280 Prospect Drive, San Rafael, CA 94901, San Rafael, 94901 - 3 bed, 2 bath
ACTIVE$1,150,000$1,554/sqft
Est. Value: $1,221,308
6%
BelowEstimate
280 Prospect Drive, San Rafael, CA 94901
3Beds
2Baths
1,554Sqft
12,166Lot
Price Vs. Estimate
The estimated value ($1,221,307.71) is $71,307.71 (6%) higher than the list price ($1,150,000). This property may be underpriced.
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 = 12166, living area = 1554.
Top Cons:
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.
Compared to the nearby listings
Price:$1.15M vs avg $1.39M ($-237,000)35%
Size:1,554 sqft vs avg 2,066 sqft22%
Price/sqft:$740 vs avg $73951%
More Insights
Built in 1926 (100 years old).
Condition: Despite being built in 1926, this property has undergone extensive and recent renovations. The description highlights a 'new roof and foundation work by Groundworks,' indicating significant structural updates. Both the main and lower unit kitchens are described as 'modern' with 'quartz counters and stainless appliances,' which is visually confirmed by the images showing new-looking appliances, white shaker-style cabinets, and contemporary finishes. The main bathroom is 'remodeled' with modern subway tile and vanity. Throughout the living spaces, new LVP/wood-look laminate flooring is present, and light fixtures appear updated. All visible components are virtually new, meeting current quality standards, and the property is move-in ready with no deferred maintenance in the key areas assessed.
Year Built
1926
Close
-
List price
$1.15M
Original List price
-
Price/Sqft
$740
HOA
$0
Days on market
-
Sold On
-
MLS number
326001970
Home ConditionExcellent
Features
Good View:
Deck
Patio
View-
About this home
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.
R
Rose Marshall
Listing Agent
Price History
Date
Event
Price
07/18/13
Sold
$479,000
Condition Rating
Excellent
Despite being built in 1926, this property has undergone extensive and recent renovations. The description highlights a 'new roof and foundation work by Groundworks,' indicating significant structural updates. Both the main and lower unit kitchens are described as 'modern' with 'quartz counters and stainless appliances,' which is visually confirmed by the images showing new-looking appliances, white shaker-style cabinets, and contemporary finishes. The main bathroom is 'remodeled' with modern subway tile and vanity. Throughout the living spaces, new LVP/wood-look laminate flooring is present, and light fixtures appear updated. All visible components are virtually new, meeting current quality standards, and the property is move-in ready with no deferred maintenance in the key areas assessed.
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 = 12166, living area = 1554.
Income Potential / Flexible Living: The property features a separate 1-bedroom, 1-bath unit with its own entrance and kitchen, offering excellent opportunities for rental income or multi-generational living.
Recent Major Upgrades: Peace of mind is provided by a new roof and foundation work completed by Groundworks, addressing significant structural and maintenance concerns.
Modernized Key Areas: Both kitchens are modern with quartz counters and stainless appliances, and a remodeled bath on the main level enhances the property's appeal and functionality.
Generous Parking & Privacy: A private driveway and ample parking for 5+ cars, along with mature shade trees and terraced gardens, offer a sense of privacy and convenience.
Prime Location & Accessibility: Located in North Central San Rafael, the property offers easy access to Hwy 101, downtown amenities, shopping, dining, and public transit.
Cons
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 & Unspecified Systems: Built in 1926, while major structural and roof updates are noted, the condition of other core systems (e.g., plumbing, electrical, HVAC) is not specified, potentially implying future maintenance or upgrade costs.
Compact Interior Space: With a total of 1554 sqft for what effectively functions as a 4-bedroom, 3-bathroom property across two units, the individual living areas may feel compact for some buyers.
Garden Maintenance: The terraced garden spaces, while attractive, may require significant ongoing maintenance, which could be a drawback for buyers seeking low-maintenance landscaping.