NOT LISTED FOR SALE

40 Edwards Ave Sausalito, CA 94965

Estimated Value: $1,347,000 - $2,235,000

2 Beds
2 Baths
1,217 Sq Ft
$450/mo HOA Fee

Last Sold August 27, 2020

Last sale price $1,395,000 $1,146 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $10,755/month

105 Days on Market

Highlights

  • Bay View
  • Contemporary Architecture
  • Central Heating
  • Tamalpais High School Rated A
  • Laundry closet
  • Wood Siding

About This Home

As of August 2020

Situated in enchanting Sausalito, this contemporary showpiece features incredible views of Richardson Bay, the Belvedere peninsula & Angel Island. The moment the front door is opened, the breathtaking vistas and sophisticated interior will amaze. The open floor plan feels even more expansive as the walls of glass extend the sense of space to the brilliant outdoors. These main social spaces create a continuity for living, allowing easy movement from the living room, to the kitchen to the dining area, to the spacious deck, all while enjoying the exceedingly beautiful scenery. The main living area centers around the sleek open kitchen that boasts a sizable quartz topped island with casual seating and a cooktop, premium stainless appliances, and natural hued cabinetry for a clean, essential aesthetic. A true gem not to be missed!

Last Agent to Sell the Property

Chelsea Ialeggio

Compass License #01394011 Listed on: 05/14/2020

Compass

Co-Listed By

Ken Dara

Engel & Völkers License #01331869

Last Buyer's Agent

David Ayerdi

Sotheby's International Realty License #DRE #01326960

Sotheby's International Realty

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1962

Lot Details

  • 5,031

HOA Fees

  • $450 Monthly HOA Fees

Property Views

  • Bay
  • Panoramic
  • City Lights
  • Ridge

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,217 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Laundry closet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • Parking Deck

Utilities

  • Central Heating
  • Cable TV Available

Community Details

  • 38 40 Edwards Association

Listing and Financial Details

  • Assessor Parcel Number 065-301-32

Property Details

Home Type

Condominium

Year Built

Built in 1962

Lot Details

0

HOA Fees

$450 per month

Listing Details

  • Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Attached
  • Directions To Property: Bridgeway to 2nd St. Rt on Sausalito Blvd. Lt on Edwards.
  • Lot Size Acres: 0.1155
  • Stories: 1
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Number Of Fireplaces: 1
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Price Per Square Foot: 1146.26
  • Square Footage: 1217
  • Bathrooms: 2.00
  • Fireplace Features: Living Room

Exterior Features

  • Construction Materials: Frame, Wood, Wood Siding
  • Pool: No
  • Spa: No
  • View: Bay, City Lights, Other, Panoramic, Ridge, Water

Garage/Parking

  • Parking Features: Deck
  • Carport Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: All Public, Cable Available, PGEE
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Laundry Closet

Condo/Co-op/Association

  • Association: Yes
  • Association Fee: 450
  • Association Fee Frequency: Monthly
  • Association Name: 38-40 Edwards
  • Association Phone: (000) 000-0000
  • Senior Community: No
  • Location of Unit: Unit Above

Fee Information

  • Association Fee Includes: Other

Lot Info

  • Assessor Parcel Number: 065-301-32
  • Lot Size Sq Ft: 5031

Building Info

  • Year Built: 1962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2020
Closed on
Aug 21, 2020
Sold by
Wer Faraj and Wer Abeer
Bought by
Trauger Robert Harry and Bouvier Philana
Seller's Agent
Chelsea Ialeggio
Compass
Buyer's Agent
David Ayerdi
Sotheby's International Realty
List Price
$1,395,000
Sold Price
$1,395,000
Current Estimated Value
$1,657,392

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$262,392
Avg. Annual Appreciation
3.29%
Original Mortgage
$1,046,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2017
Sold by
Faraj Fadi
Bought by
Faraj Fadi and Pezzanitt Stefania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 2017
Sold by
Faraj Faris
Bought by
Faraj Faris

Purchase Details

Listed on
Sep 6, 2012
Closed on
Oct 2, 2012
Sold by
Thomsen Dale M and Thompsen Mary Sue
Bought by
Faraj Faris and Faraj Fadi
Seller's Agent
Mark Rushford
Coldwell Banker Realty
Buyer's Agent
Elizabeth Williamson
Inactive Office
List Price
$1,085,000
Sold Price
$1,085,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%
Original Mortgage
$950,548
Interest Rate
2.87%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 2008
Sold by
Thomsen Dale M and Thomsen Mary Sue
Bought by
Thomsen Dale M and Thomse Mary Sue
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
Trauger Robert Harry $1,275,000 Fidelity National Title
Trauger Robert Harry $1,275,000 Fidelity National Title
Wong Katrina Tzi Sai $1,395,000 Fidelity National Title Co
Faraj Fadi $150,000 Fidelity National Title Co
Faraj Faris -- None Available
Faraj Faris $1,085,000 Chicago Title Company
Thomsen Dale M -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wong Katrina Tzi Sai $1,046,250
Previous Owner Trauger Robert Harry $1,020,000
Previous Owner Faraj Fadi $300,000
Previous Owner Faraj Faris $950,548
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/27/2020 08/27/20 Sold $1,395,000 0.0% $1,146 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $1,395,000 +28.6% $1,146 / Sq Ft
10/05/2012 10/05/12 Sold $1,085,000 0.0% $452 / Sq Ft View Prior Sale
09/28/2012 09/28/12 Pending -- -- --
09/06/2012 09/06/12 For Sale $1,085,000 -- $452 / 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 $19,763 $1,509,975 $676,512 $833,463
2024 $18,854 $1,480,374 $663,250 $817,124
2023 $18,512 $1,451,358 $650,250 $801,108
2022 $17,813 $1,422,900 $637,500 $785,400
2021 $17,633 $1,395,000 $625,000 $770,000
2020 $17,537 $1,253,502 $731,874 $521,628
2019 $16,948 $1,228,932 $717,528 $511,404
2018 $16,419 $1,204,840 $703,462 $501,378
2017 $15,995 $1,181,217 $689,669 $491,548
2016 $15,064 $1,128,649 $676,149 $452,500
2015 $15,133 $1,111,701 $665,996 $445,705
2014 $14,680 $1,089,925 $652,951 $436,974
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22010488

Bay Area Real Estate Information Services (BAREIS)

APN: 065-301-32