NOT LISTED FOR SALE

2 Marin Rd Fairfax, CA 94930

Estimated Value: $1,012,000 - $1,332,642

-- Bed
3 Baths
1,804 Sq Ft
$646/Sq Ft Est. Value

Last Sold August 29, 2018

Last sale price $854,000 $473 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,742/month

55 Days on Market

About This Home

As of August 2018

Great Duplex in a quiet Fairfax neighborhood. Quick 10 minute walk to donwtown and 1 minute walk to Golden Gate Transit bus line. Both units are 2 bedrooms, 1 bathroom and include washer/dryer hookups. 2 off-street parking spaces. 2 electric meters, 2 gas meters, and 2 water meters along with minimal landscaping makes for easy management. A truly turnkey investment.

Last Agent to Sell the Property

Robert Elam

Elam Property Management License #01871556 Listed on: 06/26/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $15,925

Year Built

  • Built in 1933

Lot Details

  • 1,503 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Bitumen Roof

Interior Spaces

  • 1,804 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Utilities

  • Individual Gas Meter
  • Separate Water Meter

Community Details

  • 2 Units
  • Gross Income $58,800

Listing and Financial Details

  • Assessor Parcel Number 001-102-06

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$15,925

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Directions To Property: Sir Francis Drake Blvd. West Left on Marin Road
  • Lot Size Acres: 0.0345
  • Stories: 2
  • CapRate: 5.53
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Other
  • Special Features: None

Interior Features

  • Appliances: Free Standing Refrigerator, OVFR
  • Price Per Square Foot: 473.39
  • Square Footage: 1804
  • NumberOfBuildings: 1

Exterior Features

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

Garage/Parking

  • Parking Features: CAR3, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas, Water

Lot Info

  • Assessor Parcel Number: 001-102-06
  • Lot Size Sq Ft: 1503

Building Info

  • Year Built: 1933

Multi Family

  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2018
Closed on
Aug 25, 2018
Sold by
Sroa Navjot
Bought by
Mizuhara Kimberly A
Seller's Agent
Robert Elam
Elam Property Management
List Price
$854,000
Sold Price
$854,000
Current Estimated Value
$1,171,594

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,594
Avg. Annual Appreciation
4.64%
Original Mortgage
$400,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 4, 2014
Closed on
Apr 8, 2015
Sold by
Morelli Brian R and Morelli Karen M
Bought by
Sroa Navjot
Seller's Agent
Bob Rosa
Luxe Places International Real
Buyer's Agent
Robert Elam
Elam Property Management
List Price
$572,500
Sold Price
$572,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.52%

Purchase Details

Closed on
May 4, 2013
Sold by
Morelli Brian R and Morelli Karen M
Bought by
Morelli Brian R and Morelli Karen M

Purchase Details

Closed on
Jun 28, 2006
Sold by
Morelli Brian and Morelli Karen
Bought by
Morelli Brian and Morelli Karen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
7.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2003
Sold by
Duggan Margaret Rose
Bought by
Duggan Margaret Rose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 8, 2002
Sold by
Duggan Margaret Rose and Duggan Margaret R
Bought by
Duggan Margaret Rose

Purchase Details

Closed on
Feb 10, 1998
Sold by
Jesse Fink and Roberta Mindich Fink
Bought by
Duggan Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
6.97%
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
Mizuhara Kimberly A $854,000 Fidelity National Title Co
Sroa Navjot $572,500 Fidelity National Title Co
Morelli Brian R -- None Available
Morelli Brian $28,500 None Available
Morelli Brian $565,000 First American Title Co
Duggan Margaret Rose -- Old Republic Title Company
Duggan Margaret R -- Old Republic Title Company
Duggan Margaret R -- Old Republic Title Company
Duggan Margaret Rose -- --
Duggan Margaret R $240,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mizuhara Kimberly A $455,000
Closed Mizuhara Kimberly A $406,000
Closed Mizuhara Kimberly A $400,000
Previous Owner Sroa Navjot $86,000
Previous Owner Sroa Navjot $405,000
Previous Owner Sroa Navjot $400,000
Previous Owner Morelli Brian $452,000
Previous Owner Morelli Brian $56,500
Previous Owner Duggan Margaret R $139,000
Previous Owner Duggan Margaret R $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2018 08/29/18 Sold $854,000 0.0% $473 / Sq Ft
08/20/2018 08/20/18 Pending -- -- --
06/26/2018 06/26/18 For Sale $854,000 +49.2% $473 / Sq Ft
04/10/2015 04/10/15 Sold $572,500 0.0% $317 / Sq Ft
04/09/2015 04/09/15 Pending -- -- --
06/04/2014 06/04/14 For Sale $572,500 -- $317 / 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 $15,925 $952,637 $501,975 $450,662
2024 $15,925 $933,959 $492,133 $441,826
2023 $15,709 $915,649 $482,485 $433,164
2022 $15,478 $897,698 $473,026 $424,672
2021 $15,103 $880,098 $463,752 $416,346
2020 $14,867 $871,080 $459,000 $412,080
2019 $14,387 $854,000 $450,000 $404,000
2018 $11,645 $655,708 $422,504 $233,204
2017 $11,376 $642,852 $414,220 $228,632
2016 $10,270 $581,230 $406,100 $175,130
2015 $10,183 $572,500 $347,500 $225,000
2014 $8,874 $499,957 $303,345 $196,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21816640

Bay Area Real Estate Information Services (BAREIS)

APN: 001-102-06