
Novato, CA 94949
This End-Unit Townhome represents a Strong Value Opportunity, listed at $612,000—positioned well below the $560,074 Fair Market Value by -9%. While the property is in Fair Condition Rating due to its 1990 build, it offers a functional dual en-suite layout with private balconies and scenic preserve views. The location provides excellent commuter access to the SMART Train and Highway 101. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a prime natural setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 261 Redhawk Road Subject | $612,000* List Price | 2 | 3 | 1,380 | $406 | - |
A 113 Quail Court Sold | $649,000 | 2 | 2 | 1,273 | $510 | 0.1 mi |
B 230 Pelican Lane Sold | $615,000 | 3 | 3 | 1,731 | $355 | 0.1 mi |
C 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, the property is 36 years old, placing it in the 'Fair' category based on age. While the interior shows move-in ready updates like hardwood flooring and neutral paint, the absence of kitchen and bath photos suggests these areas may be dated, and the primary systems are likely nearing the end of their functional lifespan.
As an end-unit backing directly onto a natural preserve, the property offers exceptional privacy, abundant natural light, and immediate access to miles of hiking and biking trails.
The upper level features two generous bedrooms, each with its own full bathroom and private balcony, providing a highly functional and desirable floor plan for various living arrangements.
The property is strategically located with rapid access to Highway 101, the SMART Train, and the Marin Airporter, offering a perfect balance of serene living and urban connectivity.
The monthly HOA fee of $836 is relatively high for this price point, which significantly increases the total monthly carrying cost and may impact buyer affordability.
Built in 1990 with no mention of recent major renovations, the interior may require additional capital investment to update finishes and appliances to meet contemporary standards.
Backing to a natural preserve in Novato's sought-after Pacheco Valley, this end-unit townhome offers more than 1,380 square feet of bright, easy living. The open living and dining areas flow together around a warm fireplace, with the kitchen just steps away, a layout that works as well for quiet weeknights as it does for hosting. A half bath and dedicated laundry room complete the main level. Upstairs, two generous en-suite bedrooms each claim a full bathroom and a private balcony framed by green, open views. Out back, a private patio and elevated deck extend the living space toward the trees. Morning coffee, evening wind-down, weekend gatherings, all with a preserve as the backdrop. The attached two-car garage is oversized, with room for vehicles plus genuine storage. Community amenities include a pool, playground, and direct access to miles of hiking and biking trails. The location seals it: quick access to Highway 101, the SMART Train, and the Marin Airporter, with the wineries of Sonoma and Napa an easy drive north. Trees at the back door, the freeway five minutes from it.
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 | 2.3 |
| Baths | 3.0 | 1.9 |
| Square foot | 1,380 | 1,114.875 |
| Lot Size | 1,433 | 1,238.25 |
| Price | $612.0K | $524.3K |
| Price per sq ft | $443 | $463 |
| Built year | 1990 | 1981 |
| HOA | $836 | $564 |
| Days on market | 14 | 54 |
Aug 26, 2026
$612,000
Initial Listing
Aug 31, 2015
$610,000
Public Record
Dec 8, 2005
$635,000
Public Record