2014 $15,099 $1,237,430 $1,185,336 $52,094
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81672453

MLSListings

APN: 708-33-008