555 Las Colindas Road, San Rafael, CA 94903, San Rafael, 94903 - 3 bed, 2 bath
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555 Las Colindas Road
San Rafael, CA 94903
ACTIVE
CONDITION: POOR
3Beds
2Baths
1,874Sq Ft
7,680Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$841,436
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $799,000—positioned well below the $841,436 Fair Market Value by 5%. This valuation gap offers $42,436 in Instant Equity for buyers prepared to address the Fair Condition Rating. Featuring a large 7,680 sqft lot and partial mountain views, the home requires a comprehensive renovation. Located near top-rated Dixie Elementary, this is a high-reward acquisition ideal for Fix-and-Flip Investors or Contractors seeking to unlock significant potential.
Estimated Market Value
$841,436+$42,436 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Rafael.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1962 and explicitly marketed as a 'contractor's special,' this property requires a total rehab. Interior photos show original/outdated kitchen and baths, popcorn ceilings, and a significant diagonal structural crack in a bedroom wall, indicating major deferred maintenance and safety/structural concerns.
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 = 7680, living area = 1874.
- Great Schools
Elementary School: Dixie Elementary School (9/10).
- Prime Location & Schools
Situated in the desirable Terra Linda neighborhood, the property offers access to top-tier education, including the highly-rated Dixie Elementary School.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The property is in need of a complete overhaul, which will require significant capital, time, and professional oversight to make it habitable and modern.
- Dated Infrastructure
Given its 1962 construction and 'special' status, buyers should anticipate the need for costly updates to major systems like electrical, plumbing, and roofing.
About 555 Las Colindas Road
A compelling opportunity in the heart of Terra Linda. Set on a large, sunny lot, this 3 bedroom, 2 bathroom contractor's special is ready for a fresh vision. The existing home offers a starting point for a substantial renovation, with generous outdoor space to complement a thoughtfully reimagined interior. An appealing project for developers, contractors, and investors seeking to unlock potential in an established Marin neighborhood. Bring your plans and creativity to shape its next chapter.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1962
- Lot Size
- 7,680 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
San Rafael Unified Schools
Vallecito Elementary School
Grades K-5 • 0.7 mi
7/10
Dixie Elementary School
Grades K-5 • 1.4 mi
9/10
Mary E. Silveira Elementary School
Grades K-5 • 1.8 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,874 | 1,989.93 |
| Lot Size | 7,680 | 8,672.456 |
| Price | $799.0K | $1.70M |
| Price per sq ft | $426 | $841 |
| Built year | 1962 | 1959 |
| HOA | $0 | $303 |
| Days on market | 9 | 35 |
Pricing History
Listed for Sale
Oct 15, 2026
$799,000
Initial Listing