NOT LISTED FOR SALE

Estimated Value: $1,098,000 - $3,800,690

53 Acres
$53,605 Price per Acre
2,324,797 Sq Ft Lot

Last Sold July 24, 2019

Last sale price $2,350,000 $702 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $18,177/month

48 Days on Market

Highlights

  • 53.37 Acre Lot
  • No HOA
  • Agricultural
  • Mountain View

About This Lot

As of July 2019

53 acres of irrigated farm ground on the Nipomo Mesa. Water is provided by two agricultural wells producing 284 gpm and 216 gpm. County records show the soil as Oceano sand (0-9% slope). Past crops have included cauliflower seed, brussel sprouts, broccoli and squash. Located in close proximity to many other agricultural users including nurseries and green houses. Property also benefits from residential income from a mobile home and a 1,470 square foot stick built residence.

Last Listed By

Dennis Allan

Allan Real Estate Investments License #00961923 Listed on: 03/06/2019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $27,795

Year Built

  • 1980

Lot Details

  • 53.37 Acre Lot
  • Rural Setting
  • Property is zoned RR

Property Views

  • Mountain
  • Neighborhood

Utilities

  • Agricultural Well Water Source
  • Well

Additional Features

  • Suburban Location
  • Agricultural

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 091311038

Property Details

Property Type

Land

Est. Annual Taxes

$27,795

Year Built

1980

Lot Details

0

Listing Details

  • Subdivision Name Other: Nipomo(340)
  • View: Yes
  • Zoning: RR
  • Property Type: Land
  • Parcel Number: 091311038
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1980

Interior Features

  • Price Per Square Foot: 1.01

Exterior Features

  • View: Mountain(s), Neighborhood

Utilities

  • Water Source: Agricultural Well
  • Water Well: Yes

Condo/Co-op/Association

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

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Agricultural - Row/Crop
  • Lot Size Sq Ft: 2324797.20
  • Lot Size Acres: 53.3700

Multi Family

  • Lot Size Area: 53.3700 Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2019
Sold by
Lauringson Enterprises
Bought by
Blackjack Farms Equipment Inc
Total Days on Market
48
Current Estimated Value
$2,860,897

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,527,500
Interest Rate
3.82%
Mortgage Type
Commercial

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Similar Property in Nipomo, CA

  • 0 Indiana Way Unit PI25034009, Nipomo, CA 93444

    $2,640,000

    • Land
    • 47 Acres
    • $55,779 per Acre
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    Certified organic strawberry farm for sale. The property consists of 2 parcels of land totaling approximately 47.33 acres. Both parcels are encumbered by an open space easement. Recent well test proves 550 gallons per minute. Property is currently fallow, and is ready for a farmer and/or investor.

    Dennis Allan Allan Real Estate Investments

    Section Image

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
Blackjack Farms Equipment Inc $2,350,000 Fnt South County Cost Center
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Blackjack Farms Equipment Inc $1,527,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $2,350,000 -2.1% $702 / Sq Ft
04/23/2019 04/23/19 Pending -- -- --
03/06/2019 03/06/19 For Sale $2,400,000 -- $717 / 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
2024 $27,795 $2,713,303 $2,514,312 $198,991
2023 $27,795 $2,627,381 $2,465,012 $162,369
2022 $26,778 $2,519,735 $2,416,679 $103,056
2021 $26,730 $2,470,330 $2,369,294 $101,036
2020 $25,397 $2,350,000 $2,250,000 $100,000
2019 $4,046 $369,326 $183,301 $186,025
2018 $3,998 $362,085 $179,707 $182,378
2017 $3,923 $354,986 $176,184 $178,802
2016 $3,700 $348,027 $172,730 $175,297
2015 $3,647 $342,800 $170,136 $172,664
2014 $3,512 $336,086 $166,804 $169,282
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PI19044701

California Regional Multiple Listing Service (CRMLS)

APN: 091-311-038