NOT LISTED FOR SALE

60-225 Jackson St Thermal, CA 92274

Estimated Value: $742,134

10.12 Acres
$73,333 Price per Acre
440,827 Sq Ft Lot

Last Sold December 02, 2020

Last sale price $559,000

Est. 33% increase in value since last sale

Current estimated payment $4,492/month

457 Days on Market

Highlights

  • Horse Property
  • 10.12 Acre Lot
  • Agricultural
  • Panoramic View

About This Lot

As of December 2020

Opportunity Knocking on this private over 10 acre property with an 8% CAP RATE. The Mobile Office Trailer is included in the purchase price and is in 'as is/where is' condition. It has 8 private offices, conference room, kitchenette, 2 bathrooms and its own separate entrance with covered patio and Parking galore. All the electric and plumbing is connected and operational. Permits were obtained thru the County of Riverside. All this plus fully separate 3 bay metal maintenance and service building with concrete pads and 14 foot roll up doors. This is a Ranchers/Farmers/Nursery/Contractors/Investors dream opportunity. Approximately 2 acres of the property are currently being used as a Palm Tree Nursery. Over 7 acres are open, flat and graded, to be used as the new buyer desires. Don't let this one get away as there are very few like it. Seller will cooperate with a 1031 Exchange as necessary and Lease back a portion of the property after close of escrow.

Last Agent to Sell the Property

Joseph Caffery

Caffery Capital License #00880650 Listed on: 08/24/2019

Last Buyer's Agent

Joseph Caffery

Caffery Capital License #00880650 Listed on: 08/24/2019

Property Details

Property Type

  • Land

Lot Details

  • 10.12 Acre Lot
  • Property fronts a private road

Property Views

  • Panoramic
  • Orchard Views
  • Mountain
  • Desert

Home Design

  • Ranch Property

Farming

  • Agricultural

Utilities

  • Property is located within a water district
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 764290011

Community Details

Overview

  • Vista Santa Rosa Subdivision

Recreation

  • Horse Property

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: D
  • Builders Tract Code: Vista Santa Rosa
  • Lp Sp Ratio: 0.9700
  • View Type: Desert, Mountain(s), Panoramic, Orchard
  • Water District Name: CVWD Canal Water with annual Access Fee
  • Internal Listing I D: 20190827021156792906000000
  • Listing I D: 219022651
  • Listing Member Address: 73241 HWY 111 Ste 1C, Palm Desert, CA 99260
  • Listing Office Address: 73241 HWY 111 Ste 1C, Palm Desert, CA 92260
  • List Office Board Code: California Desert Association of Realtors
  • Selling Member Address: 73241 HWY 111 Ste 1C, Palm Desert, CA 99260
  • Selling Office Address: 73241 HWY 111 Ste 1C, Palm Desert, CA 92260
  • Land Type: Fee
  • Subdivision: Vista Santa Rosa
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Yes

Utilities

  • Telephone Service: Phone Connected
  • Sewer: Septic Tank
  • Water: Water District
  • Utilities: Electricity Connected, Water Available

Lot Info

  • Assessments: Buyer to Verify, Unknown
  • Present Use: Agricultural, Tree Farm, Nursery
  • Assessor Parcel Number: 764290011
  • Lot Acres: 10.1200
  • Lot Location: Private Road
  • Lot Size: 440827.00
  • Land Info Cleared: 7 acres cleared and level
  • Land Info Improvements: CVWD Canal Water with annual Access Fee
  • Land Info Ingress Egress: Recorded Easement
  • Land Info Possible New Zone: Opportunity Zone
  • List Price per Acre: 59278.66
  • Lot Features: Agricultural, Ranch, Horse Property

Rental Info

  • Land Lease Type: Fee Simple

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2019
Closed on
Nov 30, 2020
Sold by
Logan Landscape Inc
Bought by
Santucci Jerry Anthony and Weber Eve Marie
Seller's Agent
Joseph Caffery
Caffery Capital
Buyer's Agent
Joseph Caffery
Caffery Capital
List Price
$639,000
Sold Price
$559,000
Premium/Discount to List
-$80,000
-12.52%
Current Estimated Value
$742,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,134
Avg. Annual Appreciation
5.59%
Original Mortgage
$300,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 19, 2013
Sold by
Caffery Financial Inc
Bought by
Logan Landscape Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 24, 2010
Sold by
Logan Mark C and Logan Julie A
Bought by
Caffery Financial Inc

Purchase Details

Closed on
Oct 16, 2003
Sold by
Thompson Judith Ann
Bought by
Thompson Ralph

Purchase Details

Closed on
Oct 15, 2003
Sold by
Thompson Ralph and Vandenboss Rod
Bought by
Logan Mark C and Logan Julie A

Purchase Details

Closed on
Feb 18, 2003
Sold by
Mckenzie Robert B and Mckenzie Yvonne L
Bought by
Thompson Ralph and Vandenbos Rod

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
5.79%
Mortgage Type
Seller Take Back
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
Santucci Jerry Anthony $559,000 Netco Title Company
Logan Landscape Inc $150,000 Fidelity National Title Insu
Caffery Financial Inc $161,365 None Available
Thompson Ralph -- Stewart Title Of Ca Inc
Vandenbos Rod -- Stewart Title Of Ca Inc
Logan Mark C -- Stewart Title Of Ca Inc
Thompson Ralph -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Santucci Jerry Anthony $300,000
Previous Owner Logan Landscape Inc $200,000
Previous Owner Thompson Ralph $147,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2020 12/02/20 Sold $559,000 -2.8% --
11/23/2020 11/23/20 Pending -- -- --
09/25/2020 09/25/20 Price Changed $575,000 -4.2% --
06/29/2020 06/29/20 Price Changed $599,900 -6.1% --
01/23/2020 01/23/20 For Sale $639,000 0.0% --
01/23/2020 01/23/20 Price Changed $639,000 +14.3% --
01/02/2020 01/02/20 Off Market $559,000 -- --
10/15/2019 10/15/19 Price Changed $649,777 -6.6% --
08/24/2019 08/24/19 For Sale $695,777 -- --
Source: California Desert Association of REALTORS®

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 $7,657 $605,076 $499,540 $105,536
2023 $7,657 $581,583 $480,144 $101,439
2022 $7,473 $570,180 $470,730 $99,450
2021 $7,342 $559,000 $461,500 $97,500
2020 $3,473 $258,403 $142,433 $115,970
2019 $3,417 $253,338 $139,641 $113,697
2018 $3,355 $248,371 $136,903 $111,468
2017 $3,358 $243,502 $134,219 $109,283
2016 $3,223 $238,729 $131,588 $107,141
2015 $3,099 $235,145 $129,612 $105,533
2014 $3,086 $230,541 $127,074 $103,467
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Joseph Caffery

    Caffery Capital

    (760) 275-8800

    16 Total Sales

    Joseph Caffery
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Map

Source: California Desert Association of REALTORS®

MLS Number: 219022651

California Desert Association of REALTORS®

APN: 764-290-011

California Riverside County Thermal 92274

60-225 Jackson St, Thermal, CA

Not Listed for Sale

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