This property will require cash to purchase, and north of $800k in upgrades to get to a livable standard. I've been watching this listing reduce price over the last 6 months as it has failed to sell. The top end value for a 2625 square foot turnkey single family home in this part of San Rafael is ~ $2,250,000. Narrow streets to access the property and moderate neighboring property values is the reason it would be farfetched to exceed $1,000/foot as you see higher up the hillside, or on the Dominican side of 101. The foundation will need a structural engineer to mitigate/fix the rotation of the posts, and additional retaining wall work to ensure there is no slippage. The lot itself affords exceptional privacy and easy access to downtown San Rafael, shopping, dining, and the freeway.
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Selling real estate has been a dream career for Tim McMullen. He’s fascinated by all aspects of the business and takes great pride in solving problems for clients to achieve their desired outcome.
