66 Margarita Terrace, Novato, CA 94947, Novato, 94947 - 2 bed, 2 bath
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66 Margarita Terrace
Novato, CA 94947
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,118Sq Ft
1,119Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$499,000
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $575,000—positioned well above the $547,276 Fair Market Value by 5%. While priced slightly above market, the property features a Mint Condition Rating with a recently refurbished kitchen, hardwood floors, and a private terrace, ensuring a lifestyle of comfort. Its strategic location near Hwy 101 and Vintage Oaks provides excellent convenience. This is an ideal acquisition for Owner-Occupants seeking a move-in-ready home or first-time buyers prioritizing a low-maintenance, modern living environment.
Estimated Market Value
$499,000
Based on Realkey algorithm analyzing recent comparable sales in Novato.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66 Margarita Terrace Subject | $499,000* List Price | 2 | 2 | 1,118 | $446 | - |
A 5 Corinthian Court Sold | $529,950 | 2 | 2 | 1,118 | $474 | 0.1 mi |
B 306 Silvio Lane Sold | $440,000 | 2 | 1 | 966 | $455 | 0.6 mi |
C 916 Sunnybrae Lane Sold | $600,000 | 3 | 2 | 1,323 | $454 | 0.6 mi |
D 47 Plumas Circle Sold | $425,000 | 2 | 1 | 872 | $487 | 0.7 mi |
E 311 Capetown Court Sold | $585,000 | 4 | 2 | 1,344 | $435 | 0.7 mi |
F 81 Scottsdale Way Active | $475,000 List Price | 2 | 2 | 1,118 | $425 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1979, the property has been recently refurbished with a modern kitchen featuring stainless steel appliances and custom cabinetry, along with recently updated bathrooms. The interior features fresh paint and hardwood floors throughout, placing it in mint, move-in-ready condition consistent with a renovation under 5 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Move-In Ready Condition
The home features a thoughtfully remodeled interior with a refurbished kitchen, updated bathrooms, hardwood floors, and fresh paint, offering immediate comfort without the need for additional renovations.
- Strategic Location
Situated in a quiet end-unit position, the property provides excellent proximity to Highway 101, public transportation, and the Vintage Oaks Shopping Center, balancing privacy with urban convenience.
- Indoor-Outdoor Flow
The spacious living area transitions seamlessly to a private terrace and garden, a rare feature for condos that enhances the living space and provides an ideal setting for outdoor entertaining.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $691 is relatively high for this price point, which may impact the overall monthly carrying costs and affordability for budget-conscious buyers.
- Low Elementary School Rating
The property is zoned for Lynwood Elementary School, which currently holds a low rating of 2/10, potentially affecting appeal for families and long-term resale value.
About 66 Margarita Terrace
Thoughtfully remodeled and beautifully maintained two-level end unit town-home in a private and quiet setting in Novato is ready for a new owner. Conveniently located near Hwy 101, public transportation, and Vintage Oaks Shopping Center, this condo is flooded with natural light and has superb indoor-outdoor flow, perfect for entertaining and family enjoyment. The kitchen has been recently refurbished with stainless steel appliances, custom cabinetry, and a double-country sink. Also on the main level, you will find a spacious living room and dining room, which flows directly to a private terrace and garden, excellent for summer gatherings. A half-bath and an in-unit laundry complete the bottom floor. Upstairs, you will find two large bedrooms with spacious closets and a recently updated en-suite bathroom. The home features hardwood floors, a freshly painted interior, a nice-sized walk-in storage space, and one-car-deeded parking. A spectacular opportunity to own in Novato in a move-in-ready condo that blends functionality, comfort, and location.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- 1,119 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $691 / Month
Neighborhood Insights
Novato Unified Schools
Lynwood Elementary School
Grades K-5 • 0.3 mi
2/10
Novato High School
Grades 9-12 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,118 | 1,114.875 |
| Lot Size | 1,119 | 1,238.25 |
| Price | $499.0K | $524.3K |
| Price per sq ft | $446 | $463 |
| Built year | 1979 | 1981 |
| HOA | $691 | $564 |
| Days on market | 98 | 54 |
Pricing History
Listed for Sale
Aug 1, 2026
$499,000
$520,000
-4% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$520,000
$540,000
-4% Price Drop
Initial Listing
Price Change
Jun 23, 2026
$540,000
$575,000
-6% Price Drop
Initial Listing
Price Change
Jun 3, 2026
$575,000
Initial Listing
Sold
Jun 15, 2016
$455,000
Public Record