NOT LISTED FOR SALE

23500 N State Route 88 Hwy Clements, CA 95227

97.23 Acres
-- Price per Acre
4,235,339 Sq Ft Lot

Last Sold October 26, 2018

Last sale price $2,850,000

19 Days on Market

Highlights

  • 97.23 Acre Lot
  • No HOA
  • Partially Fenced Property
  • Vineyard
  • Agricultural

About This Lot

As of October 2018

These vineyards are located on a large bluff overlooking the Mokelumne river. Planted to Cabernet and Chardonnay, both of which have a proven track record of producing 8 and 9 tons per acre crops. Cab and Chardonnay also have the largest base of consumers in the US. The vineyard is located in the Clements Hills AVA which is characterized by its rolling hills. Easy access to Highway 88, large Oaks and the great scenery make this an all-around investment.

Last Agent to Sell the Property

Joseph Petersen

Petersen & Company License #01489372 Listed on: 08/13/2018

Last Buyer's Agent

Joseph Petersen

Petersen & Company License #01489372 Listed on: 08/13/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $17,524

Lot Details

  • 97.23 Acre Lot
  • Property fronts a highway
  • Partially Fenced Property
  • Possible uses of the property include Agricultural,Orchard,Vineyard
  • Property is zoned AG-40, Agricultural

Farming

  • Vineyard
  • Agricultural

Utilities

  • No Utilities
  • Shared Well
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 023-030-62

Property Details

Property Type

Land

Est. Annual Taxes

$17,524

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Agriculture
  • Primary Residence: None
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: None
  • Disclosures/Documents: Soils Map,See Remarks
  • Fencing: Partial
  • Listing Price: 3178800.00
  • Road Frontage: Highway
  • Road Surface Type: Gravel,Paved
  • Additional Living Units: No

Utilities

  • Sewer: None
  • Utilities: None
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Lodi Unified

Lot Info

  • Zoning: AG-40
  • Crops: Grapes
  • Current Use: Vineyard
  • Development Status: Farm Land
  • Zoning Description: Agricultural
  • Irrigation: Shared Pipeline
  • Lot Size Acres: 97.2300
  • Lot Size Sq Ft: 4235339
  • Possible Use: Agricultural,Orchard,Vineyard

Multi Family

  • Income Includes: Crop(s)

Tax Info

  • Assessor Parcel Number: 023-030-62
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): San Joaquin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2018
Closed on
Oct 23, 2018
Sold by
Davis Vineyards Llc
Bought by
Old Oak Land Co
Seller's Agent
Joseph Petersen
Petersen & Company
Buyer's Agent
Joseph Petersen
Petersen & Company
List Price
$3,178,800
Sold Price
$2,850,000
Premium/Discount to List
-$328,800
-10.34%

Purchase Details

Listed on
Mar 5, 2014
Closed on
Apr 30, 2014
Sold by
Chatfield Properties Ii Lp
Bought by
Davis Vineyards Llc
Seller's Agent
Joseph Petersen
Petersen & Company
Buyer's Agent
Joseph Petersen
Petersen & Company
List Price
$1,600,000
Sold Price
$1,450,000
Premium/Discount to List
-$150,000
-9.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.40%
Original Mortgage
$1,470,000
Interest Rate
4.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2012
Sold by
Chatfield Charles C and Chatfield Carolyn L
Bought by
Chatfield Properties Ii Lp

Purchase Details

Closed on
Feb 21, 2008
Sold by
Craig Edward J and Craig Barbara S
Bought by
Craig Edward J and Craig Barbara S
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
Old Oak Land Co $1,695,000 Old Republic Title Company
Davis Vineyards Llc -- Chicago Title Company
Davis Vineyards Llc -- Chicago Title Company
Chatfield Properties Ii Lp -- None Available
Craig Edward J -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis Vineyards Llc $1,470,000
Closed Old Oak Land Co $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/26/2018 10/26/18 Sold $2,850,000 -10.3% --
08/27/2018 08/27/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $3,178,800 +119.2% --
05/16/2014 05/16/14 Sold $1,450,000 -9.4% -- View Prior Sale
03/10/2014 03/10/14 Pending -- -- --
03/03/2014 03/03/14 For Sale $1,600,000 -- --
Source: MetroList

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 $17,524 $1,551,681 $1,339,737 $211,944
2024 $17,066 $1,521,257 $1,313,468 $207,789
2023 $16,701 $1,491,429 $1,287,714 $203,715
2022 $16,395 $1,462,187 $1,262,465 $199,722
2021 $16,101 $1,433,518 $1,237,711 $195,807
2020 $15,683 $1,418,820 $1,225,020 $193,800
2019 $15,367 $1,391,000 $1,201,000 $190,000
2018 $14,677 $1,320,849 $1,012,723 $308,126
2017 $14,350 $1,294,951 $992,866 $302,085
2016 $13,452 $1,269,559 $973,398 $296,161
2014 $9,373 $875,050 $667,055 $207,995
Source: Public Records

Agents Affiliated with this Home

  • Joseph Petersen

    Seller's Agent in 2018

    Joseph Petersen

    Petersen & Company

    (209) 210-8010

    107 Total Sales

    Joseph Petersen
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Map

Source: MetroList

MLS Number: 18055880

MetroList

APN: 023-030-62

California San Joaquin County Clements 95220

23500 N State Route 88 Hwy, Clements, CA

This home is located at 23500 N State Route 88 Hwy, Clements, CA 95227 since 13 August 2018. 23500 N State Route 88 Hwy is a home located in San Joaquin County with nearby schools including Lockeford Elementary School and Lodi High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MetroList IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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