
Novato, CA 94945
This property presents a High-Potential Investment Opportunity with a List Price of $1,050,000—positioned well below the $1,095,132 Fair Market Value by 4%. This valuation gap offers $45,132 in Instant Equity for buyers. Featuring a Condition Rating of 5, the home requires a comprehensive renovation, yet its vaulted wood-plank ceilings, expansive decking, and scenic water views provide a premium foundation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to maximize value through modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Green Point Lane Subject 4 bd · 4 ba · 2,319 sqft · $472 | $1,050,000* List Price | 4 | 4 | 2,319 | $472 | - |
A 11 Green Point Lane Active 5 bd · 3 ba · 2,426 sqft · $534 · 0.1 mi | $1,295,000 List Price | 5 | 3 | 2,426 | $534 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 and appearing to be in mostly original condition, this property exceeds the 30-year threshold for a major rehab. Interior images show dated green shag carpeting, original parquet flooring, and 1970s-era fixtures. The listing description explicitly invites buyers to 'reimagine' the home and notes it is ready for 'cosmetic improvements' and a 'comprehensive transformation,' signaling that the kitchen, baths, and likely systems require full modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 31921, living area = 2319.
The home features distinctive design elements including vaulted wood-plank ceilings, exposed beams, and a stone fireplace, providing a high-end aesthetic foundation for a modern renovation.
Situated on a nearly 0.75-acre hillside lot surrounded by mature oak trees, the property offers a rare level of privacy and a serene natural setting in Novato.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The home is marketed as a project requiring cosmetic improvements and updates, which will necessitate a substantial additional investment of time and capital from the buyer.
The natural, sloping landscape of the hillside setting may limit the amount of usable flat outdoor space for traditional backyard activities or gardening.
**1 Green Point Lane | Novato** Set among mature oak trees in a peaceful hillside setting, 1 Green Point Lane presents a unique opportunity to reimagine a home with character, generous living spaces, and exceptional potential. With its distinctive architecture, vaulted wood-plank ceilings, exposed beams, and expansive windows framing the surrounding landscape, the home offers an inviting foundation for its next chapter. The main living areas feature dramatic ceiling heights, a stone fireplace, and an abundance of natural light, with access to extensive decking that takes advantage of the property's elevated setting and scenic outlooks. A spacious kitchen, adjoining dining area, and multiple gathering spaces provide flexibility for everyday living and entertaining. Additional highlights include a separate recreation area with a built-in bar, wood-burning stove, and room for a variety of uses. Outside, mature trees and a natural, sloping landscape create a sense of privacy and connection to the surrounding environment. Ready for cosmetic improvements and thoughtful updates, this property offers an opportunity for buyers with vision to bring new life to an established home while preserving the architectural details that make it distinctive. Whether refreshing the existing spaces or pursuing a more comprehensive transformation, 1 Green Point Lane offers plenty of possibilities in a scenic Novato setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 4.0 | 2.9 |
| Square foot | 2,319 | 1,976.809 |
| Lot Size | 31,921 | 9,722.521 |
| Price | $1.05M | $1.22M |
| Price per sq ft | $453 | $645 |
| Built year | 1975 | 1967 |
| HOA | $0 | $268 |
| Days on market | 5 | 41 |
Oct 19, 2026
$1,050,000
Initial Listing