280 Prospect Drive, San Rafael, CA 94901, San Rafael, 94901 - 3 bed, 2 bath
280 Prospect Drive
San Rafael, CA 94901
Property Price
SUMMARY
Analysis of 280 Prospect Drive, San Rafael, CA 94901 reveals a Prime Investment Opportunity with a current list price of $1,150,000—significantly undercutting the $1,207,313 Fair Market Value by 4%. This valuation gap indicates a +$57,313 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 |
|---|---|---|---|---|---|---|
★ 280 Prospect Drive Subject | $479,000 | 3 | 2 | 1,554 | $777 | - |
A 1314 Grand Avenue Sold | $1,090,000 | 3 | 2 | 1,577 | $691 | 0.8 mi |
B 40 Hacienda Court Sold | $1,275,000 | 4 | 3 | 1,527 | $835 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Despite being built in 1926, this property has undergone significant and high-quality renovations, including modern kitchens with quartz counters and stainless steel appliances, remodeled bathrooms with contemporary finishes, new flooring throughout, a new roof, and foundation work. The interior is move-in ready and aesthetically pleasing. While major systems like the roof and foundation have been addressed, the property's age (1926) and the noted lack of central air conditioning suggest that some underlying systems may still be older, preventing an 'Excellent' rating. However, the extensive updates make it a solid 'Good' condition property.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 12166, living area = 1554.
- Income Potential / Multi-Generational Living
The property features a separate 1-bedroom, 1-bath unit with its own private entrance, modern kitchen, and laundry, offering excellent rental income opportunities or flexible multi-generational living.
- Recent Major Upgrades
Peace of mind is provided by a new roof and recent foundation work completed by Groundworks, addressing significant structural components of the property.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Age of Property
Built in 1926, while some major updates have been done, the property's age may imply older systems (e.g., plumbing, electrical) that could require future maintenance or upgrades beyond the roof and foundation.
- Lack of Central Air Conditioning
The property description does not mention a cooling system, which could be a significant drawback for comfort during warmer months in San Rafael.
About 280 Prospect Drive
A private driveway framed by mature shade trees and terraced garden spaces leads to generous parking for 5+ cars. This charming property offers endless possibilities; a 3-bedroom, 2-bath home features a relaxing front patio with space for gardening. The modern kitchen with quartz counters and stainless appliances leads into the living space flooded with natural light and charm. Step through the patio door to a sunny private deck. There are two comfortable bedrooms and a remodeled bath on the main level. Below, with its own private entrance, a separate 1-bedroom, 1-bath unit complete with a modern kitchen with an inviting dining/living area and separate washer/dryer. This property offers excellent rental or multi-generational living opportunities. A rare property with flexibility, privacy, convenience and peace of mind with a new roof and foundation work by Groundworks. Located in North Central San Rafael--just minutes away from Hwy 101, downtown, shopping, dining and transit.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 12,166 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,554 | 2,054 | 21% |
| Lot Size | 12,166 | 8,120 | 76% |
| Price | $1.15M | $1.43M | 29% |
| Price per sq ft | $740 | $740 | 50% |
| Built year | 1926 | 1956 | 12% |
| HOA | $0 | $0 | 50% |
| Days on market | 52 | 178 | 10% |
Pricing History
Listed for Sale
Jan 14, 2026
$1,150,000
Initial Listing
Sold
Jul 18, 2013
$479,000
Public Record