1540 Center Road Unit 160, Novato, CA 94947, Novato, 94947 - 2 bed, 1 bath
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1540 Center Road Unit 160
Novato, CA 94947
ACTIVE
CONDITION: GOOD
2Beds
1Baths
905Sq Ft
1,024Lot Size
Property Price
LIST PRICE$385,000
EST. MARKET VALUE
$403,030
4% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $399,000—positioned well below the $406,838 Fair Market Value by 2%. This valuation gap offers $7,838 in Instant Equity. Featuring a Granite Kitchen, Anderson dual-pane windows, and a Condition Rating of 3, the unit provides a modern, low-maintenance lifestyle with access to a Community Pool. Located near Novato High School, this property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a turnkey, well-located residence.
Estimated Market Value
$403,030+$18,030 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Novato.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1540 Center Road Unit 160 Subject 2 bd · 1 ba · 905 sqft · $445 | $385,000* List Price | 2 | 1 | 905 | $445 | - |
A 864 Tamalpais Avenue #A Sold 2 bd · 1 ba · 832 sqft · $487 · 0.5 mi | $405,000 | 2 | 1 | 832 | $487 | 0.5 mi |
B 1540 Center Road #388 Active 2 bd · 1 ba · 980 sqft · $407 · 0.0 mi | $399,000 List Price | 2 | 1 | 980 | $407 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the building was constructed in 1975, the unit has undergone significant renovations that make it move-in ready. Key updates include a kitchen with granite countertops and stainless steel appliances, newer laminate flooring, fresh paint, and an upgraded electrical panel. The addition of Anderson dual-pane windows and the overall functional, well-maintained appearance of the interior align with the Good criteria for a 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior Upgrades
The unit is move-in ready with high-quality finishes, including granite countertops, stainless steel appliances, newer laminate flooring, and premium Anderson dual-pane windows.
- Desirable End-Unit Layout
As a single-level end-unit, the property offers superior natural light and increased privacy compared to interior units, featuring an open floor plan that flows to a private patio.
- Prime Location and Amenities
The complex provides excellent value with a community pool and gated garage, situated within walking distance to shopping, dining, and scenic hiking trails.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $561 per month is relatively high for a two-bedroom unit, which may impact buyer affordability and overall investment yield.
- Limited Bathroom Ratio
With only one bathroom serving two bedrooms, the layout may be less appealing to roommates or families compared to more modern two-bath configurations.
About 1540 Center Road Unit 160
Stylish single-level, end-unit condo with nice light in a building with an elevator (or use the outdoor entrance and bypass the elevator). Open floor plan features a kitchen with granite countertops, all-stainless-steel appliances, and a spacious living area that opens to an outdoor patio. Newer laminate flooring throughout, fresh paint, an upgraded electrical panel, and Anderson dual-pane windows/slider. Good-sized bedrooms, great closet space, POOL, gated garage, and extra storage. Conveniently located near transportation, shopping, restaurants, a health club, and trails for hiking and biking.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1975
- Lot Size
- 1,024 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $561 / Month
Neighborhood Insights
Novato Unified Schools
Rancho Elementary School
Grades K-5 • 0.4 mi
5/10
Novato High School
Grades 9-12 • 0.6 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.2 |
| Baths | 1.0 | 1.9 |
| Square foot | 905 | 1,118 |
| Lot Size | 1,024 | 1,209.857 |
| Price | $385.0K | $517.8K |
| Price per sq ft | $425 | $458 |
| Built year | 1975 | 1980 |
| HOA | $561 | $535 |
| Days on market | 45 | 61 |
Pricing History
Listed for Sale
Oct 17, 2026
$385,000
$399,000
-4% Price Drop
Initial Listing
Price Change
Sep 9, 2026
$399,000
Initial Listing
Sold
Aug 2, 2021
$370,000
Public Record
Sold
Aug 6, 2018
$316,000
Public Record
Sold
Jul 12, 2016
$310,000
Public Record