NOT LISTED FOR SALE

Estimated Value: $1,019,000 - $7,592,000

181 Acres
$28,503 Price per Acre
7,877,390 Sq Ft Lot

Last Sold July 13, 2021

Last sale price $6,330,000 $3,181 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $32,825/month

36 Days on Market

Highlights

  • 180.84 Acre Lot
  • Crops Farm
  • Agricultural
  • No HOA

About This Lot

As of July 2021

Approximately 180 acres of good farm land within and receives water from the Modesto Irrigation District and there is also an old deep well located on the property. Property is currently used as a small dairy facility. Nice main home and also a small ranch home and many out buildings.

Last Agent to Sell the Property

Lane Menezes

PMZ Commercial Real Estate License #01064799 Listed on: 05/06/2021

PMZ Commercial Real Estate

Last Buyer's Agent

Lynn Garber

PMZ Commercial Real Estate License #01313826

PMZ Commercial Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $81,730

Lot Details

  • 180.84 Acre Lot
  • Property fronts a county road
  • Possible uses of the property include Agricultural
  • Property is zoned AG, Agricultural

Farming

  • Crops Farm
  • Crops
  • Agricultural

Additional Features

  • Accessory Dwelling Unit (ADU)
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 014-029-002-000

Property Details

Property Type

Land

Est. Annual Taxes

$81,730

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Agriculture
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Additional Living Description: See Remarks

Exterior Features

  • Horse Property: No
  • Listing Price: 6330000.00
  • Lot Features: See Remarks
  • Road Frontage: County Road
  • Additional Living Units: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: See Remarks
  • Water Source: See Remarks

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Modesto City

Lot Info

  • Zoning: AG
  • Crops: Row Crops
  • Current Use: Agricultural
  • Development Status: Raw Land
  • Zoning Description: Agricultural
  • Irrigation: Public District
  • Lot Size Acres: 180.8400
  • Lot Size Sq Ft: 7877390
  • Possible Use: Agricultural

Multi Family

  • Income Includes: None

Tax Info

  • Assessor Parcel Number: 014-029-002-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Stanislaus

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 10, 2024
Sold by
Monache Meadows Ag
Bought by
Modesto Reservoir Ranch
Current Estimated Value
$4,774,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,080,000
Outstanding Balance
$5,029,142
Interest Rate
6.09%
Mortgage Type
Construction
Estimated Equity
$125,335

Purchase Details

Listed on
May 6, 2021
Closed on
Jul 1, 2021
Sold by
Demergasso Ranches Inc
Bought by
Ag Monache Meadows
Seller's Agent
Lane Menezes
PMZ Commercial Real Estate
Buyer's Agent
Lynn Garber
PMZ Commercial Real Estate
List Price
$6,330,000
Sold Price
$6,330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.90%
Original Mortgage
$3,450,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
May 6, 2021
Closed on
Jun 22, 2021
Sold by
Postma William J and Postma Bud
Bought by
Demergasso Ranches Inc
Seller's Agent
Lane Menezes
PMZ Commercial Real Estate
Buyer's Agent
Lynn Garber
PMZ Commercial Real Estate
List Price
$6,330,000
Sold Price
$6,330,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,450,000
Interest Rate
2.9%
Mortgage Type
Commercial
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
Modesto Reservoir Ranch -- Chicago Title
Ag Monache Meadows $6,330,000 Cypress Title Corporation
Demergasso Ranches Inc -- Cypress Title Corporation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Modesto Reservoir Ranch $2,000,000
Open Modesto Reservoir Ranch $5,080,000
Previous Owner Ag Monache Meadows $3,450,000
Previous Owner Demergasso Ranches $3,803,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $6,330,000 0.0% $3,181 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
05/06/2021 05/06/21 For Sale $6,330,000 -- $3,181 / Sq Ft
Source: MetroList

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
2024 $81,730 $6,594,531 $6,211,708 $382,823
2023 $74,723 $6,466,870 $6,089,910 $376,960
2022 $71,900 $6,356,818 $5,970,500 $386,318
2021 $19,431 $1,661,452 $1,089,988 $571,464
2020 $19,335 $1,651,144 $1,078,812 $572,332
2019 $19,618 $1,663,181 $1,057,659 $605,522
2018 $19,388 $1,637,589 $1,036,921 $600,668
2017 $20,059 $1,611,101 $1,016,590 $594,511
2016 $19,649 $1,588,905 $996,657 $592,248
2015 $20,066 $1,617,168 $981,687 $635,481
2014 $20,362 $1,593,158 $962,458 $630,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MetroList

MLS Number: 221046909

MetroList

APN: 014-29-02