
Novato, CA 94947
This property presents a High-Potential Investment Opportunity with a List Price of $1,595,000—positioned well above the $1,479,097 Fair Market Value by 7%. While the home carries a Fair Condition Rating due to its 1910 vintage, the R10 Zoning on a 23,004 sq. ft. lot provides significant upside for development. Featuring a 1,400 sq. ft. basement and mature orchard, this asset is ideal for Real Estate Developers or Multigenerational Families seeking to leverage the land for expansion or high-density residential projects.
Property is extensive renovation needed.
Built in 1910, this 114-year-old vintage residence is well beyond the 30-50 year threshold for a poor rating. While the description mentions 'upgrades' and 'character,' the heavy marketing focus on 'add value,' 'expansion potentials,' and R10 zoning for 10+ units strongly indicates that the existing systems and interior are significantly dated and require a full 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 = 23004, living area = 1464.
The R10 zoning on a level half-acre lot allows for 10+ units, offering exceptional value-add opportunities for investors, developers, or multi-generational expansion.
A massive 1,400 sq. ft. basement provides nearly double the functional square footage, ideal for a workshop, studio, or future conversion into living space.
With only one bathroom serving three bedrooms and a large footprint, the current layout is underserviced for modern family needs or high-occupancy use.
Built in 1910, the property likely requires significant capital investment to modernize systems and finishes to meet contemporary standards and efficiency.
Rarely available close to town Vintage residence on private level 1/2+ acre lot! Great opportunity for multigenerational family use including unique add value and expansion potentials. R10 Zoning can allow 10+ units! Create extra income, establish your home business, add additional dwellings... virtually unlimited potentials to create your own unique project with zoning in place to accommodate a large variety of uses! The Home: Full of character, soaring ceilings, hardwood floors, and many original features and upgrades. An oversized basement of approximately 1,400 +/- additional sq. ft offers amazing space, ideal as a workshop, studio, storage, or future project. Outside, enjoy a mature orchard and an auxiliary storage structure, all served by public utilities and water, plus a pre-existing well that may be reconnectable, subject to City verification. Land Use: Existing General Plan standards allow for an extensive list of Additional Uses which may include home occupations, live work, senior or child residential care, school or religious use, multi family, B&B, and much more,(see use tables),or possible Rezone for commercial use, per City review. The Opportunity. Whether you're an owner-user looking to live in the existing home while exploring additional development, a multigenerational family seeking space and flexibility, or an investor/developer eyeing significant upside, this property delivers a rare opportunity in a premier location. A full disclosure package and feasibility review is available
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 1.0 | 2.9 |
| Square foot | 1,464 | 1,976.809 |
| Lot Size | 23,004 | 9,722.521 |
| Price | $1.59M | $1.22M |
| Price per sq ft | $1.1K | $645 |
| Built year | 1910 | 1967 |
| HOA | $0 | $268 |
| Days on market | 25 | 41 |
Sep 29, 2026
$1,595,000
Initial Listing
Sep 30, 2015
$500,000
Public Record