Peter Colbert
Compass
(707) 664-7897
130 Total Sales
1 in Ignacio
$1,110,000 Price
49 Ignacio Ln Novato, CA 94949
Ignacio NeighborhoodEstimated Value: $3,158,000 - $3,465,162
Studio
3
Baths
6,800
Sq Ft
$481/Sq Ft
Est. Value
Highlights
- 0.68 Acre Lot
- Novato High School Rated A-
- Laundry Facilities
About This Home
As of November 2023Ignacio Lane Apartments is a well located property adjacent to open space and neighborhood retail, offering 10 stylish, loft-like studios, each with private outdoor areas. Well maintained and fully occupied, the property presents an excellent investment opportunity that provides immediate cash flow. The building benefits from recently replaced electrical subpanels, roof, common water heater, and new card operated laundry machines. Select units are updated with vinyl plank flooring, granite countertops, and stainless steel electric appliances. The property is turnkey with demonstrated high rents of $2,000/mo plus a utility reimbursement program to offset water and garbage expenses. 5.01% Cap Rate on current rents, and a 5.63% Cap Rate with all rents at the demonstrated high of $2,000. Ignacio Lane Apartments is a quality investment asset, positioned to provide its new owner with immediate, reliable cash flow and long-term appreciation in a highly constrained, blue-chip Bay Area submarket.
Last Agent to Sell the Property
Marcus & Millichap Real Estate License #01421403 Listed on: 07/11/2023
Last Buyer's Agent
Marcus & Millichap Real Estate License #01421403 Listed on: 07/11/2023
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Property Details
Home Type
- Multi-Family
Year Built
- Built in 1974
Lot Details
- 29,799 Sq Ft Lot
Interior Spaces
- 6,800 Sq Ft Home
- 2-Story Property
- Leased Washer and Dryer
Parking
- 10 Parking Spaces
- 10 Carport Spaces
Utilities
- Cooling System Mounted In Outer Wall Opening
- Wall Furnace
Community Details
- 10 Units
- Laundry Facilities
- Gross Income $225,048
Listing and Financial Details
- Assessor Parcel Number 160-201-22
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
Jul 11, 2023
Closed on
Nov 30, 2023
Sold by
Bought by
Seller's Agent
John Garrett
Marcus & Millichap Real Estate
Buyer's Agent
John Garrett
Marcus & Millichap Real Estate
List Price
$3,000,000
Sold Price
$2,900,000
Premium/Discount to List
-$100,000
-3.33%
Views
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,054
Avg. Annual Appreciation
4.65%
Purchase Details
Closed on
Dec 3, 2021
Sold by
Bought by
Purchase Details
Closed on
Jun 18, 2014
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
$800,000
Interest Rate
4.11%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 9, 2010
Sold by
Bought by
Purchase Details
Closed on
May 24, 2004
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
$687,000
Interest Rate
5.86%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 4, 2004
Sold by
Bought by
Purchase Details
Closed on
Jul 9, 2001
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
$783,750
Interest Rate
7.15%
Purchase Details
Closed on
May 18, 2001
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
$783,750
Interest Rate
7.15%
Purchase Details
Closed on
Sep 13, 1999
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
$510,300
Interest Rate
7.89%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Ignacio, CA
-
Peter Colbert
-
Kevin Kearney
Kevin Kearney
Coldwell Banker Realty
(510) 988-5385
41 Total Sales
2 in Ignacio
$1.2M - $1.4M Price Range
-
Lucia Annunziata
Lucia Annunziata
Compass
(628) 219-1999
35 Total Sales
2 in Ignacio
$599K - $660K Price Range
-
Betty Taisch
Betty Taisch
Compass
(415) 842-2964
99 Total Sales
1 in Ignacio
$400,596 Price
-
Shirin Zehtabfard
Shirin Zehtabfard
Coldwell Banker Realty
(650) 870-9647
40 Total Sales
2 in Ignacio
$757K - $940K Price Range
-
Michael Wayne Jackson
Michael Wayne Jackson
Coldwell Banker Realty
(628) 336-1347
52 Total Sales
3 in Ignacio
$585K - $825K Price Range
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 |
|---|---|---|---|
| $2,900,000 | Old Republic Title | ||
| -- | Old Republic Title | ||
| $1,315,000 | Stewart Title Of Ca Inc | ||
| $980,500 | First American Title Company | ||
| -- | -- | ||
| -- | -- | ||
| $118,000 | California Land Title Co | ||
| $1,045,000 | California Land Title Co | ||
| $729,000 | First American 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 |
|---|---|---|---|
| Previous Owner | $2,000,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $2,400,000 | ||
| Previous Owner | $1,870,000 | ||
| Previous Owner | $800,000 | ||
| Previous Owner | $750,000 | ||
| Previous Owner | $500,000 | ||
| Previous Owner | $637,000 | ||
| Previous Owner | $740,000 | ||
| Previous Owner | $687,000 | ||
| Previous Owner | $783,750 | ||
| Previous Owner | $510,300 |
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 |
|---|---|---|---|---|
| 12/05/2023 12/05/23 | Off Market | $2,900,000 | -- | -- |
| 11/30/2023 11/30/23 | Sold | $2,900,000 | -3.3% | $426 / Sq Ft |
| 07/11/2023 07/11/23 | For Sale | $3,000,000 | -- | $441 / 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 | $9,666 | $3,016,998 | $1,550,196 | $1,466,802 |
| 2025 | $9,666 | $2,957,920 | $1,519,800 | $1,438,120 |
| 2024 | $42,039 | $2,900,000 | $1,490,000 | $1,410,000 |
| 2023 | $35,322 | $2,323,438 | $1,215,840 | $1,107,598 |
| 2022 | $31,827 | $2,277,959 | $1,192,000 | $1,085,959 |
| 2021 | $23,248 | $1,488,681 | $736,112 | $752,569 |
| 2020 | $25,550 | $1,473,460 | $728,565 | $744,895 |
| 2019 | $24,364 | $1,444,657 | $714,285 | $730,372 |
| 2018 | $23,914 | $1,416,418 | $700,284 | $716,134 |
| 2017 | $23,406 | $1,388,730 | $686,556 | $702,174 |
| 2016 | $21,927 | $1,361,579 | $673,094 | $688,485 |
| 2015 | $21,478 | $1,341,193 | $662,987 | $678,206 |
| 2014 | $17,651 | $1,024,559 | $501,657 | $522,902 |
Source: Public Records
Agents Affiliated with this Home
-
John Garrett
Seller's Agent in 2023
John Garrett
Marcus & Millichap Real Estate
(415) 963-3000
1 in this area
19 Total Sales
Map
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 323047566
APN: 160-201-22
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.
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