21 Prairie Falcon Drive, Novato, CA 94949, Novato, 94949 - 2 bed, 2 bath
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21 Prairie Falcon Drive
Novato, CA 94949
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,080Sq Ft
1,080Lot Size
Property Price
LIST PRICE$549,000
EST. MARKET VALUE
$547,443
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $570,000—positioned well below the $598,246 Fair Market Value by 4%. This valuation gap offers $28,246 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home provides a solid foundation for cosmetic updates. Residents benefit from resort-style amenities, including a pool, tennis courts, and scenic trails. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic, value-add entry into the Marin market.
Estimated Market Value
$547,443
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 |
|---|---|---|---|---|---|---|
★ 21 Prairie Falcon Drive Subject 2 bd · 2 ba · 1,080 sqft · $507 | $549,000* List Price | 2 | 2 | 1,080 | $507 | - |
A 52 Cinnamon Teal Lane Active 2 bd · 2 ba · 1,080 sqft · $551 · 0.1 mi | $595,000 List Price | 2 | 2 | 1,080 | $551 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979, this property is over 45 years old and appears to have mostly original or significantly dated finishes. While the interior is clean and functional, the bathroom features dated tile countertops and cabinetry, and the living areas contain older carpeting and louvered closet doors. The lack of recent major renovations to the kitchen and baths, combined with the age of the structure, fits the 'Fair' criteria for a property that is dated and requires cosmetic updates.
PROSSTRENGTHS & OPPORTUNITIES
- Resort-Style Community Amenities
Residents enjoy premium access to a community pool, spa, tennis and pickleball courts, and miles of scenic hiking and biking trails, promoting an active Marin lifestyle.
- Versatile Outdoor Living Space
The floor plan uniquely offers two private outdoor areas, including a balcony and a secluded patio, providing ample space for relaxation and alfresco dining.
- Strategic Commuter Location
The property is ideally positioned for accessibility, offering convenient proximity to Highway 101, the SMART Train, and the Marin Airporter for easy travel across the Bay Area.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $696 per month is relatively high for a two-bedroom unit at this price point, which may impact overall monthly affordability for buyers.
- Dated Construction Era
Built in 1979, the property may require modern cosmetic updates or system upgrades to meet the aesthetic and efficiency expectations of contemporary homeowners.
About 21 Prairie Falcon Drive
Set within the tranquil, tree lined surroundings of Pacheco Valley, this two bedroom, two bathroom townhome offers a relaxed and comfortable Marin lifestyle. The well designed floor plan features welcoming living and dining areas centered around a cozy fireplace, creating an inviting space for both everyday living and entertaining. Step outside to enjoy two private outdoor spaces: a balcony ideal for morning coffee and a secluded patio perfect for dining or unwinding. An attached garage adds convenience, parking, and valuable storage. Pacheco Valley residents enjoy access to a community pool and spa, tennis and pickleball courts, and miles of scenic hiking and biking trails. With convenient access to Highway 101, the SMART Train, Marin Airporter, and the celebrated wineries of Sonoma and Napa, this home offers an appealing combination of natural beauty, recreation, and accessibility.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1979
- Lot Size
- 1,080 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $696 / Month
Neighborhood Insights
Novato Unified Schools
Loma Verde Elementary School
Grades K-5 • 1.3 mi
5/10
Novato High School
Grades 9-12 • 3.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,080 | 1,766 |
| Lot Size | 1,080 | 1,633.909 |
| Price | $549.0K | $791.4K |
| Price per sq ft | $508 | $434 |
| Built year | 1979 | 1986 |
| HOA | $696 | $641 |
| Days on market | 39 | 75 |
Pricing History
Listed for Sale
Oct 10, 2026
$549,000
$570,000
-4% Price Drop
Initial Listing
Price Change
Sep 15, 2026
$570,000
Initial Listing
Sold
Apr 24, 1997
$214,000
Public Record