NOT LISTED FOR SALE
4 Beds
4 Baths
6,642 Sq Ft
5,624 Sq Ft Lot

Last Sold December 28, 2018

Last sale price $3,640,000 $548 Per Sq Ft

71 Days on Market

Highlights

  • Attached Garage
  • Central Heating
  • Washer and Dryer
  • Sun Valley Elementary School Rated A-
  • Laundry Facilities

About This Home

As of December 2018

$300K Price Reduction! The Mayflower Building consists of a total of six fully leased apartment units and one commercial space. The unit mix consists of Four (4) one-bedroom and one bath apartments & Two (2) studio apartments. All units have been completely renovated and upgraded throughout while still maintaining the architectural charm.

Last Agent to Sell the Property

Steve Ragghianti

Coldwell Banker Realty License #01343409 Listed on: 10/17/2018

Coldwell Banker Realty

Co-Listed By

Samuel Ko

Meridian Commercial License #01894341

Last Buyer's Agent

Dubie Breen

Golden Gate Sotheby's License #01079071

Golden Gate Sotheby's

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $57,233

Year Built

  • Built in 1925

Lot Details

  • 5,624

Home Design

  • 6,642 Sq Ft Home
  • Mixed Use
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Bitumen Roof
  • Foam Roof

Parking

  • Attached Garage
  • 1 Open Parking Space
  • Garage Door Opener
  • Off-Street Parking

Utilities

  • No Cooling
  • Central Heating
  • Wall Furnace
  • Individual Gas Meter

Additional Features

  • Washer and Dryer
  • 5,624 Sq Ft Lot

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $256,292

Listing and Financial Details

  • Tenant pays for electricity, gas, water
  • Assessor Parcel Number 011-242-27

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$57,233

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Directions To Property: Central San Rafael exit, then west on Fourth Street. Building is on the left side of the street.
  • Lot Size Acres: 0.1291
  • CapRate: 4.90
  • Signs: Yes
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 548.03
  • Square Footage: 6642
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter, Pillar/Post/Pier
  • Roof: Bitumen, Foam

Garage/Parking

  • Parking Features: Attached, Garage, Garage Door Opener, Off Street, Uncovered
  • OpenParkingSpaces: 1

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Wall Furnace
  • Laundry Features: Coin Operated, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 011-242-27
  • Lot Size Sq Ft: 5624

Rental Info

  • TenantPays: Electricity, Gas, Water

Building Info

  • Year Built: 1925

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 2500-2550
  • Number Of1 Bedrooms Occupied: 4
  • Number of 1 Bedroom Units: 4
  • Number of Studio Units: 2
  • NumberOfUnitsTotal: 6
  • Number Studios Occupied: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2018
Closed on
Dec 26, 2018
Sold by
Adamas Development Llc
Bought by
Sullivan Jeremiah F O and Sullivan Sheila M O
Seller's Agent
Steve Ragghianti
Coldwell Banker Realty
Buyer's Agent
Dubie Breen
Golden Gate Sotheby's
List Price
$3,640,000
Sold Price
$3,640,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,063,000
Outstanding Balance
$1,824,673
Interest Rate
4.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2015
Sold by
Mahony Jeanne S O and Khalaf Elaine
Bought by
Adamas Development Llc and Molfino Frederick J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,305,000
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 12, 2006
Sold by
Omahoney Jeanne S and Khalaf Elaine
Bought by
Omahony Jeanne S and Khalaf Elaine

Purchase Details

Closed on
Jul 8, 2002
Sold by
Bentel Robin S
Bought by
Omahoney Jeanne S and Khalaf Elaine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2002
Sold by
Oldham Barry
Bought by
Bentel Julain J and Bentel Robin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$835,000
Interest Rate
6.29%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 16, 1997
Sold by
Bentel Julian J
Bought by
Bentel Robin S
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Sullivan Jeremiah F O $3,640,000 Old Republic Title Co
Adamas Development Llc $2,100,000 Old Republic Title Co
Omahony Jeanne S -- First American Title Co
Omahoney Jeanne S $1,410,000 --
Bentel Julain J -- California Land Title
Bentel Robin S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan Jeremiah F O $2,063,000
Previous Owner Adamas Development Llc $1,305,000
Previous Owner Omahoney Jeanne S $835,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/28/2018 12/28/18 Sold $3,640,000 0.0% $548 / Sq Ft
12/27/2018 12/27/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $3,640,000 -- $548 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

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 $57,233 $3,695,820 $1,098,070 $2,597,750
2024 $57,233 $3,623,408 $1,076,542 $2,546,866
2023 $56,448 $3,552,421 $1,055,437 $2,496,984
2022 $52,889 $3,482,823 $1,034,745 $2,448,078
2021 $49,614 $3,414,583 $1,014,457 $2,400,126
2020 $55,373 $3,379,619 $1,004,062 $2,375,557
2019 $52,910 $3,313,400 $984,375 $2,329,025
2018 $37,762 $1,977,261 $1,029,853 $947,408
2017 $35,253 $1,840,501 $1,009,661 $830,840
2016 $31,561 $1,802,068 $989,868 $812,200
2015 $27,720 $1,554,491 $447,672 $1,106,819
2014 -- $1,524,093 $438,904 $1,085,189
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21827048

Bay Area Real Estate Information Services (BAREIS)

APN: 011-242-10