126 Park Place Drive, Petaluma, CA 94954, Petaluma, 94954 - 1 bed, 1 bath
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Petaluma, CA 94954
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $425,000—positioned well below the $424,023 Fair Market Value by 0%. While the price aligns with market trends, the unit features a Condition Rating of 3, highlighted by an Updated Kitchen with stainless steel appliances and In-Unit Laundry. Its ground-floor accessibility and proximity to Lucchesi Park and medical centers provide a highly functional lifestyle. This property is an ideal acquisition for first-time buyers or Owner-Occupants seeking a move-in ready, low-maintenance residence in Petaluma.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 126 Park Place Drive Subject | $425,000* List Price | 1 | 1 | 740 | $573 | - |
A 240 Park Place Drive Pending | $515,000 List Price | 2 | 1 | 872 | $591 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1987, it features a modern updated kitchen with stainless steel appliances, granite countertops, and a contemporary tile backsplash. The unit has newer laminate flooring throughout and appears well-maintained and move-in ready, despite some dated elements like popcorn ceilings.
The single-level, ground-floor layout paired with two dedicated parking spaces—including one covered—directly next to the home provides rare and convenient accessibility for a condominium.
Situated within walking distance to Lucchesi Park, Petaluma Valley Hospital, and major shopping centers, the property offers an ideal location for medical professionals and those seeking a walkable lifestyle.
The unit boasts an updated kitchen and the essential convenience of in-unit laundry, significantly increasing its marketability and providing a turnkey experience for the next owner.
At $514 per month, the association fees are relatively high for a one-bedroom unit, which may impact the debt-to-income ratio for potential buyers and overall affordability.
The 740-square-foot footprint and single-bedroom configuration limit the property's appeal to a specific demographic, offering little flexibility for those needing a home office or guest space.
Single-level, ground-floor condominium in the Park Place community. This 740 sq ft unit has 1 bedroom and 1 bathroom, and features an updated kitchen. Enjoy in unit laundry, a rear patio, and on site storage. There are two dedicated parking spaces directly next to the home, including a covered one. Conveniently located near shopping centers, Lucchesi Park, the Petaluma Community Center, Petaluma Valley Hospital, and Park Place Medical Center, with easy access to Hwy 101.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 25% |
| Baths | 1.0 | 3.0 | 25% |
| Square foot | 740 | 1,408.5 | 25% |
| Lot Size | 806 | 1,200 | 25% |
| Price | $425.0K | $592.5K | 25% |
| Price per sq ft | $574 | $445 | 75% |
| Built year | 1987 | 1984 | 50% |
| HOA | $514 | $582 | 50% |
| Days on market | 19 | 215 | 25% |
May 26, 2026
$425,000
Initial Listing
Jan 6, 2020
$325,000
Public Record
Feb 11, 2013
$175,000
Public Record
Aug 1, 2001
$185,000
Public Record