516 Olive St Sausalito, CA 94965
Sausalito NeighborhoodHighlights
- Bay View
- Security System Owned
- Central Heating
- Tamalpais High School Rated A
- Landscaped
- 3 Car Garage
About This Home
As of August 2024Welcome to a unique multi-unit opportunity in Sausalito. The main residence is 516 Olive, designed by John Carden Campbell of Campbell & Wong Architects in 1972. It has been thoughtfully updated, there are 2 BRs, 2 BAs, office area w/laundry + 2-car garage. Primary suite opens to a courtyard & garden. Upper level is a spectacular open concept with 12-ft ceilings & huge windows w/views of Richardson Bay & Angel Island, beautiful built-ins, designer kitchen, front deck & rear patio for seamless indoor-outdoor living. With a blend of history & modern amenities, all the units interiors were extensively remodeled from 2012-2023, along with exterior landscaping, gardens & driveways. Adjacent is 518 Olive, an old fishing cottage that has been transformed into a chic 2-BD, 1-BA w/1-car garage. It features a remodeled kitchen, upgraded bath, new deck, fenced yard, high ceilings, wood-burning stove and bay views. 516A Olive is a legal ADU converted from an art studio w/full kitchen, full bath, laundry & private patio, a hip inspirational space. Ideally located with quick access to freeways & town to enjoy the Sausalito lifestyle. Whether seeking a multifamily compound or a primary residence with supplemental rental income, this opportunity offers timeless appeal.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $26,770
Year Built
- 1912
Lot Details
- 6,098 Sq Ft Lot
- Landscaped
- Sprinkler System
Parking
- 3 Car Garage
- 2 Open Parking Spaces
Property Views
- Bay
- City Lights
Home Design
- 3,423 Sq Ft Home
- Side-by-Side
- Concrete Foundation
- Shingle Roof
- Wood Roof
- Bitumen Roof
- Wood Siding
- Shingle Siding
Laundry
- Laundry in unit
Utilities
- No Cooling
- Central Heating
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 064-131-06
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2024 08/08/24 | Sold | $3,250,000 | 0.0% | $949 / Sq Ft |
| 08/08/2024 08/08/24 | Sold | $3,250,000 | -7.1% | $949 / Sq Ft |
| 07/25/2024 07/25/24 | Pending | -- | -- | -- |
| 07/25/2024 07/25/24 | Pending | -- | -- | -- |
| 07/08/2024 07/08/24 | For Sale | $3,500,000 | 0.0% | $1,022 / Sq Ft |
| 07/08/2024 07/08/24 | For Sale | $3,500,000 | -- | $1,022 / Sq Ft |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $26,770 | $2,009,781 | $1,164,986 | $844,795 |
| 2023 | $25,921 | $1,970,376 | $1,142,145 | $828,231 |
| 2022 | $24,985 | $1,931,753 | $1,119,757 | $811,996 |
| 2021 | $24,740 | $1,893,880 | $1,097,803 | $796,077 |
| 2020 | $24,229 | $1,874,468 | $1,086,551 | $787,917 |
| 2019 | $23,513 | $1,837,726 | $1,065,253 | $772,473 |
| 2018 | $22,955 | $1,801,701 | $1,044,371 | $757,330 |
| 2017 | $21,786 | $1,766,374 | $1,023,893 | $742,481 |
| 2016 | $20,832 | $1,731,746 | $1,003,821 | $727,925 |
| 2015 | $20,886 | $1,705,743 | $988,748 | $716,995 |
| 2014 | $20,211 | $1,672,332 | $969,381 | $702,951 |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $500,000 | New Conventional | |
| Previous Owner | $500,000 | New Conventional | |
| Previous Owner | $533,852 | New Conventional | |
| Previous Owner | $544,185 | Reverse Mortgage Home Equity Conversion Mortgage | |
| Previous Owner | $100,000 | Credit Line Revolving |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,250,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $1,615,000 | Stewart Title Of California | |
| Interfamily Deed Transfer | -- | -- |
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 324053374
APN: 064-131-06
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.
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