NOT LISTED FOR SALE

517 E Blithedale Ave Mill Valley, CA 94941

Blithedale Canyon Neighborhood

Estimated Value: $1,277,000 - $1,668,333

2 Beds
3 Baths
1,600 Sq Ft
$923/Sq Ft Est. Value

Last Sold January 31, 2019

Last sale price $1,025,000 $641 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $9,244/month

61 Days on Market

Highlights

  • Mountain View
  • Fireplace
  • Central Heating
  • Mill Valley Middle School Rated A
  • Bungalow

About This Home

As of January 2019

Rare value-add opportunity for an investor to own an unique, well-located two-unit multifamily property in Marin County's strongest rental market. This investment offers a strong Mill Valley location, an attractive configuration and upside potential. Rents are significantly below market. Potential 5.0% CAP. Property consists of two, single-story homes situated on one large sunny lot. two 1-bdr (plus)1-bath units, with both front and back yards.

Last Agent to Sell the Property

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 11/14/2018

Last Buyer's Agent

Lauren Ramsey

Compass License #01796177

Compass

Property Details

Home Type

  • Multi-Family

Lot Details

  • 10,759

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Bungalow
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2 Bedrooms
  • 1,600 Sq Ft Home
  • Fireplace
  • Mountain Views

Additional Features

  • 10,759 Sq Ft Lot
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 030-021-22

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Directions To Property: Hwy 101 to E Blithedale Exit
  • Lot Size Acres: 0.2470
  • CapRate: 2.76
  • Year Built Details: Unknown
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Bungalow
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 640.63
  • Square Footage: 1600
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Shingle
  • View: Mountains

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central, Fireplace(s)
  • Laundry Features: Other

Lot Info

  • Assessor Parcel Number: 030-021-22
  • Lot Size Sq Ft: 10759

Multi Family

  • NumberOfUnitsTotal: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2018
Closed on
Mar 20, 2019
Sold by
Yen Ronald and Ramsey Lauren
Bought by
Lr1 Llc
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
Buyer's Agent
Lauren Ramsey
Compass
List Price
$1,025,000
Sold Price
$1,025,000
Current Estimated Value
$1,476,083

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$451,083
Avg. Annual Appreciation
5.41%
Original Mortgage
$768,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 14, 2018
Closed on
Jan 22, 2019
Sold by
Kett Diane A and Kett 1997 Revocable Trust
Bought by
Yen Ronadl and Ramsey Lauren
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
Buyer's Agent
Lauren Ramsey
Compass
List Price
$1,025,000
Sold Price
$1,025,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$768,750
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 21, 1997
Sold by
Kett Frederick W and Kett Diane A
Bought by
Kett Frederick W and Kett Diane A

Purchase Details

Closed on
Jun 21, 1996
Sold by
Kett Frederick W
Bought by
Kett Frederick W and Kett Diane 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
Lr1 Llc -- Accommodation
Yen Ronadl $1,025,000 Old Republic Title Co
Kett Frederick W -- --
Kett Frederick W -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yen Ronadl $768,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2019 01/31/19 Sold $1,025,000 0.0% $641 / Sq Ft
01/14/2019 01/14/19 Pending -- -- --
11/14/2018 11/14/18 For Sale $1,025,000 -- $641 / 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 $18,398 $1,176,195 $797,582 $378,613
2024 $17,605 $1,153,135 $781,945 $371,190
2023 $17,033 $1,130,528 $766,615 $363,913
2022 $16,505 $1,108,364 $751,586 $356,778
2021 $16,147 $1,086,633 $736,850 $349,783
2020 $15,860 $1,075,500 $729,300 $346,200
2019 $5,669 $138,431 $46,139 $92,292
2018 $6,813 $135,716 $45,234 $90,482
2017 $5,378 $133,056 $44,348 $88,708
2016 $4,963 $130,447 $43,478 $86,969
2015 $4,269 $128,488 $42,825 $85,663
2014 $4,252 $125,971 $41,986 $83,985
Source: Public Records

Agents Affiliated with this Home

  • Erich Reichenbach

    Seller's Agent in 2019

    Erich Reichenbach

    Marcus & Millichap Real Estate

    (415) 625-2146

    13 Total Sales

    Erich Reichenbach
    Section Image
  • Lauren Ramsey

    Buyer's Agent in 2019

    Lauren Ramsey

    Compass

    (415) 450-5955

    4 in this area

    62 Total Sales

    Lauren Ramsey
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21829282

Bay Area Real Estate Information Services (BAREIS)

APN: 030-021-22

California Marin County Mill Valley 94941 Blithedale Canyon

517 E Blithedale Ave, Mill Valley, CA

Not Listed for Sale

MultiFamily

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Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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