NOT LISTED FOR SALE

275 Margie Dr Willits, CA 95490

Estimated Value: $185,000 - $387,000

8.8 Acres
$32,500 Price per Acre
383,328 Sq Ft Lot

Last Sold February 21, 2023

Last sale price $400,000 $1 Per Sq Ft

Est. 28% decrease in value since last sale

Current estimated payment $1,721/month

924 Days on Market

Highlights

  • 8.8 Acre Lot
  • Property is near public transit
  • Partial crossed fence
  • Mountain View

About This Lot

As of February 2023

Imagine what you can do with this undeveloped property in the City of Willits. Two legal parcels with a total of 8.8 acres. Zoning allows residential, duplex and apartments. Easy access to South Main Street and Highway 101. Shopping, transportation, restaurants & hospital nearby.

Last Agent to Sell the Property

Sal Madrigal

RE/MAX Gold - Selzer and Assoc License #01139481 Listed on: 08/10/2020

RE/MAX Gold - Selzer and Assoc

Last Buyer's Agent

Nancy Borecky

RE/MAX Gold - Selzer and Assoc License #00578191

RE/MAX Gold - Selzer and Assoc

Property Details

Property Type

  • Land

Lot Details

  • 8.8 Acre Lot
  • Partial crossed fence
  • Corners Of The Lot Have Been Marked
  • Zoning described as Multi-Residential,Residential,Rezone Possible

Property Views

  • Mountain
  • Hills

Location

  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 007-231-06-00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Residential Acreage
  • Directions To Property: From San Francisco, go North on Hwy 101 to Monica Lane, and turn right into the property which is on the south end of Willits.
  • Lot Size Acres: 8.8000
  • Road Surface Type: Paved
  • Sale Lease Rent: Sale
  • Special Features: None

Exterior Features

  • Lot Features: Public Trans Nearby, Other
  • Fencing: Partial Cross
  • View: Hills, Mountains

Utilities

  • Sewer: Unknown
  • Water Source: Public

Lot Info

  • Assessor Parcel Number: 007-231-06-00
  • Lot Size Sq Ft: 383328.00
  • Price Per Acre: 45454.55
  • CurrentUse: NONE
  • DevelopmentStatus: Corners Marked, Surveyed
  • Second Parcel Number: 007-250-16-00
  • Zoning Description: Multi-Residential,Residential,Rezone Possible

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Feb 14, 2023
Sold by
John A Mayer Family Trust
Bought by
Rural Communities Housing Development Corpora
Seller's Agent
Sal Madrigal
RE/MAX Gold - Selzer and Assoc
Buyer's Agent
Nancy Borecky
RE/MAX Gold - Selzer and Assoc
List Price
$400,000
Sold Price
$400,000
Views
21
Current Estimated Value
$286,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$114,000
Avg. Annual Appreciation
-10.89%
Original Mortgage
$2,000,000
Outstanding Balance
$1,932,459
Interest Rate
6.48%
Mortgage Type
Construction
Estimated Equity
-$1,646,459

Purchase Details

Listed on
Aug 10, 2020
Closed on
Jan 25, 2023
Sold by
John A Mayer Family Trust and Mayer John A
Bought by
Rural Communities Hsng Dev Cor
Seller's Agent
Sal Madrigal
RE/MAX Gold - Selzer and Assoc
Buyer's Agent
Nancy Borecky
RE/MAX Gold - Selzer and Assoc
List Price
$400,000
Sold Price
$400,000
Views
21

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
Outstanding Balance
$1,932,459
Interest Rate
6.48%
Mortgage Type
Construction
Estimated Equity
-$1,646,459
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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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
Rural Communities Housing Development Corpora $400,000 Redwood Empire Title
Rural Communities Hsng Dev Cor $400,000 Redwood Empire Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rural Communities Housing Development Corpora $2,000,000
Closed Rural Communities Hsng Dev Cor $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/21/2023 02/21/23 Sold $400,000 0.0% $1 / Sq Ft
08/09/2022 08/09/22 For Sale $400,000 0.0% $1 / Sq Ft
08/05/2022 08/05/22 Off Market $400,000 -- --
08/10/2020 08/10/20 For Sale $400,000 -- $1 / 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 $2,880 $261,681 $261,681 --
2023 $2,880 $191,083 $191,083 $0
2022 $2,107 $187,337 $187,337 $0
2021 $2,092 $183,664 $183,664 $0
2020 $2,038 $181,864 $181,864 $0
2019 $2,035 $178,299 $178,299 $0
2018 $1,927 $174,803 $174,803 $0
2017 $1,885 $171,377 $171,377 $0
2016 $1,871 $168,017 $168,017 $0
2015 $1,839 $165,495 $165,495 $0
2014 $1,816 $162,254 $162,254 $0
Source: Public Records

Agents Affiliated with this Home

  • Sal Madrigal

    Seller's Agent in 2023

    Sal Madrigal

    RE/MAX Gold - Selzer and Assoc

    (707) 459-3223

    6 in this area

    18 Total Sales

    Sal Madrigal
    Section Image

  • N

    Buyer's Agent in 2023

    Nancy Borecky

    RE/MAX Gold - Selzer and Assoc

    (707) 467-3631

    5 in this area

    54 Total Sales

    Nancy Borecky
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22018765

Bay Area Real Estate Information Services (BAREIS)

APN: 007-231-06-00

California Mendocino County Willits 95490

275 Margie Dr, Willits, CA

Not Listed for Sale

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