226 Bayview Street, San Rafael, CA 94901, San Rafael, 94901 - 2 bed, 2 bath
ACTIVE$879,000$1,569/sqft
Est. Value: $791,521
-9%
AboveEstimate
226 Bayview Street, San Rafael, CA 94901
2Beds
2Baths
1,569Sqft
8,999Lot
Price Vs. Estimate
The estimated value ($791,521.29) is $87,478.71 (9%) lower than the list price ($879,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8999, living area = 1569.
Top Cons:
Extensive Renovation/Rebuild Required: The property is explicitly marketed as a 'project' from 1900, indicating that significant investment and effort will be needed to modernize, update systems, and potentially fire-harden the structure, or even to rebuild entirely.
Compared to the nearby listings
Price:$879.0K vs avg $1.39M ($-508,000)16%
Size:1,569 sqft vs avg 2,066 sqft23%
Price/sqft:$560 vs avg $73927%
More Insights
Built in 1900 (126 years old).
Condition: The property, built in 1900, is explicitly marketed as a 'project' to 'design and build a beautiful home OR duplex,' indicating the existing structure is not intended for traditional renovation. Images reveal a gutted interior with exposed studs, removed lath and plaster, severely damaged ceilings, and bare subfloors. The kitchen and bathrooms are completely non-functional, with old, damaged fixtures and exposed structural elements. The property is unlivable in its current state, and its value is clearly based on the land and redevelopment potential, aligning with the 'tear-down' criteria.
Year Built
1900
Close
-
List price
$879K
Original List price
-
Price/Sqft
$560
HOA
$0
Days on market
-
Sold On
-
MLS number
325085399
Home ConditionTear down
Features
Patio
View-
About this home
Unbelievable price pivot! Offers will be looked at anytime after 12/1. Please do due diligence with City before submitting offer. This is your chance to design and build a beautiful home OR duplex in historical Gerstle Park! Do you dream of living in a home in a charming neighborhood, on a street with other beautiful homes with large front porches, tree canopies lining the street in a historical neighborhood close to downtown San Rafael? A neighborhood so beautiful that TV and film crews use the neighborhood and homes to film? A neighborhood where people stroll around all day and wave high to their neighbors? Where an event like Porchfest brings people from all over the Bay Area to listen to music on your neighbor's porches? But you also want a home with modern conveniences, updated systems, fire-hardened, and perhaps an ADU for visiting parents? 226 Bayview is the project you've been looking for. It can be the home of your dreams, in the neighborhood you love with the upgrades to last a lifetime.
J
Jenn Pfeiffer
Listing Agent
Nearby schools
7/10
Laurel Dell Elementary School
Public,•K-5•0.5mi
8/10
Sun Valley Elementary School
Public,•K-5•1.5mi
5/10
James B. Davidson Middle School
Public,•6-8•0.4mi
9/10
Ross Elementary School
Public,•K-8•1.3mi
5/10
San Rafael High School
Public,•9-12•1.2mi
8/10
Redwood High School
Public,•9-12•2.1mi
6/10
Terra Linda High School
Public,•9-12•2.3mi
Condition Rating
Tear down
The property, built in 1900, is explicitly marketed as a 'project' to 'design and build a beautiful home OR duplex,' indicating the existing structure is not intended for traditional renovation. Images reveal a gutted interior with exposed studs, removed lath and plaster, severely damaged ceilings, and bare subfloors. The kitchen and bathrooms are completely non-functional, with old, damaged fixtures and exposed structural elements. The property is unlivable in its current state, and its value is clearly based on the land and redevelopment potential, aligning with the 'tear-down' criteria.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8999, living area = 1569.
Great Schools: Middle School: Ross Elementary School (9/10).
Exceptional Neighborhood Appeal: Located in historical Gerstle Park, known for its charm, beautiful homes, tree-lined streets, strong community events (Porchfest), and even as a filming location, offering a highly desirable lifestyle.
Significant Development Potential: The property offers a unique opportunity to 'design and build a beautiful home OR duplex,' with potential for an ADU, providing flexibility for future use and value creation.
Generous Lot Size: An 8999 sqft lot provides ample space to realize the development potential, whether for a larger single-family home, a duplex, or an accessory dwelling unit.
Proximity to Downtown San Rafael: The neighborhood's closeness to downtown San Rafael enhances convenience, access to amenities, and overall desirability.
Access to Highly-Rated Schools: The property is situated within reach of several well-regarded public schools, including Redwood High (8), Sun Valley Elementary (8), and Ross Elementary (9), which is attractive to families.
Cons
Extensive Renovation/Rebuild Required: The property is explicitly marketed as a 'project' from 1900, indicating that significant investment and effort will be needed to modernize, update systems, and potentially fire-harden the structure, or even to rebuild entirely.
Mandatory City Due Diligence: The listing's directive to 'do due diligence with City before submitting offer' highlights potential complexities, restrictions, or unknown factors related to permits, zoning, or development, which could add time, cost, and uncertainty to the project.
Unspecified Current Condition: While implied as a project, the description lacks specific details about the current structural integrity, systems, or habitability of the existing 1900-built home, leaving potential buyers with unknowns regarding the scope of work required.