NOT LISTED FOR SALE

487 Montecito Ave Corte Madera, CA 94925

Estimated Value: $1,541,000 - $1,927,000

2 Beds
2 Baths
1,589 Sq Ft
$1,041/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $1,410,000 $887 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $10,319/month

13 Days on Market

Highlights

  • 0.38 Acre Lot
  • View of Hills
  • Bonus Room
  • Neil Cummins Elementary School Rated A
  • Main Floor Bedroom
  • Breakfast Area or Nook

About This Home

As of October 2021

NEW LISTING! Fantastic opportunity in sought after Corte Madera location. This home has tons of potential. Bring your vision and bring your contractor. Two bedrooms and one full bathroom with a downstairs bonus room and additional full bathroom. Kitchen with eat in area that opens to deck and small yard area. Attached two car garage with additional carport. Ideal location with a path to downtown CM, restaurants, shopping, parks and school.

Last Agent to Sell the Property

Dennis Naranche

Compass License #00751765 Listed on: 09/17/2021

Compass

Last Buyer's Agent

Clint Massey-Blake

Golden Gate Sotheby's License #01940048

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1954

Lot Details

  • 0.38 Acre Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Interior Spaces

  • 1,589 Sq Ft Home
  • 2-Story Property
  • Brick Fireplace
  • Living Room with Fireplace
  • Bonus Room
  • Views of Hills

Kitchen

  • Breakfast Area or Nook
  • Electric Cooktop

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Bathtub
  • Separate Shower

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Utilities

  • No Cooling
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 025-191-08

Home Details

Home Type

Single Family

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Type: Residential
  • Property Sub Type: Single Family Residence
  • Subtype Description: Detached
  • Directions To Property: Tamalpais Drive to L-Montecito Avenue to the end.
  • Lot Size Acres: 0.3828
  • Stories: 2
  • Special Features: None

Interior Features

  • Appliances: Electric Cook Top
  • Number Of Fireplaces: 1
  • Bedrooms: 2
  • Full Bathrooms: 2
  • Flooring: Carpet, Vinyl
  • Price Per Square Foot: 887.35
  • Square Footage: 1589
  • Bathroom Features: Shower Stall(s), Tub
  • Bathrooms: 2.00
  • Fireplace Features: Brick, Living Room
  • Kitchen Features: Breakfast Area
  • Room Type: Bonus Room
  • Lower Level: Full Bath(s)
  • Main Level: Bedroom(s), Full Bath(s), Kitchen, Living Room

Exterior Features

  • Lot Features: Other
  • Pool: No
  • View: Hills

Garage/Parking

  • Parking Features: Attached, Garage Door Opener
  • Total Parking Spaces: 2
  • Garage Spaces: 2

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Utilities: All Public
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Dryer Included, In Garage, Washer Included

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Assessor Parcel Number: 025-191-08
  • Lot Size Sq Ft: 16675

Building Info

  • Year Built: 1954

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 26, 2021
Sold by
Alice Branch Jacqueline
Bought by
Jacqueline A Branch 2002 Trust
Seller's Agent
Dennis Naranche
Compass
Buyer's Agent
Clint Massey-Blake
Golden Gate Sotheby's
List Price
$1,410,000
Sold Price
$1,410,000
Current Estimated Value
$1,654,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,013
Avg. Annual Appreciation
3.90%
Original Mortgage
$1,050,000
Outstanding Balance
$957,502
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$696,511

Purchase Details

Listed on
Sep 17, 2021
Closed on
Oct 21, 2021
Sold by
Branch Ronald S and Jacqueline A Branch 2002 Trust
Bought by
Parsons Arun E and Parsons Oakley C
Seller's Agent
Dennis Naranche
Compass
Buyer's Agent
Clint Massey-Blake
Golden Gate Sotheby's
List Price
$1,410,000
Sold Price
$1,410,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Outstanding Balance
$957,502
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$696,511

Purchase Details

Closed on
May 8, 2002
Sold by
Branch Jacqueline A
Bought by
Branch Jacqueline A
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
Jacqueline A Branch 2002 Trust -- --
Parsons Arun E $1,410,000 Cal Land Title Company
Branch Jacqueline A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parsons Arun E $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $1,410,000 0.0% $887 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
09/17/2021 09/17/21 For Sale $1,410,000 -- $887 / 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 $19,840 $1,496,292 $955,080 $541,212
2024 $18,986 $1,466,964 $936,360 $530,604
2023 $18,385 $1,438,200 $918,000 $520,200
2022 $18,228 $1,410,000 $900,000 $510,000
2021 $2,377 $123,441 $43,601 $79,840
2020 $2,378 $122,149 $43,143 $79,006
2019 $2,169 $119,754 $42,297 $77,457
2018 $2,165 $117,406 $41,468 $75,938
2017 $2,240 $115,105 $40,655 $74,450
2016 $2,171 $112,848 $39,858 $72,990
2015 $2,175 $111,153 $39,259 $71,894
2014 $2,091 $108,975 $38,490 $70,485
Source: Public Records

Agents Affiliated with this Home

  • Dennis Naranche

    Seller's Agent in 2021

    Dennis Naranche

    Compass

    (415) 793-3646

    26 in this area

    51 Total Sales

    Dennis Naranche
    Section Image
  • Clint Massey-Blake

    Buyer's Agent in 2021

    Clint Massey-Blake

    Golden Gate Sotheby's

    (415) 717-2010

    1 in this area

    13 Total Sales

    Clint Massey-Blake
    Section Image

  • L

    Buyer Co-Listing Agent in 2021

    Luisa Massey-Blake

    Inactive Office

    (415) 381-7300

    1 in this area

    5 Total Sales

    Luisa Massey-Blake
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321088354

Bay Area Real Estate Information Services (BAREIS)

APN: 025-191-08

California Marin County Corte Madera 94925

487 Montecito Ave, Corte Madera, CA

Not Listed for Sale

Detached

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