12 Oak Grove Drive #103, Novato, CA 94949, Novato, 94949 - 2 bed, 1 bath
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Novato, CA 94949
This 55+ Villa Entrada Condo is a Strong Value Opportunity, listed at $499,000—positioned well above the $475,087 Fair Market Value by 5%. While the property carries a premium, it offers a Good Condition Rating with modern upgrades like beachy laminate flooring and a renovated bathroom. Featuring a private gated patio, A/C, and in-unit laundry, this ground-floor unit provides a turnkey lifestyle. Due to strict income and resale restrictions, this property is best suited for Owner-Occupants seeking a stable, accessible, and low-maintenance residence in a serene community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12 Oak Grove Drive #103 Subject | $499,000* List Price | 2 | 1 | 1,113 | $427 | - |
A 510 Entrada Drive 203 Sold | $380,000 | 2 | 1 | 1,095 | $347 | 0.2 mi |
B 122 Posada Del Sol Sold | $398,000 | 2 | 2 | 1,128 | $353 | 0.8 mi |
C 74 Hector Lane Active | $485,000 List Price | 2 | 1 | 900 | $539 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this 20-year-old property is well-maintained and move-in ready. It features recent updates including 'almost new' laminate flooring and a recently installed tub and surround. While the kitchen cabinetry appears to be the original 2004 style, the inclusion of A/C, inside laundry, and the overall mint condition of the surfaces places it firmly in the Good category.
The home features high ceilings, stylish new beachy laminate flooring, and a recently updated bathroom, offering a bright and move-in-ready aesthetic.
As a ground-floor, one-level end unit, this property provides excellent accessibility and convenience, which is highly desirable for the 55+ demographic.
Equipped with air conditioning, in-unit laundry, plantation shutters, and a private gated patio overlooking a serene courtyard fountain.
Strict buyer income limits and future resale price restrictions significantly limit the pool of potential buyers and the property's long-term investment appreciation.
The monthly association fee of $697 represents a significant recurring expense that may impact affordability for residents on fixed incomes.
Superbly located one level condo at 55+ Villa Entrada. This 1113 sq ft ground floor home is super sunny, very spacious, and stylish, with almost new beachy-style laminate flooring throughout, as well as a recently installed tub and surround. The high ceilings really bring out the space, and the window seat brings in the gratifying views of the open courtyard with fountain. A 2BR and 1BA end unit offers a pleasant gated patio; plantation shutters; A/C; inside laundry and plenty of storage (both inside and in the carport). Buyer's gross annual income cannot exceed: $168,600/yr for 1-person household (hh); $192,800/yr for 2-person hh. Property must be owner-occupied, and future resale amount is restricted
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 25% |
| Square foot | 1,113 | 1,087.5 | 58% |
| Lot Size | 1,115 | 1,004 | 58% |
| Price | $499.0K | $489.5K | 50% |
| Price per sq ft | $448 | $479 | 50% |
| Built year | 2004 | 1987 | 67% |
| HOA | $697 | $682 | 75% |
| Days on market | 26 | 207 | 8% |
May 11, 2026
$499,000
Initial Listing
Apr 4, 2025
$505,000
Public Record
Aug 14, 2008
$342,000
Public Record
Aug 17, 2004
$277,000
Public Record