NOT LISTED FOR SALE

755 Albert Way Arroyo Grande, CA 93420

Estimated Value: $2,340,332

3 Beds
2 Baths
1,152 Sq Ft
$2,032/Sq Ft Est. Value

Last Sold June 26, 2018

Last sale price $1,500,000 $1,302 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $14,330/month

60 Days on Market

Highlights

  • Golf Course Community
  • View of Trees or Woods
  • Corner Lot
  • Horse Property Unimproved
  • 1,660,507 Sq Ft lot
  • No HOA

About This Home

As of June 2018

Nearly 40 acres (38 plus) located southeast corner of Willow Road & Albert Way lies in the Residential Rural land use category. Great land for farm or ranch with multiple pastures. Other possibilities include subdivision and parcel sales, custom homes development, equestrian, greenhouses and more. A prime location in the Willow Road corridor nestled between the Black Lake and Trilogy golf resorts. Outbuildings and older house in poor condition. On site well & power to the property. Don’t disturb tenant. Buyer to check with the county building department to confirm all allowable uses.

Last Agent to Sell the Property

Alan Deckel

RE/MAX Success License #00798677 Listed on: 02/08/2018

RE/MAX Success

Last Buyer's Agent

Michelle Shipman

SearchLight Properties License #01703087

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,667

Year Built

  • Built in 1945

Lot Details

  • 38.12 Acre Lot
  • Rural Setting
  • Corner Lot
  • Rectangular Lot
  • Value in Land
  • Tear Down
  • Property is zoned Residential/Rural

Property Views

  • Woods
  • Pasture

Home Design

  • 1,152 Sq Ft Home
  • Ranch Style House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Well
  • Septic Type Unknown

Additional Features

  • Pasture
  • Horse Property Unimproved

Listing and Financial Details

  • Assessor Parcel Number 091204009

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,667

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Subdivision Name Other: Mesa(700)
  • View: Yes
  • Zoning: Residential/Rural
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 091204009
  • Year Built: 1945
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 1152.00 Square Feet
  • Common Walls: No Common Walls
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 1302.08
  • Room Type: All Bedrooms Down

Exterior Features

  • View: Pasture, Trees/Woods
  • Pool Private: No

Utilities

  • Laundry: No
  • Sewer: Septic Type Unknown
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Golf, Rural

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Horse Property Unimproved, Rectangular Lot, Pasture, Ranch, Tear Down, Value In Land
  • Lot Size Sq Ft: 1660507.20

Multi Family

  • Lease Considered: No
  • Number Of Units In Community: 1
  • Number Of Units Total: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2018
Closed on
May 4, 2018
Sold by
Melton Michael E and Melton Robert D
Bought by
Blackjacks Farms Equipment Inc
Seller's Agent
Alan Deckel
RE/MAX Success
Buyer's Agent
Michelle Shipman
SearchLight Properties
List Price
$1,800,000
Sold Price
$1,500,000
Premium/Discount to List
-$300,000
-16.67%
Current Estimated Value
$2,340,332

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$840,332
Avg. Annual Appreciation
6.15%
Original Mortgage
$975,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 5, 2017
Sold by
Brown Mccray Lois
Bought by
Melton Michael E and Melton Robert D
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
Blackjacks Farms Equipment Inc $1,500,000 Placer Title Co
Melton Michael E -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackjacks Farms Equipment Inc $975,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2018 06/26/18 Sold $1,500,000 -16.7% $1,302 / Sq Ft
04/09/2018 04/09/18 Pending -- -- --
02/08/2018 02/08/18 For Sale $1,800,000 -- $1,563 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $24,667 $2,387,763 $1,804,349 $583,414
2024 $24,465 $2,351,162 $1,768,970 $582,192
2023 $24,465 $2,312,690 $1,734,285 $578,405
2022 $23,148 $2,178,084 $1,700,280 $477,804
2021 $22,752 $2,102,721 $1,666,942 $435,779
2020 $18,112 $1,675,860 $1,649,850 $26,010
2019 $18,001 $1,643,000 $1,617,500 $25,500
2018 $19,687 $1,782,960 $1,680,960 $102,000
2017 $1,660 $150,225 $143,603 $6,622
2016 $1,566 $147,281 $140,788 $6,493
2015 $1,543 $145,070 $138,674 $6,396
2014 $1,486 $142,229 $135,958 $6,271
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SC18030381

California Regional Multiple Listing Service (CRMLS)

APN: 091-204-009