NOT LISTED FOR SALE

Estimated Value: $983,523 - $1,046,000

4 Beds
4 Baths
2,130 Sq Ft
7,601 Sq Ft Lot Lot

Sale Details

Date Sold: December 6, 2024

Last sale price $1,077,000 $506 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $6,691 / mo

32 Days on Market

Highlights

  • Downtown View
  • Midcentury Modern Architecture
  • Fenced Yard
  • San Marin High School Rated A-
  • Wood Flooring
  • Enclosed Patio or Porch

About This Home

As of December 2024

Welcome to 1212-1214 2nd Street, located in the flats of Novato. This beautifully updated multi-family property consists of two distinct units, offering an exceptional investment opportunity ideally for an owner-occupant looking to offset costs with rental income from one of the units. Situated in a prime location, it is within walking distance to Trader Joe's shopping ctr and historic downtown Novato, where you'll find shopping, dining, and easy access to transportation. Left side residence, #1214 entry is accessible with ramp, single-level ground floor unit features 2 bedrooms, 1.5 bathrooms, updated kitchen/baths, newly refinished hardwood flooring, fresh interior paint, tankless water heater, private and spacious backyard with room to garden and a Tuff Shed. Unit #1212, single level on 2nd level (above garages,) includes 2 bedrooms, 1 bathroom, updated kitchen/bath, hardwood floors, and a private yard. EACH unit boasts an oversized one-car garage w/storage, a laundry room with a washer/dryer, separate meters and a mini-split system for heating & air conditioning, dual-pane windows, water filtration system, Tesla leased solar panels on the roof for low utility bills. Whether you're a homeowner or investor seeking rental income, this fine duplex offers an ideal opportunity!

Last Agent to Sell the Property

Kristen Palmer

Compass License #01400854 Listed on: 10/21/2024

Compass

Co-Listed By

John Brannan

Compass License #00855398

Last Buyer's Agent

Miles Daly

Own Marin License #02005107

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 7,601

Parking

  • 2 Car Attached Garage

Home Design

  • Midcentury Modern Architecture
  • Concrete Foundation
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 4 Bedrooms
  • 2,130 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Laundry in unit
  • Downtown Views

Kitchen

  • Free-Standing Gas Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Accessible Home Design

  • Grab Bars
  • Accessible Approach with Ramp

Utilities

  • Whole House Fan
  • Central Heating and Cooling System
  • Individual Gas Meter
  • Separate Water Meter
  • Tankless Water Heater
  • Gas Water Heater

Additional Features

  • Energy-Efficient HVAC
  • Enclosed Patio or Porch
  • Fenced Yard

Community Details

  • 2 Units
  • Gross Income $5,600

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 141-234-03

Property Details

Home Type

Condominium

Year Built

Built in 1960 | Remodeled

Lot Details

7,601 Sq Ft Lot

Parking

2

Listing Details

  • Interior Amenities: Storage Area(s)
  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Flats
  • Directions To Property: Redwood to Olive to right on 2nd St
  • Lot Size Acres: 0.1745
  • CapRate: 2.46
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Mid-Century
  • Reso Window Features: Dual Pane Full
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Gas Oven, Free Standing Refrigerator, Gas Water Heater, Microwave, Tankless Water Heater
  • Accessibility Features: Accessible Approach with Ramp, Grab Bars, Varies By Unit
  • Flooring: Tile, Wood, Other
  • Square Footage: 2130.00
  • NumberOfBuildings: 1

Exterior Features

  • Construction Materials: Stucco, Wood Siding
  • Foundation: Concrete Perimeter, Raised
  • Lot Features: Shape Regular
  • Property Condition: Updated/Remodeled
  • Roof: Composition, Shingle
  • ExteriorFeatures: Fenced Yard, Yard Space
  • Patio And Porch Features: Balcony/Deck, Enclosed Patio, Varies By Unit
  • View: Downtown, Varies By Unit

Garage/Parking

  • Parking Features: Attached, Garage, Varies By Unit
  • Total Parking Spaces: 4.00
  • Garage Spaces: 2.00

Utilities

  • Cooling: Ceiling Fan(s), Central, Separate, Whole House Fan, See Remarks
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Other
  • Laundry Features: In Each Unit
  • Separate Meters: Electricity, Gas, Water

Schools

  • Middle/Junior School District: Novato Unified

Lot Info

  • Assessor Parcel Number: 141-234-03
  • Lot Size Sq Ft: 7601.00

Green Features

  • Energy Efficient: Cooling, Water Heater

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1960

Multi Family

  • Two Bedroom Rent Range: 2500 - 3100
  • Number Of2 Bedrooms Occupied: 1
  • NumberOfUnitsTotal: 2

MLS Schools

  • Senior High School District: Novato Unified
  • School District (County): Marin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Nov 26, 2024
Sold by
Marifran Mazza 2008 Revocable Intervivos and Mazza Marifran
Bought by
Arefi Ehsan and Toscano Gaia
Seller's Agent
Kristen Palmer
Compass
Buyer's Agent
Miles Daly
Own Marin
List Price
$1,050,000
Sold Price
$1,077,000
Premium/Discount to List
$27,000
2.57%
Views
4
Current Estimated Value
$1,011,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$65,119
Avg. Annual Appreciation
-4.30%
Original Mortgage
$861,600
Outstanding Balance
$854,491
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$157,390

Purchase Details

Closed on
Mar 8, 2017
Sold by
Mazza Marifran
Bought by
Mazza Marrifran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,123
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 6, 2016
Sold by
Mazza Marifran
Bought by
Mazza Marifran

Purchase Details

Closed on
Jul 3, 2012
Sold by
Mazza Marifran and Mazza Marifan
Bought by
Mazza Marifran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,449
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 7, 2011
Sold by
Us Bank National Association
Bought by
Mazza Marifan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$482,361
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 21, 2010
Sold by
Cervantes Maria and Cervantes Francisco
Bought by
U S Bank National Association

Purchase Details

Closed on
Aug 24, 2006
Sold by
Debaere Jean G and De Baere Elvire
Bought by
Cervantes Francisco and Cervantes Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,300
Interest Rate
6.38%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 7, 2003
Sold by
Va
Bought by
Curry Richard and Angulo Sally
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Arefi Ehsan $1,077,000 Old Republic Title
Arefi Ehsan $1,077,000 Old Republic Title
Mazza Marrifran -- None Available
Mazza Marifaran -- None Available
Mazza Marifran -- None Available
Mazza Marifran -- First American Title Ins Co
Mazza Marifan $365,000 Fidelity National Title Co
U S Bank National Association $396,625 Accommodation
Cervantes Francisco $721,500 Fidelity National Title Ca
Curry Richard -- Fidelity National Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Arefi Ehsan $861,600
Closed Arefi Ehsan $861,600
Previous Owner Mazza Marifaran $463,123
Previous Owner Mazza Marifran $476,449
Previous Owner Mazza Marifan $482,361
Previous Owner Cervantes Francisco $144,300
Previous Owner Cervantes Francisco $577,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2024 12/06/24 Sold $1,077,000 +2.6% $506 / Sq Ft
11/22/2024 11/22/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $1,050,000 -- $493 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

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 $14,582 $1,077,000 $600,000 $477,000
2024 $8,441 $531,701 $313,997 $217,704
2023 $8,243 $521,279 $307,842 $213,437
2022 $8,043 $511,059 $301,807 $209,252
2021 $8,029 $501,040 $295,890 $205,150
2020 $7,397 $495,904 $292,857 $203,047
2019 $7,083 $486,185 $287,117 $199,068
2018 $7,464 $476,656 $281,490 $195,166
2017 $7,319 $467,312 $275,972 $191,340
2016 $6,840 $458,151 $270,562 $187,589
2015 $6,715 $451,273 $266,500 $184,773
2014 $6,556 $442,433 $261,280 $181,153
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324084084

Bay Area Real Estate Information Services (BAREIS)

APN: 141-234-03

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