
Seller's Agent in 2023
Sarah Schoeneman
Mendo Sotheby's International
(510) 418-0070
72 Total Sales
Estimated Value: $3,140,613
Ideal for 1031 exchange, a Mendocino village coastal mixed use property. A beautiful newly constructed home with separate mixed-use income. This recent NY Times featured, 2bd/2ba 1,980 sf Victorian Italianate inspired design with energy efficient amenities including paid for solar, newly constructed in 2023 on .28 acres also includes a detached studio. Mendocino has a pleasant coastal climate with an average summer high of 63 degrees. This central village location is within 500' of restaurants, bank, post office, museum and three blocks to stunning state park protected coastal bluffs. It is extremely difficult to build in the village of Mendocino located on the coast of Northern California. This home was the first new home to be constructed in the village in 15 years requiring numerous state and local agency approvals. In addition, there is a separate fully leased 3-unit Victorian House on the property that was built in 2005 which includes Edward Jones, a national corporate office tenant, and two apartment residences that are fully leased. This is a fantastic opportunity for a 1031 exchange, live work, or just enjoy the benefits of a quality investment that took over 5 years to develop. Property is currently on the waiting list for Single Unit Rental in the Village.
Last Agent to Sell the Property
Mendo Sotheby's International License #01383401 Listed on: 04/11/2023
Date | Buyer | Sale Price | Title Company |
---|---|---|---|
Hansen Monte Lee | $3,175,000 | Redwood Empire Title | |
Schmitt Robert Joseph | $675,000 | First American Title Co |
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Hansen Monte Lee | $1,950,000 | |
Previous Owner | Schmitt Robert Joseph | $275,000 |
Date | Event | Price | List to Sale | Price per Sq Ft |
---|---|---|---|---|
12/08/2023 12/08/23 | Sold | $3,175,000 | -3.6% | $690 / Sq Ft |
06/28/2023 06/28/23 | Price Changed | $3,295,000 | -5.2% | $716 / Sq Ft |
05/18/2023 05/18/23 | Price Changed | $3,475,000 | -4.8% | $755 / Sq Ft |
04/11/2023 04/11/23 | For Sale | $3,650,000 | -- | $793 / Sq Ft |
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 | $36,455 | $3,238,500 | $1,133,220 | $2,105,280 |
2023 | $36,455 | $774,847 | $306,767 | $468,080 |
2022 | $9,550 | $759,654 | $300,752 | $458,902 |
2021 | $9,351 | $756,309 | $294,855 | $461,454 |
2020 | $8,500 | $737,118 | $291,830 | $445,288 |
2019 | $8,398 | $722,670 | $286,110 | $436,560 |
2018 | $8,263 | $688,500 | $280,500 | $408,000 |
2017 | $7,746 | $675,000 | $275,000 | $400,000 |
2016 | $3,072 | $256,735 | $100,573 | $156,162 |
2015 | $3,062 | $252,881 | $99,063 | $153,818 |
2014 | $2,982 | $247,927 | $97,122 | $150,805 |
Seller's Agent in 2023
Sarah Schoeneman
Mendo Sotheby's International
(510) 418-0070
72 Total Sales
Buyer's Agent in 2023
David Palma
eXp Realty of California, Inc
(916) 337-7845
87 Total Sales
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 323022174
APN: 119-234-11-00