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

120 Canal Street, San Rafael, CA 94901 home-pic-0

120 Canal Street

San Rafael, CA 94901

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,590Sq Ft
6,599Lot Size

Property Price

LIST PRICE$1,695,000
EST. MARKET VALUE
$1,557,898
8% AboveMARKET VALUE

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

$1,557,898
Based on Realkey algorithm analyzing recent comparable sales in San Rafael.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
62%
Baths3.03.0
50%
Square foot2,5902,078
71%
Lot Size6,5998,050
35%
Price$1.70M$1.45M
70%
Price per sq ft$654$738
38%
Built year19611956
61%
HOA$0$0
50%
Days on market158178
38%

Pricing History

Listed for Sale

Sep 30, 2025

$1,695,000

Initial Listing

Sold

Jan 15, 1998

$375,000

Public Record

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