NOT LISTED FOR SALE

45500 Drifters Reef Rd Mendocino, CA 95460

Estimated Value: $636,000 - $1,009,000

1.39 Acres
$622,107 Price per Acre
60,544 Sq Ft Lot

Last Sold November 19, 2021

Last sale price $926,000 $15 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $5,199/month

39 Days on Market

About This Lot

As of November 2021

Down a meandering exclusive neighborhood drive, away from the hustling pace, you arrive at a special location where sea birds and land mammals are front and center. Views of the rugged coastline to the south towards Mendocino Headlands State Park and to the north towards the Pt. Cabrillo Lighthouse Preserve are amazing. Whales will be visibly migrating in the spectacular views of this setting and it's surroundings. This 1.39 +\- acre shared oceanfront/bluff top parcel has a soils test, botanical study and drilled well. A potential building envelope is located within a portion of the property that may allow for a Categorical Exclusion application to be submitted, which could help expedite the development process. With proximity to Mendocino and Ft. Bragg, such a great property for your new home. Seller is requiring that Buyer cooperate in a Structured Installment Sale at close of escrow.

Last Agent to Sell the Property

Greg Burke

Mendo Sotheby's International License #01206312 Listed on: 08/06/2021

Mendo Sotheby's International

Last Buyer's Agent

Pamela Hudson

Pamela Hudson Real Estate License #01036573

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,285

Lot Details

  • 1.39 Acre Lot
  • Zoning described as Single-Family

Property Views

  • Ocean
  • Panoramic

Utilities

  • Well
  • Septic System
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 118-200-11-00

Property Details

Property Type

Land

Est. Annual Taxes

$6,285

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Residential Acreage
  • Directions To Property: Point Cabrillo to Drifters Reef to end on right.
  • Lot Size Acres: 1.3899
  • Sale Lease Rent: Sale
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: See Remarks
  • Fencing: Partial
  • View: Ocean, Panoramic

Utilities

  • Electric: Electric Available
  • Sewer: Septic Available
  • Utilities: Cable Available, Phone Available
  • Water Source: Private Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 118-200-11-00
  • Lot Size Sq Ft: 60544
  • Price Per Acre: 666234.98
  • CurrentUse: Vacant
  • NumberOfLots: 1
  • Zoning Description: Single-Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2021
Closed on
Oct 27, 2021
Sold by
Bowen Virginia L and The Bowen Family Revocable Tru
Bought by
Khatri Sven and Crum Poppy
Seller's Agent
Greg Burke
Mendo Sotheby's International
Buyer's Agent
Pamela Hudson
Pamela Hudson Real Estate
List Price
$926,000
Sold Price
$926,000
Current Estimated Value
$864,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,333
Avg. Annual Appreciation
-1.75%
Original Mortgage
$500,000
Outstanding Balance
$468,414
Interest Rate
4.62%
Mortgage Type
New Conventional
Estimated Equity
$397,253

Purchase Details

Closed on
Jul 10, 2001
Sold by
Bowen Larry T and Bowen Virginia L
Bought by
Bowen Larry T and Bowen Virginia L
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
Khatri Sven $926,000 Redwood Empire Ttl Co Of Men
Bowen Larry T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khatri Sven $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/19/2021 11/19/21 Sold $926,000 0.0% $15 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $926,000 -- $15 / 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 $6,285 $982,678 $982,678 --
2023 $6,285 $527,386 $527,386 $0
2022 $6,394 $517,046 $517,046 $0
2021 $6,282 $506,908 $506,908 $0
2020 $5,702 $501,610 $501,610 $0
2019 $5,633 $491,775 $491,775 $0
2018 $5,540 $482,132 $482,132 $0
2017 $5,291 $472,679 $472,679 $0
2016 $5,146 $463,411 $463,411 $0
2015 $5,129 $456,453 $456,453 $0
2014 $4,984 $447,514 $447,514 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Burke

    Seller's Agent in 2021

    Greg Burke

    Mendo Sotheby's International

    (707) 937-5822

    42 Total Sales

    Greg Burke
    Section Image
  • Pamela Hudson

    Buyer's Agent in 2021

    Pamela Hudson

    Pamela Hudson Real Estate

    (707) 937-3900

    29 Total Sales

    Pamela Hudson
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321075018

Bay Area Real Estate Information Services (BAREIS)

APN: 118-200-11-00

California Mendocino County Mendocino 95460

45500 Drifters Reef Rd, Mendocino, CA

This home is located at 45500 Drifters Reef Rd, Mendocino, CA 95460 since 06 August 2021 and is currently estimated at $864,667, approximately $14 per square foot. 45500 Drifters Reef Rd is a home located in Mendocino County with nearby schools including Mendocino High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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