$1,295,000
SOLD AUG 17, 2018

70 Drakes Summit Rd Inverness, CA 94937

2 Beds
1.5 Baths
1,383 Sq Ft
3.9 Acres

Recently Sold

$936 Per Sq Ft

20 Days on Market

Highlights

  • Bay View
  • Craftsman Architecture
  • Living Room with Fireplace
  • 3.9 Acre Lot
  • Wood Burning Stove
  • Cathedral Ceiling

About This Home

As of August 2021

Magical setting on the Inverness Ridge. Incredible craftsman home on almost 4 private tranquil acres bordering the Pt Reyes National Seashore features custom wood doors & windows. The living/dining room offers wood floors, fireplace & dramatic 18' ceilings. Walk among verdant old-growth fir trees on your own park-like trails or hike to NPS trails. Don't miss this rare opportunity to own one of the most unique & beautiful properties around.

Last Agent to Sell the Property

Joseph Soule

Inactive Office License #01037442 Listed on: 07/05/2018

Inactive Office

Last Buyer's Agent

Fred Rodoni

Coastal Marin Real Estate License #00792805

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,070

Year Built

  • Built in 1962

Property Views

  • Bay
  • Woods
  • Hills
  • Forest
  • Park or Greenbelt

Home Design

  • Craftsman Architecture
  • Concrete Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,383 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Great Room
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Formal Dining Room
  • Storage Room
  • Stacked Washer and Dryer

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 6 Open Parking Spaces
  • 1 Carport Space
  • Gravel Driveway

Utilities

  • Wall Furnace
  • Heating System Uses Propane
  • Well
  • Septic System

Additional Features

  • Outbuilding
  • 3.9 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 114-310-18

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,070

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Residential
  • Property Sub Type: Single Family Residence
  • Subtype Description: Detached
  • Directions To Property: SFD-Balboa-Drakes Summit Rd. Drakes Summit to #70 lane(sign). Right to 70 sign. Left to prop
  • Lot Size Acres: 3.8999
  • Stories: 2
  • ArchitecturalStyle: Craftsman, CUST
  • Special Features: None

Interior Features

  • Appliances: REFA
  • Number Of Fireplaces: 2
  • Bedrooms: 2
  • Half Bathrooms: 1
  • Full Bathrooms: 1
  • Dining Room Features: Formal Area
  • Living Room Features: Open Beam Ceiling, Cathedral/Vaulted
  • Number Of Rooms: 5
  • Flooring: Carpet, Other, Wood
  • Price Per Square Foot: 936.37
  • Square Footage: 1383
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 2.00
  • Family Room Features: Great Room
  • Fireplace Features: Family Room, Living Room, Wood Burning, Wood Stove
  • Room Type: Storage
  • Main Level: BATH, Dining Room, Kitchen, Living Room

Exterior Features

  • Construction Materials: Frame, Partial Insulation, Stucco, Wood
  • Foundation: Concrete Perimeter
  • Roof: Composition
  • OtherStructures: Outbuilding
  • Pool: No
  • Spa: No
  • View: Bay, Forest, Hills, Park, Woods

Garage/Parking

  • Carport Spaces: 1
  • OpenParkingSpaces: 6
  • Driveway/Sidewalks: Gravel, Paved Driveway

Utilities

  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Septic Connected
  • Utilities: All Public, PGEE, PRPN
  • Water Source: Well
  • Heating: Propane, Wall Furnace
  • Laundry Features: Washer/Dryer Stacked Included

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Assessor Parcel Number: 114-310-18
  • Lot Size Sq Ft: 169880

Building Info

  • Year Built: 1962

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2021
Closed on
Aug 6, 2021
Sold by
Chapman James J and Ballard Madeleine W
Bought by
Orchard Dunstan and Dutton Kristian
Seller's Agent
Ryan Rodoni
Coastal Marin Real Estate
Buyer's Agent
Jennifer Ames
Engel & Völkers
List Price
$1,910,000
Sold Price
$1,910,000
Current Estimated Value
$1,867,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$42,903
Avg. Annual Appreciation
0.04%
Original Mortgage
$800,000
Outstanding Balance
$731,624
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,181,143

Purchase Details

Listed on
Jul 5, 2018
Closed on
Jul 30, 2018
Sold by
Teichman Judith L
Bought by
Chapman James J and Ballard Madeleine W
Seller's Agent
Joseph Soule
Inactive Office
Buyer's Agent
Fred Rodoni
Coastal Marin Real Estate
List Price
$1,295,000
Sold Price
$1,295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.93%

Purchase Details

Closed on
Dec 8, 2012
Sold by
Teichman Judith L
Bought by
Teichman Judith L

Purchase Details

Closed on
Nov 1, 2000
Sold by
James Douglas W and Robert Ornduff Living Trust
Bought by
James Douglas W

Purchase Details

Closed on
Nov 4, 1994
Sold by
Relyea Chester F and Teichman Judith L
Bought by
Relyea Chester F and Teichman Judith L
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,910,000 Fidelity National Title Co
Grant Deed $1,295,000 Fidelity National Title Co
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $800,000 New Conventional
Previous Owner $197,000 New Conventional
Previous Owner $200,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2021 08/09/21 Sold $1,910,000 0.0% $1,381 / Sq Ft
07/26/2021 07/26/21 Pending -- -- --
07/06/2021 07/06/21 For Sale $1,910,000 +47.5% $1,381 / Sq Ft
08/17/2018 08/17/18 Sold $1,295,000 0.0% $936 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
07/05/2018 07/05/18 For Sale $1,295,000 -- $936 / 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 $22,070 $2,026,892 $1,379,560 $647,332
2024 $22,070 $1,987,164 $1,352,520 $634,644
2023 $21,674 $1,948,200 $1,326,000 $622,200
2022 $21,502 $1,910,000 $1,300,000 $610,000
2021 $15,348 $1,349,730 $1,082,088 $267,642
2020 $15,344 $1,335,900 $1,071,000 $264,900
2019 $14,796 $1,295,000 $1,050,000 $245,000
2018 $3,762 $295,888 $192,122 $103,766
2017 $3,671 $290,087 $188,355 $101,732
2016 $3,511 $284,399 $184,662 $99,737
2015 $3,503 $280,128 $181,889 $98,239
2014 $3,371 $274,641 $178,326 $96,315
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21817266

Bay Area Real Estate Information Services (BAREIS)

APN: 114-310-18