8951 Highway 175 Highway,  Kelseyville CA, 95451 (Residential)

3 beds , 1 Full baths
1,230 sqft
Status: Sold
MLS#: LC14048062
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Last Updated: 12/5/2016 10:57 AM
Description for 8951 Highway 175 Highway Kelseyville, CA 95451
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.
Price
Sold Price:
$450,000
Sold Date:07/25/2014
Lake
3
1 Full
1,230 (approx)
LC14048062
Closed
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.
Listing Information
Property Type: Single Family, 1 Story
3 1 Full
17.3 Acres 1,230 (approx)
$365.85 1951
Yes- 2 spaces 1
Holding Tank
Neighborhood
Room Information
Bathrooms
1
Living Room
Dining Area
Interior Features
Evaporative
Kerosene
Living Room
Exterior / Lot Features
2 Carport Spaces, 2 Parking Spaces
Composition
None
No Pool
Mountain, Vineyard
Paved Road
Driving Directions
corner of Red Hills Rd and Hwy 175
Financial Considerations
0110162300
Listing Price History

Kelseyville Real Estate

Kelseyville is located in California. Kelseyville, California 95451 has a population of 3,282.

The median household income in Kelseyville, California 95451 is $40,527. The median household income for the surrounding county is $38,147 compared to the national median of $53,046. The median age of people living in Kelseyville 95451 is 42.4 years.

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Courtesy: Morgan Lane Real Estate John Everett
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