NOT LISTED FOR SALE

231 Corte Madera Ave Corte Madera, CA 94925

8 Beds
10 Baths
3,328 Sq Ft
10,376 Sq Ft Lot

Last Sold December 14, 2022

Last sale price $2,180,000 $655 Per Sq Ft

24 Days on Market

Highlights

  • Private Pool
  • Bay View
  • 8 Car Attached Garage
  • Neil Cummins Elementary School Rated A
  • Contemporary Architecture
  • 1-minute walk to Menke Park

About This Home

As of December 2022

Fourplex, Pride of ownership - all 2BR view apartments. Each featuring a very large deck or fenced in patio area overlooking or next to the swimming pool. Situated above the Corte Madera Town Square, this property is only blocks from downtown Larkspur's restaurants and shops. Easy freeway access and commute. Four 2BR/1BA apartments in a two-story building offering views across Corte Madera to the Bay. Originally built in 1959, the property has been substantially remodeled and upgraded through the years. Open the front door into a large living room with a huge picture window overlooking stunning views of the Bay. The dining room, which is open to the living room, has sliding glass doors leading out onto a large, private deck or patio with stairs that access the building's swimming pool, which is surrounded by lovely gardens and a stately palm tree. There are four carport parking spaces and four uncovered off-street spaces for the tenants. Extra storage rooms and an on-site laundry complete the ground floor level. The laundry is owned equipment without the benefit of coin operation. Units are separately metered for, and tenants pay for their own PG&E. Upper units feature open beam ceilings. Two of the apartments have been nicely remodeled, the other two will benefit from upgrades.

Last Agent to Sell the Property

Michael Burke

Golden Gate Sotheby's License #00454938 Listed on: 11/18/2022

Golden Gate Sotheby's

Co-Listed By

Pamela Burke

Golden Gate Sotheby's License #02156257

Last Buyer's Agent

Marty Bautista

Coldwell Banker Realty License #01211231

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 10,376 Sq Ft Lot
  • Landscaped

Property Views

  • Bay
  • Panoramic

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Concrete Foundation
  • Block Foundation

Interior Spaces

  • 8 Bedrooms
  • 3,328 Sq Ft Home
  • 3-Story Property
  • Washer and Dryer

Parking

  • 8 Car Attached Garage
  • 4 Carport Spaces
  • Off-Street Parking

Pool

  • Private Pool

Utilities

  • No Cooling
  • Central Heating
  • Individual Gas Meter

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $133,500

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 025-035-21

Property Details

Home Type

Multi-Family

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: From US 101, west on Tamalpais Drive at the Corte Madera exit. Left one block, at the intersection with Magnolia and Corte Madera Avenue.
  • Lot Size Acres: 0.2382
  • Stories: 3
  • CapRate: 3.93
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Price Per Square Foot: 655.05
  • Square Footage: 3328.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Block, Concrete
  • Lot Features: Landscape Back, Landscape Front
  • Property Condition: Updated/Remodeled
  • ExteriorFeatures: Swimming Pool
  • View: Bay, Panoramic

Garage/Parking

  • Parking Features: Attached, Carport, Off Street
  • Total Parking Spaces: 8.00
  • Carport Spaces: 4.00
  • Covered Parking Spaces: 4.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 025-035-21
  • Lot Size Sq Ft: 10376.00

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1959

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2568 - 3100
  • Number Of2 Bedrooms Occupied: 4
  • NumberOfUnitsTotal: 4

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2022 12/14/22 Sold $2,180,000 -0.9% $655 / Sq Ft
11/18/2022 11/18/22 For Sale $2,200,000 +49.2% $661 / Sq Ft
08/20/2013 08/20/13 Sold $1,475,000 0.0% $443 / Sq Ft View Prior Sale
08/12/2013 08/12/13 Pending -- -- --
05/21/2013 05/21/13 For Sale $1,475,000 -- $443 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Burke

    Seller's Agent in 2022

    Michael Burke

    Golden Gate Sotheby's

    (415) 424-9835

    2 in this area

    47 Total Sales

    Michael Burke
    Section Image

  • P

    Seller Co-Listing Agent in 2022

    Pamela Burke

    Golden Gate Sotheby's

    (415) 424-9835

    1 in this area

    25 Total Sales

    Pamela Burke
    Section Image

  • M

    Buyer's Agent in 2022

    Marty Bautista

    Coldwell Banker Realty

  • Shana Rohde-Lynch

    Seller's Agent in 2013

    Shana Rohde-Lynch

    Compass

    (415) 264-7101

    8 in this area

    322 Total Sales

    Shana Rohde-Lynch
    Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 322100085

Bay Area Real Estate Information Services (BAREIS)

APN: 025-035-21

California Marin County Corte Madera 94925

231 Corte Madera Ave, Corte Madera, CA

Not Listed for Sale

MultiFamily

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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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