NOT LISTED FOR SALE

27054 River Rd Salinas, CA 93908

Estimated Value: $2,465,000

250 Acres
$9,860 Price per Acre
10,890,000 Sq Ft Lot

Last Sold November 19, 2019

Last sale price $1,700,000

Est. 45% increase in value since last sale

Current estimated payment $13,452/month

136 Days on Market

Highlights

  • City Lights View
  • Pasture
  • Lot Has A Rolling Slope
  • 250 Acre Lot
  • Gated Home

About This Lot

As of November 2019

The Meadowview Ranch is an iconic 250-acre ranch off River Road with beautiful pastures, rolling hillsides and a highly recognizable barn. The property has historically been used as a small cattle ranch with up to 35 head, but a new owner may decide to transform the property into a rural home site, gentleman's ranch or an artisan vineyard. The property is improved with an approximately 4,500 sq. ft. barn with power, steel fenced corrals and gates, and four separately fenced pastures. One well provides ample water with a 40hp pump that produces in the range of 1,300 to 1,800 gpm. The property is zoned F/40-D and PG/40-D. A minor subdivision may be possible and a Tentative Minor Subdivision Map has been created. Located in the middle of the River Road Wine Trail, the Meadowview Ranch is just one property removed, or 0.25 miles, from the famed Santa Lucia Highlands AVA.

Last Agent to Sell the Property

Joe Piini

Piini Realty License #01889295 Listed on: 05/09/2019

Last Buyer's Agent

Joe Piini

Piini Realty License #01889295 Listed on: 05/09/2019

Property Details

Property Type

  • Land

Lot Details

  • 250 Acre Lot
  • Gated Home
  • Cross Fenced
  • Property is Fully Fenced
  • Electric Fence
  • Lot Has A Rolling Slope
  • Hillside Location

Property Views

  • City Lights
  • Valley

Additional Features

  • Pasture
  • Horses Potentially Allowed on Property
  • Well

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Zoning: F/40-D and PG/40-D
  • Subclass: Agriculture/Ranch Land
  • Listing Class: Residential Lots & Land
  • Present Use: Grazing, Pasture
  • Development Status: Subdivision - Possible, Tentative Map
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: City, City Lights, Pasture, Valley
  • Horse Property: Possible
  • Fencing: Complete Perimeter, Cross Fenced, Electrified, Gate

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Hillside, Grade - Rolling, Grade - Varies
  • Lot Acres: 250.0000
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10890000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10890000.00
  • Parcel Access: Gravel, Private Road - Share Access

Multi Family

  • Utilities: Electricity - On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Oct 29, 2019
Sold by
Ferrasci Kenneth
Bought by
Silva Stanley George
Seller's Agent
Joe Piini
Piini Realty
Buyer's Agent
Joe Piini
Piini Realty
List Price
$2,200,000
Sold Price
$1,700,000
Premium/Discount to List
-$500,000
-22.73%
Current Estimated Value
$2,465,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$765,000
Original Mortgage
$1,020,000
Outstanding Balance
$898,229
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Listed on
May 9, 2019
Closed on
Oct 18, 2019
Sold by
Mueller Annette Ferrasci
Bought by
Ferrasci Kenneth
Seller's Agent
Joe Piini
Piini Realty
Buyer's Agent
Joe Piini
Piini Realty
List Price
$2,200,000
Sold Price
$1,700,000
Premium/Discount to List
-$500,000
-22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,020,000
Outstanding Balance
$898,229
Interest Rate
3.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2007
Sold by
Ferrasci Stephanie M and Ferrasci Stephanie Marie
Bought by
Ferrasci Kenneth E and Ferrasci Kenneth Eugene

Purchase Details

Closed on
Sep 17, 2003
Sold by
Ferrasci Kenneth E
Bought by
Separa Ferrasci Kenneth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Silva Stanley George $1,700,000 Chicago Title Company
Silva Tammy L -- None Available
Ferrasci Kenneth -- Chicago Title Company
Ferrasci Kenneth E -- None Available
Separa Ferrasci Kenneth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Stanley George $1,020,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2019 11/19/19 Sold $1,700,000 -8.1% --
09/23/2019 09/23/19 Pending -- -- --
07/16/2019 07/16/19 Price Changed $1,850,000 -15.9% --
05/09/2019 05/09/19 For Sale $2,200,000 -- --
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 $6,746 $607,942 $564,744 $43,198
2024 $6,746 $593,374 $551,023 $42,351
2023 $6,878 $581,715 $540,194 $41,521
2022 $7,094 $570,466 $529,759 $40,707
2021 $8,321 $560,302 $520,393 $39,909
2020 $7,309 $652,000 $612,500 $39,500
2019 $828 $57,809 $33,243 $24,566
2018 $808 $56,677 $32,592 $24,085
2017 $794 $55,566 $31,953 $23,613
2016 $766 $54,477 $31,327 $23,150
2015 -- $53,660 $30,857 $22,803
2014 -- $52,610 $30,253 $22,357
Source: Public Records

Agents Affiliated with this Home

  • Joe Piini

    Seller's Agent in 2019

    Joe Piini

    Piini Realty

    (831) 229-6913

    45 Total Sales

    Joe Piini
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Map

Source: MLSListings

MLS Number: ML81751156

MLSListings

APN: 167-071-007-000

California Monterey County Salinas 93908

27054 River Rd, Salinas, CA

Not Listed for Sale

Lots

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