1121 Ferris Drive, Novato, CA 94945, Novato, 94945 - 3 bed, 2 bath
1121 Ferris Drive
Novato, CA 94945
Property Price
SUMMARY
Analysis of 1121 Ferris Drive, Novato, CA 94945 reveals a property with a current list price of $695,000, which is 5% above the estimated $661,012 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1121 Ferris Drive Subject | $695,000* List Price | 3 | 2 | 1,088 | $608 | - |
A 998 Simmons Lane Sold | $775,000 | 3 | 1 | 1,097 | $706 | 0.4 mi |
B 75 San Carlos Way Sold | $850,000 | 4 | 2 | 1,521 | $559 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
Built in 1954 and explicitly marketed as a 'Contractor's Special,' this property requires substantial rehabilitation and modernization. The 'as-is' condition, combined with the description of needing 'vision' and 'extensive renovation,' indicates significant deferred maintenance and outdated major systems, kitchen, and bathrooms that likely haven't been updated in several decades.
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 = 7479, living area = 1088.
- Prime Corner Lot
The property sits on a spacious, mostly level corner lot with full sun exposure, offering excellent potential for landscaping, gardening, or future expansion.
- Significant Value-Add Potential
Marketed as a 'Contractor's Special,' this home presents a rare opportunity for investors or handy buyers to build equity through a comprehensive renovation in a desirable Novato neighborhood.
CONSRISKS & DEFICIENCIES
- Extensive Renovation Required
The home is being sold in 'as-is' condition and requires significant work, which will necessitate a substantial additional budget for repairs and modernization.
- Limited Covered Parking
The property features a detached carport rather than an attached garage, which may be a drawback for buyers seeking more secure storage or direct interior access from their vehicle.
About 1121 Ferris Drive
Contractor's Special = amazing opportunity. Lovely, large, corner lot with full sun exposure. Current configuration is a single level 3 bedroom, 2 bathroom home with a detached carport on a mostly level lot. Bring your handy clients who have vision. Being sold in its as-is condition.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,479 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 46% |
| Square foot | 1,088 | 2,133 | 7% |
| Lot Size | 7,479 | 9,858 | 14% |
| Price | $695.0K | $1.08M | 9% |
| Price per sq ft | $639 | $575 | 68% |
| Built year | 1954 | 1974 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 183 | 2% |
Pricing History
Listed for Sale
Feb 27, 2026
$695,000
Initial Listing