Marin Price Reductions: Picks of the Week

With the events in the financial markets getting everyone spooked last week (including yours truly), it seemed like there were more price reductions than typical in Marin. Here are my picks of the week:

3 West Shore Rd Belvedere – 5 beds, 3.5 baths – $3,999,000:  Ok, yes this is a high price tag.  But considering the seller knocked another $1 million off the price, this had to be mentioned (but I’m assuming that this is out of the range of most folks like me) and not only wins the pick of the week, but maybe the pick of the summer/ fall.  Prime waterfront Belvedere property with boat dock and views of Mt. Tam.  This is the second price reduction;  first was a $500,000 knock off.  Originally listed in July for $5,595,000.  This may be the biggest price reduction in actual dollar terms I’ve seen and in terms of percentage – a 20% price reduction – it ranks up there.  If this is your price range, this is worth another look.

157 Woodland Ave #8 San Rafael – 3 beds, 2.5 baths – $599,000:  This is a townhome near the Bret Hart area of San Rafael.  Built in 2001, it looks to have the amenities you would expect in a newer home.  Nice views.  This is the first reduction from the original ask of $649,000.  Getting close to the 2001 sales price of $559,000.

4 White Oak Way Novato – 4 beds, 3.5 baths – $765,000:  Over 90 days (make that over 200 days) on the market, this house is experiencing the downtown that has hit Novato but seems to have spare (so far) other Marin cities.  This is the 4th mark down from the original ask of $869,000.  Vacant and looks like a REO.  Newer home so has all the extras you expect as well.  Based on sales records, I’m guessing the bank bought this for just over $800,000 at the beginning of the year.

25 Heather Way Larkspur – 2 beds, 1 bath – $799,000:  This is also the first price reduction for this cottage that is walking distance to downtown Larkspur.  It first asked $869,000.  No pics of the inside, which leads one to assume that the interior is not a highlight.  Location is prime and most likely the main driver of the price.  What a difference you get between the Novato house above and one in a more coveted area like Larkspur.

35 Queen Rd Bolinas – 2 beds, 2 baths – $1,995,000:  A nearly $500,000 mark down for this modernist retreat in magical Bolinas.  Ocean views and a bedroom with floor to ceiling windows.  Contemporary lines and fixtures all around.  On the market since June when the original ask was $2,450,000.