Kelseyville, CA 95451,8951 Highway 175 HWY

$450,000

Est. payment /mo

$495,000

9.1%
Est.Price: ?

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8951 Highway 175 HWY Kelseyville, CA 95451

3 Beds

1 Bath

1,230 SqFt

SOLD DATE : 07/25/2014

Key Details

Sold Price $450,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 1,230 sqft

Price per Sqft $365

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

Interior

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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California Regional MLS (CRMLS)
Listed by John Everett • Morgan Lane Real Estate
Bought with Non- Member • Non-Member

The Wilkas Group - Lenore & Alexander Wilkas

Real Estate Advisors | License ID: 01343201 & 01355442

+1(760) 407-2100

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