823 Tamarack Drive, San Rafael, CA 94903, San Rafael, 94903 - 5 bed, 3 bath
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San Rafael, CA 94903
This Versatile Residential Property represents a High-Potential Investment Opportunity, listed at $1,495,000—positioned well below the $1,535,360 Fair Market Value by 2%. This valuation gap offers $40,360 in Instant Equity. With a Condition Rating of 4, the home features a Junior ADU and a Resort-Like Backyard with Pool, offering significant value-add potential through modernization. Located in the Miller Creek school district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating asset in Terra Linda.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 823 Tamarack Drive Subject | $1,495,000* List Price | 5 | 3 | 2,250 | $686 | - |
A 854 Butternut Drive Sold | $1,531,425 | 4 | 2 | 1,904 | $804 | 0.8 mi |
B 451 Nova Albion Way Sold | $1,425,000 | 4 | 2 | 2,194 | $649 | 0.7 mi |
C 31 Esmeyer Drive Sold | $1,150,000 | 3 | 2 | 1,526 | $754 | 0.2 mi |
D 23 Terra Linda Drive Pending | $1,698,000 List Price | 4 | 3 | 2,202 | $771 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968 with some cosmetic updates like newer flooring and dual-pane windows. However, the property remains largely dated with 15-30 year old renovations in the bathrooms and a JADU that shows significant wear, including sagging ceiling tiles and an outdated kitchenette requiring repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10402, living area = 2250.
Elementary School: Dixie Elementary School (9/10).
The property features an attached 1-bedroom, 1-bathroom Junior Accessory Dwelling Unit (JADU) with its own family room, providing excellent flexibility for rental income, multi-generational living, or an au-pair suite.
Built in 1968, the property may feature older underlying infrastructure or systems that require ongoing maintenance or further modernization beyond the completed cosmetic updates.
While located in a sought-after neighborhood, the local assigned middle and high schools carry moderate ratings (6/10 and 5/10), which may be a consideration for education-focused buyers.
Truly one of a kind two-story home with versatile floor plan and an exceptional outdoor lifestyle in one of Terra Linda's most sought-after neighborhoods. The main house features 4 bedrooms, 2 baths all on one level with updated flooring. Spacious living room with fireplace and picturesque views of Terra Linda open space. Designed for seamless indoor-outdoor living, large sliders connect the kitchen and dining areas to a resort-like backyard featuring a sparkling pool, mature landscaping, hillside views, and multiple spaces for entertaining, recreation, gardening, or future customization. Spacious primary suite with walk-in closet and dual sink vanity. Three generous sized bedrooms are perfect for family, guests or home office with two bedrooms affording views of nearby open space. Additional highlights include: two-car garage, dual-pane windows, RV/boat parking, exterior improvements around the pool area, succulent garden, plus attached 1 bedroom, 1 bath Junior accessory dwelling with family room that provides maximum flexibility. Possible au-pair, in-law suite, or keep as a rental. Ideally located within highly regarded Miller Creek school district, and near open space trails, Scotty's Market, Monk's Kettle, Lou's Takeaway, LoCoco's, SMART Train access, and Highway 101. The perfect combination of privacy, convenience, and versatility in a premier San Rafael location.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 2.2 mi
Grades K-5 • 2.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,250 | - |
| Lot Size | 10,402 | - |
| Price | $1.50M | $1.54M |
| Price per sq ft | $664 | $784 |
| Built year | 1968 | 0 |
| HOA | $0 | $0 |
| Days on market | 36 | 36 |
Jun 16, 2026
$1,495,000
Initial Listing