719 Cherry Street, Novato, CA 94945, Novato, 94945 - 3 bed, 1 bath
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Novato, CA 94945
This Hybrid Value-Add Residence is a Strong Value Opportunity, listed at $719,000—positioned well below the $767,477 Fair Market Value by 6%. This valuation gap provides $48,477 in Instant Equity. The home maintains a Good Condition Rating with a 2011 Updated Kitchen and 2020 Updated Bathroom. Its Prime Walkable Location near downtown Novato and the SMART train is complemented by a 550 sq. ft. Detached Garage offering significant ADU Conversion Potential. This is an exceptional opportunity for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a high-utility asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 719 Cherry Street Subject | $719,000* List Price | 3 | 1 | 1,050 | $731 | - |
A 1012 2nd Street Sold | $930,000 | 3 | 3 | 1,444 | $644 | 0.6 mi |
B 6 Sherwood Place Pending | $897,000 List Price | 3 | 2 | 1,416 | $633 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1953, the property is well-maintained and move-in ready. The kitchen was updated in 2011 (13 years ago) and the bathroom in 2020 (4 years ago), fitting the criteria for a 'Good' rating based on renovation timelines. The detached garage offers ADU potential, though its secondary bathroom requires repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8882, living area = 1050.
The property is ideally situated in a highly desirable neighborhood within walking distance to Trader Joe's, Whole Foods, downtown Novato, and the SMART train station, offering exceptional lifestyle convenience.
The large 550 sq. ft. detached garage with existing plumbing provides a significant opportunity for a future Accessory Dwelling Unit (ADU) conversion, adding potential value and versatility.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1050, other record living area = 840. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The home features three bedrooms but only one bathroom, which may be a significant drawback for families or buyers accustomed to modern multi-bath layouts.
The bathroom in the detached garage has been out of use for several years, suggesting that restoring functionality or converting the space will require unknown repair costs and professional inspection.
Charming three bed, one bath home in a highly desirable neighborhood, conveniently located within walking distance to Trader Joe's, Whole Foods, the SMART train station, and downtown Novato, with easy access to Highway 101. The kitchen and bathroom were nicely updated in approximately 2011 and 2020, respectively. The spacious backyard offers endless possibilities and could be transformed into a beautiful outdoor retreat, garden or entertaining space. The property features a large (approx. 550 sq.ft.) detached garage that includes a full bathroom (which has been out of use for several years) but offers great potential as a starting point for a future ADU conversion; buyer to verify. Room for RV parking.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 1.0 | 2.0 | 3% |
| Square foot | 1,050 | 1,989 | 3% |
| Lot Size | 8,882 | 8,999 | 48% |
| Price | $719.0K | $1.13M | 14% |
| Price per sq ft | $685 | $577 | 76% |
| Built year | 1953 | 1973 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 142 | 3% |
May 5, 2026
$719,000
Initial Listing