28 Monroe Court, Novato, CA 94947, Novato, 94947 - 4 bed, 3 bath
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Novato, CA 94947
This Spacious View Property is a Prime Investment Opportunity, listed at $1,200,000—positioned well below the $1,226,752 Fair Market Value by 2%. This valuation gap offers $26,752 in Instant Equity for buyers. Boasting a Condition Rating of 4, the home features a new 2025 roof, private swimming pool, and picturesque mountain views. While functional and move-in ready, the original 1972 finishes provide significant upside for forced appreciation through modernization. Located in the desirable Presidents subdivision, it is ideal for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28 Monroe Court Subject | $1,200,000* List Price | 4 | 3 | 2,068 | $593 | - |
A 1521 Buchanan Street Sold | $1,001,000 | 3 | 3 | 1,938 | $517 | 0.2 mi |
B 1459 Donna Street Sold | $939,000 List Price | 5 | 2 | 1,708 | 0.4 mi | |
C 5 Truman Drive Sold | $1,275,000 | 4 | 3 | 2,676 | $476 | 0.4 mi |
D 15 Betty Lane Sold | $1,155,000 | 4 | 2 | 1,828 | $632 | 0.9 mi |
E 8 Madeline Court Sold | $875,000 | 3 | 2 | 1,446 | $605 | 0.9 mi |
F 28 Washington Street Active | $1,075,000 List Price | 3 | 2 | 1,776 | $605 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972 and on the market for the first time, this home is well-maintained but largely reflects its original era. While it features significant recent maintenance like a new roof (2025), fresh interior paint, and partial kitchen updates (stone countertops and stainless steel appliances), many core elements remain dated. The kitchen cabinets are original painted wood with exposed hinges, and the bathrooms feature older vanities and Hollywood-style lighting. The flooring, including the entry tile and carpeting, along with the overall architectural style, indicates a property that is functional and move-in ready but requires cosmetic modernization to meet contemporary standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8851, living area = 2068.
The property features an expansive yard with a swimming pool, a covered deck for al fresco dining, and a separate view deck, creating a premier space for outdoor entertainment.
The home boasts significant recent maintenance, including a brand-new roof installed in 2025 and a freshly painted interior, providing peace of mind for the next owner.
Being on the market for the first time since 1972, the home may require additional investment to update original finishes and systems to contemporary standards.
A recent price reduction from the initial listing suggests the property is still navigating market alignment to attract competitive offers.
First time on the market! This well-loved 4 bedroom, 2.5 bath home is located in the peaceful and picturesque President's subdivision on a sun-drenched lot surrounded by hills. With inviting curb appeal, the home's welcoming ambiance continues inside with an abundance of natural light that fills every room. The floorplan offers an open kitchen/family room area with glass doors leading to view deck, as well as a formal living room with fireplace and an adjoining dining room that's perfect for entertaining. The primary bedroom provides a comfortable and private retreat. The additional bedrooms are well-proportioned and can accommodate a variety of furniture configurations. Venture outside to enjoy the expansive yard with a covered deck that's ideal for al fresco dining or by relaxing by the pool. The attached two-car garage has ample storage. Freshly painted interior and roof was replaced in 2025. The home is in close proximity to local schools and shopping.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 53% |
| Square foot | 2,068 | 1,902 | 58% |
| Lot Size | 8,851 | 10,642 | 36% |
| Price | $1.20M | $1.13M | 62% |
| Price per sq ft | $580 | $594 | 45% |
| Built year | 1972 | 1964 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 176 | 2% |
Mar 20, 2026
$1,200,000
$1,225,000
-2% Price Drop
Initial Listing
Feb 23, 2026
$1,225,000
Initial Listing