30 Fair Drive, San Rafael, CA 94901, San Rafael, 94901 - 5 bed, 4 bath
ACTIVE$1,499,000$3,122/sqft
Est. Value: $1,557,692
3%
BelowEstimate
30 Fair Drive, San Rafael, CA 94901
5Beds
4Baths
3,122Sqft
5,201Lot
Price Vs. Estimate
The estimated value ($1,557,691.56) is $58,691.56 (3%) higher than the list price ($1,499,000). This property may be underpriced.
Key pros and cons
Top Pros:
Income-Generating Potential: The property is a fully renovated multi-family home with two distinct living spaces, including a 2-bed, 2-bath ADU with its own kitchen, dining, and laundry, offering significant rental income potential or flexible living arrangements.
Top Cons:
Significant Price Appreciation: The current listing price of $1.499 million represents a substantial increase from its last recorded sale price of $720,000, which may require strong justification to potential buyers and lenders despite extensive renovations.
Compared to the nearby listings
Price:$1.50M vs avg $1.40M (+$99,500)63%
Size:3,122 sqft vs avg 2,091 sqft83%
Price/sqft:$480 vs avg $73916%
More Insights
Built in 1952 (74 years old).
Condition: Despite being built in 1952, the property has undergone extensive, permitted renovations, including a new roof, heat pump, updated plumbing, furnace, and water heaters. Both the main unit and ADU feature virtually new, modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary backsplashes. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. The overall condition, including flooring and lighting, reflects a recent, high-quality renovation, making all components new or virtually new and meeting current quality standards.
Year Built
1952
Close
-
List price
$1.5M
Original List price
-
Price/Sqft
$480
HOA
$0
Days on market
-
Sold On
-
MLS number
325099794
Home ConditionExcellent
Features
Good View:
Deck
Spa
View-
About this home
Fully renovated muti-family home in San Rafael, offering two distinct living spaces, with a motivated seller! Enjoy the convenience of being near the Harbor Shopping Center, with its variety of shops and restaurants, and the close proximity to the Marin County Civic Center. Brand new roof and automatic fire sprinkler system. The ADU on the lower level provides two bedrooms and two baths with its own kitchen, dining, and laundry area. Extensive permitted renovations including new heat pump, updated plumbing, furnace, and water heaters and more! Enjoy having a level 2 EV charger, and newly concreted parking area with an epoxy-coated garage. This prime location near the 101 freeway offers easy commuting to major centers and attractions. Don't miss this opportunity!
A
Ashley White
Listing Agent
Price History
Date
Event
Price
12/23/24
Sold
$720,000
Condition Rating
Excellent
Despite being built in 1952, the property has undergone extensive, permitted renovations, including a new roof, heat pump, updated plumbing, furnace, and water heaters. Both the main unit and ADU feature virtually new, modern kitchens with white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary backsplashes. Bathrooms are also fully updated with modern vanities, fixtures, and tiling. The overall condition, including flooring and lighting, reflects a recent, high-quality renovation, making all components new or virtually new and meeting current quality standards.
Pros & Cons
Pros
Income-Generating Potential: The property is a fully renovated multi-family home with two distinct living spaces, including a 2-bed, 2-bath ADU with its own kitchen, dining, and laundry, offering significant rental income potential or flexible living arrangements.
Extensive Modern Renovations: Boasts a brand new roof, automatic fire sprinkler system, new heat pump, updated plumbing, furnace, water heaters, and permitted renovations throughout, minimizing immediate maintenance concerns for a buyer.
Prime Commuter Location: Strategically located near the 101 freeway, providing easy commuting access to major centers and attractions in the Bay Area.
Modern Amenities & Upgrades: Equipped with a level 2 EV charger, newly concreted parking area, and an epoxy-coated garage, appealing to contemporary buyer preferences for convenience and technology.
Convenient Local Access: Proximity to the Harbor Shopping Center (shops, restaurants) and the Marin County Civic Center enhances daily convenience and access to essential services and entertainment.
Cons
Significant Price Appreciation: The current listing price of $1.499 million represents a substantial increase from its last recorded sale price of $720,000, which may require strong justification to potential buyers and lenders despite extensive renovations.
Limited Outdoor Space: With a lot size of 5201 sqft for a 3122 sqft multi-family home, the property may offer limited private outdoor living space, which could be a drawback for some buyers seeking larger yards or recreational areas.
Original Construction Age: Despite comprehensive renovations, the original structure dates back to 1952, which might raise concerns for some buyers regarding the long-term integrity or potential for unforeseen issues in the underlying, older components.