89 Monte Mar Drive, Sausalito, CA 94965, Sausalito, 94965 - 2 bed, 2 bath

89 Monte Mar Drive, Sausalito, CA 94965 home-pic-0
ACTIVE UNDER CONTRACT$1,295,000$1,489/sqft
Est. Value: $1,415,372
9%
BelowEstimate
89 Monte Mar Drive, Sausalito, CA 94965
2Beds
2Baths
1,489Sqft
10,463Lot

Price Vs. Estimate

The estimated value ($1,415,371.635) is $120,371.635 (9%) higher than the list price ($1,295,000). This property may be underpriced.

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 = 10463, living area = 1489.
Top Cons:
Extensive Renovation Required: Explicitly marketed as a 'fixer house,' indicating that significant time, effort, and financial investment will be necessary to modernize and customize the property.

Compared to the nearby listings

Price:$1.29M vs avg $2.21M ($-917,500)25%
Size:1,489 sqft vs avg 2,320 sqft21%
Price/sqft:$870 vs avg $91439%

More Insights

Built in 1949 (77 years old).
Condition: Built in 1949, the property is explicitly marketed as a 'fixer house' requiring 'extensive renovation.' The kitchen features very outdated cabinets, countertops, and appliances (likely 30-50+ years old). While one bathroom shows a slightly more recent update, the main bathroom with its dated tile and fluorescent lighting is also significantly past its prime. Hardwood floors are worn and need refinishing, and exterior decks show significant wear. Major systems (electrical, plumbing, HVAC, windows) are likely original or very old, requiring substantial upgrades to meet modern standards, aligning with the 'Poor' condition criteria for properties needing substantial repairs and rehabilitation.
Year Built
1949
Close
-
List price
$1.29M
Original List price
-
Price/Sqft
$870
HOA
$0
Days on market
-
Sold On
-
MLS number
325101793
Home ConditionPoor
Features
Excellent View:
Deck
View-

About this home

Endless Potential in an Unbeatable Setting. Nestled in a breathtaking natural landscape, this charming property offers the rare opportunity to create your dream home in one of the most picturesque settings imaginable. Perched to capture sweeping panoramic views of Angel Island and the San Francisco Bay, it truly is a scene of tranquility and beauty. The home itself is brimming with character and awaits your vision and creativity. This is the opportunity to design your dream home, a home that reflects your vision and your way of life. Whether you're looking to restore its vintage charm or reimagine it with modern flair, the potential is limitless. This is more than a fixer house - it's the perfect canvas for renovation and transformation.

B
Bruce Wilmott
Listing Agent
Condition Rating
Poor

Built in 1949, the property is explicitly marketed as a 'fixer house' requiring 'extensive renovation.' The kitchen features very outdated cabinets, countertops, and appliances (likely 30-50+ years old). While one bathroom shows a slightly more recent update, the main bathroom with its dated tile and fluorescent lighting is also significantly past its prime. Hardwood floors are worn and need refinishing, and exterior decks show significant wear. Major systems (electrical, plumbing, HVAC, windows) are likely original or very old, requiring substantial upgrades to meet modern standards, aligning with the 'Poor' condition criteria for properties needing substantial repairs and rehabilitation.
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 = 10463, living area = 1489.
Panoramic Views: The property boasts sweeping panoramic views of Angel Island and the San Francisco Bay, offering a truly breathtaking and highly desirable visual amenity.
Prime Sausalito Location: Nestled in an 'unbeatable setting' in Sausalito, a highly sought-after and picturesque city known for its scenic beauty and affluent community.
Exceptional Renovation Potential: Described as a 'perfect canvas for renovation and transformation,' offering limitless potential for a buyer to design and create their dream home.
Natural Landscape & Tranquility: Situated within a 'breathtaking natural landscape,' providing a serene and tranquil living environment away from the urban bustle.
Generous Lot Size: With a lot size of 10,463 sqft, the property offers ample space for potential expansion, extensive landscaping, or outdoor living areas, complementing the views.

Cons

Extensive Renovation Required: Explicitly marketed as a 'fixer house,' indicating that significant time, effort, and financial investment will be necessary to modernize and customize the property.
Age and Potential for Outdated Systems: Built in 1949, the home likely features original or older systems (electrical, plumbing, HVAC) that may require substantial upgrades or replacement to meet current standards and preferences.
Uncertainty of Renovation Scope and Cost: As a property requiring extensive renovation, the full scope of necessary repairs, potential structural issues, or unforeseen costs may not be immediately apparent, posing a financial risk to the buyer.
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