120 Canal Street, San Rafael, CA 94901, San Rafael, 94901 - 4 bed, 3 bath

120 Canal Street
San Rafael, CA 94901
Property Price
SUMMARY
Analysis of 120 Canal Street, San Rafael, CA 94901 reveals a property with a current list price of $1,695,000, which is 8% above the estimated $1,557,898 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Rafael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1961 and held by the same family for over 60 years, this custom waterfront home is well-maintained but reflects a dated aesthetic. While it features high-quality architectural elements like vaulted ceilings and stone fireplaces, the kitchen and bathrooms show signs of age and lack modern updates. The property is functional and move-in ready but requires cosmetic modernization and likely system updates to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Waterfront Lifestyle
The property features a private boat slip and a shared deep-water dock on a sheltered cove, offering rare and direct access for boating, kayaking, and paddleboarding.
- Custom Legacy Construction
Built by a prominent Marin builder for his own family, the home boasts high-quality custom details like vaulted ceilings, stone fireplaces, and a thoughtful layout that has been cherished for over 60 years.
- Exceptional Storage and Parking
A rare three-car garage combined with additional bonus storage spaces provides ample room for vehicles, workshop needs, and recreational equipment.
CONSRISKS & DEFICIENCIES
- Dated Aesthetic
Built in 1961 and held by the same family for decades, the interior likely requires significant cosmetic modernization and system updates to meet current luxury standards.
- Environmental Maintenance
The waterfront location on the San Rafael Canal may necessitate higher insurance premiums and specialized maintenance related to marine environments and potential flood zone requirements.
About 120 Canal Street
Discover a lifestyle where every day feels like a vacation in this cherished 4 bedroom, 2.5 bath custom waterfront home. Built for himself by a prominent Marin builder, and remaining in the family for over 60 years, this property offers a rare sense of legacy and history.The home is perfectly situated on a sheltered cove off the San Rafael Canal, complete with a shared deep-water dock and its own private boat slip, also ideal for launching kayaks and stand up paddleboards.A home designed for light and flow, the living room boasts vaulted ceilings and a classic stone fireplace, while a comfortable family room off the kitchen features a second fireplace, dining area, and a built-in wet bar. Both primary gathering spaces open via sliders to a generous, sun-drenched patio-a tranquil and expansive setting for relaxing or entertaining with views of the water.The property is just down the street from Pickleweed Park, with a sports field, picnic area, and playground, and minutes from Highway 101. A large three-car garage plus bonus storage spaces provide ample room for everything.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 6,599 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 62% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,590 | 2,078 | 71% |
| Lot Size | 6,599 | 8,050 | 35% |
| Price | $1.70M | $1.45M | 70% |
| Price per sq ft | $654 | $738 | 38% |
| Built year | 1961 | 1956 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 158 | 178 | 38% |
Pricing History
Listed for Sale
Sep 30, 2025
$1,695,000
Initial Listing
Sold
Jan 15, 1998
$375,000
Public Record








































