NOT LISTED FOR SALE

8530 Locust Rd Elverta, CA 95626

Estimated Value: $1,994,000 - $2,867,000

92.5 Acres
$27,662 Price per Acre
4,029,300 Sq Ft Lot

Last Sold March 05, 2018

Last sale price $1,900,000

Est. 35% increase in value since last sale

Current estimated payment $15,276/month

59 Days on Market

Highlights

  • Horses Allowed On Property
  • No HOA
  • Cross Fenced
  • 92.5 Acre Lot

About This Lot

As of March 2018

EXCELLANT INVESTMENT OPPORTUNITY - Approx. 92.5 acres approved for the future construction of 214 single family residences. Currently a 2,033 sq. ft. single family residence with 2 car garage. Home appliances are electric the furnace is propane gas. Water is supplied by a domestic well. The Property has five major out-buildings ranging in size up to 10,000 sq.ft. Tenant is a horse bordering operation. Approximately 28 interior and 18 exterior horse enclosures, pastures and arenas

Last Agent to Sell the Property

Guy Spitzer

Guylon L. Spitzer, Broker License #01095648 Listed on: 11/15/2017

Last Buyer's Agent

Albert Tejeda

Better Homes Realty License #01315708

Better Homes Realty

Property Details

Property Type

  • Land

Lot Details

  • 92.5 Acre Lot
  • Cross Fenced
  • Possible uses of the property include Subdivision
  • Zoning described as Agricultural/Residential,Planned Unit Development,Residential,Split Possible

Additional Features

  • Horses Allowed On Property
  • Heating System Powered By Owned Propane

Community Details

  • No Home Owners Association
  • Placer Vineyards Specific Plan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 023-160-001-000

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Subtype 1: Residential Acreage
  • Primary Residence: 31+ Years Old,Bath 2+,Bedrooms 2,Family Room,Over 1500 SqFt
  • Subdivision: Placer Vineyards Specific Plan
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Other Equipment: None

Exterior Features

  • Other Structures: Barn,Commodity Shed,Free Stall Barn,Shed,Stable
  • Disclosures/Documents: Mineral Rights Included,Natural Hazard Disclosure Available,Possible Wetlands,Preliminary Title Report,Subject to Lease
  • Fencing: Cross Fenced
  • Horse Property: Yes
  • Listing Price: 2775000.00
  • Lot Features: Paved,Pond Seasonal
  • Road Surface Type: Paved
  • Additional Living Units: No

Utilities

  • Utilities: Propane Tank Owned
  • Water Source: Domestic Well With Pump,Pond Seasonal,Stream Seasonal

Condo/Co-op/Association

  • Association: No

Schools

  • Senior High School District: Twin Rivers Unified

Lot Info

  • Horse Amenities: 9+ Stalls,Arena,Barn,Boarding Facilities,Hay Storage,Pasture,Round Pen
  • Zoning: Residential
  • Crops: None
  • Current Use: Grazing,Livestock
  • Development Status: Map Required
  • Zoning Description: Agricultural/Residential,Planned Unit Development,Residential,Split Possible
  • Irrigation: Domestic Well
  • Lot Size Acres: 92.5000
  • Lot Size Sq Ft: 4029300
  • Possible Use: Subdivision

Rental Info

  • Current Rent: 53000

Multi Family

  • Income Includes: Lease

Tax Info

  • Assessor Parcel Number: 023-160-001-000
  • Bonds/Assessments/Taxes: Unknown

MLS Schools

  • School District (County): Placer

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2018
Sold by
Zheng Shizao
Bought by
Hengli 8 Llc
Current Estimated Value
$2,558,755

Purchase Details

Listed on
Nov 15, 2017
Closed on
Feb 22, 2018
Sold by
Pmf5c Llc
Bought by
Zheng Shizao
Seller's Agent
Guy Spitzer
Guylon L. Spitzer, Broker
Buyer's Agent
Albert Tejeda
Better Homes Realty
List Price
$2,775,000
Sold Price
$1,900,000
Premium/Discount to List
-$875,000
-31.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.87%

Purchase Details

Closed on
Nov 21, 2008
Sold by
Pmf5c Llc
Bought by
Pmf5c Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$807,500
Interest Rate
6.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 10, 1997
Sold by
Fong Paul E and Mae Fong
Bought by
Cotton Karen L and Fong Candace J

Purchase Details

Closed on
Mar 6, 1997
Sold by
Hartnett Daniel
Bought by
Fong Candace J

Purchase Details

Closed on
Mar 4, 1997
Sold by
Fong Paul E and Mae Fong
Bought by
Cotton Karen L and Fong Marsha J

Purchase Details

Closed on
Feb 28, 1997
Sold by
Tanouye Russell
Bought by
Tanouye Kimberly A

Purchase Details

Closed on
Dec 30, 1996
Sold by
Fong Paul E and Mae Fong
Bought by
Cotton Karen L and Fong Candace J
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
Hengli 8 Llc -- None Available
Zheng Shizao $1,900,000 Placer Title
Pmf5c Llc -- Placer Title Company
Cotton Karen L -- --
Fong Candace J -- North American Title Company
Cotton Karen L -- North American Title Company
Fong Paul E -- North American Title Company
Fong Paul E -- North American Title Company
Tanouye Kimberly A -- North American Title Company
Fong Paul E -- North American Title Company
Cotton Karen L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pmf5c Llc $807,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2018 03/05/18 Sold $1,900,000 -31.5% --
01/12/2018 01/12/18 Pending -- -- --
11/14/2017 11/14/17 For Sale $2,775,000 -- --
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
2025 $22,750 $2,119,480 $1,561,724 $557,756
2023 $22,750 $2,037,180 $1,501,081 $536,099
2022 $22,171 $1,997,237 $1,471,649 $525,588
2021 $22,155 $1,958,077 $1,442,794 $515,283
2020 $21,964 $1,938,000 $1,428,000 $510,000
2019 $21,440 $1,900,000 $1,400,000 $500,000
2018 $7,752 $688,896 $509,787 $179,109
2017 $7,603 $675,390 $499,792 $175,598
2016 $7,649 $662,148 $489,993 $172,155
2015 $7,050 $652,203 $482,633 $169,570
2014 $7,330 $639,428 $473,179 $166,249
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Guy Spitzer

    Guylon L. Spitzer, Broker

  • Albert Tejeda

    Buyer's Agent in 2018

    Albert Tejeda

    Better Homes Realty

    (916) 439-2647

    20 Total Sales

    Albert Tejeda
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Map

Source: MetroList

MLS Number: 17072794

MetroList

APN: 023-160-011

California Placer County Elverta 95626

8530 Locust Rd, Elverta, CA

Not Listed for Sale

Lots

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