1 Green Point Lane, Novato, CA 94945, Novato, 94945 - 3 bed, 4 bath

1 Green Point Lane, Novato, CA 94945 home-pic-0

1 Green Point Lane

Novato, CA 94945

ACTIVE
CONDITION: POOR
3Beds
4Baths
2,319Sq Ft
31,921Lot Size

Property Price

LIST PRICE$1,400,000
EST. MARKET VALUE
$1,400,000

SUMMARY

Analysis of 1 Green Point Lane, Novato, CA 94945 reveals a Fairly Priced Property with a current list price of $1,400,000  aligned with the estimated $1,400,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Novato Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.

Estimated Market Value

$1,400,000
Based on Realkey algorithm analyzing recent comparable sales in Novato.

Condition Analysis

OVERALL CONDITION SCORE

Poor
TeardownExcellent

Property is extensive renovation needed.

Built in 1975, this property is significantly outdated with original or very old components throughout. The kitchen features 1970s/80s oak cabinets, tiled countertops, and dated appliances (including a paneled refrigerator and double wall oven), along with old fluorescent lighting and patterned linoleum flooring. Bathrooms are similarly outdated with old vanities, fixtures, and worn finishes, some showing signs of damage or peeling wallpaper. Carpets are old and worn, and light fixtures are generally basic and dated. Crucially, the listing explicitly states the property 'will not pass inspections' and is not eligible for FHA or VA loans, indicating significant defects or major components requiring substantial repairs and rehabilitation. The unfinished basement/crawlspace also appears very rough, potentially contributing to these inspection issues.

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 = 31921, living area = 2319.

  • Panoramic Views

    The property offers captivating views of San Pablo Bay and Hwy 37, enhanced by a wrap-around deck with sliding doors in each room to maximize the scenic outlook.

  • Excellent Accessibility

    Strategically located with easy access to major highways including Hwy 37, US 101, Hwy 29/121, and I-80, providing convenient commuting options.

CONSRISKS & DEFICIENCIES

  • Restricted Financing Options

    The property is not eligible for FHA or VA loans and will not pass standard inspections, limiting financing to cash or conventional loans only.

  • Condition & Inspection Issues

    Explicitly stated that the property 'will not pass inspections,' indicating potential significant repairs or upgrades required by the buyer.

  • Previous Transaction Failure

    The property is back on the market due to a previous buyer's inability to perform, which may raise concerns about underlying issues or transaction complexities.

About 1 Green Point Lane

BOM~ Due to buyer not being able to perform. Massive Price Adjustment! One-of-a-kind, beautiful home nestled in the hills of Black Point, Novato with views of San Pablo Bay & Hwy 37. Wrap around deck with sliding doors allowing views from each room. Easy access to Hwy37, US101, Hwy29/121 & I80. Home includes an office & a bar with a dancefloor and pool table. No FHA or VA, property will not pass inspections. Cash or Conventional only.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1975
Lot Size
31,921 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
4 (4 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
47%
Baths4.03.0
84%
Square foot2,3192,140
58%
Lot Size31,9219,901
82%
Price$1.40M$1.12M
74%
Price per sq ft$604$575
56%
Built year19751975
50%
HOA$0$0
50%
Days on market156183
28%

Pricing History

Listed for Sale

Oct 2, 2025

$1,400,000

Initial Listing

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