$450,000
$495,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
8951 Highway 175 HWY Kelseyville, CA 95451
3 Beds
1 Bath
17.3 Acres Lot
Key Details
Sold Price $450,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC14048062
Sold Date 07/25/14
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1951
Lot Size 17.300 Acres
Property Description
If you are looking for vineyards in the Red Hills then this could be a great opportunity. This is one parcel with two separate APN's and two addresses 8951 and 8971. The home and shop sits on approx. 1/2 acre. The second parcel is approx 17.4 acres planted in Cabernet. The 17 acre parcel was planted by Beringer (now Treasury Wine Estates) and was originally under a 30 year lease. There are 14 years remaining on the lease. T.W.E. presently pays $15,312 per year on the lease plus they pay the taxes on that parcel of approx $4700 per year. At the end of the lease the vines become the property of the owner or could extent the lease if both parties agree. The home is in great shape. The tax assessor has the sq ft at 1060, seller says the back porch/laundry area was added years ago so sq ft is approx. 1230. There is also a shop that is approx 27x30. The home has a 2 year old roof plus monitor heater and swamp cooler. The sellers are installing a new propane stove and a new refrigerator. Some of the furniture can also be included. This is a great opportunity for some one to live in the home while receiving approx $20,000 total compensation for the 17 acres and ending up with a producing vineyard at the end of the lease. Some seller financing may be available.
Location
State CA
County Lake
Area Lckel - Kelseyville
Rooms
Other Rooms Workshop
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Kerosene
Cooling Evaporative Cooling
Fireplaces Type Living Room
Fireplace Yes
Laundry Common Area
Exterior
Carport Spaces 2
Pool None
Community Features Foothills
View Y/N Yes
View Mountain(s), Vineyard
Roof Type Composition
Total Parking Spaces 2
Private Pool No
Building
Story One
Entry Level One
Sewer Septic Tank
Water Well
Level or Stories One
Additional Building Workshop
Others
Senior Community No
Tax ID 0110162300
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
Special Listing Condition Standard
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Bought with Non- Member • Non-Member