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87 Forbes Avenue

87 Forbes Avenue, San Rafael, CA 94901
House in Fairhills
Sold Jun 17, 2021
$2,600,000
$1,500,000 by Guaranteed Rate Inc
Mortgage Due Jul 01, 2051
Local assessors in San Rafael, CA have categorized 87 Forbes Avenue as a residential type of property. The home was built in 1929 and is 95 years old. It was most recently renovated and altered in 1947. The property's lot size has been calculated to be 10,064 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a contemporary style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 4 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 87 Forbes Avenue has a total of 3,966 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 437 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 87 Forbes Avenue sold most recently in Jun 14, 2021 for a total of $2,600,000. If you work out the math, that's approximately a cost of $655.57 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $33,120 in taxes each year. 87 Forbes Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,715,838. If we break it down further, the land itself was valued at $1,659,438. Improvements to the property, however, were assessed at a total of $1,056,400. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Stucco Exterior
Wood Siding

Driveway

Driveway

Parking

Detached Garage
Guest Parking
Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Quality: B
  • Building Style: Contemporary
  • Living Units: 1
  • Basement Type: Unspecified basement
  • Basement Area: 480
  • Garage Type: Garage
  • Garage Square Area: 437
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,064
  • Total Building Area: 3,966
  • Gross Building Area: 3,966
  • Building Area: 3,966
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,966
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FORBES RESERVE MAP 01
  • Land Acres: 0.231
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 24

Ownership

  • Current Owner : RIVERA LUIS
  • Current Owner 2: RIVERA JOCELYN J
  • Previous Owner : HOIMES SUSAN C
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: San Rafael City Elementary School District
  • Census Tract: 109002

Geography

  • Parcel: 011-151-38
  • Lot: 24
  • Municipality: SAN RAFAEL
  • Latitude: 37.9779
  • Longitude: -122.537

    Address

  • Full Address: 87 Forbes Ave
  • Address - House Number: 87
  • Address - Street Name: Forbes
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: San Rafael
  • Carrier Code: C125
  • 4-Digit Zip Code: 1740
  • Zip Code: 94901

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $33,120
  • Tax Rate Code Area: 8-000

    Appraisal Valuation

  • Standard Deviation: 0.275
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 60
  • Final Value: 2,770,517
  • High Value: 3,532,450
  • Low Value: 2,008,584

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,163,500
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Jun 17, 2021
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051
  • Second Open Lien Mortgage Lender: COMERICA BANK
  • Second Open Lien Mortgage Recording Date: Aug 11, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $663,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Aug 08, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,715,838
  • Assessed Land Value: $1,659,438
  • Assessed Improvements Value: $1,056,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 14, 2021
  • Current Sale Recording Date: Jun 17, 2021
  • Current Sale Transaction ID: 11841096107
  • Current Sale Price: $2,600,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 2021-0040119

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: Jun 17, 2021
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

About Fairhills



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830 Fifth Ave #828 Fifth Ave, San Rafael, CA, 94901 Listing by Manager

Frequently Asked Questions

What neighborhood is 87 Forbes Avenue located in?
The 87 Forbes Avenue is a house located in the neighborhood of Fairhills in Fairhills, San Rafael.
What is the average sales price for listings in 87 Forbes Avenue?
The average sales price for units in 87 Forbes Avenue is $0 currently.

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