844 Reichert Avenue Unit 11, Novato, CA 94945, Novato, 94945 - 2 bed, 2 bath
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844 Reichert Avenue Unit 11
Novato, CA 94945
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,348Sq Ft
2,400Lot Size
Property Price
LIST PRICE$610,000
EST. MARKET VALUE
$644,487
5% BelowMARKET VALUE
SUMMARY
This Move-In Ready Condominium is a Strong Value Opportunity, listed at $649,000—positioned slightly above the $646,011 Fair Market Value. While priced at market, the property offers a stable acquisition in a prime location. Featuring a Good Condition Rating, the home includes a private back patio, updated laminate flooring, and a tandem garage with workshop potential. Its proximity to the SMART train and Highway 101 ensures high demand. This is an ideal purchase for Owner-Occupants seeking convenience or first-time buyers prioritizing a turnkey lifestyle.
Estimated Market Value
$644,487+$34,487 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 844 Reichert Avenue Unit 11 Subject 2 bd · 2 ba · 1,348 sqft · $478 | $610,000* List Price | 2 | 2 | 1,348 | $478 | - |
A 1432 Elm Drive Active 3 bd · 2 ba · 1,360 sqft · $403 · 0.5 mi | $548,000 List Price | 3 | 2 | 1,360 | $403 | 0.5 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 1978 but features significant updates that make it move-in ready. The kitchen has been renovated with stainless steel appliances and stone countertops (likely 5-15 years old), and the living areas feature updated laminate flooring and fresh paint. While some elements like the fireplace tile and wood railings are dated, the systems mentioned (new garage motor) and overall maintenance level meet the 'Good' criteria.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
Situated near Old Town Novato, the property offers exceptional convenience with immediate access to Whole Foods, Costco, the SMART train station, and Highway 101.
- Functional Layout and Storage
The generous 1,348 sqft floor plan features walk-in closets in both bedrooms and a tandem garage that provides versatile space for a workshop or significant extra storage.
- Move-In Ready Updates
Recent improvements including fresh interior paint and a new garage door motor, paired with recent HOA exterior painting, ensure a well-maintained and refreshed aesthetic.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The monthly association fee of $886 is notably high, which may impact buyer affordability and overall debt-to-income ratios for financing.
- Dated Bathroom Configuration
The 1978 multi-level design utilizes a shared tub and shower area between individual vanities, a layout that lacks the privacy of modern dual-suite arrangements.
About 844 Reichert Avenue Unit 11
$40k price reduction! Motivated Sellers!Set on a tree covered hillside near Old Town Novato, 844 Reichert #11 offers a peaceful setting with everyday conveniences close by. This multi-level condo features two bedrooms, one and a half baths, and 1,348 square feet of living space. A sunny kitchen connects to the dining room, while the step down living room pairs a wood burning fireplace with access to a private back patio. A powder room completes the main level. Upstairs, both bedrooms feature walk in closets and individual vanity areas with a shared tub and shower. Full size laundry machines are included. The tandem garage offers extra storage or workshop space. Fresh interior paint, a new garage door and motor, and HOA exterior painting add to the recent updates. Whole Foods, Trader Joe's, Costco, the SMART train station, and Highway 101 are within easy reach. Yours to love....
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1978
- Lot Size
- 2,400 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $886 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.2 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,348 | 1,118 |
| Lot Size | 2,400 | 1,209.857 |
| Price | $610.0K | $517.8K |
| Price per sq ft | $453 | $458 |
| Built year | 1978 | 1980 |
| HOA | $886 | $535 |
| Days on market | 23 | 61 |
Pricing History
Listed for Sale
Oct 11, 2026
$610,000
$649,000
-6% Price Drop
Initial Listing
Price Change
Oct 1, 2026
$649,000
Initial Listing