NOT LISTED FOR SALE

678 Broadway Sonoma, CA 95476

Estimated Value: $3,111,441

2 Beds
3 Baths
8,048 Sq Ft
$387/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $2,995,000 $372 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $20,092/month

12 Days on Market

Highlights

  • 0.56 Acre Lot
  • Landscaped
  • Laundry Facilities
  • The community has rules related to allowing live work
  • Central Heating

About This Home

As of December 2021

Mixed use property features a classic Broadway home converted as 5 separate office spaces. The property is absolutely prime location for business and residents alike. On top of the perfect business location this incredible property has 7 separate one bedroom apartments. Apartments feature shared laundry room, courtyard and creek side setting one and half blocks from the plaza. This property is a spectacular opportunity for both commercial and residential potential

Last Agent to Sell the Property

Alex Yankee

Sotheby's International Realty License #01946401 Listed on: 11/10/2021

Sotheby's International Realty

Last Buyer's Agent

Ryan Dailey

Compass License #01981700

Compass

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.56 Acre Lot
  • Landscaped
  • Sprinkler System

Home Design

  • Garden Apartment
  • Mixed Use

Interior Spaces

  • 2 Bedrooms
  • 8,048 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Open Parking Spaces
  • 13 Parking Spaces
  • 6 Carport Spaces

Utilities

  • Central Heating
  • Natural Gas Connected
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 018-302-009-000

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • The community has rules related to allowing live work

Additional Features

  • Laundry Facilities
  • Gross Income $175,440

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Garden Apartments, Live/Work, Mixed Use
  • Directions To Property: On Broadway closest cross street is France.
  • Lot Size Acres: 0.5624
  • Stories: 2
  • CapRate: 3.48
  • Year Built Details: Against Co. Policy
  • Actual or Scheduled: Scheduled
  • Number Commercial Units: 5
  • Special Features: None

Interior Features

  • Price Per Square Foot: 372.14
  • Square Footage: 8048
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Auto Sprinkler F&R, Landscape Front

Garage/Parking

  • Parking Features: Carport, Covered
  • Total Parking Spaces: 13
  • Carport Spaces: 6
  • OpenParkingSpaces: 7

Utilities

  • Cooling: See Remarks
  • Sewer: Public Sewer
  • Utilities: Cable Connected, City, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Central, Other
  • Laundry Features: Coin Operated

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 018-302-009-000
  • Lot Size Sq Ft: 24498

Multi Family

  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 7
  • NumberOfUnitsTotal: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 28, 2022
Sold by
Merlo Family Trust
Bought by
Rdr Llc
Current Estimated Value
$3,111,441

Purchase Details

Closed on
Nov 1, 2022
Sold by
Merlo Family Trust
Bought by
Rdr Llc

Purchase Details

Listed on
Nov 10, 2021
Closed on
Dec 1, 2021
Sold by
Maher Philip and Maher Renee
Bought by
Merlo Richard P and Merlo Diane L
Seller's Agent
Alex Yankee
Sotheby's International Realty
Buyer's Agent
Ryan Dailey
Compass
List Price
$2,995,000
Sold Price
$2,995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.93%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Maher Ruth
Bought by
Maher Ruth G
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
Rdr Llc -- First American Title
Rdr Llc -- First American Title
Merlo Richard P $2,995,000 First American Title Company
Maher Ruth G -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2021 12/08/21 Sold $2,995,000 0.0% $372 / Sq Ft
11/22/2021 11/22/21 Pending -- -- --
11/10/2021 11/10/21 For Sale $2,995,000 -- $372 / 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 $47,221 $3,510,991 $1,055,901 $2,455,090
2024 $47,221 $3,442,197 $1,035,198 $2,406,999
2023 $47,221 $2,083,200 $780,300 $1,302,900
2022 $30,783 $2,042,400 $765,000 $1,277,400
2021 $29,116 $886,221 $270,550 $615,671
2020 $16,187 $877,159 $267,776 $609,383
2019 $15,846 $860,008 $262,526 $597,482
2018 $15,713 $843,193 $257,379 $585,814
2017 $11,652 $826,708 $252,333 $574,375
2016 $14,453 $810,546 $247,386 $563,160
2015 $14,506 $798,408 $243,671 $554,737
2014 $14,145 $782,816 $238,898 $543,918
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321079515

Bay Area Real Estate Information Services (BAREIS)

APN: 018-302-009