109 Pelican Lane, Novato, CA 94949, Novato, 94949 - 2 bed, 3 bath
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Novato, CA 94949
This Serene End-Unit Townhome is a Strong Value Opportunity, listed at $685,000—positioned well below the $708,336 Fair Market Value by 3%. This valuation gap offers $23,336 in Instant Equity for incoming buyers. Boasting a Move-In Ready Condition Rating, the home features a modernized kitchen with stone countertops and hardwood flooring. Backing directly onto the Pacheco Valle Nature Preserve, the property provides a tranquil lifestyle with multiple balconies and community pool access. This is an ideal match for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 109 Pelican Lane Subject | $685,000* List Price | 2 | 3 | 1,370 | $517 | - |
A 113 Quail Court Sold | $649,000 | 2 | 2 | 1,273 | $510 | 0.2 mi |
B 154 Sandpiper Court Sold | $580,000 | 2 | 2 | 1,057 | $549 | 0.1 mi |
C 121 Quail Court Sold | $615,000 | 2 | 2 | 1,088 | $565 | 0.2 mi |
D 402 Bolling Circle Sold | $590,000 | 3 | 3 | 1,461 | $404 | 1.0 mi |
E 4 Hummingbird Way Sold | $840,000 | 3 | 2 | 1,312 | $640 | 0.4 mi |
F 4 Cielo Lane 3E Sold | $559,000 | 2 | 2 | 1,160 | $482 | 1.0 mi |
G 178 Pelican Lane Active | $737,000 List Price | 2 | 3 | 1,674 | $440 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and shows pride of ownership. While built in 1990, it has undergone significant updates including hardwood flooring on the main level, recessed lighting, and a modernized kitchen with stainless steel appliances and stone countertops. The bathrooms appear updated with matching stone surfaces and white cabinetry. The overall aesthetic is contemporary and well-maintained, fitting the criteria for a property that does not require immediate renovation.
This desirable end-unit townhome backs directly onto the Pacheco Valle Nature Preserve, offering exceptional tranquility, no neighbors above or below, and multiple balconies with serene open-space views.
The floorplan is ideal for privacy and convenience, featuring two spacious upstairs bedrooms each with its own dedicated full bathroom, plus an attached two-car garage providing rare ample storage.
Residents benefit from a community pool and playground with immediate access to miles of hiking and biking trails, all while being perfectly positioned for easy commuting via Highway 101 and the SmartTrain.
The association fee of $896 per month is significantly high for this price point, which may impact buyer affordability and overall monthly carrying costs.
The local public schools are rated 5 and 6 out of 10, which may be a drawback for families specifically seeking the top-tier educational performance often associated with Marin County.
Looking for Peace and Tranquility? This lovely end unit townhome feels like a single-family home with no one above or below you. There is an oversize back patio and deck which backs up on open space; and the living room, and both bedrooms have balconies offering views of the Pacheco Valle Nature Preserve. The open dining/living room floorplan is great for entertaining and a fireplace in the living rooms adds to your relaxation. Wood floors grace the main living level with carpeting upstairs in the bedrooms. The bedrooms are en-suite, each with their own full bath. A half bath and laundry closet are on the main level and the unit has A/C. A large 2 car attached garage provides good parking and ample storage space. Amenities include a community pool, playground and miles of hiking and biking trails. Great location with easy access to 101, SmartTrain, Marin Airporter and the Sonoma and Napa wineries.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 9-12 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,370 | 1,084 | 80% |
| Lot Size | 1,433 | 893 | 85% |
| Price | $685.0K | $482.5K | 90% |
| Price per sq ft | $500 | $491 | 60% |
| Built year | 1990 | 1986 | 70% |
| HOA | $896 | $597 | 95% |
| Days on market | 13 | 213 | 5% |
Apr 9, 2026
$685,000
Initial Listing
May 15, 2019
$675,000
Public Record
Oct 22, 2015
$638,000
Public Record
Jun 30, 2005
$640,000
Public Record
Feb 23, 2001
$355,000
Public Record