1 month on rocket

329 Olema Rd, Fairfax, CA, 94930

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
8,568 SqFt
$292/SqFt
Multi

Location

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329 Olema Rd, Fairfax$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Uncovered
Year Built1964
HeatingCentral
CoolingNone
MLS #324085978
Lot Size0.78 Acres
StatusActive

About 329 Olema Rd

An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. The property is located on .78 acres (33,927 sf) of land and features three spacious side-by-side duplexes with 3BR/1.5 BA townhouse units. Each apartment is 1,428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. Three separate parcels; however, necessary easements for driveway, parking, utilities, etc between the properties still need to be created and recorded. Buyer to confirm with the County. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 range. Overall, the property seems to be in good condition, however, a neighboring property caused a mudslide above the middle upper duplex. While, we understand, the cause has been repaired, these two units remain empty and still need substantial repairs, as well as the hillside directly above. Three duplexes priced at $1,000,000 each with one discounted $500,000 for repairs needed. Properties being sold as a package for $2,500,000 AS IS. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1964
  • Living Area: 8,568 SqFt

Listing Office:

  • Office Name: Golden Gate Sotheby's International Realty
  • Office Phone: (415) 464-9300, 34299
  • Listing Agent: Michael J Burke, Pamela Burke Pamela Burke

Exterior Features

Parking Information:

  • Parking: Off Street, Uncovered

Lot Features

Lot Information:

  • Lot: Secluded
  • Lot Size: 0.78 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: None

Other

Directions Information:

  • Directions: Sir Francis Drake past downtown Fairfax. Left on Olema Road to property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $292/SqFt

Tax Information:

  • Annual Amount: $8,020
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Fairfax, CA.

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Fairfax, CA

City

Med. Sold Price

$1.2M

Med. Price/SqFt

$797

# of Sold Homes

4

329 Olema Rd vs Fairfax

49 DAYS ON ROCKET

$2,500,000

+$1.3M More

$292/SqFt

-$505 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $505/SqFt less than other homes in Fairfax, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BAREIS MLS
  • MLS Number: #324085978

Listing Office:

  • Office Name: Golden Gate Sotheby's International Realty
  • Office Phone: (415) 464-9300, 34299
  • Listing Agent: Michael J Burke, Pamela Burke Pamela Burke

IDXCopyright © 2024 by Bay Area Real Estate Information Services, Inc. All rights reserved.

The data relating to real estate on this web site is provided through a cooperative data exchange program of the Bay Area Real Estate Information Services, Inc. Multiple Listing Service (BAREIS MLS) in which this real estate broker participates. The properties displayed are only the properties in the MLS's database approved by the cooperating listing Brokers to be displayed. Properties listed by brokers other than the broker owning this website are identified with the name of the listing broker's company, and name of the Listing Agent. Property information is provided by the listing broker. Information provided is not guaranteed to be accurate by BAREIS MLS, and you are advised to verify facts that are important to you. BAREIS MLS does not create, control, or review the property data displayed on this site and takes no responsibility for the content of such records. IDX information being provided is for the consumer's personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,020$346,571
2020$7,841$343,017
2019$6,995$336,292
2018$6,787$329,699
2017$6,787$323,235

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4319457
5
/10

  • Manor Elementary School

  • 150 Oak Manor Dr

  • 0.45 miles

  • Public District Grades KG-5

school-card-donut-4319458
7
/10

  • Ross Valley Charter

  • 102 Marinda Dr

  • 0.87 miles

  • Public Charter Grades KG-5

school-card-donut-4319459
7
/10

  • Brookside Elementary School

  • 116 Butterfield Rd

  • 1.53 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $71,875. Typical income of Fairfax, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Marin County›Fairfax›94930›329 Olema Rd

This home is located at 329 Olema Rd in Fairfax, CA and zip code 94930. This 8,568 square foot home, which was built in 1964, sits on a 0.78 acre lot. It has been listed on Rocket Homes since October 30, 2024 and is currently priced at $2,500,000.

While more than 1 listings in Fairfax, CA in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 2 were sold below. The number of listings in Fairfax, CA decreased by 12.5% between October 2024 and November 2024.

From Rocket Homes Real Estate and based on county public records data.

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