
San Rafael, CA 94903
This High-Potential Investment Opportunity is listed at a List Price of $499,500, positioned well below the $472,913 Fair Market Value by -5%. While the property requires modernization, its Condition Rating of 4 provides a clear path for value-add renovations. Located in the desirable Captain's Cove community, the home offers access to Top-Rated Schools like Dixie Elementary (9/10). With a private patio and community pool, this townhouse is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking an entry point into the Marin County market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Sailmaker Court Subject | $499,500* List Price | 2 | 1 | 932 | $507 | - |
A 29 Keel Court Sold | $520,000 | 2 | 1 | 952 | $546 | 0.1 mi |
B 46 Dockside Circle Pending | $535,000 List Price | 2 | 1 | 932 | $574 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this 40-year-old townhome is functional but dated. The kitchen features older oak cabinetry and white appliances likely exceeding 20 years in age. While well-maintained and move-in ready, the interior finishes and fixtures require modernization to meet current standards.
Elementary School: Dixie Elementary School (9/10).
Situated in the desirable Captain's Cove community, this home offers exceptional access to outdoor recreation including hiking, biking, and golf, providing a high quality of life for active residents.
The property is served by highly-regarded schools such as Dixie Elementary, which boasts a rating of 9, making it a strong draw for families prioritizing quality education.
The monthly association fee of $573 is significant relative to the property's size and price point, which may impact overall affordability and buyer interest.
With only one bathroom serving two bedrooms, the layout may present a challenge for multi-occupant households or those seeking a more modern primary suite configuration.
Ideally located in the sought-after Captain's Cove community, this charming townhome offers easy access to some of Novato's most popular amenities. Enjoy nearby hiking and biking trails, golf, open space, shopping, and dining, all just minutes from your front door. Inside, the bright and welcoming floor plan features two spacious bedrooms, an open living and dining area, and a private patio retreat. Community pool, greenbelts, covered parking, and extra storage complete the package.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades K-5 • 1.5 mi
Grades K-5 • 2.6 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 | 21% |
| Square foot | 932 | 1,384 | 14% |
| Lot Size | 484 | 1,659.5 | 14% |
| Price | $499.5K | $717.5K | 14% |
| Price per sq ft | $536 | $568 | 43% |
| Built year | 1984 | 1975 | 64% |
| HOA | $573 | $650 | 29% |
| Days on market | 81 | 144 | 7% |
Apr 10, 2026
$499,500
$515,000
-3% Price Drop
Initial Listing
Mar 17, 2026
$515,000
Initial Listing
May 25, 2016
$1,268,182
Public Record