48 Manzanita Avenue, Novato, CA 94945, Novato, 94945 - 4 bed, 3 bath
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Novato, CA 94945
This Versatile Multi-Unit Estate is listed at $1,078,000, aligning precisely with its $1,078,000 Fair Market Value. Featuring a main residence plus a Detached Cottage, the property offers immediate rental income potential or guest accommodations. While currently holding a Fair Condition Rating suggesting room for cosmetic modernization, the estate boasts Breathtaking Petaluma River Views and a high-utilization 17,515 sqft Lot. Served by San Marin High, Sinaloa Middle, and Olive Elementary, this property provides a stable valuation in the desirable Black Point area. It is ideal for Owner-Occupants seeking a house-hack or Multi-generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 48 Manzanita Avenue Subject | $1,078,000* List Price | 4 | 3 | 2,750 | $392 | - |
A 50 Oak Avenue Sold | $820,000 | 3 | 2 | 1,919 | $427 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1935, this property is described as a charming, well-maintained home rather than a modern renovation. While it features functional spaces like a bright kitchen with tiled floors and a detached cottage, the lack of mention regarding recent high-end updates or system overhauls suggests the property is aged with older cosmetic styles. It meets the 'fair' criteria as a home that has been maintained through regular upkeep but likely requires minor updates to meet current modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17515, living area = 2750.
This great home with a detached cottage, dating back to around 1935, epitomizes the charm of Black Point living with its breathtaking views. Nestled on a generous lot overlooking the Petaluma River, the main house boasts three bedrooms and two full bathrooms. The main level features a bedroom, a spacious living room with a fireplace, and a wall of windows adjoining the bright kitchen with an eat-in nook. The kitchen, with its tiled floors, opens onto an outdoor deck and front patio. The lower level completes the main house with two additional bedrooms and a full bath. Across the patio, a detached two-level cottage awaits, complete with a bedroom and a one-car garage. The lower level of the cottage includes a kitchen and bathroom that open onto the outdoor deck. The expansive lot offers numerous opportunities for outdoor enjoyment, including covered parking for vehicles and ample off-street parking. Conveniently located in Novato, close to the Petaluma River, and with easy access to the wine country and Sonoma County, this property is a must see!
No exterior & parking available.
Grades K-5 • 2.9 mi
Grades 6-8 • 5.2 mi
Grades 9-12 • 5.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,750 | 2,147 | 69% |
| Lot Size | 17,515 | 9,125.5 | 74% |
| Price | $1.08M | $1.13M | 46% |
| Price per sq ft | $392 | $570 | 11% |
| Built year | 1935 | 1974 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 245 | 193 | 76% |
Feb 6, 2026
$1,078,000
$1,127,000
-4% Price Drop
Initial Listing
Aug 20, 2025
$1,127,000
Initial Listing
Dec 30, 2010
$500,000
Public Record