
Novato, CA 94947
This property presents a High-Potential Investment Opportunity with a List Price of $920,000, positioned slightly above the $902,991 Fair Market Value. While the price reflects current market stability, the 8,102 sq. ft. lot and Good Condition Rating provide significant upside for value-add projects, including ADU development. The existing tenant-occupied status offers an immediate income stream, making this a versatile Buy-and-Hold Asset. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the expansive lot for future equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10 Joan Avenue Subject | $920,000* List Price | 3 | 1 | 1,100 | $821 | - |
A 20 Plaza Demira Sold | $900,000 | 3 | 2 | 1,092 | $824 | 0.2 mi |
B 1681 Hill Road Sold | $875,000 | 2 | 1 | 959 | $912 | 0.7 mi |
C 60 Ormond Court Sold | $956,000 | 3 | 3 | 1,154 | $828 | 0.9 mi |
D 8 Madeline Court Sold | $875,000 | 3 | 2 | 1,446 | $605 | 0.7 mi |
E 1328 Monte Maria Avenue Pending | $929,000 List Price | 3 | 2 | 1,132 | $821 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1951 build date, the property appears well-maintained with significant system upgrades, including solar panels and a newer rear deck. While the interior photos are virtually staged to show potential, the home is currently tenant-occupied and described as a comfortable living space, indicating it is functional and move-in ready. The mention of 'future potential' suggests some interior finishes may be dated, but the overall structural and exterior condition supports a Good rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8102, living area = 1100.
The expansive 8,000+ sq. ft. lot offers significant upside for property expansion or the addition of an Accessory Dwelling Unit (ADU) to maximize value.
Ideally situated near the Vintage Oaks Shopping Center and Highway 101, providing residents with ultra-convenient access to major retailers, dining, and commuting corridors.
A three-bedroom configuration served by only a single bathroom may limit appeal for modern families and impact the property's competitive positioning.
The presence of a non-conforming unit in the garage may present permitting challenges or require additional capital to legalize or remediate.
Filled with natural light and situated on an expansive 8,000+ sq. ft. lot, this charming single-level 3-bedroom, 1-bath home offers approximately 1,100 sq. ft. of comfortable living space and outstanding future potential in one of Novato's most convenient locations. Whether you're searching for your next home or a long-term investment, this property presents a unique opportunity. The generous lot offers ample space for outdoor living, gardening, expansion, or the potential for an Accessory Dwelling Unit (ADU), subject to buyer verification and City approval. An existing non-conforming unit within the garage provides additional flexibility and future possibilities. Ideally located just minutes from Vintage Oaks Shopping Center, you'll enjoy easy access to Costco, Nordstrom Rack, Target, popular restaurants, cafs, grocery stores, fitness centers, entertainment, and Highway 101, making everyday living exceptionally convenient. The property is currently tenant occupied, creating immediate income potential for investors while offering future options for owner-occupants. Please do not disturb the occupants. Some listing photographs have been professionally virtually staged to help illustrate the home's furnishing and design potential. Virtual staging is intended solely for marketing purposes and does not represent the property's current appearance or included furnishings. With its desirable location, abundant natural light, oversized lot, income potential, and significant upside for future improvements, 10 Joan Street presents an outstanding opportunity to create value in a highly desirable Novato neighborhood. Buyer to verify all information, including square footage, lot size, permits, legality of improvements, ADU potential, and intended use, to their own satisfaction.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 1.0 | 3.0 |
| Square foot | 1,100 | 2,048.556 |
| Lot Size | 8,102 | 10,147.097 |
| Price | $920.0K | $1.23M |
| Price per sq ft | $836 | $644 |
| Built year | 1951 | 1968 |
| HOA | $0 | $289 |
| Days on market | 46 | 43 |
Jul 25, 2026
$920,000
Initial Listing
Apr 16, 2004
$525,000
Public Record