NOT LISTED FOR SALE

239 Corte Madera Ave Corte Madera, CA 94925

Estimated Value: $1,346,000 - $1,683,588

4 Beds
5 Baths
-- Sq Ft
4,752 Sq Ft Lot

Last Sold June 07, 2021

Last sale price $1,300,000

Est. 13% increase in value since last sale

Current estimated payment $9,468/month

9 Days on Market

Highlights

  • Bay View
  • Contemporary Architecture
  • Laundry Facilities
  • Neil Cummins Elementary School Rated A
  • 4 Car Attached Garage
  • 1-minute walk to Menke Park

About This Home

As of June 2021

Rare Southern Marin Duplex! Building is just a short block from the Corte Madera business district and Menke Park, with shopping, restaurants, parks and public transportation close by. Minutes to 101, excellent commute location. Award-winning schools. Each unit is 2BR/1BA with an expansive deck. The upper unit deck has bay views! Each unit has one covered parking space, plus a second tandem space. Roof was replaced in 2020, and building exterior is freshly painted. Each unit has storage closet, plus access to shared laundry room. Separate PG&E and water meters. This building is perfect for the experienced investor or owner-occupied with rental unit offsetting your cost of ownership. Also listed as Single Family Home under listing #321042576

Last Agent to Sell the Property

Blaine Morris

Compass License #01395592 Listed on: 05/17/2021

Compass

Last Buyer's Agent

Paul Fehrman

Century 21 Epic License #01065819

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1966

Lot Details

  • 4,752 Sq Ft Lot

Property Views

  • Bay
  • Hills

Home Design

  • Duplex
  • Contemporary Architecture

Interior Spaces

  • 4 Bedrooms
  • 2-Story Property
  • Washer and Dryer

Parking

  • 4 Car Attached Garage
  • 2 Carport Spaces

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Individual Gas Meter
  • Internet Available
  • Cable TV Available

Community Details

  • 2 Units
  • Laundry Facilities
  • Gross Income $57,300

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, water
  • Assessor Parcel Number 025-035-19

Property Details

Home Type

Multi-Family

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Directions To Property: From Golden Gate Bridge, take 101 North. Exit Tamalpais, turn left. Continue to Corte Madera Ave/Magnolia, turn left. Building on right.
  • Lot Size Acres: 0.1091
  • Stories: 2
  • CapRate: 2.92
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Shape Regular, Sidewalk
  • View: Bay, Hills, Varies By Unit

Garage/Parking

  • Parking Features: Attached, Carport, Covered
  • Total Parking Spaces: 4
  • Carport Spaces: 2
  • Covered Parking Spaces: 2
  • Tandem Parking Spaces: 2

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Natural Gas, Separate
  • Laundry Features: In Common Area, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No

Schools

  • Middle/Junior School District: Larkspur-Corte Madera

Lot Info

  • Assessor Parcel Number: 025-035-19
  • Lot Size Sq Ft: 4752

Rental Info

  • TenantPays: Cable TV, Electricity, Gas, Water

Building Info

  • Year Built: 1966

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $2800-2900
  • Number Of2 Bedrooms Occupied: 2
  • NumberOfUnitsTotal: 2

MLS Schools

  • Senior High School District: Tamalpais Union
  • School District (County): Marin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2023
Sold by
Mulcahy Kaila H
Bought by
Fourth And Short 239 Llc
Current Estimated Value
$1,464,897

Purchase Details

Closed on
Sep 17, 2021
Sold by
Mulcahy Kevin P and Mulcahy Katherine A
Bought by
Mulcahy Kaila H and Mulcahy Connor P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,053,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 3, 2021
Sold by
Madatian Jasmine and Madatian John
Bought by
Mulcahy Kevin P and Mulcahy Katherine A
Seller's Agent
Blaine Morris
Compass
Buyer's Agent
Paul Fehrman
Century 21 Epic
List Price
$1,300,000
Sold Price
$1,300,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%
Original Mortgage
$1,040,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 5, 2020
Sold by
Mark Rose M and Madatian John
Bought by
Madatian Jasmine and Madatian Mark Rose

Purchase Details

Closed on
Jan 23, 2017
Sold by
Madatian Tamara and Madatian John
Bought by
Madadtion Tamara and Madadtion John

Purchase Details

Closed on
Aug 26, 2014
Sold by
Madatian Tamara
Bought by
The Ashot & Tamara Madatian 1992 Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fourth And Short 239 Llc -- --
Mulcahy Kaila H $263,500 First American Title Company
Mulcahy Kevin P $1,300,000 First American Title Company
Madatian Jasmine -- None Available
Madadtion Tamara -- None Available
The Ashot & Tamara Madatian 1992 Trust -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mulcahy Kaila H $1,053,000
Previous Owner Mulcahy Kevin P $1,040,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2021 06/07/21 Sold $1,300,000 0.0% --
05/26/2021 05/26/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $1,300,000 -- --
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 $21,778 $1,560,600 $936,360 $624,240
2024 $20,686 $1,530,000 $918,000 $612,000
2023 $18,922 $1,427,490 $807,534 $619,956
2022 $18,678 $1,391,500 $791,700 $599,800
2021 $6,777 $335,191 $118,299 $216,892
2020 $6,730 $331,755 $117,086 $214,669
2019 $6,611 $325,252 $114,791 $210,461
2018 $6,310 $318,875 $112,540 $206,335
2017 $6,403 $312,624 $110,334 $202,290
2016 $6,191 $306,495 $108,171 $198,324
2015 $6,121 $301,891 $106,546 $195,345
2014 $5,876 $295,978 $104,459 $191,519
Source: Public Records

Agents Affiliated with this Home

  • Blaine Morris

    Seller's Agent in 2021

    Blaine Morris

    Compass

    (415) 971-3232

    3 in this area

    56 Total Sales

    Blaine Morris
    Section Image
  • Paul Fehrman

    Buyer's Agent in 2021

    Paul Fehrman

    Century 21 Epic

    (707) 483-6080

    1 in this area

    67 Total Sales

    Paul Fehrman
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321041853

Bay Area Real Estate Information Services (BAREIS)

APN: 025-035-19

California Marin County Corte Madera 94925

239 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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