89 Forest Lane, San Rafael, CA 94903, San Rafael, 94903 - 1 bed, 1 bath
89 Forest Lane
San Rafael, CA 94903
Property Price
SUMMARY
Analysis of 89 Forest Lane, San Rafael, CA 94903 is currently available with a list price of $399,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring new flooring and fresh paint throughout. The kitchen is equipped with all new appliances, and the bathroom has been modernized with a new vanity, lighting, and medicine cabinet. Significant system upgrades, including a new furnace and electrical panel, align with the criteria for a property renovated within the last 5 years with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Dixie Elementary School (9/10).
- Turn-Key Updates
The unit features extensive recent improvements, including fresh paint, new flooring, updated kitchen appliances, and modernized electrical and heating systems, offering a move-in-ready experience for the new owner.
- Exceptional Amenities
Residents benefit from a resort-style community with pools and tennis courts, plus the rare inclusion of a private one-car garage with additional storage and EV charging capabilities, which is a significant value-add in the Marin market.
CONSRISKS & DEFICIENCIES
- High Carrying Costs
The monthly association fee of $697 is relatively high for a one-bedroom unit, which may deter budget-conscious buyers or impact the overall debt-to-income ratio for financing.
- Compact Living Area
With only 732 square feet of living space and a single bedroom, the property offers limited flexibility for those requiring a dedicated home office or additional room for guests.
About 89 Forest Lane
Welcome home to 89 Forest Lane in the sought after Meadows of Terra Linda! This beautiful one bedroom, one bathroom top floor condo has been freshly painted and new flooring has been installed throughout. The kitchen has all new appliances and bathroom updates include new lighting, vanity and medicine cabinet. Both the furnace and electric panel have been updated as well. Enjoy the cozy window seating area and deck, both perfect for afternoon reading and relaxing while overlooking scenic views of the Terra Linda hills. The trees outside your windows give off a true Tahoe vibe. You will love living in the Meadows, a resort like community with pools, tennis courts, a sauna and more. Community EV charging is available. There is also a one car garage with added storage space, a rarity in the Marin condo market. The Terra Linda location is convenient to everything including shopping, transportation, Kaiser and scenic hiking & biking trails.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1963
- Lot Size
- 4,199 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $697 / Month
Neighborhood Insights
San Rafael Unified Schools
Vallecito Elementary School
Grades K-5 • 0.6 mi
Dixie Elementary School
Grades K-5 • 1.5 mi
Mary E. Silveira Elementary School
Grades K-5 • 2.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 31% |
| Baths | 1.0 | 2.0 | 26% |
| Square foot | 732 | 985 | 8% |
| Lot Size | 4,199 | 1,089 | 79% |
| Price | $399.0K | $528.0K | 41% |
| Price per sq ft | $545 | $507 | 64% |
| Built year | 1963 | 1985 | 21% |
| HOA | $697 | $2.9K | 18% |
| Days on market | 0 | 178 | 3% |
Pricing History
Listed for Sale
$399,000
Initial Listing