703 Lamont Avenue, Novato, CA 94945, Novato, 94945 - 2 bed, 2 bath
Loading property details...
Novato, CA 94945
This Versatile Single-Level Residence is a Prime Investment Opportunity listed at $859,000—positioned well below the $876,843 Fair Market Value by 2%. This valuation gap offers $17,843 in Instant Equity. Featuring a Fair Condition Rating, the property boasts a sprawling bonus room with ADU potential, a detached garage/workshop, and RV parking. Recent cosmetic updates and a prime location near downtown Novato provide a strong foundation for future appreciation. This is an ideal match for Owner-Occupants seeking a value-add home or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 703 Lamont Avenue Subject | $799,000* List Price | 2 | 2 | 1,627 | $548 | - |
A 16 Cherry Hill Lane Sold | $850,000 | 2 | 2 | 1,474 | $577 | 0.7 mi |
B 145 Westwood Drive Pending | $999,000 List Price | 4 | 2 | 1,635 | $611 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property features recent cosmetic updates including new paint, carpet, and modern bathroom tiling. However, the kitchen is significantly dated with older wood cabinetry and laminate-style countertops likely exceeding 20 years in age. While functional and move-in ready, the age of the primary systems and the unrefined finish of the large flex space justify a 'Fair' rating.
The sprawling bonus room offers significant versatility for a home office, gym, or potential conversion into an ADU, providing excellent value-add opportunities for the buyer.
With new interior paint, new flooring and carpet throughout, and updated bathrooms, the home presents a fresh, modern aesthetic that allows for immediate occupancy.
The newer detached garage and separate parking pad with alley access provide rare utility for RV parking, a workshop, or extensive storage, which is highly sought after in this area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1627, other record living area = 1150.
Despite the generous 1,627 square footage, the home only features two bedrooms, which may restrict its appeal to smaller households or niche buyers.
Built in 1950, the property may require more frequent maintenance or future capital improvements to its aging core systems compared to newer residential builds.
Living is easy at 703 Lamont. The single level home features, 2 bedrooms, 1.5 updated bathrooms, new carpet in the living room, new flooring in the bedrooms, new interior paint throughout and abundant parking. The flexible floor plan, with a sprawling bonus room, offers a multitude of uses. There's plenty of space for a home office, gym, family room or even future use as a possible ADU or au pair unit. The sunny, flat backyard includes a spacious covered patio and built in bbq. The newer, detached garage and parking pad are accessed from a separate alleyway, providing RV parking, a workshop, or simply additional storage. The convenient location is close to downtown Novato's shops, restaurants and farmers market. There is also easy access to Whole Foods, the SMART Train and a local bike path.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 10% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,627 | 1,989 | 41% |
| Lot Size | 7,000 | 8,999 | 14% |
| Price | $799.0K | $1.13M | 14% |
| Price per sq ft | $491 | $573 | 21% |
| Built year | 1950 | 1973 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 142 | 3% |
Jun 5, 2026
$799,000
$849,000
-6% Price Drop
Initial Listing
May 25, 2026
$849,000
$859,000
-1% Price Drop
Initial Listing
Apr 24, 2026
$859,000
Initial Listing