
Novato, CA 94947
This Single Family Residence presents a Strong Value Opportunity, listed at $1,249,000—positioned well below the $1,287,414 Fair Market Value by 2%. This valuation gap offers $38,414 in Instant Equity. With a Condition Rating of 3, the home features modern updates and a large 0.38-acre lot with a wrap-around deck. Its proximity to Lu Sutton Elementary and downtown Novato provides a balance of tranquility and convenience, making it an ideal acquisition for Owner-Occupants or first-time buyers seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16 Figtree Lane Subject | $1,249,000* List Price | 3 | 3 | 2,234 | $576 | - |
A 395 Ridge Road Sold | $1,359,500 | 3 | 3 | 2,253 | $603 | 0.9 mi |
B 2094 Center Road Sold | $975,000 | 4 | 2 | 2,337 | $417 | 0.7 mi |
C 80 Leland Drive Sold | $1,149,000 List Price | 3 | 2 | 1,702 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1988 (36 years old), the home has been significantly updated and exceptionally well-maintained. Interior photos show modern wide-plank flooring, fresh neutral paint, updated lighting fixtures, and a refreshed kitchen with white shaker-style cabinetry. The property appears move-in ready with no visible deferred maintenance, fitting the criteria for a well-maintained home with 5-15 year old renovations.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16614, living area = 2234.
The rare 0.38-acre flat lot provides exceptional usable outdoor space for gardening, recreation, or potential expansion, which is a highly sought-after asset in the Novato market.
Situated on a private, minimal-traffic lane while remaining within walking distance to Lu Sutton Elementary and downtown amenities, offering a perfect balance of tranquility and convenience.
With the same owner since 1996, the interior likely requires cosmetic updates and modernizations to meet the expectations of contemporary buyers at this price point.
At 2,234 square feet, a three-bedroom configuration may feel under-optimized for larger families who typically look for four or more bedrooms in a home of this size.
Tucked away on a peaceful, cul-de-sac-like lane shared by only a handful of homes, this well cared for 3-bedroom, 3-bath Novato residence offers the rare combination of privacy, convenience, and truly usable outdoor space. Set on a large, flat 0.38-acre lot, the property feels open, calm, and inviting from the moment you arrive. Designed for easy indoor-outdoor living, the home opens through French doors to a covered deck that wraps around three sides of the house, creating a natural extension of the living space and an ideal setting for morning coffee, outdoor dining, entertaining, or simply enjoying the quiet. The generous lot offers room to garden, play, relax, or imagine future possibilities. Loved by the same owner since 1996, the home has a warm, comfortable feel and a setting that is increasingly hard to find. Figtree Lane offers a quiet residential atmosphere with minimal traffic, while still keeping you close to everyday Novato conveniences. Lu Sutton Elementary School is within walking distance, yet far enough away to preserve the peaceful feel of the property. Downtown Novato is also approximately a 20-minute walk away, offering access to shops, restaurants, cafes, and community amenities. With three bedrooms, three bathrooms, a large flat lot, inviting outdoor living areas, and a tucked-away location close to town, this home offers the kind of livability that works beautifully today, with room to grow into tomorrow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 39% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,234 | 2,005 | 61% |
| Lot Size | 16,614 | 10,921 | 76% |
| Price | $1.25M | $1.16M | 68% |
| Price per sq ft | $559 | $584 | 42% |
| Built year | 1988 | 1965 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 158 | 3% |
May 21, 2026
$1,249,000
Initial Listing
Sep 30, 1997
$370,000
Public Record