NOT LISTED FOR SALE

16 Olive Ave Larkspur, CA 94939

Madrone Canyon Neighborhood

Estimated Value: $2,383,000 - $3,065,000

3 Beds
2 Baths
2,275 Sq Ft
$1,183/Sq Ft Est. Value

Last Sold February 12, 2021

Last sale price $2,200,000 $967 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $16,839/month

61 Days on Market

Highlights

  • Additional Residence on Property
  • View of Trees or Woods
  • Main Floor Bedroom
  • Neil Cummins Elementary School Rated A
  • Craftsman Architecture
  • Living Room with Attached Deck

About This Home

As of February 2021

Nature Lovers Paradise! Light-filled turn of the century home and guest house nestled among the redwoods. You will forget that you are a mere 15 miles north of San Francisco and just a few blocks to charming downtown Larkspur with its many fine shops & restaurants...because here at Olive Avenue, you will be enchanted by the serenity, light and beauty of its natural surroundings. The property is comprised of 2 units a 3bed/2ba main house, 2 story (1565 sq.ft.) and a 1bed/1ba Cottage (710 sq. ft). Originally built as a weekend getaway 16 Olive offers privacy, and options, rental income or a work-from-home opportunity. Truly, a rare offering with a 2-car detached garage, sunny, fully fenced, grassy level front yard, meandering paths and private patios. So close and yet so far away!

Last Agent to Sell the Property

Mcarthur Love

Compass License #01327745 Listed on: 11/27/2020

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,013

Year Built

  • Built in 1900

Lot Details

  • 0.29 Acre Lot
  • Property is Fully Fenced
  • Landscaped
  • Garden
  • Property is zoned Multi-Family Dwelling

Parking

  • 2 Car Detached Garage

Property Views

  • Woods
  • Forest
  • Park or Greenbelt

Home Design

  • Craftsman Architecture
  • Cottage
  • Frame Construction
  • Shingle Siding

Interior Spaces

  • 2,275 Sq Ft Home
  • Skylights
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Basement Fills Entire Space Under The House

Kitchen

  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Dryer
  • Washer

Additional Features

  • Additional Residence on Property
  • Central Heating

Community Details

  • Madrone Canyon Subdivision

Listing and Financial Details

  • Assessor Parcel Number 021-081-19

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,013

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Sub Type: 2 Houses on Lot
  • Subtype Description: Detached
  • Directions To Property: Madrone, to right on Olive.
  • Lot Size Acres: 0.2884
  • ArchitecturalStyle: Craftsman, Cottage, CUST
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Hood Over Range, GSRG, REFA
  • Bedrooms: 3
  • Full Bathrooms: 2
  • Dining Room Features: Dining/Living Combo
  • Living Room Features: Deck Attached, Skylight(s)
  • Basement: Full
  • Price Per Square Foot: 967.03
  • Square Footage: 2275
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 2.00
  • Lower Level: Garage, Street Entrance
  • Main Level: BATH, Bedroom(s), Kitchen, Living Room

Exterior Features

  • Construction Materials: Frame, Shingle Siding, Wood
  • Lot Features: Garden, Landscape Back, Landscape Front
  • Fencing: Full
  • OtherStructures: Other
  • Patio And Porch Features: PATI
  • Pool: No
  • Spa: No
  • View: Forest, Park, Woods

Garage/Parking

  • Parking Features: Detached
  • Garage Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: All Public, PGEE
  • Water Source: Public
  • Heating: Central, STVH
  • Laundry Features: Dryer Included, Washer Included

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Assessor Parcel Number: 021-081-19
  • Lot Size Sq Ft: 12563

Building Info

  • Year Built: 1900

Multi Family

  • Second Unit Bedrooms: 1
  • Second Unit Full Bathrooms: 1
  • Second Unit Kitchen: Yes
  • Second Unit Occupied: No
  • Second Unit Partial Bathrooms: 0
  • Second Unit Rents For: 2000
  • Second Unit Type: Detached

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 23, 2022
Sold by
Formby Jr Douglas N and Formby Heather H
Bought by
Heather H Formby Revocable Trust
Current Estimated Value
$2,691,003

Purchase Details

Listed on
Nov 27, 2020
Closed on
Feb 3, 2021
Sold by
Delong Gregg and Delong Ellen
Bought by
Formby Doug and Formby Heather
Seller's Agent
Mcarthur Love
Compass
List Price
$2,200,000
Sold Price
$2,200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.62%
Original Mortgage
$1,870,000
Interest Rate
2.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 2016
Sold by
Delong Gregg and Delong Ellen
Bought by
Delong Gregg and Delong Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,900
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2013
Sold by
Delong Gregg and Delong Ellen
Bought by
Delong Gregg and Delong Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2006
Sold by
Delong Gregg and Delong Ellen
Bought by
Delong Gregg and Delong Ellen

Purchase Details

Closed on
Aug 20, 1998
Sold by
Lewis Linda
Bought by
Delong Gregg and Delong Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,650
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 1998
Sold by
Briggs E Doris G
Bought by
Briggs Lloyd Spencer and Lewis Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,650
Interest Rate
7.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Heather H Formby Revocable Trust -- None Listed On Document
Formby Doug $2,215,000 Old Republic Title Company
Delong Gregg -- Chicago Title Co
Delong Gregg -- Old Republic Title Company
Delong Gregg -- Old Republic Title Company
Delong Gregg -- None Available
Delong Gregg $480,000 First American Title Co
Briggs Lloyd Spencer -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Formby Doug $344,200
Previous Owner Formby Doug $119,000
Previous Owner Formby Doug $1,870,000
Previous Owner Delong Gregg $585,900
Previous Owner Delong Gregg $610,000
Previous Owner Delong Gregg $555,000
Previous Owner Delong Gregg $414,608
Previous Owner Delong Gregg $100,000
Previous Owner Delong Gregg $201,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2021 02/12/21 Sold $2,200,000 0.0% $967 / Sq Ft
01/27/2021 01/27/21 Pending -- -- --
11/27/2020 11/27/20 For Sale $2,200,000 -- $967 / 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 $30,013 $2,397,559 $1,493,739 $903,820
2024 $30,013 $2,350,558 $1,464,456 $886,102
2023 $29,404 $2,304,486 $1,435,752 $868,734
2022 $29,097 $2,259,300 $1,407,600 $851,700
2021 $14,352 $695,159 $333,097 $362,062
2020 $14,077 $688,032 $329,682 $358,350
2019 $13,364 $674,544 $323,219 $351,325
2018 $12,568 $661,319 $316,882 $344,437
2017 $12,242 $648,355 $310,670 $337,685
2016 $11,690 $635,644 $304,579 $331,065
2015 $11,542 $626,097 $300,005 $326,092
2014 $10,960 $613,833 $294,128 $319,705
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Mcarthur Love

    Compass

    (415) 250-5221

    3 in this area

    134 Total Sales

    Mcarthur Love
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22028287

Bay Area Real Estate Information Services (BAREIS)

APN: 021-081-19

California Marin County Larkspur 94939 Madrone Canyon

16 Olive Ave, Larkspur, CA

This home is located at 16 Olive Ave, Larkspur, CA 94939 since 27 November 2020 and is currently estimated at $2,691,003, approximately $1,182 per square foot. This property was built in 1900. 16 Olive Ave is a home located in Marin County with nearby schools including Neil Cummins Elementary School, The Cove School, and Hall Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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