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834 Meadowsweet Drive, Corte Madera, CA 94925, Corte Madera, 94925 - 3 bed, 3 bath

834 Meadowsweet Drive, Corte Madera, CA 94925 home-pic-0
ACTIVE$1,190,000$1,800/sqft
834 Meadowsweet Drive, Corte Madera, CA 94925
3Beds
3Baths
1,800Sqft
9,252Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9252, living area = 1800.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9252, other record lot size in square feet = 9009.

Compared to the nearby listings

Price:$1.19M vs avg $2.00M ($-807,500)8%
Size:1,800 sqft vs avg 1,829.5 sqft42%
Price/sqft:$661 vs avg $1.1K12%

More Insights

Condition: The property is well-maintained and clean, as described, with fresh paint and functional components. However, the kitchens feature dated tile countertops and older wood cabinets, and the bathrooms have basic, older-style vanities and tile surrounds. Heating is provided by wall-mounted units, not a modern central HVAC system. While move-in ready, these key areas show signs of being outdated and would benefit from minor updates to meet current aesthetic and efficiency standards, aligning with a 'Fair' condition.
Year Built
Close
-
List price
$1.19M
Original List price
-
Price/Sqft
$661
HOA
$0
Days on market
-
Sold On
-
MLS number
325097807
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Charming 3-Unit Triplex in Southern Marin County - Prime Investment Opportunity! Welcome to 834 Meadowsweet, a well-maintained and income-generating triplex nestled in the heart of the highly-sought-after Town of Corte Madera. This property offers a rare opportunity for both investors and homeowners looking to earn rental income while enjoying the beauty and convenience of Marin County living. Property Features: 3 Separate Units: Each unit offers its own private space, with distinct layouts that cater to various tenant needs. Well-Maintained: Featuring clean, bright interiors and thoughtful updates throughout. This triplex is move-in ready for tenants and provides minimal upkeep for the new owner. Ample Parking: The property includes designated parking spaces for each unit. Spacious Layouts: Offering a mix of three 1-bedroom units, one is two-level cottage, ideal for a range of tenants. Investment Highlights: Strong Rental Income: Located in one of the most desirable areas of Corte Madera, just minutes from top-rated schools, shopping, dining, and easy access to major freeways and public transit. This property offers strong and stable rental demand. Prime Location: Corte Madera is known for its picturesque surroundings, excellent schools, and easy access to both San Francisco and Marin's natural beauty. Whether you're enjoying a day at the local Marin retail shops & restaurants, or exploring nearby parks, this location is ideal for tenants seeking a peaceful yet connected place to live. Future Potential: With its zoning and spacious lot, the property offers potential for value-add opportunities and future growth. Perfect for Investors & Owner-Occupiers: Whether you're looking to expand your real estate portfolio or live in one unit while collecting rent from the others, this triplex is a fantastic opportunity in one of the most desirable markets in the Bay Area. This Southern Marin property is just minutes to Corte Madera Town Center, to the Village Shopping Center, to Marin Country Mart, and to the Larkspur Landing Ferry. Don't miss out on this incredible chance to own a piece of Corte Madera. Schedule a tour today and discover all the potential this property has to offer!

S
Scott Darnell
Listing Agent
Condition Rating
Fair
The property is well-maintained and clean, as described, with fresh paint and functional components. However, the kitchens feature dated tile countertops and older wood cabinets, and the bathrooms have basic, older-style vanities and tile surrounds. Heating is provided by wall-mounted units, not a modern central HVAC system. While move-in ready, these key areas show signs of being outdated and would benefit from minor updates to meet current aesthetic and efficiency standards, aligning with a 'Fair' condition.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9252, living area = 1800.
Prime Investment Opportunity: This triplex offers a rare opportunity for both investors and owner-occupiers to generate strong rental income in a highly desirable market, with potential for future value-add and growth.
Highly Desirable Location: Situated in the sought-after Town of Corte Madera, the property boasts excellent access to top-rated schools, shopping, dining, major freeways, public transit, and Marin's natural beauty.
Income-Generating Triplex: The property features three separate units, providing immediate income generation and the flexibility for an owner-occupier to live in one unit while collecting rent from the others.
Well-Maintained Condition: Described as well-maintained with clean, bright interiors and thoughtful updates, the property is move-in ready for tenants, suggesting minimal immediate upkeep for the new owner.
Ample Parking: The property includes designated parking spaces for each unit, a valuable amenity that enhances tenant convenience and appeal in the area.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9252, other record lot size in square feet = 9009.
Limited Unit Configuration: The property primarily offers 1-bedroom units (with one two-level cottage), which may limit the tenant pool to singles or couples and could restrict potential rental income growth compared to properties with a more diverse unit mix.
Absence of Specific Capital Improvement Details: While described as 'well-maintained' and having 'thoughtful updates,' the listing lacks specific information on the age or condition of major systems (e.g., roof, plumbing, electrical, HVAC), which could imply unforeseen capital expenditures for a new owner.
High Entry Price Point: Located in a premium Marin County market, the property's list price of $1.19 million represents a substantial investment, potentially leading to a lower capitalization rate compared to properties in less expensive markets, which might not suit all investor strategies.
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