For What It's Worth: Novato's 2.5 Million Dollar Listing
Marin Agents Seek Top Dollar for Estate in Indian Valley
NOVATO, Calif., Nov. 3, 2016 /PRNewswire/ -- 'Affordability' and Marin County don't tend to frequent the same line of thought - or text even. With unrivaled surrounds, luxury homes, quality education and San Francisco at its doorstep, Marin County is the definition of desirable, with price tags to match. Novato, the burgeoning community tucked away from pricier neighboring zip codes to the south, is making its way up the luxury ladder with a benchmark new listing: 177 Pacheco Ave, asking $2.5 million.
The custom-built, Mediterranean-style home located on a verdant hilltop in Indian Valley is one of the city's premiere luxury estates, and it's worth every penny. With a nearly 90,000 square foot lot, panoramic views and approximately 5,207 square feet of living space including four bedrooms and four and one-half bathrooms, the estate offers serious luxe-factor, 'approachably' priced. Listing agents Susan Hewitt and CJ Nakagawa of Decker Bullock Sotheby's International Realty are targeting savvy home-buyers looking for more bang for their buck, and have priced the home accordingly. For buyers outside the area entering Marin County, the price tag may seem far from welcoming, but it's all relative.
Consider this: relative values of large single family homes sold this year in Marin of similar lot size, square footage and bedroom/bath count vary dramatically; from $5-13 million in Southern Marin, to $5-7 million in Ross and Kentfield, to $2-4 million in San Rafael and Novato. Southern Marin's proximity to San Francisco and exclusivity warrant the pricing, as do the leafy enclaves of Ross Valley. Yet for the savvy buyer seeking affordable luxury without sacrificing the amenities and lifestyle Marin-dwellers are accustomed to, living a bit further north makes a lot of sense.
"177 Pacheco was built to the highest standards; the quality is unlike any other house in Novato I've seen," says Nakagawa. "If this same house was in Southern Marin with comparable views and conveniently laid out floorplan, it would easily sell for $1,000 per square foot. If it were in Tiburon, I'd price it at $5,250,000." That said, it puts relative values in perspective. For some, the value for luxe-living in Novato is increasingly attractive and 117 Pacheco is at the top of their list.
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About Decker Bullock Sotheby's International Realty:
Decker Bullock Sotheby's International Realty, the largest Marin County Broker by sales volume, has approximately 180 agents in nine Marin County offices, including locations from Sausalito to Novato, downtown Tiburon and Mill Valley, Southern Marin, Ross Valley, Greenbrae, San Rafael and Stinson Beach. The underlying corporation was founded in 1991, and is celebrating its 25th anniversary in 2016. For more information, please visit deckerbullocksir.com
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SOURCE Decker Bullock Sotheby's International Realty
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