NOT LISTED FOR SALE

1607 Sir Francis Drake Blvd Fairfax, CA 94930

Estimated Value: $1,209,044

4 Beds
10 Baths
2,781 Sq Ft
$435/Sq Ft Est. Value

Last Sold May 13, 2021

Last sale price $1,225,000 $440 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,398/month

170 Days on Market

Highlights

  • Fenced Yard
  • Zero Lot Line
  • 1 Car Garage
  • Brookside Elementary School Rated A-

About This Home

As of May 2021

Highly desirable property on the San Anselmo/Fairfax border. Comprised of 2 Commercial units and 3 apartments in the rear. Upper level 2 bedroom will be available April 1. Perfect for owner/user. Each unit has it's own patio or yard. Separate meters. 1 car garage parking.

Last Agent to Sell the Property

Bobbi DeMore

Inactive Office License #01389990 Listed on: 11/11/2020

Inactive Office

Last Buyer's Agent

Steve Sekhon

Compass License #01843478

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,557

Year Built

  • Built in 1930

Lot Details

  • 5,001 Sq Ft Lot
  • Fenced Yard
  • Zero Lot Line

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Concrete Foundation
  • Slab Foundation
  • Shingle Roof
  • Tar and Gravel Roof

Utilities

  • No Cooling
  • 220 Volts
  • Individual Gas Meter
  • Separate Water Meter

Additional Features

  • Dishwasher
  • 4 Bedrooms
  • Washer and Dryer Hookup

Community Details

  • 5 Units
  • Gross Income $104,400

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 002-211-05

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,557

Year Built

Built in 1930

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Directions To Property: Take 101 to Sir Francis Drake west. Continue to destination.
  • Lot Size Acres: 0.1148
  • CapRate: 5.70
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Unknown
  • Number Commercial Units: 2
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Free Standing Refrigerator
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Lot Features: Zero Lot Line
  • Roof: Shingle, Tar/Gravel
  • ExteriorFeatures: Fenced Yard, Yard Space

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 1
  • Garage Spaces: 1

Utilities

  • Cooling: None
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Varies By Unit
  • Laundry Features: Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas, Water

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 002-211-05
  • Lot Size Sq Ft: 5001

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1930

Multi Family

  • 1 Bedroom Rent Range: 1500-1875
  • Two Bedroom Rent Range: 2600
  • Number of 1 Bedroom Units: 2
  • Number of 2 Bedroom Units: 1
  • NumberOfUnitsTotal: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Apr 29, 2021
Sold by
Horton Kathryn and The Kathryn Horton Revocable T
Bought by
Marshall John G
Seller's Agent
Bobbi DeMore
Inactive Office
Buyer's Agent
Steve Sekhon
Compass
List Price
$1,225,000
Sold Price
$1,225,000
Current Estimated Value
$1,209,044

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,956
Avg. Annual Appreciation
-0.30%
Original Mortgage
$612,500
Outstanding Balance
$555,078
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$653,966

Purchase Details

Closed on
Jan 20, 2011
Sold by
Horton Kathryn
Bought by
Horton Kathryn

Purchase Details

Closed on
Dec 8, 2009
Sold by
Erickson Silvanus Osborn
Bought by
Horton Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
5.01%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2008
Sold by
Stoke Steven R and Stoke Deborah A
Bought by
Erickson Silvanus Osborn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,000
Interest Rate
6.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2003
Sold by
Donig Sheldon P
Bought by
Stoke Steven R and Stoke Deborah A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$487,500
Interest Rate
5.46%
Mortgage Type
Commercial
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
Marshall John G $1,225,000 Fidelity National Title Co
Horton Kathryn -- None Available
Horton Kathryn $680,000 First American Title Company
Erickson Silvanus Osborn -- Old Republic Title Company
Stoke Steven R $650,000 California Land Title Marin
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marshall John G $612,500
Previous Owner Horton Kathryn $456,000
Previous Owner Erickson Silvanus Osborn $567,000
Previous Owner Stoke Steven R $487,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $1,225,000 0.0% $440 / Sq Ft
04/30/2021 04/30/21 Pending -- -- --
11/11/2020 11/11/20 For Sale $1,225,000 -- $440 / 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 $23,557 $1,325,964 $703,573 $622,391
2024 $23,557 $1,299,970 $689,780 $610,190
2023 $23,258 $1,274,490 $676,260 $598,230
2022 $22,327 $1,249,500 $663,000 $586,500
2021 $18,004 $810,872 $453,134 $357,738
2020 $16,952 $802,563 $448,491 $354,072
2019 $16,074 $786,828 $439,698 $347,130
2018 $14,913 $771,405 $431,079 $340,326
2017 $15,446 $756,282 $422,628 $333,654
2016 $14,684 $741,458 $414,344 $327,114
2015 $14,508 $730,326 $408,123 $322,203
2014 $12,923 $716,026 $400,132 $315,894
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22027487

Bay Area Real Estate Information Services (BAREIS)

APN: 002-211-05