April 23, 2008

My Pick of Marin’s New Listings For Under $1 Mil

33355764thb My Pick of Marins New Listings For Under $1 MilIt seems like all the houses I would love to be in in Marin often ask well over $1 million.  In areas like Larkspur, Mill Valley, Ross, etc. – the median price for a single family home is above this seven digit figure.  So, when new listings come onto the market that are in good neighborhoods and shoot below this magic number, it definitely catches my eye.  And I’m sure many hopeful homeowners like myself are eyeing this range too.  Take a look at some potential properties that you don’t need to shell out a cool mil.

488 Redwood Ave, Corte Madera – 4 beds, 3 baths – $995,000:  Close to that magic number, but it’s not!  Interesting property that use to be 2 units.  Beautiful outdoor fireplace will keep you toes toasty on those magical nights when you are outdoors enjoying your view high a top this Corte Madera hill. 

148 Knight Dr,  San Rafael - 3 beds, 2 baths – $879,000:  In the desirable Glenwood area of San Rafael.  Nice level lot for upcoming summer days.  Good elementary school in the neighborhood. 

208 Sausalito St, Corte Madera – 2 beds, 2 baths – $799,000:  On the smallish side – just under 1,000 SF, but looks to be in good shape with modern touches.  Ok sized lot but location is what you are getting here in the Chapman Park area of Corte Madera.

4 Monterey Ave,  San Anselmo – 3 beds, 1 bath – $759,000:  Charming ranch home near Red Hill in San Anselmo.  Good entry level price for young Marin families. 


  • Red
    Um, good entry level price. $759,000.
    20% down, thats $151,800
    $607,200 at 6%, $3640/mo, $43,680 yr
    Prop taxes ~ $9500.
    So $53,180. before insurance, maint, utilities.
    An income of around $150,000 would find this small, one bathroom place "affordable".

    The 3 least expensive of these all sold previously in the last 4 years. Is it because it is just too painful for a young family to make payments like this for long?
    What if prices here drop like those just a little further up the road, say, 20%, eating the entire downpayment?
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