Rare. Urban. Duplex.
Nestled on a sunny hillside in Spring Valley with enchanting terraced gardens on a street to street lot, this beautiful duplex has been lovingly updated and maintained. Originally built as a cottage at the turn of the century (circa 1909), it maintains its charm and sophistication after expansion, with plenty of upside potential for an investor ; a great weekend 'get awa' or the perfect live/work environment. Current Owners have never rented their home and enjoyed having the lower unit for their family & friends.
- Light & bright w/panoramic Bay views
- Spacious two bedroom/two bath updated Owner’s Unit
- Zoned R-2 2.5 – (multi-residential) w/ legal 2nd unit (1BR/1BA)
- Open living/dining
- Terraced landscaped gardens
- Street to street lot
- Hardwood floors throughout
- Updated kitchen(s)
- Full size laundry room in upper unit
- One car carport w/ abundant on street parking
- Great commute location
- Projected Rents: $5000+/- Upper; $2500 +/- Lower
Recent Improvements: Property is in pristine condition with many recent improvements and upgrades. Both units are ready for their new occupants! The exterior and most of interior have been recently painted; new landscaping, retaining walls and handrails installed throughout the property. New stairs and front deck/entry porch to the owner’s unit, upgraded auto irrigation; 11 new low e dual pane windows and new front door(s) & hardware are just of a few of the recent changes.
This property is situated in a terrific commute location just off the 101 and an easy distance to local restaurants, marinas and shopping.
Offer Presentation Guideline:
Preview Property. Property is on MLS and will be open for 1st Brokers Tour on 09/20 from 10:30-2:30 p.m. and Sunday, 09/24 from 1-4 p.m. The owners are in residence and all showings are by appointment only with the Listing Agent, Sherrie Faber (415)339.9200 (call/text) or email: email@example.com.
Disclosures. To write an offer on this property, please include a signed copy of the Receipt for Disclosures from the Disclosure Package. Disclosures are available upon request and can be transmitted electronically via Dropbox. Disclosures include Natural Hazard Report by JCP, Marin County Disclosures, Preliminary Title Report by Old Republic Title – 0457015441-RB; Contractor’s Home Inspection by Kaul Inspection Services; Pest Inspection by Marin Termite; Residential Resale Inspection by City of Sausalito; Survey of the land; conceptual plans for major remodel and expansion of a modular home by Clever Homes, Toby Long Designer. A sewer lateral inspection has been completed by Trenchless Titan & Peter Levi Plumbing. A cleanout was installed by Trenchless Titan in August to complete inspection. The sewer lateral needs to be replaced in its entirety, per City of Sausalito. Three bids have been submitted for this repair, and Trenchless Titan will be performing the repair. Sellers have scheduled this work to be completed as soon as possible. The exterior and most of the interior have been recently painted (09/17) w/ most of the items addressed from both inspection reports. There is new landscaping with irrigation throughout the property along with newly installed handrails.
Personal Property Included in Sale. Washer/Dryer and all appliances. The large custom cabinet in living room of owner’s unit is not included in the sale.
Interesting Details: The Sellers, Marijo Racciatti and her husband Henry Martinez, Trustees of the Racciatti-Martinez Trust. Marijo and Henry have enjoyed this home as their primary residence since September of 2005. It was their intention to expand their unit (go up) and rebuild/expand the residence to include a 3-car garage at the street level on Woodward Avenue and keep the 2nd unit. A topographical survey was completed along with conceptual drawings for this new residence and is included in the disclosure package. These plans were never permitted, but were developed using the Sausalito planning and zoning laws. The lower unit has never been rented by these owner’s, it has always been used as an in-law/guest suite. With retirement looming, Marijo and Henry have found their “forever” home in Hawaii and will be moving there permanently upon the close of escrow at 211 Woodward. Projected rent for the owner’s residence is $5000 +/-;Lower Unit $2500 +/-
Approval Letter & Good Funds Deposit. Please submit a pre-approval letter from a verified loan broker or lender with your offer. If the offer is cash, please provide verification of funds to close. All offers require a Good Funds check deposit. Escrow has been opened with Old Republic Title, Retie Brown in the Mill Valley Office – Escrow No. 0457015441-RB. Please contact Sherrie for details.
Offers. Offers will be reviewed as they come after 1st public Open House. Please submit all offers electronically to Sherrie@SherrieFaber.com and allow 24 hours for Sellers to respond. Please include an acknowledged Receipt for Disclosures with your Offer, included in the Disclosure Package.
Presented by Sherrie Faber, Principal
2001 Bridgeway Sausalito CA 94965 415.331.6100 www.FirstCaliforniaRealty.com