NOT LISTED FOR SALE

2960 Graham Hill Rd Scotts Valley, CA 95066

Estimated Value: $2,779,182

48.05 Acres
$57,843 Price per Acre
2,092,927 Sq Ft Lot

Last Sold March 01, 2019

Last sale price $3,900,000 $2,260 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $16,983/month

153 Days on Market

Highlights

  • 48.05 Acre Lot
  • Partially Fenced Property
  • Gentle Sloping Lot
  • Mission Hill Middle School Rated A-

About This Lot

As of March 2019

Generational opportunity to acquire 48 acres spread over 8 contiguous parcels along Graham Hill Road located between Santa Cruz and Scotts Valley. Across Graham Hill Road is the 4,600+ acre Henry Cowell Park. Current zoning varies from Residential-Agricultural to Special Use. General plan designation is Residential Rural. The property has nearly 4,000 feet of frontage of along Graham Hill Road. Seller has not completed any studies or reports regarding the development potential of the property.

Last Agent to Sell the Property

Erik Barbic

Sherman & Boone Realtors License #01736370 Listed on: 06/15/2018

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29,226

Lot Details

  • 48.05 Acre Lot
  • Partially Fenced Property
  • Gentle Sloping Lot

Horse Facilities and Amenities

  • Horses Potentially Allowed on Property

Property Details

Property Type

Land

Est. Annual Taxes

$29,226

Lot Details

0

Listing Details

  • Zoning: SU & RA
  • Subclass: Residential Development Land
  • Listing Class: Residential Lots & Land
  • Present Use: Bare Land
  • Development Status: No Site Approval
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Horse Property: Possible
  • Fencing: Partial Fencing

Lot Info

  • Lot Description: Grade - Gently Sloped, Grade - Varies
  • Lot Acres: 48.0470
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 2092928.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 2092928.00
  • Parcel Access: County Maintained Road

Multi Family

  • Utilities: Electricity - On Site

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Formico11 Family Living Trust
Bought by
Rfl Property Holdings Llc
Current Estimated Value
$2,779,182

Purchase Details

Listed on
Jun 15, 2018
Closed on
Feb 19, 2019
Sold by
Lam Richard F
Bought by
Formico11 Family Living Trust
Seller's Agent
Erik Barbic
Sherman & Boone Realtors
Buyer's Agent
RECIP
Out of Area Office
List Price
$4,500,000
Sold Price
$3,900,000
Premium/Discount to List
-$600,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.95%
Original Mortgage
$3,315,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back
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
Rfl Property Holdings Llc $2,600,000 First American Title
Formico11 Family Living Trust $3,900,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formico11 Family Living Trust $3,315,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2019 03/01/19 Sold $3,900,000 -13.3% $2,260 / Sq Ft
11/16/2018 11/16/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $4,500,000 -- $2,607 / Sq Ft
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 $29,226 $2,705,040 $2,299,284 $405,756
2023 $5,099 $411,726 $379,560 $32,166
2022 $5,031 $403,652 $372,117 $31,535
2021 $4,823 $395,738 $364,821 $30,917
2020 $4,787 $391,680 $361,080 $30,600
2019 $3,539 $279,480 $248,880 $30,600
2018 $1,828 $117,316 $102,417 $14,899
2017 $1,810 $115,017 $100,410 $14,607
2016 $1,735 $112,762 $98,441 $14,321
2015 $1,602 $111,068 $96,962 $14,106
2014 $1,581 $108,893 $95,063 $13,830
Source: Public Records

Agents Affiliated with this Home

  • Erik Barbic

    Seller's Agent in 2019

    Erik Barbic

    Sherman & Boone Realtors

    (831) 464-5039

    32 Total Sales

    Erik Barbic
    Section Image

  • R

    Buyer's Agent in 2019

    RECIP

    Out of Area Office

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Map

Source: MLSListings

MLS Number: ML81710453

MLSListings

APN: 061-441-04-000

California Santa Cruz County Scotts Valley 95060

2960 Graham Hill Rd, Scotts Valley, CA

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