48 Manzanita Avenue, Novato, CA 94945, Novato, 94945 - 4 bed, 3 bath

48 Manzanita Avenue, Novato, CA 94945 home-pic-0

48 Manzanita Avenue

Novato, CA 94945

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,750Sq Ft
17,515Lot Size

Property Price

LIST PRICE$1,078,000
EST. MARKET VALUE
$1,078,000

SUMMARY

Analysis of 48 Manzanita Avenue, Novato, CA 94945 reveals a Fairly Priced Property with a current list price of $1,078,000  aligned with the estimated $1,078,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Novato Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$1,078,000
Based on Realkey algorithm analyzing recent comparable sales in Novato.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
48 Manzanita Avenue
Subject
$1,078,000*
List Price
432,750$392-
A
50 Oak Avenue
Sold
$820,000321,919$4270.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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.

PROSSTRENGTHS & OPPORTUNITIES

  • High Available Lot Utilization

    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.

CONSRISKS & DEFICIENCIES

About 48 Manzanita Avenue

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!

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1935
Lot Size
17,515 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Novato Unified Schools

Olive Elementary School

Grades K-5 • 2.9 mi

6/10

Sinaloa Middle School

Grades 6-8 • 5.2 mi

6/10

San Marin High School

Grades 9-12 • 5.9 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.04.0
50%
Baths3.03.0
50%
Square foot2,7502,140
68%
Lot Size17,5159,901
70%
Price$1.08M$1.08M
49%
Price per sq ft$392$568
9%
Built year19351974
5%
HOA$0$0
50%
Days on market199183
58%

Pricing History

Listed for Sale

Feb 6, 2026

$1,078,000

$1,127,000

-4% Price Drop

Initial Listing

Price Change

Aug 20, 2025

$1,127,000

Initial Listing

Sold

Dec 30, 2010

$500,000

Public Record

Browse Properties by State Browse housing market trends by state