NOT LISTED FOR SALE
1 Bed
10 Baths
2,834 Sq Ft
7,749 Sq Ft Lot

Sale Details

Date Sold: January 28, 2022

Last sale price $1,878,000 $663 Per Sq Ft

97 Days on Market

Highlights

  • Fireplace
  • Mill Valley Middle School Rated A
  • Laundry Facilities

About This Home

As of January 2022

407 Maple Street presents a rare opportunity to reposition a Mill Valley multifamily property. Each unit has a remodeled kitchen and other upgrades. A new owner can completely reposition the property through new tenant selection and additional property upgrades, or simply lease the units as-is. 407 Maple is well located in a family-friendly neighborhood that is walkable and near to Good Earth Foods, an excellent full service grocery store, as well as a number of popular local dining and retail options. The property benefits from updated electrical service and subpanels. There is covered parking for 5-6 cars and surface parking for another 4 cars. Each unit has a dishwasher, built-in microwave, wood burning fireplace, and wall heater. The studios have large walk-in closets and extra-large decks with built-in seating.

Last Agent to Sell the Property

John Garrett

Marcus & Millichap Real Estate License #01421403 Listed on: 08/26/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,749 Sq Ft Lot

Interior Spaces

  • 2,834 Sq Ft Home
  • 2-Story Property
  • Fireplace

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking

Utilities

  • No Cooling
  • Wall Furnace

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $147,840

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 050-241-39

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

7,749 Sq Ft Lot

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: West on Shoreline, South on Maple St.
  • Lot Size Acres: 0.1779
  • Stories: 2
  • CapRate: 3.66
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Price Per Square Foot: 662.67
  • Square Footage: 2834.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Shape Regular

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 9.00
  • Covered Parking Spaces: 5.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Fireplace(s), Wall Furnace
  • Laundry Features: Coin Operated, In Common Area

Lot Info

  • Assessor Parcel Number: 050-241-39
  • Lot Size Sq Ft: 7749.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1967

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 2325
  • Number of 1 Bedroom Units: 1
  • Number of Studio Units: 5
  • NumberOfUnitsTotal: 6
  • Number Studios Occupied: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2021
Closed on
Jan 19, 2022
Sold by
Bought by
Seller's Agent
John Garrett
Marcus & Millichap Real Estate
List Price
$2,100,000
Sold Price
$1,878,000
Premium/Discount to List
-$222,000
-10.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Interest Rate
0.0322%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
0.0363%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 17, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
0.0363%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 20, 2010
Sold by
Bought by

Purchase Details

Closed on
Sep 24, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
0.0627%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 3, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,100
Interest Rate
0.0806%

Purchase Details

Closed on
Nov 13, 1998
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,878,000 First American Title
$990,000 Old Republic Title Company
-- Fidelity National Title Co
-- None Available
$1,069,000 Fidelity National Title
$633,000 California Land Title
$555,000 California Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $1,140,000
Closed $1,010,000
Closed $70,000
Closed $690,000
Closed $443,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $1,878,000 0.0% $663 / Sq Ft
01/15/2022 01/15/22 Off Market $1,878,000 -- --
12/01/2021 12/01/21 Pending -- -- --
11/30/2021 11/30/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $2,100,000 -- $741 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $45,804 $2,034,064 $844,491 $1,189,573
2025 $45,804 $1,992,786 $822,430 $1,170,356
2024 $45,526 $1,953,774 $806,310 $1,147,464
2023 $45,105 $1,915,512 $790,500 $1,125,012
2022 $34,200 $1,148,380 $522,166 $626,214
2021 $33,062 $1,125,913 $511,929 $613,984
2020 $34,060 $1,114,398 $506,682 $607,716
2019 $31,466 $1,092,601 $496,750 $595,851
2018 $25,860 $1,071,229 $487,012 $584,217
2017 $24,300 $1,050,272 $477,463 $572,809
2016 $21,650 $1,029,730 $468,103 $561,627
2015 $20,597 $1,014,304 $461,074 $553,230
2014 $17,083 $994,483 $452,043 $542,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321082048

Bay Area Real Estate Information Services (BAREIS)

APN: 050-241-39

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