NOT LISTED FOR SALE

825 Drake Ave Sausalito, CA 94965

Estimated Value: $3,560,000

1.02 Acres
$3,483,366 Price per Acre
44,518 Sq Ft Lot

Last Sold February 26, 2020

Last sale price $2,500,000 $56 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $21,246/month

314 Days on Market

Highlights

  • Bay View
  • 1.02 Acre Lot
  • Corner Lot
  • Tamalpais High School Rated A
  • Property is near public transit
  • 2-minute walk to George "Rocky" Graham Park

About This Lot

As of February 2020

Rare & Amazing Development Opportunity. Zoned RMP34. Many possibilities for this 1.02 acre in Sausalito/Marin City, CA. Corner Lot, Utilities at site. New park across Str. Views: Some bay city lights greenbelt. 10 mi to S.F., 101, Ocean, Sausalito, Mill Valley 5-10 min. Wine Country 30 mi. straight up 101. Transportation, Shopping & World class Restaurants just minutes away.

Last Agent to Sell the Property

Erin Dunnigan

Turning Point Real Estate License #01499842 Listed on: 03/22/2019

Last Buyer's Agent

Erin Dunnigan

Turning Point Real Estate License #01499842 Listed on: 03/22/2019

Property Details

Property Type

  • Land

Lot Details

  • 1.02 Acre Lot
  • Property fronts a county road
  • Corner Lot
  • Corners Of The Lot Have Been Marked
  • Property is zoned RMP 34, Commercial,Mixed,Multi-Residential,Residential,Other

Property Views

  • Bay
  • City Lights
  • Ridge
  • Mountain
  • Hills
  • Park or Greenbelt

Location

  • Property is near public transit

Utilities

  • Underground Utilities
  • High Speed Internet
  • Internet Available

Community Details

  • Community Playground
  • Park
  • Rain Gutters

Listing and Financial Details

  • Assessor Parcel Number 052-112-03

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Type: Land
  • Property Sub Type: Commercial Lot
  • Directions To Property: Take the Marin City 445A Exit. to Donahue Left on Drake.
  • Lot Size Acres: 1.0220
  • Road Frontage Type: City Street, County Road
  • Road Surface Type: Paved, Surfaced
  • Sale Lease Rent: Sale
  • Special Features: None

Exterior Features

  • Lot Features: Corner, Curb(s), Gutter(s), Public Trans Nearby, Sidewalk(s), Storm Drain(s), Street Light(s), Other
  • Fencing: None
  • View: Bay, City, City Lights, Garden/Greenbelt, Hills, Mountains, Park, Ridge, Water, VWLC, PRTL

Utilities

  • Electric: Electric Available
  • Sewer: Public Sewer
  • Utilities: All Public, DSL Available, Internet Available, Natural Gas Available, Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Park, Playground

Fee Information

  • Association Fee Includes: None

Lot Info

  • Assessor Parcel Number: 052-112-03
  • Lot Size Sq Ft: 44518
  • Price Per Acre: 2446183.95
  • CurrentUse: NONE
  • DevelopmentStatus: Corners Marked, Subdivision Possible, Surveyed
  • NumberOfLots: 1
  • Zoning Description: Commercial,Mixed,Multi-Residential,Residential,Other

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2023
Sold by
Affordable Housing Land Consultants Llc
Bought by
Marin County Pacific Associates
Current Estimated Value
$3,560,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$415,947
Interest Rate
6.27%

Purchase Details

Listed on
Mar 22, 2019
Closed on
Feb 21, 2020
Sold by
Village Baptist Church Of Marin City
Bought by
Affordable Housing Land Consultants Llc
Seller's Agent
Erin Dunnigan
Turning Point Real Estate
Buyer's Agent
Erin Dunnigan
Turning Point Real Estate
List Price
$2,500,000
Sold Price
$2,500,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
3.6%
Mortgage Type
Commercial
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
Marin County Pacific Associates $2,500,000 First American Title
Affordable Housing Land Consultants Llc $2,500,000 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marin County Pacific Associates $4,000,000
Open Marin County Pacific Associates $49,350,000
Previous Owner Affordable Housing Land Consultants Llc $2,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/26/2020 02/26/20 Sold $2,500,000 0.0% $56 / Sq Ft
01/30/2020 01/30/20 Pending -- -- --
03/22/2019 03/22/19 For Sale $2,500,000 -- $56 / 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 $31,789 $2,599,959 $2,599,959 --
2024 $31,039 $2,548,980 $2,548,980 --
2023 $31,993 $2,627,924 $2,626,873 $1,051
2022 $30,734 $2,576,399 $2,575,369 $1,030
2021 $30,271 $2,525,899 $2,524,889 $1,010
2020 $6,009 $316,577 $29,651 $286,926
2019 $5,420 $310,372 $29,070 $281,302
2018 $4,733 $304,287 $28,500 $275,787
2017 $4,575 $298,321 $27,941 $270,380
2016 $1,332 $292,473 $27,393 $265,080
2015 $1,303 $288,080 $26,982 $261,098
2014 $1,493 $282,437 $26,453 $255,984
Source: Public Records

Agents Affiliated with this Home

  • Erin Dunnigan

    Seller's Agent in 2020

    Erin Dunnigan

    Turning Point Real Estate

    (707) 971-1397

    3 Total Sales

    Erin Dunnigan
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21903567

Bay Area Real Estate Information Services (BAREIS)

APN: 052-112-03

California Marin County Sausalito 94965

825 Drake Ave, Sausalito, CA

Not Listed for Sale

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