Property Overview:
1583 Merritt Dr is a multi-family duplex in Novato, CA 94949, built in 1979. The property features 4 bedrooms, 2 bathrooms, a 2,544 sq. ft. living area, and sits on a 9,401 sq. ft. lot. Each unit is a 2BR/1.5BA townhouse (approx. 1,272 sq. ft. per unit) with a 1-car garage, separate laundry room, forced air heating, and individual water heaters. Both units are vacant as of 11/15/24 and have recent upgrades. The estimated market value ranges from $1,023,000 to $1,110,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 2.8% (well below state average of 11.8%)
- Property crime risk: 5.2% (below state average of 10.8%)
- Overall crime risk: Low
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Schools:
- Nearby schools: Lynwood Elementary, San Jose Intermediate, Novato High, Nova Education Center
- Average SAT score: 1094 (higher than state average of 975)
- Schools rated excellent
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Job Market:
- 63% white-collar jobs, 37% blue-collar jobs
- Unemployment rate: 2.2% (lower than state average of 4.7%)
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Demographics:
- Population: 17,273 (1% growth since 2000)
- 69% families with children
- Largest age group: 45-54 years (14.93%), followed by 35-44 years (14.64%)
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Natural Disaster Risk:
- Very high earthquake risk
- Very low tornado risk
- Minimal/low flood risk
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Weather:
- Average temperature: 54.5°F (January), 75.4°F (July)
- Average rainfall: 16.0 inches/year
- Average snowfall: 0 inches/year
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Cost of Living:
- Median household income: $79,550
- Average annual spending: $58,871
Property Features:
- Side-by-side duplex in the Sunset Hills Subdivision (Ignacio - South Novato)
- Townhouse design: Each unit is 2BR/1.5BA, approx. 1,272 sq. ft.
- 1-car garage per unit, separate laundry rooms
- Forced air heating and individual water heaters
- Fenced-in backyard areas for each apartment
- Separately metered; tenants pay their own PG&E
- Both units vacant and ready to move in
- Many recent upgrades
- Great for owner-occupant or investment
- Close to HWY 101, schools, shops, and restaurants
Location Benefits:
- Commuter-friendly: Easy access to HWY 101
- Excellent schools nearby
- Safe, family-oriented community
- Low crime and disaster risk (except earthquakes)
- Strong job market and high median income
- Ideal for families or investors seeking a move-in ready duplex