988 Meadowsweet Dr

Corte Madera 94925 · APN 033-011-50 · Corte Madera

Property brief (PDF)Timeline ↓Calculator ↓Official records ↓

We don't have building permits for Corte Madera, so permit history and nearby activity are incomplete here. Building permits cover unincorporated Marin only; Marin's 11 cities don't publish theirs. New housing in every city comes from the state's Housing Element reports. Parcel, assessor, and record links still apply.

What's changing nearby

Since — within ½ mile: 2 homes completed, 1 permitted.

3 projects with a record in this window, grouped by us from permits and State housing reports. Units are as proposed on each project's latest record and counted at its current stage.

No permit activity recorded within ½ mile.

Explore projects on the map →Explore sales & prices →

Estimated price, listing status & sales records

Benchmark valuation & transaction history

Estimated PriceArea benchmark

$1,941,000

Benchmark range: $1,650,000 – $2,232,000

Listing StatusOff Market

Not currently listed for sale

Compare nearby sales & prices on map →

Last Sold & Tax Roll

No deed price in open GIS feed

Verify on Assessor's property search

How this estimated price is calculated (Area ZHVI + ACS + Permit Benchmark)

Model monthly ownership cost ↓

1. Area home value baseline: ZIP 94925 Zillow Home Value Index ($1,871,927, September 2026); $1,871,927
2. Parcel & lot adjustment (1.04×): Single-family lot (9,540 sq ft, +3.7% lot-size adjustment vs 6,000 sq ft standard lot); +$69,446
3. Documented permitted improvements: No recent value-adding ADU, addition, or remodel permits recorded on this parcel; +$0

Public-records benchmark estimate combining Zillow Home Value Index (Data provided by Zillow), Census ACS 5-year estimates, parcel land-use/lot characteristics, and issued building permits. Not an official appraisal.

What could be built here

A screen, not a determination

ADU or junior ADU

Likely eligible

Zoned R-2 (two-family residential): state law allows ADUs where homes are allowed.
We read R-2 from the zoning code's name; we haven't checked it against Corte Madera's code text.

What we couldn't check (4)

Setbacks, height and size limits in the local ADU ordinance
Utility and sewer capacity, fire access
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

SB 9: two homes on the lot

Can't tell

Zoned R-2 (two-family residential): we can't tell whether it counts as a single-family zone for SB 9.
We read R-2 from the zoning code's name; we haven't checked it against Corte Madera's code text.

What we couldn't check (6)

Whether a tenant lived there in the last 3 years, or the building was withdrawn from rent under the Ellis Act
Rent-controlled or deed-restricted affordable housing on the lot
Wetlands, habitat, farmland, hazardous waste sites and conservation easements
Local SB 9 standards (size, setbacks, parking)
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

SB 9: split into two lots

Can't tell

Zoned R-2 (two-family residential): we can't tell whether it counts as a single-family zone for SB 9.
We read R-2 from the zoning code's name; we haven't checked it against Corte Madera's code text.

What we couldn't check (6)

Owner-occupancy: the applicant must sign an affidavit to live in one of the homes for 3 years
Whether the lot was created by an earlier SB 9 split, or the owner split an adjacent lot
Whether a tenant lived there in the last 3 years, or the building was withdrawn from rent under the Ellis Act
Wetlands, habitat, farmland, hazardous waste sites and conservation easements
Historic district or landmark status: we have no historic layer for this area yet.
Locally adopted fire hazard maps, which can be broader than the State's.

Mapped hazards on this lot

Fire hazard severity zone: Moderate Fire Hazard Severity Zone (Local Responsibility Area), all of the lot · State map of Mar 24, 2025; takes effect when the city or county adopts it
FEMA flood zone: Zone X: minimal flood hazardFIRM panel 06041C0467F, effective March 16, 2016. Official flood map
Earthquake fault zone: Not in an Alquist-Priolo Earthquake Fault Zone

Built nearby: within ¼ mile since October 2023

We don't have building permits for Corte Madera, so we can't show what has been permitted nearby.

Permit counts, by the date issued (or applied, if not yet issued). Lot splits are planning cases, which we don't have.

We read public zoning and hazard maps against state law (ADUs: Gov. Code 66314; SB 9: Gov. Code 65852.21 and 66411.7). Local rules, title, tenancy history and site conditions can change the answer. Check with Corte Madera's planning department before relying on it.

Sources: County of Marin GIS (MarinMap), Zoning (11 cities and unincorporated Marin) (retrieved Oct 31, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the State Responsibility Area (effective 2024-04-01) (retrieved Oct 26, 2026) · CAL FIRE Office of the State Fire Marshal, Fire Hazard Severity Zones in the Local Responsibility Area (map dated 2025-03-24) (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — flood hazard zones (retrieved Oct 26, 2026) · FEMA, National Flood Hazard Layer — FIRM panels (retrieved Oct 26, 2026) · California Geological Survey, Alquist-Priolo Earthquake Fault Zones (retrieved Oct 26, 2026) · Zoning classes: our classification of R-2 as two-family residential, from the code's name only

Property & area intelligence timeline

26 events · 5 slow/stalled projects

Chronological history of building permit applications and issuances, snapshot-dated status changes, State housing entitlements, surrounding development within ½ mile, and area home-value trends.

Slow-moving or stalled projects (5)

Active projects spending 12+ months pre-issuance, 24+ months under construction, or 6+ months without new records

StalledDetached MH ADUIssued
0.48 mi E
Permit issued and active for 4.9 yr (first record Nov 22, 2021), with no completion or new permit record in 4.9 yr. · 1 unit
StalledNew homeEntitled
0.32 mi E
In "Entitled" for 3.5 yr (since May 8, 2023), with no new permit record in 3.5 yr. · 1 unit
StalledNew homeIssued
0.15 mi N
Permit issued and active for 3.5 yr (first record May 16, 2023), with no completion or new permit record in 3.5 yr. · 1 unit
StalledNew homeEntitled
0.27 mi NE
In "Entitled" for 3.1 yr (since Sep 12, 2023), with no new permit record in 3.1 yr. · 1 unit
StalledNew homeEntitled
0.39 mi SE
In "Entitled" for 3.1 yr (since Sep 26, 2023), with no new permit record in 3.1 yr. · 1 unit

20261 event

September 2026Market trend
ZIP 94925
ZIP 94925 typical home value: $1,871,927 (+10.5% year-over-year)
Latest published Zillow Home Value Index (ZHVI) update
Changed from $1,694,369 in September 2025 to $1,871,927 in September 2026.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94925 (not a parcel appraisal)

20254 events

September 2025Market trend
ZIP 94925
ZIP 94925 typical home value: $1,694,369 (−3.3% year-over-year)
Annual ZIP 94925 home-value index checkpoint
Changed from $1,752,400 in September 2024 to $1,694,369 in September 2025.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94925 (not a parcel appraisal)
Sep 25, 2025Nearby project · Finaled / completed
0.49 mi SE
Detached ADU — Finaled / completed
1 unit
Records span Nov 20, 2024 to Sep 25, 2025 (0 permits).
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Aug 15, 2025Nearby project · Finaled / completed
0.39 mi SE
Attached ADU — Finaled / completed
1 unit
Records span Jan 10, 2024 to Aug 15, 2025 (0 permits).
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Apr 29, 2025Nearby project · Issued
0.42 mi SW
Rebuild SFR — Issued
1 unit
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)

20243 events

September 2024Market trend
ZIP 94925
ZIP 94925 typical home value: $1,752,400 (+2.0% year-over-year)
Annual ZIP 94925 home-value index checkpoint
Changed from $1,718,012 in September 2023 to $1,752,400 in September 2024.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94925 (not a parcel appraisal)
Sep 19, 2024Nearby project · Finaled / completed
0.48 mi E
Detached ADU — Finaled / completed
1 unit
Records span Nov 22, 2021 to Sep 19, 2024 (0 permits).
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Jan 10, 2024Nearby project · Finaled / completed
0.27 mi NE
Conversion to SFD — Finaled / completed
1 unit
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)

20237 events

September 2023Market trend
ZIP 94925
ZIP 94925 typical home value: $1,718,012 (−3.9% year-over-year)
Annual ZIP 94925 home-value index checkpoint
Changed from $1,788,112 in September 2022 to $1,718,012 in September 2023.
Source: Zillow Home Value Index (ZHVI) · Data provided by Zillow · Geography: ZIP 94925 (not a parcel appraisal)
Sep 26, 2023Nearby project · Entitled
0.39 mi SE
New home — Entitled
1 unit
⏱ Slow turnaround:In "Entitled" for 3.1 yr (since Sep 26, 2023), with no new permit record in 3.1 yr.
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Sep 12, 2023Nearby project · Entitled
0.27 mi NE
New home — Entitled
1 unit
⏱ Slow turnaround:In "Entitled" for 3.1 yr (since Sep 12, 2023), with no new permit record in 3.1 yr.
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Aug 16, 2023Nearby project · Finaled / completed
0.27 mi N
Detached ADU — Finaled / completed
1 unit
Records span Nov 9, 2021 to Aug 16, 2023 (0 permits).
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
Jun 12, 2023Nearby project · Finaled / completed
0.33 mi W
Detached ADU — Finaled / completed
1 unit
Records span May 2, 2022 to Jun 12, 2023 (0 permits).
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
May 16, 2023Nearby project · Issued
0.15 mi N
New home — Issued
1 unit
⏱ Slow turnaround:Permit issued and active for 3.5 yr (first record May 16, 2023), with no completion or new permit record in 3.5 yr.
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)
May 8, 2023Nearby project · Entitled
0.32 mi E
New home — Entitled
1 unit
⏱ Slow turnaround:In "Entitled" for 3.5 yr (since May 8, 2023), with no new permit record in 3.5 yr.
Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) & HCD APR (grouped project within ½ mile)

Showing 15 of 26 timeline events

Recorded sales & deed transfers: California county recorders do not publish open bulk deed-transfer feeds without owner-PII restrictions, so individual sale deeds are not redistributed here. For official assessment roll and recorded transfer history in Corte Madera, inspect Assessor's property search ↗.

Development graph & closer investigation

6 investigation leads

Cross-referenced intelligence from our historical development graph—connecting parcels, permits, entity-resolved builders, empirical review-time distributions, and neighborhood renovation trends.

Explore full Corte Madera development graph →

Developments deserving closer investigation (6)

On this parcel & within ½ mile

New homeIssuedNo new record in 3.5 yr
0.15 mi N
Active in "Issued" for 3.5 yr (first record May 16, 2023) with no new permit activity recorded in 3.5 yr.
New homeEntitledNo new record in 3.1 yr
0.27 mi NE
Active in "Entitled" for 3.1 yr (first record Sep 12, 2023) with no new permit activity recorded in 3.1 yr.
New homeEntitledNo new record in 3.5 yr
0.32 mi E
Active in "Entitled" for 3.5 yr (first record May 8, 2023) with no new permit activity recorded in 3.5 yr.
New homeEntitledNo new record in 3.1 yr
0.39 mi SE
Active in "Entitled" for 3.1 yr (first record Sep 26, 2023) with no new permit activity recorded in 3.1 yr.
The Enclave (16 Townhomes)Finaled / completed16 units
0.1 mi SE
High-impact scale (16 housing units, 2 deed-restricted affordable across 0 permits).
Rebuild SFRIssuedNo new record in 18 mo
0.42 mi SW
Active in "Issued" for 18 mo (first record Apr 29, 2025) with no new permit activity recorded in 18 mo.

Ownership & rental scenario calculator

Prop 13 tax estimate & area benchmarks

Area rent & home-value benchmarks (kept separate from your assumptions)

Click any benchmark to pre-fill the calculator

HUD Small Area Fair Market Rent · ZIP 94925

HUD FY 2026 · 40th-percentile gross rent

Census ACS 5-year median gross rent (all bedroom counts combined):

ZIP 94925$3,500+

Area home-value benchmarks (not an appraisal)

ZIP & neighborhood medians

Zillow ZHVI · ZIP 94925(as of September 2026)Data provided by Zillow · typical mid-tier home value in ZIP

$1,871,927

ACS Median Home Value · ZIP 94925Census ACS 2020–2024 owner-occupied self-reported median

$1,877,000±$145,000

1. Purchase, financing & Prop 13 tax reassessment

Purchase price ($)Down payment (%)$388,000Interest rate (%)Loan termClosing costs (%)$38,800

Prop 13 post-purchase property tax estimate

$1,897/mo ($22,760/yr · 1.17%)

Under California Proposition 13, the seller's historical assessed value does not carry over to a buyer. On sale, the parcel is reassessed at the purchase price: 1.00% base rate ($19,400/yr) + local voter-approved bond debt ($2,910/yr) + fixed direct levies/Mello-Roos ($450/yr).

Voter bond rate (%)$2,910/yrDirect levies / Mello-Roos ($/yr)Check Assessor's property search ↗

2. Your rent & operating assumptions

Monthly gross rent ($)Your assumptionVacancy allowance (%)−$223/moManagement (%)$338/moMaintenance (%)$223/moCapEx reserve (%)$223/moInsurance ($/mo)$3,300/yrHOA dues ($/mo)Owner utilities ($/mo)

Mapped hazard zone insurance context on this parcel:

Parcel intersects a mapped Moderate Fire Hazard Severity Zone (Local Responsibility Area) (local responsibility area). Properties in High or Very High fire hazard zones may require California FAIR Plan + difference-in-conditions (DIC) coverage; verify actual insurability and quotes early.

3. Scenario results (based on your assumptions)

Net monthly cash flow: −$8,537
Cash-on-cash return: -24.0%
Cap rate (Year 1 NOI): 0.79%
DSCR (NOI / debt): 0.13x
Break-even gross rent: $15,480/mo
Break-even vacancy: 0% (negative at full occ.)

Monthly cash-flow breakdown (Effective gross $4,228 − Operating $2,955 − Debt $9,810)

Gross scheduled rent$4,450

Vacancy allowance (5%)−$223

Effective gross income$4,228

Prop 13 property tax (1.17%)−$1,897

Property insurance−$275

Management (8%), maintenance (5%) & CapEx (5%)−$783

Net Operating Income (NOI)+$1,273

Mortgage principal & interest (1,552,000 loan)−$9,810

Net monthly cash flow−$8,537

4. Sensitivity & rent-stabilization ceiling (Corte Madera)

Scenario	Assumptions	Year 1 Rent	Year 1 Cash Flow	Cash-on-Cash	Break-Even Rent	Year 5 Cash Flow
Conservative	−8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth	$4,094/mo	−$9,048/mo	-25.4%	$16,724/mo	−$9,050/mo
Base (your inputs)	Your entered assumptions, 3.0%/yr rent growth	$4,450/mo	−$8,537/mo	-24.0%	$15,480/mo	−$8,287/mo
Optimistic (cap-limited)	+6% starting rent, 3% vacancy, 4.5%/yr rent growth (capped by AB 1482 ceiling of 8.6%/yr)	$4,717/mo	−$8,244/mo	-23.2%	$15,120/mo	−$7,706/mo

Rental regulatory context (informational only — not legal advice):

California AB 1482 (Tenant Protection Act, Civ. Code § 1947.12) caps annual rent increases at 5% + local CPI (max 10%) on covered properties.

Common statutory exemption signals under AB 1482

Housing issued a certificate of occupancy within the last 15 years (rolling exemption under AB 1482).
Separately alienable single-family homes or condominiums not owned by a corporation, REIT, or LLC with a corporate member (when required statutory notice is in the lease).
Owner-occupied duplexes where the owner occupied one unit from the start of the tenancy.

Development projects on this parcel

New home
Finaled / completed1 unitsFeb 1, 2023 – Feb 1, 2023

We group related permits and State housing reports into projects. That grouping is our inference, not an official record.

Permit history on this parcel

0 records

No building permits are recorded for this parcel since 2016.

Source: County of Marin Community Development Agency, Building Permits (unincorporated Marin) · Geography: parcel (APN) · Retrieved Oct 31, 2026 · Received and issued dates come from the County of Marin. The county publishes no final or expired status, so an issued permit stays 'Issued' after the work is done.

Housing activity reported to the State

Report year	Project / record	Type	Entitled	Permitted	Completed	Deed-restricted
2023	—(BL22-0741)	ADU · Renter	—	1 (Feb 1, 2023)	1 (Apr 3, 2023)	—

Source: California HCD, Housing Element Annual Progress Report — Table A2 · Geography: project (parcel) · Retrieved Oct 26, 2026 · From Corte Madera's Housing Element Annual Progress Reports. A project can appear in several report years as it moves from entitlement to permit to completion.

Zoning & planning

Zoning: R-2 (Corte Madera)

Source: County of Marin GIS (MarinMap), Zoning (11 cities and unincorporated Marin) · Geography: zoning district polygon at parcel point · Retrieved Oct 31, 2026

Parcel facts

Lot size: 9,540 sq ft
Assessor land use: Multiple-Resid. - Improved
Addresses on parcel: 4

Source: County of Marin GIS (MarinMap), Parcels · Geography: parcel · Retrieved Oct 31, 2026

Official records

Assessor's property search
Search by parcel number 033-011-50. Assessed value is not market value.
Property tax bill
Search by parcel number 033-011-50 (Marin County Tax Collector)
County permit lookup
Permits issued in unincorporated Marin in the past 48 months. Each city keeps its own records.
FEMA Flood Map Service Center
The official flood hazard map for this location. Our reading of it is under What could be built here.

This site does not show owner names.

Scenario

Assumptions

Year 1 Rent

Year 1 Cash Flow

Cash-on-Cash

Break-Even Rent

Year 5 Cash Flow

Conservative

−8% starting rent, +3% vacancy, +3% combined maintenance/CapEx, 1.5%/yr rent growth

$4,094/mo

−$9,048/mo

-25.4%

$16,724/mo

−$9,050/mo

Base (your inputs)

Your entered assumptions, 3.0%/yr rent growth

$4,450/mo

−$8,537/mo

-24.0%

$15,480/mo

−$8,287/mo

Optimistic (cap-limited)

+6% starting rent, 3% vacancy, 4.5%/yr rent growth (capped by AB 1482 ceiling of 8.6%/yr)

$4,717/mo

−$8,244/mo

-23.2%

$15,120/mo

−$7,706/mo

Report year

Project / record

Type

Entitled

Permitted

Completed

Deed-restricted

2023

—(BL22-0741)

ADU · Renter

—

1 (Feb 1, 2023)

1 (Apr 3, 2023)

—