
Novato, CA 94949
This Prime Investment Opportunity is listed at $645,000, positioned well below the $659,096 Fair Market Value by 2%. This valuation gap offers $14,096 in Instant Equity. Featuring a Fair Condition Rating, the property includes a private rear patio and elevated deck backing to a natural preserve. While the kitchen remains dated, the dual en-suite layout and seller financing at 5.5% provide significant financial leverage. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add property in Novato.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Redhawk Rd Subject | $645,000* List Price | 2 | 3 | 1,370 | $481 | - |
A 113 Quail Court Sold | $649,000 | 2 | 2 | 1,273 | $510 | 0.1 mi |
B 109 Pelican Lane Pending | $685,000 List Price | 2 | 3 | 1,370 | $500 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property is well-maintained but features a dated kitchen with original oak cabinetry and tile countertops. While appliances have been updated and the unit is move-in ready, the overall age and lack of a recent full renovation place it in the fair category requiring cosmetic modernization.
The offer of 5.5% seller financing provides a significant financial incentive and a competitive alternative to traditional lending in a high-interest rate market.
As an end-unit backing onto a natural preserve, the property offers enhanced privacy, better natural light, and a serene outdoor environment that is rare for townhome living.
The floor plan features two spacious bedrooms, each with its own private bathroom and balcony, making it ideal for roommates, guests, or a high-end home office setup.
The $896 monthly association fee is relatively high and may impact the overall affordability and debt-to-income ratio for prospective buyers.
With local school ratings of 5 and 6, the property may be less appealing to families specifically prioritizing top-tier academic performance in Marin County.
Seller Financing offered at 5.5% Available! Nestled in the peaceful setting of Novato’s desirable Pacheco Valley, this inviting end-unit townhome offers over 1,370 sq ft of comfortable living with a private rear patio and elevated deck backing to a natural preserve. Inside, the open-concept living and dining areas create an ideal layout for both everyday living and effortless entertaining. A warm fireplace anchors the living room, while the dining area flows seamlessly into the kitchen. A convenient half bath and dedicated laundry room complete the main level. Upstairs, two spacious en-suite bedrooms each feature their own full bathrooms and private balconies, offering comfortable retreats with peaceful views. A generously sized attached two-car garage provides excellent parking and abundant storage space. Outside, the private patio and deck offer the perfect setting for outdoor dining, relaxing evenings, or weekend gatherings surrounded by nature. Residents enjoy access to community amenities including a pool, playground, and miles of nearby hiking and biking trails. Ideally located with convenient access to Highway 101, SMART Train, Marin Airporter, and the renowned wineries of Sonoma and Napa, this retreat blends serene living with exceptional accessibility.
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 |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,370 | - |
| Lot Size | 1,434 | - |
| Price | $645.0K | $493.4K |
| Price per sq ft | $471 | $487 |
| Built year | 1990 | 0 |
| HOA | $896 | $0 |
| Days on market | 54 | 49 |
Jun 20, 2026
$645,000
$680,000
-5% Price Drop
Initial Listing
May 29, 2026
$680,000
Initial Listing
Aug 31, 2015
$610,000
Public Record
Dec 8, 2005
$635,000
Public Record