250 Prospect Drive, San Rafael, CA 94901, San Rafael, 94901 - 3 bed, 2 bath

250 Prospect Drive, San Rafael, CA 94901 home-pic-0

250 Prospect Drive

San Rafael, CA 94901

ACTIVE
CONDITION: POOR
3Beds
2Baths
1,267Sq Ft
6,050Lot Size

Property Price

LIST PRICE$949,000
EST. MARKET VALUE
$894,882
6% AboveMARKET VALUE

SUMMARY

Analysis of 250 Prospect Drive, San Rafael, CA 94901 reveals a property with a current list price of $949,000, which is 6% above the estimated $894,882 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$894,882
Based on Realkey algorithm analyzing recent comparable sales in San Rafael.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
250 Prospect Drive
Subject
$949,000*
List Price
321,267$706-
A
231 Center Street
Sold
$1,050,000331,668$6290.9 mi
B
235 Mountain View Avenue
Sold
$995,000211,236$8050.7 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1967 and explicitly described as 'yet-to-be revitalized' and a 'candidate for an investor,' this property requires substantial rehabilitation. The listing indicates the home lacks modern updates, suggesting that the kitchen, bathrooms, and major infrastructure are likely original or significantly outdated, necessitating a full renovation to meet current living standards.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location

    Ideally situated near downtown San Rafael, Highway 101, and the Smart Train, providing excellent accessibility to local amenities, dining, and commuting routes to San Francisco.

  • Significant Equity Potential

    Located in a neighborhood of high-quality renovated homes, this property offers a 'progression' value opportunity for investors or families to build substantial equity through revitalization.

  • Functional Layout and Storage

    The home features a versatile floor plan including a family room, outdoor decks, and a partial basement that provides ample additional storage space.

CONSRISKS & DEFICIENCIES

  • Unimproved Condition

    The property is in a 'yet-to-be revitalized' state, requiring a significant investment of time and capital for modern upgrades and repairs to meet current market standards.

  • Dated Infrastructure

    Built in 1967 and lacking recent updates, the home likely requires modernization of its original systems and finishes to compete with the surrounding renovated properties.

About 250 Prospect Drive

To the north of downtown San Rafael, up the hill, you will find this 3 bed/2 bath home that is characterized by the real estate term: Progression. The definition of that term is the phenomenon of the value of a property being lifted up by dint of being surrounded by fine quality homes. As you drive through the neighborhood, you will see that many of the homes here have undergone a pleasing Marin County style revivification, to the extent that this particular property, due to its yet-to-be revitalized status, is ready to take advantage of its progression. It could be a candidate for an investor or a family wanting to redesign with personal touches; adding value either way. What you will end up with is a fine home near the most important attractions and features of Marin County living: proximity to freeway 101, to the Smart Train, to downtown restaurants and shops, to the quaint small towns that flavor the Marin County lifestyle, to San Francisco, to the miles and miles of pristine open space as you head toward the west beyond Fairfax, and, and, and. The house itself has a fireplace, a garage, living room, family room with decks as well as a partial basement with loads of storage space. You will find the transformation potential here seductive. Come take a look.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1967
Lot Size
6,050 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 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)
Beds3.03.0
50%
Baths2.03.0
49%
Square foot1,2672,054
12%
Lot Size6,0508,050
29%
Price$949.0K$1.43M
13%
Price per sq ft$749$740
51%
Built year19671956
76%
HOA$0$0
50%
Days on market15178
1%

Pricing History

Listed for Sale

Mar 3, 2026

$949,000

$995,000

-5% Price Drop

Initial Listing

Price Change

Feb 20, 2026

$995,000

Initial Listing

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