26 Mather Court, Novato, CA 94949, Novato, 94949 - 3 bed, 2 bath
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Novato, CA 94949
This Spacious End-Unit Townhouse represents a Strong Value Opportunity, listed at $477,200—positioned well below the $513,305 Fair Market Value by 7%. This valuation gap provides $36,105 in Instant Equity for qualified buyers. Featuring a Fair Condition Rating with fresh paint and a private patio, the home offers a turnkey lifestyle near the Smart Train. Due to strict deed restrictions, this property is exclusively suited for Owner-Occupants who meet specific income requirements, making it an ideal choice for first-time buyers seeking long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26 Mather Court Subject | $477,200* List Price | 3 | 2 | 1,406 | $365 | - |
A 117 Captain Nurse Circle Sold | $432,289 | 2 | 2 | 1,066 | $406 | 0.3 mi |
B 230 Pelican Lane Sold | $615,000 | 3 | 3 | 1,731 | $355 | 0.9 mi |
C 122 Posada Del Sol Sold | $398,000 | 2 | 2 | 1,128 | $353 | 0.7 mi |
D 84 Captain Nurse Circle Pending | $599,000 List Price | 3 | 3 | 1,396 | $429 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2003, the property is approximately 21-23 years old, placing it just into the 'Fair' category based on age. While the interior features fresh paint and appears very well-maintained and move-in ready, the visible finishes (laundry cabinetry and flooring) are original to the build date and dated. Major systems and appliances are likely approaching the end of their typical functional lifespan.
As an end-unit townhouse situated in a quiet cul-de-sac, the property offers enhanced privacy, additional natural light, and desirable outdoor porch spaces.
The home is ideally located near major shopping, dining, and the Smart Train, providing a convenient lifestyle for commuters and local residents alike.
Built in 2003 and featuring fresh interior paint and included appliances, this spacious 3-bedroom home is move-in ready with modern conveniences like inside laundry.
The property is subject to deed restrictions that limit the buyer's income and cap the future resale value, significantly impacting long-term equity growth.
Mandatory owner-occupancy requirements and specific household income ceilings exclude investors and higher-income buyers, which may narrow the field of eligible applicants.
Airy, spacious and light end unit townhouse-style condo with 3 bedrooms and 2 baths. Fresh interior paint, A/C--Yay!!, inside laundry, gas stove, all appliances included, in a pleasant cul-de-sac location with sunny front and back porches, close proximity to shopping, dining, an easy commute and the Smart Train. Per recorded deed restriction, buyer's gross annual income cannot exceed: $110,300/yr for 1-person household; $126,100/yr 2-pers; $141,800/yr 3-pers; $157,600/yr 4-pers; $170,200/yr 5-pers. Home must be owner-occupied and future resale amount is restricted.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,406 | - |
| Lot Size | 971 | - |
| Price | $477.2K | $493.4K |
| Price per sq ft | $339 | $487 |
| Built year | 2003 | 0 |
| HOA | $442 | $0 |
| Days on market | 9 | 49 |
Jul 13, 2026
$477,200
Initial Listing
Feb 7, 2013
$240,500
Public Record