
Novato, CA 94947
This Spacious Multi-Generational Home is a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,303,553 Fair Market Value by 8%. This valuation gap offers $108,553 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a remodeled quartz kitchen, engineered hardwood floors, and panoramic Bay views, the property is move-in ready. The flexible lower-level kitchenette and separate entrance provide significant utility. This is an ideal acquisition for Owner-Occupants seeking lifestyle flexibility or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37 Truman Drive Subject | $1,195,000* List Price | 4 | 3 | 2,492 | $523 | - |
A 24 Arroyo Lane Sold | $1,550,000 | 4 | 3 | 2,652 | $584 | 0.6 mi |
B 395 Ridge Road Sold | $1,359,500 | 3 | 3 | 2,253 | $603 | 0.7 mi |
C 22 Pierce Drive Sold | $950,000 | 5 | 3 | 2,648 | $359 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1965, the property has undergone extensive recent renovations within the last 5 years. Key updates include a modern kitchen with quartz countertops and newer cabinetry, fully remodeled bathrooms, new engineered hardwood flooring, and a newly rebuilt deck. The inclusion of modern systems like air conditioning and dual-pane windows places it in mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19110, living area = 2492.
The finished lower level includes a kitchenette, bedroom, and full bath with a separate entrance, making it ideal for an ADU, guest suite, or rental potential.
The property boasts expansive views of the Bay and hills, complemented by a newly rebuilt deck and a large, usable 0.44-acre lot with a firepit and play area.
While the home is beautifully updated, the 1965 original construction may necessitate ongoing attention to aging underlying systems like plumbing or electrical compared to newer homes.
The split between a 2-car and a separate 1-car garage may be less convenient for families who prefer a single, contiguous large garage for unified storage and vehicle access.
Set in Novato's President's Area, this spacious and thoughtfully updated home offers sweeping views, strong indoor-outdoor flow, and a flexible layout that creates options for a variety of living needs. The upper level is filled with natural light, with an open living and dining area framed by expansive picture windows overlooking the Bay, hills, and surrounding landscape. A wood-burning fireplace anchors the living room, while the updated kitchen features quartz counters, newer cabinetry, modern appliances, and direct access to a newly rebuilt deck, creating an easy connection between everyday living, entertaining, and the view. The primary suite is generously sized and includes deck access, new flooring, and a private ensuite bath. Two additional bedrooms and an updated hall bath complete the main level. The finished lower level adds meaningful flexibility, with a second living area, bedroom, remodeled full bath, and kitchenette. It is well suited for extended family, guests, a home office setup, or additional separation of space. French doors open to a covered patio and a large, usable yard with a play structure, firepit area, and room to gather or unwind. Additional highlights include dual-pane windows, recessed lighting, air conditioning, engineered hardwood flooring throughout, and two separate garages, including a 2-car garage with laundry hookups plus a separate 1-car garage for added parking, storage, or utility. A rare combination of views, usable outdoor space, updates, and flexible living in one of Novato's most desirable neighborhoods.
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 | 2,492 | 2,061 | 81% |
| Lot Size | 19,110 | 11,243 | 75% |
| Price | $1.20M | $1.17M | 56% |
| Price per sq ft | $480 | $589 | 25% |
| Built year | 1965 | 1965 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 152 | 3% |
Jun 5, 2026
$1,195,000
Initial Listing
Jun 27, 2016
$879,000
Public Record
Jul 10, 2012
$450,000
Public Record
Aug 29, 2006
$840,000
Public Record
Dec 6, 2002
$25,000
Public Record
Nov 16, 2001
$520,000
Public Record
Aug 1, 1995
$297,000
Public Record