548 Bolling Circle, Novato, CA 94949, Novato, 94949 - 2 bed, 2 bath
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Novato, CA 94949
This Below Market Rate (BMR) Condominium represents a Strong Value Opportunity, listed at $362,199—positioned well below the $384,103 Fair Market Value by 5%. This valuation gap offers $21,904 in Instant Equity for qualified buyers. Featuring a Condition Rating of 4, this one-story end unit offers a private, functional layout with a sunny patio and inside laundry. Due to strict deed restrictions, this property is exclusively reserved for Owner-Occupants, making it an ideal acquisition for first-time buyers seeking a stable, commuter-friendly home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 548 Bolling Circle Subject | $362,199* List Price | 2 | 2 | 1,066 | $360 | - |
A 117 Captain Nurse Circle Sold | $432,289 | 2 | 2 | 1,066 | $406 | 0.2 mi |
B 262 Captain Nurse Circle Active | $392,933 List Price | 3 | 3 | 1,396 | $281 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2005, the property is 21 years old and features original kitchen and bathroom finishes. While well-maintained with laminate flooring and plantation shutters, the oak cabinetry and white appliances are dated and align with the >20-year criteria for minor updates.
This rare one-story end unit features no neighbors above or below, providing a level of quiet and privacy seldom found in condominium living.
Ideally situated in Southern Novato, the property offers excellent access to major commute routes by car or train, along with proximity to local shopping and dining.
Built in 2005, the home boasts a functional open floor plan complemented by stylish laminate flooring, plantation shutters, and the convenience of an inside laundry area.
Strict gross annual income limits and owner-occupancy requirements significantly narrow the pool of potential buyers and exclude all investment opportunities.
Due to the recorded deed restriction on the Below Market Rate (BMR) program, the future resale value is capped, limiting long-term capital appreciation for the owner.
Delightful ONE STORY condo at Meadowpark. With two bedrooms and two FULL baths, this 1066 sq ft end unit has no one above or below you. An open floor plan with pretty granite kitchen counter tops; laminate flooring; plantation shutters; sunny patio; gas stove; inside laundry and more. Perfectly located in Southern Novato for an easy commute by car or train, nearby shopping and dining, and covered/assigned parking, this below market rate condo hits all the high marks!! Per recorded deed restriction, buyer's gross annual income cannot exceed: $95,600/yr for 1-person household; $109,300/yr 2-pers; $122,900/yr 3-pers; $136,600/yr 4-pers; $147,500/yr 5-pers. Home must be owner-occupied and future resale amount is restricted.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,066 | - |
| Lot Size | 1,080 | - |
| Price | $362.2K | $493.4K |
| Price per sq ft | $340 | $487 |
| Built year | 2005 | 0 |
| HOA | $393 | $0 |
| Days on market | 16 | 49 |
Jul 6, 2026
$362,199
Initial Listing
Aug 22, 2014
$175,500
Public Record
Oct 2, 2007
$149,318
Public Record
Aug 22, 2006
$167,500
Public Record