1587 S Novato Boulevard 308, Novato, CA 94947, Novato, 94947 - 2 bed, 2 bath
1587 S Novato Boulevard 308
Novato, CA 94947
Property Price
SUMMARY
Analysis of 1587 S Novato Boulevard 308, Novato, CA 94947 is currently available with a list price of $595,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property is in well-maintained but mostly original condition since its 1999 construction. The kitchen and bathrooms feature dated oak cabinetry, white appliances, and older light fixtures. While move-in ready and clean, it lacks modern renovations and shows aesthetic signs of its age, fitting the criteria for a property built over 20 years ago with no major updates.
PROSSTRENGTHS & OPPORTUNITIES
- Top-Floor Privacy & Accessibility
Being a top-floor unit ensures no neighbors are living above, while the building's elevator provides convenient, step-free access to the residence.
- Premium Parking & Laundry
The inclusion of two dedicated underground parking spaces and an in-unit washer and dryer offers a high level of convenience rarely found in all condo units.
- Significant Value Opportunity
Currently listed at $595,000, the property is priced substantially lower than its 2022 sale price of $710,000, representing a potentially lucrative entry point.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1220, other record lot size in square feet = 359.
- High Monthly HOA Fees
The association fee of $599 per month is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for buyers.
- Dated Interior Potential
Built in 1999 with no mention of recent renovations, the unit may require capital investment for cosmetic updates to meet modern aesthetic standards.
About 1587 S Novato Boulevard 308
Welcome home to this inviting top-floor 2-bedroom, 2-bath condo at 1587 South Novato Blvd #308, where comfort and convenience meet easy living. Take the elevator up to your light-filled retreat featuring two generously sized bedrooms and two well-appointed baths. Cozy up by the fireplace on cool evenings or enjoy your morning coffee on the private balcony. The spacious kitchen offers abundant counter space, ideal for cooking and entertaining. Additional highlights include an in-unit washer and dryer and two underground parking spaces. Residents also enjoy access to a community pool and spa, perfect for relaxing and unwinding. Thoughtfully designed and ideally located, this home offers a relaxed, low-maintenance lifestyle you'll love.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1999
- Lot Size
- 1,220 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $599 / Month
Neighborhood Insights
Novato Unified Schools
Rancho Elementary School
Grades K-5 • 0.6 mi
Novato High School
Grades 9-12 • 0.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,175 | 1,118 | 62% |
| Lot Size | 1,220 | 1,542 | 43% |
| Price | $595.0K | $475.0K | 71% |
| Price per sq ft | $506 | $454 | 86% |
| Built year | 1999 | 1977 | 90% |
| HOA | $599 | $555 | 57% |
| Days on market | 32 | 172 | 5% |
Pricing History
Listed for Sale
Feb 3, 2026
$595,000
Initial Listing
Sold
Jul 8, 2022
$710,000
Public Record
Sold
Jun 12, 2017
$560,000
Public Record
Sold
May 5, 2017
$455,000
Public Record
Sold
Dec 6, 1999
$238,000
Public Record