
Novato, CA 94947
This Single-Level Residential Home is a Strong Value Opportunity, listed at $1,099,999—positioned well below the $1,095,264 Fair Market Value (Note: Market is stable/fairly priced). The property maintains a Good Condition Rating, featuring a durable metal roof, air conditioning, and a renovated primary suite. With an unusually wide lot offering ADU potential and RV/boat parking, this home provides rare versatility. It is an ideal acquisition for Owner-Occupants seeking long-term accessibility or savvy investors looking for a high-utility asset in central Novato.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 81 Drakewood Lane Subject | $1,099,999* List Price | 4 | 3 | 1,549 | $707 | - |
A 34 Balra Drive Sold | $1,150,000 | 3 | 2 | 1,528 | $753 | 0.1 mi |
B 1407 Dawes Sold | $1,100,000 | 3 | 2 | 1,278 | $861 | 0.3 mi |
C 555 Arthur Street Sold | $849,330 | 3 | 2 | 1,331 | $638 | 0.5 mi |
D 1171 Cambridge St Sold | $903,000 | 3 | 2 | 1,212 | $745 | 0.6 mi |
E 102 Adams Street Sold | $1,100,000 | 3 | 2 | 1,532 | $718 | 0.7 mi |
F 1164 Midway Court Sold | $1,425,000 | 3 | 3 | 1,962 | $726 | 0.7 mi |
G 534 Rowland Boulevard Active | $1,050,000 List Price | 4 | 2 | 1,398 | $751 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1965, the property is in move-in ready condition with significant updates including a newer metal roof, air conditioning, and fresh interior/exterior paint. The primary bathroom features a modern, high-quality renovation with a zero-clearance shower. While the kitchen is clean and functional with hardwood floors, the white appliances and cabinetry style suggest a slightly older renovation compared to the bathroom, placing it firmly in the 'Good' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7906, living area = 1549.
The home features a rare single-level floorplan with no stairs inside or out to the back deck, complemented by a zero-clearance primary shower, making it ideal for long-term accessibility.
The unusually wide lot includes a second gated paver driveway for RV or boat parking and offers significant ADU potential for future expansion or rental income.
With 1,549 square feet distributed across a four-bedroom layout, some individual rooms and living areas may feel compact for the price point.
The conversion of the fourth bedroom into an office may limit appeal for larger families requiring four distinct private sleeping quarters without further modification.
Views, an expansive lot, and forever-home appeal! Freshly painted inside and out, with upgrades including wood floors, a metal roof and air conditioning, 81 Drakewood Lane is move-in ready today. From the sunny redwood deck in front to the apple tree and gardens in back, you can tell this home has been cherished for decades. Homes this special are rarely available. The single-level floorplan has no stairs inside the house or out to the back deck, offering ease of living today and flexibility for the future. Enjoy Mount Burdell sunsets from the dining room and backyard. The primary suite features a built-in closet organizer and a tastefully updated bathroom, including a zero-clearance shower for added accessibility. A glass-paneled sliding door elevates the space. The unusually wide lot is a standout, with a second paver driveway providing gated parking for a boat, RV or commercial vehicle. The generous lot and existing improvements may also offer ADU potential, giving future owners even more flexibility for additional living space, The insulated garage includes a half bath, further expanding the possibilities for a home office, studio, gym, or workshop. The original four-bedroom layout was modified to create an office while retaining the closet. Minutes from the freeway in central Novato, yet incredibly quiet, 81 Drakewood combines convenience, space, views and versatility in a setting designed to work beautifully todayand evolve with you for years to come.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,549 | 2,048.556 |
| Lot Size | 7,906 | 10,147.097 |
| Price | $1.10M | $1.23M |
| Price per sq ft | $710 | $644 |
| Built year | 1965 | 1968 |
| HOA | $0 | $289 |
| Days on market | 10 | 43 |
Aug 30, 2026
$1,099,999
Initial Listing