NOT LISTED FOR SALE

1540 Center Rd Unit 275 Novato, CA 94947

Central Novato Neighborhood

Estimated Value: $320,000 - $341,000

1 Bed
1 Bath
584 Sq Ft
$491/mo HOA Fee

Last Sold May 31, 2024

Last sale price $305,000 $522 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,609/month

55 Days on Market

Highlights

  • Contemporary Architecture
  • Adjacent to Greenbelt
  • Community Pool
  • Novato High School Rated A-
  • Living Room with Attached Deck
  • Walk-In Pantry

About This Home

As of May 2024

Lowest priced condo in Novato! Awesome 2nd floor 1-bedroom condo at Center Place with elevator and parking. Living room/dining room combo opens to balcony and views. Galley kitchen with eating bar. Laminate flooring throughout. Lots of natural light. Cool off in the community pool. 1 Car Parking space in gated garage + storage closet. Common laundry room is close by. Convenient location near Nave Shopping Center's and Tresch Plaza shops & restaurants. HOA dues $491/mo include water and trash. Great first time home buyer opportunity in Marin County. Owner Occupancy is not required so also perfect for 1031 investors.

Last Agent to Sell the Property

Stacy Lynch

Compass License #01847706 Listed on: 03/29/2024

Compass

Co-Listed By

Vince Sheehan

Marin's Finest License #00572798

Last Buyer's Agent

Hilary Davis

Bay Area Modern Real Estate License #01324327

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1975

Lot Details

  • Adjacent to Greenbelt

HOA Fees

  • $491 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 584 Sq Ft Home
  • 1-Story Property
  • Formal Entry
  • Living Room with Attached Deck
  • Combination Dining and Living Room
  • Storage Room
  • Laminate Flooring
  • Security Gate

Kitchen

  • Breakfast Bar
  • Walk-In Pantry
  • Free-Standing Electric Oven
  • Range Hood
  • Dishwasher
  • Laminate Countertops
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Bathtub with Shower

Outdoor Features

  • Solar Heated Pool
  • Balcony

Utilities

  • No Cooling
  • Baseboard Heating
  • 220 Volts in Kitchen

Listing and Financial Details

  • Assessor Parcel Number 140-400-75

Community Details

Overview

  • Association fees include common areas, elevator, insurance on structure, maintenance exterior, ground maintenance, management, pool, roof, sewer, trash, water
  • Center Place HOA, Phone Number (415) 332-7900
  • Greenbelt

Recreation

  • Community Pool

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 1975

Lot Details

0

HOA Fees

$491 per month

Parking

1

Listing Details

  • Interior Amenities: Formal Entry
  • Type: Residential
  • Property Sub Type: Condominium
  • Subtype Description: Attached
  • Directions To Property: South Novato to Center Rd to #1540 Center Rd.
  • Lot Size Acres: 0.0165
  • Stories: 1
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Oven, Free Standing Refrigerator, Hood Over Range
  • Bedrooms: 1
  • Full Bathrooms: 1
  • Dining Room Features: Dining Bar, Dining/Living Combo
  • Living Room Features: Deck Attached
  • Flooring: Laminate
  • Square Footage: 584.00
  • Bathroom Features: Tub w/Shower Over
  • Bathrooms: 1
  • Kitchen Features: Laminate Counter, Pantry Closet
  • Room Type: Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Storage
  • Main Level: Bedroom(s), Dining Room, Full Bath(s), Kitchen, Living Room

Exterior Features

  • Construction Materials: Stucco
  • Lot Features: Greenbelt
  • ExteriorFeatures: Balcony
  • Pool Features: Common Facility, Solar Heat

Garage/Parking

  • Parking Features: Assigned, Attached, Covered, Garage Door Opener
  • Total Parking Spaces: 1.00
  • Garage Spaces: 1.00
  • Driveway/Sidewalks: Paved Driveway, Paved Sidewalk

Utilities

  • Cooling: None
  • Electric: 220 Volts in Kitchen
  • Security Features: Carbon Mon Detector, Security Gate, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Electric, Public
  • Water Source: Public
  • Heating: Baseboard, Electric
  • Laundry Features: Other, See Remarks

Association/Amenities

  • Unit: 275
  • Association Features: Greenbelt, Pool

Condo/Co-op/Association

  • Association Fee: 491
  • Association Fee Frequency: Monthly
  • Association Name: Center Place HOA
  • Association Phone: (415) 332-7900
  • Location of Unit: Unit Above, Unit Below

Fee Information

  • Association Fee Includes: Common Areas, Elevator, Insurance on Structure, Maintenance Exterior, Maintenance Grounds, Management, Pool, Roof, Sewer, Trash, Water

Schools

  • Middle/Junior School District: Novato Unified

Lot Info

  • Assessor Parcel Number: 140-400-75
  • Lot Size Sq Ft: 719.00

Building Info

  • Year Built: 1975

MLS Schools

  • Senior High School District: Novato Unified
  • School District (County): Marin

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 28, 2024
Sold by
Gharai Gholamreza
Bought by
Edgecombe-Casey Lesley Sharon
Seller's Agent
Stacy Lynch
Compass
Buyer's Agent
Hilary Davis
Bay Area Modern Real Estate
List Price
$319,000
Sold Price
$305,000
Premium/Discount to List
-$14,000
-4.39%
Views
85
Current Estimated Value
$331,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,898
Avg. Annual Appreciation
5.22%
Original Mortgage
$137,250
Outstanding Balance
$135,039
Interest Rate
7.1%
Mortgage Type
New Conventional
Estimated Equity
$196,859

Purchase Details

Closed on
Mar 26, 2023
Sold by
Inter-Vivos Gholamreza Gharai Revocable
Bought by
Gharai Gholamreza

Purchase Details

Closed on
Aug 8, 2020
Sold by
Gharai Gholamreza
Bought by
Gharai Gholamreza and Gholamreza Gharai Rev Inter Vi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Edgecombe-Casey Lesley Sharon $305,000 Old Republic Title
Gharai Gholamreza -- None Listed On Document
Gharai Gholamreza -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edgecombe-Casey Lesley Sharon $137,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold $305,000 -4.4% $522 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $319,000 -- $546 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,686 $311,100 $158,100 $153,000
2024 $4,579 $325,000 $162,500 $162,500
2023 $2,071 $112,587 $37,529 $75,058
2022 $2,017 $110,379 $36,793 $73,586
2021 $2,012 $108,214 $36,071 $72,143
2020 $1,990 $107,106 $35,702 $71,404
2019 $1,893 $105,006 $35,002 $70,004
2018 $1,854 $102,946 $34,315 $68,631
2017 $1,811 $100,929 $33,643 $67,286
2016 $1,691 $98,949 $32,983 $65,966
2015 $1,652 $97,464 $32,488 $64,976
2014 $1,589 $95,554 $31,851 $63,703
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Stacy Lynch

    Compass

    Section Image

  • V

    Seller Co-Listing Agent in 2024

    Vince Sheehan

    Marin's Finest

    Section Image
  • Hilary Davis

    Buyer's Agent in 2024

    Hilary Davis

    Bay Area Modern Real Estate

    (415) 235-3133

    1 in this area

    23 Total Sales

    Hilary Davis
    Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324021113

Bay Area Real Estate Information Services (BAREIS)

APN: 140-400-75

California Marin County Novato 94947 Central Novato

1540 Center Rd Unit 275, Novato, CA

Not Listed for Sale

Condos

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