
Novato, CA 94949
This Well-Maintained Townhome-Style Duplex represents a stable acquisition listed at $1,225,000, which aligns perfectly with its $1,225,000 Fair Market Value. Boasting a Good Condition Rating, the property features a renovated owner’s unit with a Granite Kitchen, stainless appliances, and central AC. The residence offers high utility with a 12,441 SqFt Lot and Scenic Ridge Views of Big Rock Ridge. Following recent price adjustments, the property now reflects current market conditions, making it an ideal entry point for Owner-Occupants seeking rental offsets or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 36 Shannon Court Subject | $1,225,000* List Price | 4 | 3 | 2,566 | $477 | - |
A 28 32 Shannon Court Sold | $1,225,000 | 4 | 2 | 2,566 | $477 | 0.0 mi |
B 201 Deborah Court Sold | $1,305,000 | 4 | 3 | 2,602 | $502 | 0.7 mi |
C 1256 Highland Drive Sold | $1,550,000 | 4 | 3 | 2,842 | $545 | 0.4 mi |
D 213 Deborah Court Sold | $1,186,500 | 4 | 3 | 2,281 | $520 | 0.7 mi |
E 395 Marin Oaks Drive Sold | $1,225,000 List Price | 5 | 3 | 2,300 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is a well-maintained 1978 duplex that has undergone significant interior updates, particularly in the owner's unit. The kitchen features granite countertops, stainless steel appliances, and updated cabinetry with a mosaic tile backsplash, reflecting a renovation likely completed within the last 10-15 years. Bathrooms have been similarly updated with stone counters and tiled showers. The home is move-in ready with functional major systems, including central heating and air conditioning, and shows minimal wear and tear, fitting the 'good' criteria for its age and renovation history.
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.
This duplex configuration offers exceptional flexibility, allowing an owner-occupant to live in one unit while generating rental income from the other, or providing a turnkey opportunity for investors seeking solid cash flow.
Situated on a quiet cul-de-sac in desirable southern Novato, the property features sweeping views of Big Rock Ridge and the valley, combined with easy access to Highway 101 and local amenities.
The property has undergone four consecutive price reductions since its initial listing, which may suggest a challenge in aligning the property's value with current buyer expectations.
While PG&E is separately metered, the owner is responsible for water costs, which can be a significant and variable expense for a multi-unit property with mature landscaping.
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 easy access to Highways 101 and 37. This property combines comfort, convenience, and strong investment potential in a highly sought-after location. With excellent rents, solid cash flow, and low expenses, it presents a rare opportunity for both seasoned and first-time investors.
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 | 3.0 | 50% |
| Square foot | 2,566 | 2,281 | 66% |
| Lot Size | 12,441 | 10,354 | 74% |
| Price | $1.23M | $1.45M | 40% |
| Price per sq ft | $477 | $623 | 17% |
| Built year | 1978 | 1972 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 114 | 181 | 32% |
Mar 14, 2026
$1,225,000
$1,250,000
-2% Price Drop
Initial Listing
Mar 11, 2026
$1,250,000
$1,275,000
-2% Price Drop
Initial Listing
Jan 25, 2026
$1,275,000
$1,325,000
-4% Price Drop
Initial Listing
Dec 29, 2025
$1,325,000
Initial Listing
Aug 15, 2018
$1,250,000
Public Record