581 Louis Drive, Novato, CA 94945, Novato, 94945 - 3 bed, 1 bath
ACTIVE$599,000$972/sqft
Est. Value: $576,345
-3%
AboveEstimate
581 Louis Drive, Novato, CA 94945
3Beds
1Bath
972Sqft
6,669Lot
Price Vs. Estimate
The estimated value ($576,344.89) is $22,655.11 (3%) lower than the list price ($599,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Novato Location: Situated in a desirable Novato neighborhood with convenient access to shopping, dining, and Highway 101 for easy commuting, enhancing its long-term appeal.
Top Cons:
Extensive Renovation Required: Described as a 'Fantastic Fixer Opportunity,' indicating the property is in need of significant updates, repairs, and modernization, requiring substantial upfront investment.
Compared to the nearby listings
Price:$599.0K vs avg $1.01M ($-413,000)13%
Size:972 sqft vs avg 1,989.5 sqft5%
Price/sqft:$616 vs avg $57866%
More Insights
Built in 1952 (74 years old).
Condition: Built in 1952 and explicitly described as a 'Fantastic Fixer Opportunity,' this property requires substantial rehabilitation. The images reveal severely damaged and non-functional kitchen and bathroom areas with exposed ceilings, subflooring, and extremely outdated fixtures. While other rooms have hardwood floors, the overall condition indicates significant deferred maintenance and the need for extensive system replacements and repairs throughout the home, making it unsafe and uncomfortable to live in its current state.
Year Built
1952
Close
-
List price
$599K
Original List price
-
Price/Sqft
$616
HOA
$0
Days on market
-
Sold On
-
MLS number
325081227
Home ConditionPoor
Features
Good View:
Patio
View-
About this home
Back on the market. Fantastic Fixer Opportunity in Prime Novato Location! Attention investors, contractors, and handy buyers this 3-bedroom home offers strong potential in a desirable Novato neighborhood. Located close to shopping, dining, and Highway 101 for easy commuting. The property features a spacious backyard with beautiful views of Slade Park and plenty of room to add an ADU. A rare chance to create value in a sought-after area. Don't miss it! Sale of property is pending court approval.
C
Clarence Chavis
Listing Agent
Condition Rating
Poor
Built in 1952 and explicitly described as a 'Fantastic Fixer Opportunity,' this property requires substantial rehabilitation. The images reveal severely damaged and non-functional kitchen and bathroom areas with exposed ceilings, subflooring, and extremely outdated fixtures. While other rooms have hardwood floors, the overall condition indicates significant deferred maintenance and the need for extensive system replacements and repairs throughout the home, making it unsafe and uncomfortable to live in its current state.
Pros & Cons
Pros
Prime Novato Location: Situated in a desirable Novato neighborhood with convenient access to shopping, dining, and Highway 101 for easy commuting, enhancing its long-term appeal.
Significant Value-Add Potential: Explicitly marketed as a 'fixer opportunity' with 'strong potential,' appealing to buyers looking to customize, renovate, and build substantial equity.
ADU Development Opportunity: The spacious backyard offers ample room to add an Accessory Dwelling Unit (ADU), providing potential for rental income, extended family living, or increased property value.
Desirable Outdoor Space & Views: Features a spacious backyard with beautiful views of Slade Park, enhancing the property's appeal for outdoor enjoyment and potential landscaping projects.
Investor/Contractor Appeal: The property's 'fixer' status and clear potential for value creation make it highly attractive to investors, contractors, and handy buyers seeking a project.
Cons
Extensive Renovation Required: Described as a 'Fantastic Fixer Opportunity,' indicating the property is in need of significant updates, repairs, and modernization, requiring substantial upfront investment.
Court Approval Contingency: The sale is 'pending court approval,' which can lead to extended closing timelines, potential procedural complexities, and uncertainty in the transaction process.
Outdated Condition & Limited Bathrooms: Built in 1952, the home likely features outdated systems and finishes, and with only one bathroom for three bedrooms, it may not meet modern family needs without significant renovation.