Realkey.ai
RealKey
‪(213) 433-7766‬

36 Shannon Court, Novato, CA 94949, Novato, 94949 - 4 bed, 3 bath

36 Shannon Court, Novato, CA 94949 home-pic-0
ACTIVE$1,325,000$2,566/sqft
Est. Value: $1,344,491
1%
FairlyEstimate
36 Shannon Court, Novato, CA 94949
4Beds
3Baths
2,566Sqft
12,441Lot

Price Vs. Estimate

The estimated value ($1,344,491.22) is $19,491.22 (1%) lower than the list price ($1,325,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12441, living area = 2566.
Top Cons:
Age of Construction: Built in 1978, the property's age suggests potential for original systems (e.g., plumbing, electrical, roof) that may require future capital expenditures, especially for the unit not explicitly stated as updated.

Compared to the nearby listings

Price:$1.32M vs avg $1.55M ($-225,000)21%
Size:2,566 sqft vs avg 2,842 sqft38%
Price/sqft:$516 vs avg $52048%

More Insights

Built in 1978 (48 years old).
Condition: This property, specifically Unit #40 as highlighted in the description and images, presents as move-in ready with no immediate renovations required. The kitchen features modern light wood cabinetry, granite countertops, a mosaic tile backsplash, and stainless steel appliances, indicating a significant update within the last 5-15 years. The bathroom also shows modern updates with a matching vanity, granite counter, and a tiled walk-in shower. While the property was built in 1978, the visible interior components, including flooring (clean carpet and tile), light fixtures, and central heating/AC, appear well-maintained and functional, aligning with the 'Good' condition criteria.
Year Built
1978
Close
-
List price
$1.32M
Original List price
-
Price/Sqft
$516
HOA
$0
Days on market
-
Sold On
-
MLS number
325103193
Home ConditionGood
Features
Good View:
Patio
View-

About this home

This well-maintained townhome-style duplex features two side-by-side units, Unit #40 is a 2bd/1ba w/2 car garage. Unit #36 is a 2bd/1.5ba offering an exceptional opportunity for investors or owner-occupants seeking to live in one unit while generating rental income from the other. Each residence is thoughtfully with a dedicated laundry room on the lower level, tons of extra storage, providing convenience and functionality. The main level of each unit boasts a bright and spacious living room, an open-concept kitchen that seamlessly connects to the living area, two comfortable bedrooms, and a full bathroom. Large windows throughout invite abundant natural light and frame scenic views of the surrounding Big Rock Ridge and valley. Unit #40 was previously an owners unit - the kitchen was updated along with other details. Both units enjoy private outdoor spaces, including peaceful backyards with mature landscaping that create tranquil retreats. Each unit offers sweeping views, a patio and private yard to enhance indoor-outdoor living. Perfect for relaxing or entertaining! Tucked away on a quiet cul-de-sac in desirable southern Novato, the property offers privacy, excellent sun exposure, and picturesque surroundings. Each unit is separately metered for PG&E, with water paid by the owner. Both units are equipped with central heating and air conditioning, ensuring year-round comfort. Ideally located near Ignacio Plaza shopping/restaurants, local schools, the College of Marin's Indian Valley Campus, and with easy access to Highways 101 and 37, this duplex combines comfort, convenience, and strong investment potential in a highly sought-after location!

T
The Stewart Team
Listing Agent

Price History

Date
Event
Price
08/15/18
Sold
$1,250,000
Condition Rating
Good
This property, specifically Unit #40 as highlighted in the description and images, presents as move-in ready with no immediate renovations required. The kitchen features modern light wood cabinetry, granite countertops, a mosaic tile backsplash, and stainless steel appliances, indicating a significant update within the last 5-15 years. The bathroom also shows modern updates with a matching vanity, granite counter, and a tiled walk-in shower. While the property was built in 1978, the visible interior components, including flooring (clean carpet and tile), light fixtures, and central heating/AC, appear well-maintained and functional, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12441, living area = 2566.
Strong Investment Potential: This duplex offers an exceptional opportunity for investors or owner-occupants, allowing for rental income generation from one unit while residing in the other, maximizing financial flexibility.
Prime Location & Accessibility: Located on a quiet cul-de-sac in desirable southern Novato, with convenient access to Ignacio Plaza shopping/restaurants, local schools, College of Marin, and major Highways 101 and 37.
Desirable Outdoor Spaces & Views: Each unit boasts private backyards with mature landscaping, patios, and sweeping views of Big Rock Ridge and the valley, enhancing indoor-outdoor living and relaxation.
Independent Utilities & Comfort: Both units are equipped with central heating and air conditioning and are separately metered for PG&E, providing tenant independence and simplifying utility management for the owner.
Well-Maintained with Updates: The property is described as well-maintained, with Unit #40 featuring an updated kitchen and other details, suggesting good upkeep and readiness for occupancy.

Cons

Age of Construction: Built in 1978, the property's age suggests potential for original systems (e.g., plumbing, electrical, roof) that may require future capital expenditures, especially for the unit not explicitly stated as updated.
Owner Pays Water: The owner is responsible for water costs for both units, which represents an ongoing operational expense that directly impacts the net rental income for an investor.
Townhome-Style Duplex: Being a 'townhome-style' duplex implies shared walls, which may not appeal to all buyers seeking the complete privacy and sound separation offered by a fully detached duplex.
Browse Properties by State Browse housing market trends by state