
San Rafael, CA 94903
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $985,000—positioned well below the $1,069,471 Fair Market Value by 7%. This valuation gap offers $84,471 in Instant Equity. With a Condition Rating of 4, the home features a new 2025 roof and updated electrical, while the 560-square-foot detached garage and expansive lot provide significant development potential. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through personalization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 140 Mabry Way Subject 4 bd · 2 ba · 1,786 sqft · $599 | $985,000* List Price | 4 | 2 | 1,786 | $599 | - |
A 404 Vendola Drive Sold 3 bd · 2 ba · 1,843 sqft · $548 · 0.1 mi | $1,010,000 | 3 | 2 | 1,843 | $548 | 0.1 mi |
B 640 Galerita Way Sold 3 bd · 2 ba · 1,472 sqft · $543 · 0.4 mi | $800,000 | 3 | 2 | 1,472 | $543 | 0.4 mi |
C 1008 Adrian Way Pending 4 bd · 2 ba · 1,220 sqft · $574 · 0.6 mi | $699,777 List Price | 4 | 2 | 1,220 | $574 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The home features excellent recent major system updates, including a new roof (2025) and an updated electrical panel. However, the kitchen is highly dated with older cabinetry and appliances, and the overall interior aesthetic reflects its older age, indicating a need for cosmetic updates and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8699, living area = 1786.
The detached 560-square-foot garage and expansive level lot offer significant potential for an ADU, studio, or workshop, providing rare flexibility for expansion in Marin.
The property features a new roof and updated electrical panel installed in 2025, offering immediate peace of mind and reducing near-term maintenance costs for the buyer.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1786, other record living area = 1183. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Coming to the market for the first time in 50 years, the home likely requires cosmetic modernization and personalization to meet contemporary aesthetic standards.
The local public schools carry moderate ratings (4-6), which may be a drawback for families specifically seeking the highest-rated academic districts in the county.
A rare opportunity in the Santa Venetia area of San Rafael, 140 Mabry Way comes to market for the first time in more than 50 years. Set on an expansive, level one-fifth-acre parcel, this well-maintained home offers a unique combination of immediate livability and exciting future potential. The main residence features hardwood floors throughout the main level, an oversized 4th bedroom on the second level ideal; ideal for kids or recreational use, a formal dining room, dual-pane windows, spacious fully fence backyard, expansive walk out deck from the kitchen, central heat, updated electrical panel, and a new roof installed in 2024. Updated in 2024, and move-in ready 140 Mabry Way holds ample room for expansion and offers the new owner an opportunity to personalize and reimagine the property over time. At the rear of the parcel sits a detached approximately 560-square-foot garage, an exceptional bonus space with potential for an ADU, workshop, studio, home office, or a combination of uses, subject to applicable approvals. The oversized level lot also provides parking for 10+ vehicles and plentiful room to explore additional outdoor living, gardens, recreation, or future improvements. After more than five decades with the same family, 140 Mabry Way is ready for its next chapter. Conveniently located near Santa Venetia School, the Marin County Civic Center, China Camp State Park, shopping, transportation, and the many amenities of San Rafael, this is a special property offering space, flexibility, and possibilities that are increasingly difficult to find in Marin.
No exterior & parking available.
Grades K-8 • 0.8 mi
Grades 6-8 • 3.2 mi
Grades 9-12 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,786 | 1,989.93 |
| Lot Size | 8,699 | 8,672.456 |
| Price | $985.0K | $1.70M |
| Price per sq ft | $552 | $841 |
| Built year | 1950 | 1959 |
| HOA | $0 | $303 |
| Days on market | 41 | 35 |
Sep 13, 2026
$985,000
Initial Listing