84 Captain Nurse Circle, Novato, CA 94949, Novato, 94949 - 3 bed, 3 bath
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Novato, CA 94949
This Upgraded BMR Residence is a Strong Value Opportunity, listed at $599,000—positioned well below the $630,796 Fair Market Value by 5%. This valuation gap provides $31,796 in Instant Equity for qualified purchasers. The home maintains a Move-In Ready Condition Rating, featuring high-quality waterproof hybrid flooring, a Navien tankless water heater, and stainless steel appliances. Situated on a quiet loop with a private patio overlooking open space hills, the property balances modern interior systems with a serene location. This is an ideal acquisition for Owner-Occupants or first-time buyers meeting specific BMR income eligibility requirements.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 84 Captain Nurse Circle Subject | $599,000* List Price | 3 | 3 | 1,396 | $452 | - |
A 402 Bolling Circle Sold | $590,000 | 3 | 3 | 1,461 | $404 | 0.4 mi |
B 113 Quail Court Sold | $649,000 | 2 | 2 | 1,273 | $510 | 0.7 mi |
C 84 Crissy Place Active | $599,000 List Price | 4 | 2 | 1,624 | $369 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and has been well-maintained since its 2004 construction. It features significant recent upgrades including new Mohawk waterproof hybrid resilient plank flooring throughout the main living areas and a high-end Navien tankless water heater. The kitchen is equipped with new stainless steel appliances (gas stove and microwave), though the oak cabinetry and laminate countertops are original to the home. Bathrooms are clean and functional with original fixtures. While not a 'full' renovation of the kitchen and baths, the recent cosmetic and system updates elevate it above a 'fair' rating.
The home features high-quality recent improvements including waterproof hybrid resilient plank flooring, a Navien tankless water heater, and new stainless steel appliances, ensuring a move-in-ready experience.
Situated on a quiet loop and surrounded by open space hills, the property offers a serene and private setting while maintaining the convenience of a desirable Novato neighborhood.
As a Below Market Rate (BMR) home, this property provides a rare opportunity for affordable homeownership in Marin County for a spacious three-bedroom residence.
The property is subject to strict income limits and deed restrictions, which significantly narrows the pool of eligible buyers and mandates owner-occupancy.
Due to its BMR status, the future resale price is governed by specific program formulas, which limits the long-term equity growth compared to traditional market-rate properties.
Opportunity, affordability and location!! You get all three at 84 Captain Nurse Circle. Opportunity for a nicely upgraded and spacious townhouse-style condo; Affordability in this below market rate (BMR) home, and Location on a quiet loop surrounded by open space hills. Built in 2004, this home offers 3 bedrooms, 2 full baths and one half bath (on the main level), 1396 sq ft, and a plethora of quality upgrades, including: Mohawk Home 10 MM Thick Waterproof Hybrid Resilient Plank Flooring in your dining room, kitchen, living room, laundry room, half bathroom, and stair landing; White Cordless Premium Faux Wood Blinds by Home Decorators Collection on living room and dining room windows; Pearl Grey Textured Vertical Louvers by Home Decorators Collection on patio door; Navien NPE 180 A II Tankless Water Heater with code package and cord pump. More great features are the new stainless steel kitchen gas stove, microwave and washer (in the separate laundry room). Just unpack your bags!! Per recorded deed restriction, buyer's gross annual income cannot exceed: $129,950/yr for 1-person household; $148,600/yr 2-pers; $167,150/yr 3-pers; $185,700/yr 4-pers; $200,600/yr 5-pers. Home must be owner-occupied.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 65% |
| Baths | 3.0 | 2.0 | 80% |
| Square foot | 1,396 | 1,084 | 80% |
| Lot Size | 937 | 876 | 50% |
| Price | $599.0K | $482.5K | 80% |
| Price per sq ft | $429 | $486 | 45% |
| Built year | 2004 | 1986 | 75% |
| HOA | $443 | $530 | 30% |
| Days on market | 30 | 213 | 5% |
Mar 23, 2026
$599,000
Initial Listing
Dec 17, 2004
$330,000
Public Record