1300 Vallejo Avenue, Novato, CA 94945, Novato, 94945 - 3 bed, 2 bath
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Novato, CA 94945
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well below the $815,851 Fair Market Value by -4%. While the property requires a comprehensive renovation due to its Fair Condition Rating, the expansive 14,248 sqft lot offers significant upside for development or expansion. The asset provides a rare combination of a walkable location near Old Town Novato and substantial land utility. This is a strategic acquisition ideal for Fix-and-Flip Investors or Builders seeking to maximize value through modernization.
Property is extensive renovation needed.
Built in 1951, the home is over 70 years old and retains mostly original features. The kitchen and flooring are severely dated (30-50+ years), and the listing's emphasis on 'restoring charm,' 'reimagining,' and an 'as-is' sale indicates the property requires a comprehensive rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14248, living area = 1479.
Situated just blocks from Old Town Novato, this property offers a highly desirable walkable lifestyle with immediate access to local shops, dining, and community events.
The rare one-third acre level corner lot provides significant space for outdoor living, gardening, or potential expansion, which is a premium feature in Marin County.
The property is being sold in as-is condition, indicating that the buyer will likely need to budget for immediate repairs or a full restoration to bring it to modern standards.
Built in 1951, the home may require significant capital investment to upgrade its original systems and interior finishes to meet contemporary buyer expectations.
Locally loved and full of possibility, 1300 Vallejo Avenue sits on a sunny corner lot of approximately one-third acre just blocks from the heart of Old Town Novato. This 3-bedroom, 2-bath home offers the rare combination of an established neighborhood, walkable lifestyle, and the kind of lot size that sparks imagination. Stroll to local shops, restaurants, community events, and downtown street fairs, then come home to a property with room to grow, create, and reimagine. Whether you're looking to restore its charm, expand its footprint, create outdoor living spaces, or explore future development opportunities, the canvas is here. The level lot, detached structures, and generous outdoor space provide flexibility rarely found this close to downtown. Investors, builders, dreamers, and owner-occupants alike will recognize the value of securing a property where the land is just as compelling as the home itself. Big lot. Great bones. Endless upside. Bring your vision and discover why opportunities like this are becoming increasingly hard to find in Marin County. Offered as-is
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,479 | 2,236.5 | 28% |
| Lot Size | 14,248 | 9,125.5 | 66% |
| Price | $849.0K | $1.18M | 19% |
| Price per sq ft | $574 | $574 | 50% |
| Built year | 1951 | 1977 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 145 | 3% |
May 29, 2026
$849,000
Initial Listing
Oct 7, 2014
$470,000
Public Record
May 3, 2006
$800,000
Public Record