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$2,995,000

Beds
4
Baths
3.0
sq ft
2,899

17320 Butts Canyon Rd, Middletown, CA 95461

17320 Butts Canyon Rd

Middletown, CA 95461

  • 145 days on market
Parcel 2 of Bonavita Estates, a breathtaking 390 acre development opportunity in the heart of Middletown, California.This exceptional offering of parcel 2 is 390 acres, could be combined with parcel 1 and 3 available separately would total 560 acres. The topography is mostly all level.The zoning is RR - Rural Residential allows for a minimum lot size of 5 acres, offering ample space and flexibility for a variety of potential uses.Pre Ap, Biological & Botanical Surveys for appox. 20 acres of cannabis have been completed, the Brambles golf course development is currently under construction just north of this property, as well as the 16,000 acre Maha Guenoc Valley Development, also in close proximity to Bonavita Estates.The ranch sits only 17 miles north of renowned wine destination Calistoga, Napa Valley.Vineyard developers and wine industry operators may find the 300+-/ acres of plantable land attractive and the terroir would be suitable for potentially both red and white varietals.The development opportunity currently includes 2 wells, two rated at approximately 450+/- gpm, one tested at 1,200 gpm (indication of more water with a larger well pump) and residential well for the single family 4 bdrm home and shop.Located one mile from Middletown.Possible owner financing.Owner/Broker

Details

Property type

Single Family Residence

Est. home value

$3,853,877

Lot size

390.0 acres

Price per sq ft

$1,034

Year built

1987

Price History

07/03/2024
BAREIS

BAREIS #324052457

Listed
$2,995,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

June 2018

Original loan amount

$1,400,000

Est. remaining balance

Not provided

Interest rate

3.69%

Loan type

Credit Line (Revolving)

Seller

James Kurt Steil

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/25/2024 at 3:25 AM

Listing updated: 08/22/2024 at 8:53 AM

Listed by: Kurt Steil, Miller / Steil PropertiesMiller / Steil Properties

MLS: BAREIS #324052457

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