
Novato, CA 94947
This Condominium Asset is a High-Potential Investment Opportunity, listed at $427,200—positioned above the $418,319 Fair Market Value by 2%. While the property requires modernization, the Condition Rating of 4 reflects its dated infrastructure, offering a clear path for value-add renovations. Residents benefit from a Community Pool, Assigned Parking, and proximity to Rancho Elementary and Novato High School. This unit serves as a stable, long-term hold for Buy-and-Hold Investors or first-time buyers seeking to build equity through strategic cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 Center Road 270 Subject | $427,200* List Price | 2 | 1 | 980 | $427 | - |
A 1558 Center Road 6 Sold | $425,000 | 2 | 2 | 973 | $437 | 0.1 mi |
B 852 Diablo Avenue 102 Sold | $555,000 | 2 | 2 | 1,175 | $472 | 0.1 mi |
C 1540 Center Road #388 Active | $419,000 List Price | 2 | 1 | 980 | $428 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1975, this property is nearly 50 years old. While it features fresh paint and some kitchen updates like granite countertops and stainless appliances, the cabinetry and baseboard heating systems are dated. The listing description explicitly suggests adding 'personal touches over time,' confirming it needs modernization to meet current standards.
The property is ideally situated near shopping, dining, and major transportation routes, offering high convenience for commuters and easy access to everyday services.
With fresh interior paint completed within the last six months, the unit provides a clean, move-in-ready aesthetic that serves as a neutral canvas for new owners.
The inclusion of assigned parking and access to a community pool adds significant value and lifestyle appeal to this residential condominium.
The association fee of $536 per month is relatively high for a two-bedroom unit, which may impact the overall affordability and debt-to-income ratio for buyers.
Built in 1975, the property likely requires further modernization of original fixtures and systems beyond the recent paint to meet contemporary luxury standards.
Welcome to 1540 Center Road, Unit 270, a 2-bedroom, 1-bath condominium offering approximately 980 square feet of living space in Novato. The interior has been freshly painted within the past six months, providing a clean, refreshed backdrop for the next owner. The functional floor plan includes a comfortable living area, kitchen, two bedrooms and a full bathroom. The property also includes assigned parking and access to the community pool. Conveniently located near shopping, dining, everyday services and major transportation routes, this condominium offers an opportunity to own in Novato while adding your own personal touches over time. Some listing photographs have been virtually staged to demonstrate possible furniture placement and use of space. Virtual staging does not represent the property's current furnishings or condition. Original, unaltered photographs are also included for reference.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 1.0 | 1.9 |
| Square foot | 980 | 1,114.875 |
| Lot Size | 1,119 | 1,238.25 |
| Price | $427.2K | $524.3K |
| Price per sq ft | $436 | $463 |
| Built year | 1975 | 1981 |
| HOA | $536 | $564 |
| Days on market | 21 | 54 |
Aug 19, 2026
$427,200
Initial Listing
Oct 18, 2013
$205,000
Public Record
May 6, 2003
$237,000
Public Record
Mar 8, 2000
$165,000
Public Record