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$785,000   Price Analysis
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1645 Merritt Dr
Novato, CA 94949
5 bed None bath 2,206 SqFt ($355/SqFt)
7,802SqFt lot. Built 1965
Listed 2024-04-26, Taxes $7,868
Ⓧ USDA Ineligible
due to price & location

near Novato

Embrace Opportunity: Dive into this Novato Gem!

* No Longer For Sale *
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This single-level duplex offers an exc iting prospect for investors or DIY enthusiasts ready to roll up their sleeves. Conveniently situated in Novato, it comprises a generous 3-bedroom, 2-bathroom unit alongside a cozy 2-bedroom, 1.5-bathroom unit fetching a combined monthly income of $5, 040. This property can flourish with some imagination and decent elbow grease, promising a lucrative ROI.

Whether you're a seasoned nvestor or a homeowner seeking passive income, this duplex holds immense potential. Picture the possibilities: renovate interiors, upgrade amenities or explore expansion opportunities. Nestled in a sought-after neighborhood, tenants will appreciate nearby conveniences, schools and transportation access. Seize the moment to invest in Novato's real estate market. Don't miss this chance to transform this duplex into a profitable venture. Schedule a viewing today and envision the future potential of this Novato gem!


Presented by Eric Blomendale at
Coldwell Banker Realty.
Listing Agent Photo

Property MLS #324030243 from Bareis

Bedrooms: 5

Dishwasher
Disposal
Free Standing Electric Range
Free Standing Refrigerator
Microwave
Laundry Features: Washer/Dryer Hookups

Heating Features: Natural Gas

Flooring: Carpet, Linoleum, Simulated Wood, Tile

Lot Description: Corner, Private
Lot Size Acres: 0.1791
Lot Size Square Feet: 7801

Garage Spaces: 2
Parking Features: Garage, Off Street
Parking Total: 4

Association: No
Calculated Total Monthly Association Fees: 0

Number of Buildings: 1
Number of Units: 2
Number of 2 Bedroom Units: 1
Number of 3 Bedroom Units: 1
Full Bathrooms in the 1 Bedroom Units: 2
Full Bathrooms in the 2 Bedroom Units: 1
Half Bathrooms in the 2 Bedroom Units: 1
Unit-1 Description: Spacious ranch-style layout with patio and private laundry room in garage

Elementary School: Novato Unified
High School District: Novato Unified
School District: Marin
Middle or Junior School District: Novato Unified

Lynwood Elementary School is a public elementary school located approximately 0.8 miles away.
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Novato High School is a public high school located approximately 1 miles away.
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San Jose Intermediate is a public middle school located approximately 0.1 miles away.
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Good Shepherd Lutheran is a private elementary and middle school located approximately 0.7 miles away.
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Tenant Pays: Cable TV, Electricity, Gas

Source Listing Status: Closed
County: Marin
Cross Street: Sunset
Directions: 101 to Ignacio right on Sunset right on Merritt Dr.
Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2024 Rapattoni Corporation. All rights reserved. U.S. Patent 6, 910, 045
Source Property Type: Residential Income
Area: Novato
Source Neighborhood: Novato
Postal Code Plus 4: 4947
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$265,620 + $229,245
$494,865
$7,868
2021$260,412 + $224,751
$485,163
$7,854
2020$257,742 + $222,446
$480,188
$8,796
2019$252,689 + $218,085
$470,774
$8,424
2018$247,735 + $213,810
$461,545
$7,286
2017$242,879 + $209,618
$452,497
$7,144
2016$238,117 + $205,509
$443,626
$6,677
2015$234,541 + $202,422
$436,963
$6,555
2014$229,947 + $198,457
$428,404
$6,399
2013$228,909 + $197,562
$426,471
$6,342
2012$224,421 + $193,688
$418,109
$6,260
2010$220,021 + $189,891
$409,912
$6,060
2009$218,897 + $188,921
$407,818
$5,960
2009$218,378 + $188,472
$406,850
$5,960
2008$214,605 + $185,216
$399,821
$5,609
2006$210,398 + $181,585
$391,983
$5,347

Sold 2024-05-03
$785,000
Bareis
Listed 2024-04-26
$699,000
Bareis
Sold 1999-01-29
$335,000
Public Record
Sold 1986-05-02
$163,000
Public Record

Total Square Feet Living: 2206
Year Built: 1965
Construction Materials: Ceiling Insulation, Partial Insulation, Stucco, Wood
Foundation Details: Concrete Perimeter
Levels: One
Property Age: 59
Property Condition: Fixer
Roof: Composition
Architectural Style: Ranch

Electric: 220 Volts
Sewer: Sewer Connected
Cable Available
Electric
Natural Gas Connected
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.