262 Captain Nurse Circle, Novato, CA 94949, Novato, 94949 - 3 bed, 3 bath
Loading property details...
Novato, CA 94949
This Townhouse-Style Condominium represents a High-Potential Investment Opportunity, listed at $392,933—positioned well below the $456,909 Fair Market Value by 14%. This valuation gap offers $63,976 in Instant Equity for qualified buyers. Featuring a Pristine Condition Rating and a private Patio, this move-in ready home offers immediate comfort near the Smart Train. Due to strict income and occupancy deed restrictions, this property is an ideal acquisition for Income-Qualified Buyers or first-time buyers seeking an affordable entry into the Marin County market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 262 Captain Nurse Circle Subject | $392,933* List Price | 3 | 3 | 1,396 | $327 | - |
A 31 Crissy Place Sold | $304,500 | 2 | 2 | 1,066 | $286 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2004, this property is approximately 20 years old and remains in pristine, move-in ready condition. While the kitchen and bathrooms feature original oak cabinetry and white appliances that are stylistically dated, they are exceptionally well-maintained with no visible maintenance needs.
Priced significantly below the median for Marin County, this property offers a rare entry point into homeownership in a high-demand market.
The home is maintained in pristine condition and includes all appliances, providing a move-in ready experience without the need for immediate capital improvements.
As a townhouse-style end unit, the property benefits from increased privacy and natural light compared to interior units, while being ideally located near the Smart Train and local amenities.
Strict income caps and owner-occupancy mandates significantly limit the pool of potential buyers to those meeting specific financial criteria.
The recorded deed restriction on future resale amounts prevents the owner from realizing full market-rate appreciation, capping long-term investment potential.
You'll love this tucked away delight at Meadowpark. A townhouse-style end unit condo with 3 bedrooms, 2.5 baths, 1396 sq ft, in pristine condition. Inside laundry, gas stove, all appliances included. A quiet location with close proximity to shopping, dining, an easy commute and the Smart Train. Per recorded deed restriction, buyer's gross annual income cannot exceed: $95,600/yr for 1-person household; $109,300/yr 2-pers; $122,900/yr 3-pers; $136,600/yr 4-pers; $147,500/yr 5-pers; $158,500/yr 6-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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 75% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,396 | 1,087.5 | 83% |
| Lot Size | 928 | 949.5 | 50% |
| Price | $392.9K | $469.5K | 25% |
| Price per sq ft | $281 | $458 | 8% |
| Built year | 2004 | 1987 | 67% |
| HOA | $441 | $658 | 25% |
| Days on market | 5 | 214 | 8% |
Jun 8, 2026
$392,933
Initial Listing
Jun 4, 2004
$186,000
Public Record