NOT LISTED FOR SALE

45 Bridge Rd Novato, CA 94945

Green Point Neighborhood

Estimated Value: $905,000 - $1,138,000

1 Bed
3 Baths
-- Sq Ft
6,216 Sq Ft Lot

Last Sold December 30, 2021

Last sale price $880,000

Est. 16% increase in value since last sale

Current estimated payment $6,282/month

26 Days on Market

Highlights

  • Bay View
  • Private Lot
  • Ceiling Fan
  • San Marin High School Rated A-
  • 2 Car Detached Garage
  • Carpet

About This Home

As of December 2021

2-unit multifamily property located in Black Point area of Novato. Property offers a two-story multifamily building, consisting of one, one-bedroom, one-bath units and one studio, one-bath units. The units are in good condition, offering fantastic water views and outdoor space. In addition, there is the potential to add a home office or workshop. The subject property provides both first time multifamily buyers and seasoned professionals an excellent, easy to maintain property, with value added opportunities in one of Novato's best neighborhoods

Last Agent to Sell the Property

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 12/03/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 6,216 Sq Ft Lot
  • Private Lot

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Property Views

  • Bay
  • River
  • Bridge
  • Hills

Home Design

  • Duplex

Interior Spaces

  • 1 Bedroom
  • 2-Story Property
  • Ceiling Fan
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum

Utilities

  • Heating System Uses Natural Gas
  • Individual Gas Meter
  • Gas Water Heater
  • Septic System

Community Details

  • 2 Units
  • Gross Income $56,400

Listing and Financial Details

  • Assessor Parcel Number 143-200-16

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Apartments
  • Directions To Property: Hwy 37, Harbor Dr, Channel Dr, Bridge Road
  • Lot Size Acres: 0.1427
  • Stories: 2
  • CapRate: 4.26
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Appliances: Gas Water Heater, Varies By Unit
  • Flooring: Carpet, Linoleum
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Private
  • View: Bay, Bridges, Hills, River

Garage/Parking

  • Parking Features: Detached, Garage, Off Street
  • Total Parking Spaces: 4.00
  • Garage Spaces: 2.00

Utilities

  • Cooling: Ceiling Fan(s)
  • Sewer: Septic System
  • Water Source: Public
  • Heating: Individual, Natural Gas
  • Laundry Features: Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 143-200-16
  • Lot Size Sq Ft: 6216.00

Building Info

  • Year Built: 1950

Multi Family

  • 1 Bedroom Rent Range: 2650
  • Number of 1 Bedroom Units: 1
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2022
Sold by
Ayyar Anand and Ayyar Jayashree
Bought by
Anand Ayyar And Jayashree Ayyar Revocable Tru and Ayyar
Current Estimated Value
$1,021,535

Purchase Details

Listed on
Dec 3, 2021
Closed on
Dec 29, 2021
Sold by
Ayyar Jayashree
Bought by
Ayyar Anand
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
List Price
$899,000
Sold Price
$880,000
Premium/Discount to List
-$19,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$660,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 3, 2021
Closed on
Dec 27, 2021
Sold by
Rp451 Llc
Bought by
Ayyar Anand
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
List Price
$899,000
Sold Price
$880,000
Premium/Discount to List
-$19,000
-2.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2018
Sold by
Bunton Terence Robert and Bunton Pauline Elizabeth
Bought by
Rp451 Limited Liability Company

Purchase Details

Closed on
Sep 11, 2001
Sold by
Bunton Terence Robert and Bunton Pauline Elizabeth
Bought by
Bunton Terence Robert and Bunton Pauline Elizabeth
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
Anand Ayyar And Jayashree Ayyar Revocable Tru -- None Listed On Document
Ayyar Anand -- None Listed On Document
Ayyar Anand -- First American Title Company
Ayyar Anand $880,000 First American Title Company
Rp451 Limited Liability Company -- None Available
Bunton Terence Robert -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ayyar Anand $660,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $880,000 -2.1% --
12/03/2021 12/03/21 For Sale $899,000 -- --
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 $11,338 $933,856 $530,600 $403,256
2024 $11,279 $915,552 $520,200 $395,352
2023 $11,052 $897,600 $510,000 $387,600
2022 $10,757 $880,000 $500,000 $380,000
2021 $3,600 $253,878 $101,183 $152,695
2020 $3,566 $251,268 $100,143 $151,125
2019 $3,377 $246,341 $98,179 $148,162
2018 $3,331 $241,512 $96,254 $145,258
2017 $3,274 $236,777 $94,367 $142,410
2016 $3,045 $232,135 $92,517 $139,618
2015 $3,002 $228,649 $91,128 $137,521
2014 $2,913 $224,170 $89,343 $134,827
Source: Public Records

Agents Affiliated with this Home

  • Erich Reichenbach

    Seller's Agent in 2021

    Erich Reichenbach

    Marcus & Millichap Real Estate

    (415) 625-2146

    1 in this area

    13 Total Sales

    Erich Reichenbach
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321111203

Bay Area Real Estate Information Services (BAREIS)

APN: 143-200-16

California Marin County Novato 94945 Green Point

45 Bridge Rd, Novato, CA

Not Listed for Sale

MultiFamily

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