194 Pelican Lane, Novato, CA 94949, Novato, 94949 - 2 bed, 3 bath
Loading property details...
Novato, CA 94949
This Renovated End-Unit Townhouse represents a Strong Value Opportunity, listed at $799,000—positioned well below the $841,613 Fair Market Value by 5%. This valuation gap provides $42,613 in Instant Equity. Boasting a Mint Condition Rating, the home features a modernized quartz kitchen, cathedral ceilings, and scenic hill views. Residents enjoy resort-style amenities including a pool and hiking trails near Loma Verde Elementary. This is an exceptional acquisition for Owner-Occupants or lifestyle-driven buyers seeking a turnkey sanctuary with immediate financial upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 194 Pelican Lane Subject | $799,000* List Price | 2 | 3 | 1,674 | $490 | - |
A 5 Velasco Court Sold | $825,000 | 3 | 3 | 1,653 | $499 | 0.2 mi |
B 53 Flicker Drive Sold | $845,000 | 3 | 3 | 1,480 | $571 | 0.3 mi |
C 49 Flicker Drive Sold | $820,000 | 3 | 3 | 1,480 | $554 | 0.3 mi |
D 3 Chapparal Court Sold | $1,035,000 | 4 | 3 | 2,285 | $453 | 0.3 mi |
E 72 Flicker Drive Sold | $893,000 | 2 | 4 | 2,114 | $422 | 0.2 mi |
F 5 Charmaine Court Sold | $765,000 | 3 | 3 | 1,653 | $463 | 0.2 mi |
G 258 Pelican Lane Active | $795,000 List Price | 2 | 3 | 1,656 | $480 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1989, the property has undergone a very recent high-quality renovation (likely <2 years) featuring brand-new carpeting, vinyl wood plank flooring, and a modernized kitchen with new quartz countertops and stainless appliances. The bathrooms are refreshed and the overall interior is in mint, move-in ready condition.
The property features a beautifully updated kitchen with new quartz countertops, freshly painted cabinets, and new appliances, along with brand-new carpeting and vinyl wood plank flooring throughout.
As an end-unit with soaring cathedral ceilings and floor-to-ceiling windows, the home offers a dramatic, airy ambiance and an abundance of natural light that enhances the living space.
Nestled in the serene Pacheco Valle, the home provides direct access to hiking and biking trails, a community pool, and a spa, offering a perfect blend of privacy and an active lifestyle.
The monthly HOA fee of $896 is notably high, which may impact the overall affordability and monthly carrying costs for potential buyers.
The assigned elementary and high schools have moderate ratings of 5 and 6 respectively, which might be a consideration for families prioritizing top-tier educational districts.
Tucked away in the peaceful charm of Pacheco Valle, this stunning two-bedroom plus loft end-unit townhouse offers a rare blend of privacy, style, and convenience. Surrounded by mature trees and lush greenery, the home's serene setting is a true escape. Inside, floor-to-ceiling windows flood the space with natural light, highlighting the warm tones of vinyl wood plank flooring and brand-new carpeting throughout. The dramatic living room, with its soaring cathedral ceilings and elegant fireplace, creates a cozy yet sophisticated ambiance, seamlessly connecting to the dining area and extending onto a private deckperfect for effortless indoor-outdoor entertaining. The beautifully updated kitchen boasts freshly painted cabinets, new quartz countertops and new appliances including wine fridge, ready to accommodate everything from weeknight meals to hosting gatherings. Upstairs, you'll find two tranquil bedrooms, two refreshed bathrooms, and a versatile loft that's ideal as a home office, media room, or additional living space. The primary suite is a relaxing retreat, complete with a walk-in closet and an updated en suite bath. Additional conveniences include in-unit laundry, a private deck, and an attached one-car garage, with extra parking available. Outside, enjoy access to hiking and biking trails, a community pool and spa, a children's playground, and nearby shopping. With easy access to Highway 101 and public transit, this home offers the perfect Northern California lifestyle.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 9-12 • 3.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 19% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,674 | 1,582 | 69% |
| Lot Size | 1,673 | 1,699 | 50% |
| Price | $799.0K | $782.0K | 50% |
| Price per sq ft | $477 | $464 | 56% |
| Built year | 1989 | 1976 | 88% |
| HOA | $896 | $696 | 94% |
| Days on market | 39 | 228 | 6% |
Apr 28, 2026
$799,000
Initial Listing
Jul 12, 2004
$540,000
Public Record