2
Beds
2
+
1 Half
Baths
1,318
Sq. Ft.
0.1377
Acre Lot
Fully Approved and open building permit construction site. Fully Assumable 3.5% FHA Rehabilitation Loan (zero down payment required). Loan has Private Mortgage Insurance that drops every 12 months. Effective rate for the next 20 years is between 4.8% - 4.25%. Buyer need only qualify for the existing loan balance (approximately $800,000), then pay/invest cash with a builder to finish the 2 bd/2.5 approved house. As Alternative, a 1 bd/1.5 is also approved and can be closed in faster. Take the reigns with your builder and finish a home that is worth ~ $1,200,000. Enjoy views of morning sun hitting the valley of Fairfax. A sunlit terraced yard and inviting patio are immediately adjacent to the house. Imagine the storage shed area being a great location for an accessory dwelling unit and garage. At the street there is ample parking which can easily accommodate up to five vehicles. This location is still very close to the center of downtown Fairfax. Just a little further up, the hill are a plethora of hiking trails, mountain biking single track, and Marin County's hallmark open spaces. Enjoy the famous friendly vibe & outdoors of Fairfax. Finish out the interior to your liking. Much of the infrastructure to complete the house is already in place. An opportunity rarely found.
324025005
Residential - Single Family, 2 Story
2
2 Full/1 Half
1934
Marin
0.1377
Acres
Public
2
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
Walk Score
Transit Score
Bike Score
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Courtesy: Stefan Schermerhorn, Holmes Burrell Real Estate
Agent License: 01880641
Office License: 01935507
Office Phone: 4154469444
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