530 Entrada Drive #202, Novato, CA 94949, Novato, 94949 - 1 bed, 1 bath
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530 Entrada Drive #202
Novato, CA 94949
ACTIVE
CONDITION: GOOD
1Beds
1Baths
878Sq Ft
880Lot Size
Property Price
LIST PRICE$430,000
EST. MARKET VALUE
$395,493
8% AboveMARKET VALUE
SUMMARY
This 55+ Villa Entrada Condominium is a Strong Value Opportunity, listed at $430,000—positioned well above the $403,864 Fair Market Value by 6%. While the property carries a premium, its Good Condition Rating and modern interior upgrades, including plank flooring and Elba closet organizers, ensure a move-in-ready experience. Featuring a large covered balcony and elevator access, this unit offers a refined lifestyle near Pacheco Plaza. Given the strict income and resale restrictions, this property is best suited for Retirees or Owner-Occupants seeking a stable, accessible community.
Estimated Market Value
$395,493
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 |
|---|---|---|---|---|---|---|
★ 530 Entrada Drive #202 Subject | $430,000* List Price | 1 | 1 | 878 | $450 | - |
A 12 Oak Grove Drive #103 Sold | $485,000 | 2 | 1 | 1,113 | $436 | 0.1 mi |
B 530 Entrada Drive #201 Active | $497,000 List Price | 2 | 1 | 1,050 | $473 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2004 (22 years old), the property is exceptionally well-maintained and move-in ready. It features recent updates including modern plank flooring and stainless steel appliances that likely fall within the 5-15 year renovation window. While the kitchen tile countertops are dated, the overall condition, updated closet systems, and functional HVAC make it a solid 'Good' rating.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
This top-floor unit features high-quality finishes including plank flooring, stainless steel appliances, and Elba closet organizers, offering a move-in-ready experience with premium touches.
- Prime Location & Convenience
Situated within walking distance to Pacheco Plaza for dining and shopping, the property offers exceptional convenience paired with essential amenities like in-unit laundry and elevator access.
- Spacious Single-Level Layout
The open floor plan and large covered balcony provide a sense of space and comfort, specifically designed for accessible, single-level living within a desirable 55+ community.
CONSRISKS & DEFICIENCIES
- Ownership & Resale Restrictions
The property is subject to strict buyer income limits and resale price restrictions, which significantly limits the pool of eligible buyers and the potential for long-term capital appreciation.
- High Monthly Carrying Costs
At $654 per month, the association fee is relatively high for a one-bedroom unit, which may impact the monthly budget for retirees on a fixed income.
About 530 Entrada Drive #202
Delightful, sunny and spacious 1BR/1BA top floor condo at 55+ Villa Entrada. The open floor plan offers pretty plank flooring throughout; stainless steel appliances in kitchen; air conditioning; automatic up-down blinds; inside laundry; covered big balcony; roomy storage; Elba closet organizers, all on ONE LEVEL with elevator access. Pacheco Plaza nearby for fine grocery shopping, dining and coffee house. Buyer's gross annual income cannot exceed: $168,600/yr for 1-person household (hh); $192,800/yr for 2-person hh. Property must be owner-occupied, and future resale amount is restricted. Pet size weight limit is 25 lbs.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2004
- Lot Size
- 880 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $654 / Month
Neighborhood Insights
Novato Unified Schools
Loma Verde Elementary School
Grades K-5 • 0.3 mi
5/10
Novato High School
Grades 9-12 • 2.2 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.3 |
| Baths | 1.0 | 1.9 |
| Square foot | 878 | 1,114.875 |
| Lot Size | 880 | 1,238.25 |
| Price | $430.0K | $524.3K |
| Price per sq ft | $490 | $463 |
| Built year | 2004 | 1981 |
| HOA | $654 | $564 |
| Days on market | 36 | 54 |
Pricing History
Listed for Sale
Aug 4, 2026
$430,000
Initial Listing
Sold
Aug 23, 2019
$323,000
Public Record
Sold
Aug 11, 2006
$295,000
Public Record
Sold
Jan 4, 2005
$231,000
Public Record