NOT LISTED FOR SALE

Estimated Value: $1,188,000 - $1,621,073

4 Beds
5 Baths
2,687 Sq Ft
$501/Sq Ft Est. Value

Last Sold January 31, 2022

Last sale price $1,200,000 $447 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,807/month

43 Days on Market

Highlights

  • Water Views
  • Docks
  • Washer and Dryer
  • Terra Linda High School Rated A-
  • Wood Flooring

About This Home

As of January 2022

Welcome to a very unique waterfront duplex in San Rafael complete with a personal 5-slip boat dock. The property boasts a larger owner's unit with 2-bedrooms, 2-baths, and a large office which potentially could be a third bedroom. The second unit is a 2-bedroom, 1-bath. Both units have amazing views of Mt. Tam and the west-facing orientation means the units are sun-kissed the majority of the day. Live in one unit, or rent both, and gain extra income by renting the boats slips. Paddle board or kayak the mild-mannered canal or head out on your boat with direct access to the bay. Strong potential rental income. 1031 exchanges welcomed.

Last Agent to Sell the Property

Chris Henry

ProTerra Real Estate Advisors License #01489725 Listed on: 12/07/2021

Last Buyer's Agent

Chris Henry

ProTerra Real Estate Advisors License #01489725 Listed on: 12/07/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1948

Lot Details

  • 4,077

Parking

  • 2 Parking Spaces

Property Views

  • Water
  • Mount Tamalpais

Home Design

  • Duplex
  • Combination Foundation
  • Composition Roof
  • Bitumen Roof

Interior Spaces

  • 4 Bedrooms
  • 2,687 Sq Ft Home
  • 2-Story Property
  • Self Contained Fireplace Unit Or Insert
  • Wood Flooring
  • Washer and Dryer

Kitchen

  • Built-In Electric Range
  • Dishwasher

Additional Features

  • Docks
  • 4,077 Sq Ft Lot
  • Wall Furnace

Community Details

  • 2 Units
  • Gross Income $86,400

Listing and Financial Details

  • Assessor Parcel Number 014-161-19

Property Details

Home Type

Multi-Family

Year Built

Built in 1948

Lot Details

4,077 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Apartments
  • Directions To Property: South on 3rd St. towards Loch Lomond. After passing SR High School and Rubicon Yacht Sales, property on right-hand side.
  • Lot Size Acres: 0.0936
  • Stories: 2
  • CapRate: 4.00
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Range, Dishwasher, Free Standing Refrigerator
  • Flooring: Varies By Unit, Wood
  • Price Per Square Foot: 446.59
  • Square Footage: 2687.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Combination
  • Lot Features: Other
  • Property Condition: Varies By Unit
  • Roof: Bitumen, Composition
  • ExteriorFeatures: Private Boat Dock
  • View: Mt Tamalpais, Water

Garage/Parking

  • Parking Features: Boat Dock
  • Total Parking Spaces: 2.00

Utilities

  • Cooling: Varies By Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Fireplace Insert, Fireplace(s), Varies By Unit, Wall Furnace
  • Laundry Features: Varies By Unit, Washer/Dryer Hookups, Washer/Dryer Owned

Schools

  • Middle/Junior School District: San Rafael City Schools

Lot Info

  • Assessor Parcel Number: 014-161-19
  • Lot Size Sq Ft: 4077.00

Building Info

  • Year Built: 1948

Multi Family

  • 1 Bedroom Rent Range: $1000-$2850
  • Two Bedroom Annual Occupancy: 95
  • Two Bedroom Rent Range: $2150-$4300
  • Three Bedroom Rent Range: $4300-$5000
  • Four Bedroom Rent Range: $4300-$6500
  • Number Of2 Bedrooms Occupied: 2
  • NumberOfUnitsTotal: 2

MLS Schools

  • School District (County): Marin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2021
Closed on
Jan 25, 2022
Sold by
Honey Moon Llc
Bought by
Yang Bin and Fu Jenny
Seller's Agent
Chris Henry
ProTerra Real Estate Advisors
Buyer's Agent
Chris Henry
ProTerra Real Estate Advisors
List Price
$1,237,000
Sold Price
$1,200,000
Premium/Discount to List
-$37,000
-2.99%
Current Estimated Value
$1,347,518

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,518
Avg. Annual Appreciation
2.85%
Original Mortgage
$800,000
Outstanding Balance
$739,838
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$607,680

Purchase Details

Closed on
Oct 27, 2016
Sold by
Finlkelstein David E and Kim Kyung Ja
Bought by
Honey Moon Llc

Purchase Details

Listed on
Mar 15, 2013
Closed on
Dec 30, 2013
Sold by
Ho Margaret
Bought by
Finkelstein David E
Seller's Agent
Brenda Obra
Equity One
Buyer's Agent
Brenda Obra
Equity One
List Price
$798,888
Sold Price
$798,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Original Mortgage
$265,000
Interest Rate
3.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
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

Date Buyer Sale Price Title Company
Yang Bin $1,200,000 First American Title
Honey Moon Llc -- None Available
Einkelstein David E -- None Available
Finkelstein David E $799,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yang Bin $800,000
Previous Owner Finkelstein David E $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/31/2022 01/31/22 Sold $1,200,000 -3.0% $447 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
12/07/2021 12/07/21 For Sale $1,237,000 +54.8% $460 / Sq Ft
01/07/2014 01/07/14 Sold $798,888 0.0% $355 / Sq Ft View Prior Sale
12/04/2013 12/04/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $798,888 -- $355 / 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 $19,266 $1,273,440 $742,840 $530,600
2024 $18,440 $1,248,480 $728,280 $520,200
2023 $18,062 $1,224,000 $714,000 $510,000
2022 $13,865 $921,784 $460,892 $460,892
2021 $13,651 $903,718 $451,859 $451,859
2020 $13,521 $894,454 $447,227 $447,227
2019 $13,000 $876,922 $438,461 $438,461
2018 $12,863 $859,732 $429,866 $429,866
2017 $12,404 $842,878 $421,439 $421,439
2016 $11,999 $826,352 $413,176 $413,176
2015 $11,473 $813,944 $406,972 $406,972
2014 $7,006 $434,733 $181,137 $253,596
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321111831

Bay Area Real Estate Information Services (BAREIS)

APN: 014-161-19

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