311 Capetown Court, Novato, CA 94947, Novato, 94947 - 4 bed, 3 bath
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Novato, CA 94947
This rare 4-bedroom condominium represents a Strong Value Opportunity, listed at a List Price of $650,000—positioned well below the $690,883 Fair Market Value by 5%. This valuation gap provides $40,883 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the property offers significant potential for cosmetic updates to modernize the 1973 infrastructure. With its private end-unit setting and rare bedroom count, this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 311 Capetown Court Subject | $650,000* List Price | 4 | 3 | 1,344 | $514 | - |
A 314 Silvio Lane Sold | $455,000 | 2 | 1 | 903 | $504 | 0.2 mi |
B 1 Oak Crest Court D Pending | $629,000 List Price | 3 | 3 | 1,516 | $415 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1973 (51 years old) and the listing does not mention any recent renovations. While the exterior appears maintained and the unit is currently occupied by tenants (suggesting it is functional), the age and visual evidence of the entry door and lighting indicate the property is dated and likely requires cosmetic updates to the kitchen and bathrooms to meet modern standards.
Finding a four-bedroom layout in a condominium is uncommon, providing exceptional value for larger families or those requiring multiple home offices in a central location.
As an end-unit tucked away against a quiet, private setting, the property offers superior natural light and fewer shared walls compared to standard interior units.
Priced at $650,000 for a 4-bedroom, 3-bath residence, this property represents a highly accessible price point for the Marin County real estate market.
The property is currently tenant-occupied, which can complicate the showing process and may require additional coordination regarding lease terms or possession dates.
Built in 1973, the home may require capital improvements or cosmetic updates to meet modern energy efficiency standards and contemporary design preferences.
Now showing in Novato while improvements are underway. Find your family friendly centrally located sweet spot. Rare 4-bedroom end-unit condo backing up to a quiet, private setting. Tucked away. Do not disturb the tenants.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 1,344 | - |
| Lot Size | 4,299 | - |
| Price | $650.0K | $493.4K |
| Price per sq ft | $484 | $487 |
| Built year | 1973 | 0 |
| HOA | $429 | $0 |
| Days on market | 40 | 49 |
Jun 12, 2026
$650,000
Initial Listing
Nov 7, 2014
$380,000
Public Record
Mar 12, 2003
$315,909
Public Record
Jul 18, 2000
$255,000
Public Record