66 Margarita Terrace, Novato, CA 94947, Novato, 94947 - 2 bed, 2 bath
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Novato, CA 94947
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.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 66 Margarita Terrace Subject | $575,000* List Price | 2 | 2 | 1,118 | $490 | - |
A 65 Scottsdale Way Sold | $513,000 | 2 | 2 | 1,118 | $459 | 0.0 mi |
B 106 Albion Court Sold | $620,000 | 3 | 3 | 1,365 | $454 | 0.5 mi |
C 323 Silvio Lane Sold | $460,000 | 2 | 1 | 903 | $509 | 0.6 mi |
D 2 Lakeview Court Active | $515,000 List Price | 2 | 1 | 1,020 | $505 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
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.
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.
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.
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.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,118 | 973 | 67% |
| Lot Size | 1,119 | 1,178 | 50% |
| Price | $575.0K | $445.5K | 83% |
| Price per sq ft | $514 | $457 | 92% |
| Built year | 1979 | 1977 | 75% |
| HOA | $691 | $549 | 83% |
| Days on market | 11 | 198 | 8% |
Jun 3, 2026
$575,000
Initial Listing
Jun 15, 2016
$455,000
Public Record