138 Miramar Avenue, San Rafael, CA 94901, San Rafael, 94901 - 3 bed, 3 bath
138 Miramar Avenue
San Rafael, CA 94901
Property Price
SUMMARY
Analysis of 138 Miramar Avenue, San Rafael, CA 94901 reveals a Prime Investment Opportunity with a current list price of $1,195,000—significantly undercutting the $1,236,440 Fair Market Value by 3%. This valuation gap indicates a +$41,440 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 138 Miramar Avenue Subject | $1,195,000* List Price | 3 | 3 | 1,629 | $759 | - |
A 509 C Street Sold | $1,489,000 | 3 | 3 | 1,754 | $849 | 0.3 mi |
B 2 Alvina Avenue Sold | $1,250,000 | 3 | 3 | 1,958 | $638 | 0.6 mi |
C 104 F Street Sold | $1,300,000 | 3 | 4 | 2,153 | $604 | 0.2 mi |
D 231 Center Street Active | $1,295,000 List Price | 3 | 3 | 1,668 | $776 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
This 1907-built home is exceptionally well-maintained and move-in ready, offering a blend of historic charm and functional updates. The kitchen features a classic Wedgewood stove and ample storage, while the inclusion of multiple en suite bathrooms and a lower-level kitchenette indicates significant modernization over the years. Although it retains vintage character rather than a full contemporary renovation, the property shows no signs of deferred maintenance and provides high-quality living spaces with expansive views and manicured grounds.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Ross Elementary School (9/10).
- Panoramic Bay Views & Lush Gardens
The property features expansive water views of the bay and a meticulously landscaped garden with nine mature fruit trees and vibrant floral walkways, creating a private outdoor oasis.
- Flexible Living Configuration
A lower-level suite with a kitchenette and separate entrance, along with a detached bonus building, offers excellent potential for multi-generational living, guests, or a dedicated home office.
CONSRISKS & DEFICIENCIES
- Limited Parking
The property includes only a detached one-car garage, which may be a constraint for modern households with multiple vehicles or for hosting guests.
- Century-Old Infrastructure
Given its 1907 construction, the home may require specialized maintenance or significant capital investment to update aging systems to contemporary standards.
About 138 Miramar Avenue
Welcome to 138 Miramar Avenue, nestled in the hills of San Rafael, in the graceful hamlet of Gerstle Park, you will find this one-of-a-kind oasis that you have been dreaming of. Opening the gate of this very private and enchanting property, this home will speak to your soul. You will be immediately drawn to the stunning and expansive water views of the bay as well as the lovingly cared for trees and flowers that surround the house and property. The home has a large deck on the main floor for outdoor living and entertaining as well as two tiled porches. There are nine mature fruit trees including fig, lemon, orange, tangerine, pear, plum and three apple trees. There are two raised beds ready for Spring planting as well as Wisteria, Jasmine Hydrangeas, Geraniums and Bougainvillea flowers. Spring begins with the scent of Orange blossoms followed by Jasmine and then comes the Wisteria. You will enjoy meandering through the walkways and gardens savoring the sights and smells of the lovely gardens. The house itself is absolutely charming. It has an open floor plan with a light filled living and dining area facing the beautiful outdoor space. There is a large sunny kitchen with plenty of storage and a Wedgewood stove, a guest room and bathroom on the main floor. Off of the kitchen is a laundry room leading to a private outdoor tiled patio. The top floor has the primary bedroom and en suite bathroom with sweeping bay views even from the bathroom. What an inspiring way to wake up each morning! The bottom floor has a very large bedroom with an en suite bathroom, kitchette with eating area and entrance to the lovely brick patio. It is also accessible from the inside of the home. There is a detached one car garage with storage room underneath. Quaint extra building...yoga, crafts, storage...your choice!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1907
- Lot Size
- 4,901 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Rafael Unified Schools
Laurel Dell Elementary School
Grades K-5 • 0.8 mi
Sun Valley Elementary School
Grades K-5 • 1.2 mi
James B. Davidson Middle School
Grades 6-8 • 0.7 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,629 | 2,054 | 28% |
| Lot Size | 4,901 | 8,050 | 15% |
| Price | $1.20M | $1.43M | 30% |
| Price per sq ft | $734 | $738 | 50% |
| Built year | 1907 | 1956 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 178 | 3% |
Pricing History
Listed for Sale
Feb 11, 2026
$1,195,000
Initial Listing
Sold
Aug 25, 2016
$3,500
Public Record
Sold
Jun 24, 1997
$329,000
Public Record