16 Wallace Way, San Rafael, CA 94903, San Rafael, 94903 - 4 bed, 3 bath
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San Rafael, CA 94903
This Renovated Single-Level Residence is a High-Potential Investment Opportunity listed at $1,600,000—positioned well below the $1,663,277 Fair Market Value by 3%. This valuation gap provides $63,277 in Instant Equity for the incoming buyer. Boasting a Turnkey Condition Rating, the home features dual primary suites, a modernized Zline kitchen, and energy-efficient solar panels. Located in the Terra Linda flats near the 9/10 rated Dixie Elementary School, it offers a premium lifestyle with significant financial upside. This is an ideal match for Owner-Occupants or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 Wallace Way Subject | $1,600,000* List Price | 4 | 3 | 2,425 | $686 | - |
A 829 Las Pavadas Avenue Sold | $1,685,000 | 4 | 3 | 2,170 | $776 | 0.5 mi |
B 59 Trellis Drive Sold | $1,300,000 | 4 | 2 | 1,595 | $815 | 0.4 mi |
C 739 Tamarack Drive Sold | $1,605,000 | 3 | 2 | 1,898 | $846 | 0.3 mi |
D 311 Las Flores Avenue Pending | $1,495,000 List Price | 4 | 4 | 2,366 | $632 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1962, this property has undergone an extensive recent renovation that meets modern quality standards. The kitchen is fully modernized with high-end stainless steel appliances, including a Zline range and double wall ovens, paired with shaker cabinetry and stone countertops. The home features updated hardwood flooring, recessed lighting throughout, dual primary suites, and energy-efficient solar panels, presenting in turnkey condition with no visible deferred maintenance.
Elementary School: Dixie Elementary School (9/10).
The rare and versatile floorplan includes two primary suites, with one privately located at the rear of the home, making it ideal for multi-generational living or a secluded guest wing.
The property features a beautifully renovated kitchen with stainless steel appliances and recessed lighting, complemented by roof-mounted solar panels for reduced utility costs.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Built in 1962, the home may have original underlying systems or structural elements that require more frequent maintenance compared to newer constructions.
While the lot is well-utilized with a covered patio and turf, the large single-level footprint and workshop-equipped garage leave a relatively modest amount of open green space.
Welcome to 16 Wallace Way, a spacious single level home located minutes from shops, schools and restaurants in the flats of Terra Linda. This 4 bedroom and 3 bath home has been lovingly maintained and beautifully updated. The renovated kitchen features stainless steel appliances, recessed lighting and a breakfast nook. The floorplan is ideal with 3 bedrooms including the primary suite on one side of the home and a second primary suite in the rear. Beyond the bright living room, there is large dining room with fireplace and french doors that lead to a family room or media room. The backyard features a covered patio, perfect for dining outside and a turf lawn. The home also has a large garage with workshop area as well as solar panels on the roof. This home checks all the boxes and is less than 30 minutes to San Francisco.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 71% |
| Square foot | 2,425 | 1,760 | 88% |
| Lot Size | 7,754 | 7,700 | 50% |
| Price | $1.60M | $1.33M | 71% |
| Price per sq ft | $660 | $765 | 26% |
| Built year | 1962 | 1959 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 188 | 1% |
Apr 13, 2026
$1,600,000
Initial Listing
Jan 5, 2004
$705,000
Public Record