
Novato, CA 94945
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned slightly above the $990,359 Fair Market Value. While the property requires a comprehensive overhaul due to its Condition Rating of 5, the expansive 0.42-acre corner lot provides significant scale for a modern transformation. The 2,150 square foot floor plan offers a solid foundation for value-add renovations, including potential kitchen and bath modernization. This asset is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the property's significant architectural potential.
Property is extensive renovation needed.
Built in 1966 and described as 'largely unimproved,' this property is a clear rehab candidate. The listing explicitly targets flippers and 'visionary' buyers for a 'modern transformation,' indicating that the kitchen, baths, and systems are likely original or over 50 years old. The exterior shows significant deferred maintenance and neglected landscaping.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18452, living area = 2150.
Situated on a sprawling 0.42-acre corner lot, the property offers rare scale and significant potential for high-end landscaping, outdoor entertaining, or expansion.
The interior features a dramatic sunken living room with vaulted ceilings and a central fireplace, providing a sense of volume and unique design appeal.
The property is in largely original or unimproved condition, requiring a visionary buyer prepared for a comprehensive interior and exterior overhaul.
For a four-bedroom home of this size, the two-bathroom configuration may be considered insufficient for modern family needs without further modification.
Rarely does an opportunity this significant hit the Novato market. Situated on a sprawling 0.42-acre corner lot, 2001 Leese Ln is a 4-bedroom, 2-bathroom canvas waiting for a visionary touch. With 2,150 square feet of living space, this property offers the scale and bones necessary to create a custom showpiece in a premier location. The interior is anchored by a dramatic sunken living room featuring vaulted ceilings and a central fireplace, providing a sense of volume and architectural interest that is hard to find. The floor plan includes a dedicated laundry room and an attached two-car garage, offering a functional foundation for a modern transformation. Outside, the expansive corner lot remains largely unimproved, presenting a massive opportunity for high-end landscaping, outdoor entertaining spaces, or a private garden retreat. Whether you are looking to renovate and flip or design your own forever home, the potential for value-add here is immense.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,150 | 2,048.556 |
| Lot Size | 18,452 | 10,147.097 |
| Price | $999.0K | $1.23M |
| Price per sq ft | $465 | $644 |
| Built year | 1966 | 1968 |
| HOA | $0 | $289 |
| Days on market | 43 | 43 |
Jul 28, 2026
$999,000
Initial Listing
May 28, 2004
$625,000
Public Record