$1,349,000
UNDER CONTRACT

15 Montecito Ave Corte Madera, CA 94925

Estimated payment $8,861/month

Total Views 1,110
4 Beds
3 Baths
1,880 Sq Ft
$718 Price per Sq Ft

Highlights

  • Private Lot
  • 8 Car Attached Garage
  • Hot Water Heating System
  • Neil Cummins Elementary School Rated A
  • Central Heating
  • 2-minute walk to Menke Park

About This Home

Exceptional duplex opportunity in a prime West Corte Madera location just across from the scenic pedestrian path connecting to downtown Larkspur and the Twin Cities loop. 15 Montecito Drive features two spacious, side-by-side units, each offering 2 bedrooms, 1 bathroom, and a highly functional floor plan. Each unit boasts an attached 4-car garage (side-by-side and tandem), providing ample parking, storage, or flex-use potential. Additional highlights include a laundry room for each unit and a versatile utility room ideal for a home office, gym, or creative workspace. With convenient access to restaurants, parks, top-rated schools, and shopping, this property blends comfort, versatility, and location. A fantastic opportunity for owner-occupants or investors looking to build equity in one of Marin's most walkable and desirable neighborhoods.

Listing Agent

Faber Real Estate Team

Compass License #01913767 Listed on: 06/22/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,927

Year Built

  • Built in 1962

Lot Details

  • 6,743 Sq Ft Lot
  • Private Lot
  • Secluded Lot

Parking

  • 8 Car Attached Garage
  • 4 Open Parking Spaces
  • Tandem Garage

Home Design

  • 1,880 Sq Ft Home
  • Duplex
  • Side-by-Side

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • No Cooling
  • Central Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Sewer in Street

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 025-015-05

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,927

Year Built

Built in 1962

Lot Details

0

Parking

8

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Apartments
  • Directions To Property: Google Maps
  • Lot Size Acres: 0.1548
  • CapRate: 3.80
  • Actual or Scheduled: Actual
  • Special Features: UnderContract

Interior Features

  • Square Footage: 1880.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Private, Secluded

Garage/Parking

  • Parking Features: Attached, Covered, Garage, Side-by-Side, Tandem Garage
  • Total Parking Spaces: 12.00
  • Covered Parking Spaces: 8.00
  • Garage Spaces: 8.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer, Sewer Connected, Sewer in Street
  • Water Source: Meter Available, Meter on Site, Public
  • Heating: Central, Gas, Hot Water, Natural Gas
  • Laundry Features: In Each Unit, Washer/Dryer Hookups

Lot Info

  • Assessor Parcel Number: 025-015-05
  • Lot Size Sq Ft: 6743.00

Rental Info

  • TenantPays: Cable TV, Electricity, Trash Collection

Building Info

  • Year Built: 1962

Multi Family

  • 1 Bedroom Rent Range: Buyer to verify
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: Buyer to verify
  • Three Bedroom Rent Range: Buyer to verify
  • Four Bedroom Rent Range: Buyer to verify
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 2
  • NumberOfUnitsTotal: 2

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $16,927 $1,210,996 $739,856 $471,140
2024 $16,927 $1,187,252 $725,350 $461,902
2023 $16,180 $1,163,979 $711,131 $452,848
2022 $16,036 $1,141,156 $697,187 $443,969
2021 $15,775 $1,118,782 $683,518 $435,264
2020 $15,748 $1,107,315 $676,512 $430,803
2019 $15,151 $1,085,607 $663,250 $422,357
2018 $14,842 $1,064,329 $650,250 $414,079
2017 $14,798 $1,043,460 $637,500 $405,960
2016 $14,221 $1,023,000 $625,000 $398,000
2015 $13,967 $987,340 $611,988 $375,352
2014 $13,368 $968,000 $600,000 $368,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2025 06/22/25 For Sale $1,349,000 +31.6% $718 / Sq Ft
09/21/2015 09/21/15 Sold $1,025,000 0.0% $545 / Sq Ft
09/20/2015 09/20/15 Pending -- -- --
08/05/2015 08/05/15 For Sale $1,025,000 +5.9% $545 / Sq Ft
10/18/2013 10/18/13 Sold $968,000 0.0% $403 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $968,000 -- $403 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Grant Deed -- --
Grant Deed -- None Available
Grant Deed -- Old Republic Title Company
Grant Deed $1,025,000 Old Republic Title Company
Grant Deed $968,000 Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $750,000 Adjustable Rate Mortgage/ARM
Source: Public Records

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325057785

Bay Area Real Estate Information Services (BAREIS)

APN: 025-015-05