NOT LISTED FOR SALE

Estimated Value: $4,332,098

41.6 Acres
$104,137 Price per Acre
1,812,096 Sq Ft Lot

Sale Details

Date Sold: August 20, 2015

Last sale price $2,400,000

Est. 81% increase in value since last sale

Current estimated payment $26,489 / mo

1355 Days on Market

About This Lot

As of August 2015

The subject property is a proposed mixed use development on approximately 41.6 acres. There are 170 prepaid water meters that run with the proposed development. It is very difficult to obtain water in Templeton and the cost of water meters have gone up in price. The subject property area has high visibility from the 101 freeway and good access from interchanges which will give adequate appeal to investors and future tenants. Without entitlements approved or set in stone'' one could revise the mixed use element to meet today's market demand. Lender Owned; Subject to Bankruptcy Court approval and overbid; Addendum to accompany all offers; Property sold as is''. INTERESTED PARTIES MUST SUBMIT AN OVERBID FOR NOT LESS THAN $2,350,000 ON A SPECIAL FORM OBTAINED FROM LISTING AGENT NO LATER THAN 7/8/15 ALONG WITH CASHIER'S CHECK PAYABLE TO ESTATE FINANCIAL, INC IN AMOUNT OF $70,500. INCREMENTS THEREAFTER SHALL BE $10,000.

Last Agent to Sell the Property

Tom Reimers

Park Place Partners, Inc. License #01357943 Listed on: 06/26/2015

Last Buyer's Agent

Bob Fonarow

Keller Williams Realty Central Coast License #00328876

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Property Type

  • Land

Lot Details

  • 41.6 Acre Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 040211009

Property Details

Property Type

Land

Lot Details

41.6 Acres

Listing Details

  • Assessments: No
  • Possible Use Comments: Single Family.
  • Subdivision Name Other: PR Dry Creek(270)
  • Property Type: Land
  • Parcel Number: 040211009
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 1.32

Utilities

  • Water Source: Public
  • Water Well: No

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 1812096.00
  • Lot Size Acres: 41.6000

Multi Family

  • Lot Size Area: 1812096.0000

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2015
Closed on
Aug 6, 2015
Sold by
Jeremiassen Thomas P
Bought by
Seller's Agent
Tom Reimers
Park Place Partners, Inc.
Buyer's Agent
Bob Fonarow
Keller Williams Realty Central Coast
List Price
$6,000,000
Sold Price
$2,400,000
Premium/Discount to List
-$3,600,000
-60%
Current Estimated Value
$4,332,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,932,098
Avg. Annual Appreciation
5.51%

Purchase Details

Closed on
Nov 9, 2009
Sold by
Templeton Mixed Use Partners
Bought by
Jeremiassen Thomas P and Estate Financial

Purchase Details

Closed on
Sep 28, 2004
Sold by
Baril Max H
Bought by
Templeton Mixed Use Partners Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,200,000
Interest Rate
5.77%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 18, 2003
Sold by
Georges & Max Lp
Bought by
Baril Max H and Baril Eleanor D

Purchase Details

Closed on
Oct 12, 1999
Sold by
Owens Milton H and Owens Mildred M
Bought by
Georges & Max Lp

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
Interest Rate
7.77%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 8, 1994
Sold by
Owens Milton H and Owens Mildred M
Bought by
Owens Milton H and Owens Mildred M
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,400,000 First American Title Company
Jeremiassen Thomas P $500,000 Accommodation
Templeton Mixed Use Partners Lp -- First American Title Co
Baril Max H -- First American Title Company
Georges & Max Lp -- First American Title Ins Co
Owens Milton H -- --
Owens Milton H -- --
Westmont College -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $13,342,500
Previous Owner Templeton Mixed Use Partners Lp $11,200,000
Previous Owner Georges & Max Lp $2,000,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/20/2015 08/20/15 Sold $2,400,000 -60.0% --
07/24/2015 07/24/15 Pending -- -- --
11/07/2011 11/07/11 For Sale $6,000,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $32,425 $2,897,932 $2,897,932
2025 $30,255 $2,841,110 $2,841,110
2024 $29,709 $2,785,402 $2,785,402
2023 $29,709 $2,730,787 $2,730,787 $0
2022 $29,137 $2,677,243 $2,677,243 $0
2021 $28,565 $2,624,749 $2,624,749 $0
2020 $28,271 $2,597,836 $2,597,836 $0
2019 $27,538 $2,546,899 $2,546,899 $0
2018 $26,998 $2,496,960 $2,496,960 $0
2017 $26,469 $2,448,000 $2,448,000 $0
2016 $25,950 $2,400,000 $2,400,000 $0
2015 $29,187 $2,700,000 $2,700,000 $0
2014 $28,674 $2,700,000 $2,700,000 $0
Source: Public Records

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SL181895

California Regional Multiple Listing Service (CRMLS)

APN: 040-211-009

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