116 Banff Way, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 2 bath
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Petaluma, CA 94954
This property presents a High-Potential Investment Opportunity with a List Price of $795,000—positioned above the $718,203 Fair Market Value by 10%. While the home features a Condition Rating of 4, its prime location across from Bond Park and vaulted ceilings provide a strong foundation for value-add renovations. The property offers a functional layout with a primary suite and private outdoor access, ideal for modernization. This is a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through cosmetic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 116 Banff Way Subject | $795,000* List Price | 3 | 2 | 1,358 | $529 | - |
A 542 Acadia Drive Sold | $809,000 | 3 | 2 | 1,456 | $556 | 0.3 mi |
B 1610 Northstar Drive Sold | $760,000 | 3 | 3 | 1,467 | $518 | 0.1 mi |
C 1442 Dandelion Way Sold | $750,000 | 3 | 2 | 1,376 | $545 | 0.7 mi |
D 569 Acadia Drive Sold | $785,000 | 3 | 2 | 1,548 | $507 | 0.2 mi |
E 1429 Dandelion Way Active | $759,000 List Price | 3 | 2 | 1,376 | $552 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1983 (41 years old), the property is well-maintained but remains largely dated. While it features newer wood flooring and carpet, the kitchen and bathrooms show their age with 1980s-style tile countertops, older white appliances, and dated lighting fixtures, fitting the criteria for a property over 20 years old needing updates.
Situated directly across from Bond Park, the property offers serene park views and immediate access to recreational green space, significantly enhancing its lifestyle appeal and long-term value.
The interior features vaulted ceilings and beautiful wood floors, creating an open, airy atmosphere that makes the 1,358-square-foot living space feel more expansive and sophisticated.
The primary bedroom includes a walk-in closet and private outdoor access, providing a functional and private retreat-like experience that is highly sought after by modern buyers.
At 1,358 square feet, the home's footprint is relatively compact, which may be a limiting factor for larger families or those requiring dedicated home office and storage spaces.
Built in 1983 and featuring an 'inviting' rather than 'remodeled' kitchen, the property may require additional capital investment to update original fixtures and meet contemporary aesthetic standards.
Nestled in a highly desirable east-side neighborhood directly across from Bond Park, this charming home offers the perfect blend of comfort, style, and convenience. Inside, you'll find beautiful wood floors, vaulted ceilings that create an open and airy living space, and newer carpet in the bedrooms for added warmth and comfort. The inviting eat-in kitchen is perfect for casual meals and everyday living, while the spacious primary suite features a walk-in closet and private outdoor access for a peaceful retreat. Enjoy the sunny backyard ideal for relaxing, entertaining, or gardening. Conveniently located near schools, shopping, and restaurants, this home offers an exceptional lifestyle in a sought-after location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,358 | 1,704.5 | 19% |
| Lot Size | 5,249 | 6,109.69 | 28% |
| Price | $795.0K | $797.5K | 50% |
| Price per sq ft | $585 | $476 | 86% |
| Built year | 1983 | 1978 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 156 | 2% |
May 13, 2026
$795,000
Initial Listing