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
36 Shannon Court, Novato, CA 94949
4Beds
3Baths
2,566Sqft
12,441Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Strong Investment Potential: This townhome-style duplex offers an exceptional opportunity for investors or owner-occupants, allowing for rental income generation from one unit while living in the other, supported by separately metered PG&E.
Top Cons:
Owner Responsible for Water: The owner is responsible for paying water for both units, which represents a recurring operational expense that could impact the net income for an investor.

Compared to the nearby listings

Price:$1.32M vs avg $10.16M ($-8,837,500)50%
Size:2,566 sqft vs avg 35,827 sqft50%
Price/sqft:$516 vs avg $39650%

More Insights

Built in 1978 (48 years old).
Condition: Built in 1978, the property has been well-maintained and Unit #40 features a significantly updated kitchen with modern stainless steel appliances, granite countertops, and updated cabinetry. The bathroom in Unit #40 also shows recent updates with a modern vanity, granite, and a tiled walk-in shower. While the carpet in the living areas and bedrooms is clean, it is not new. The overall condition, including central heating/AC and fresh paint, indicates a move-in ready property with no immediate renovation required, aligning with a 'Good' rating, despite the property's age. The updates appear to be within the last 5-15 years, bringing the condition up from what would typically be expected for a 1978 build.
Year Built
1978
Close
-
List price
$1.32M
Original List price
-
Price/Sqft
$516
HOA
$0
Days on market
-
Sold On
-
MLS number
325103445
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
Built in 1978, the property has been well-maintained and Unit #40 features a significantly updated kitchen with modern stainless steel appliances, granite countertops, and updated cabinetry. The bathroom in Unit #40 also shows recent updates with a modern vanity, granite, and a tiled walk-in shower. While the carpet in the living areas and bedrooms is clean, it is not new. The overall condition, including central heating/AC and fresh paint, indicates a move-in ready property with no immediate renovation required, aligning with a 'Good' rating, despite the property's age. The updates appear to be within the last 5-15 years, bringing the condition up from what would typically be expected for a 1978 build.
Pros & Cons

Pros

Strong Investment Potential: This townhome-style duplex offers an exceptional opportunity for investors or owner-occupants, allowing for rental income generation from one unit while living in the other, supported by separately metered PG&E.
Prime Location & Accessibility: Tucked away on a quiet cul-de-sac in desirable southern Novato, the property provides privacy, excellent sun exposure, and convenient access to shopping, restaurants, schools, and major highways (101 & 37).
Comfort & Modern Amenities: Both units are equipped with central heating and air conditioning, ensuring year-round comfort, along with dedicated laundry rooms and ample extra storage for enhanced functionality.
Private Outdoor Spaces & Scenic Views: Each unit features private outdoor spaces, including peaceful backyards with mature landscaping and patios, perfect for relaxing or entertaining, complemented by sweeping scenic views of Big Rock Ridge and the valley.
Well-Maintained with Updates: The property is described as well-maintained, with Unit #40 having an updated kitchen and other details, suggesting a good overall condition and readiness for occupancy.

Cons

Owner Responsible for Water: The owner is responsible for paying water for both units, which represents a recurring operational expense that could impact the net income for an investor.
Potential for Unit Discrepancy: While Unit #40 was updated as a former owner's unit, Unit #36 is not explicitly mentioned to have received similar updates, potentially leading to differing conditions or future renovation needs between the two units.
Age of Property: Built in 1978, while well-maintained, the property's age may imply that some systems or components (beyond the updated kitchen in Unit #40) could be original and might require future capital expenditures for modernization or replacement.
Browse Properties by State Browse housing market trends by state