
Penngrove, CA 94951
This Income-Generating Pastoral Estate is a High-Potential Investment Opportunity, listed at $1,295,000—positioned well below the $1,526,673 Fair Market Value by 15%. This valuation gap provides $231,673 in Instant Equity. While maintaining a Condition Rating of 4 with dated finishes, the 2.16-acre lot features an Income-Generating ADU netting $1,750 monthly, a large deck, and Panoramic Pastoral Views. This versatile asset balances rural lifestyle with significant financial upside, making it ideal for Owner-Occupants or House-Hackers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 130 Goodwin Lane Subject | $1,295,000* List Price | 2 | 1 | 2,279 | $670 | - |
A 509 Phillips Drive Sold | $1,550,000 | 3 | 6 | 2,108 | $735 | 0.8 mi |
B 635 Goodwin Avenue Active | $1,550,000 List Price | 3 | 2 | 2,200 | $705 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, the property is 25 years old and largely retains its original interior finishes. The kitchen and laundry rooms feature dated linoleum flooring and cabinetry typical of the late 90s. While the home appears well-maintained and functional, it exceeds the 20-year threshold for 'Good' and requires cosmetic updates and minor exterior maintenance, such as deck refinishing, to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 94090, living area = 2279.
The property includes a permitted 1-bedroom mobile home ADU with a reliable tenant paying $1,750 per month, providing immediate rental income or flexible multi-generational living.
Set on 2.16 acres at the end of a private lane, the lot offers exceptional privacy and ample space for agricultural pursuits, gardening, or keeping livestock.
Despite the generous 2,279 square footage of the main home, the configuration of only 2 bedrooms and 1 bathroom may limit appeal for larger families or those seeking more modern suite layouts.
The presence of an 'old horse barn' and a mobile home ADU suggests potential deferred maintenance or the need for future capital investment to modernize or repair secondary structures.
At the end of a private lane in Penngrove, this 2.16-acre property offers the quiet, open pastoral setting that draws buyers to country living in the first place. Built in 1999, the approximately 2,279 sq ft main home is filled with natural light, high ceilings, and oversized windows that bring the landscape in and create a sense of volume throughout. The layout is generous and comfortable, with a large living room centered around a fireplace insert, a formal dining room, a spacious kitchen with extensive storage and built-ins, a separate laundry room, and a large office suited to work from home, creative use, or flexible living. The primary bedroom includes a walk-in closet and direct outdoor access. Set apart from the main home, the permitted 1 bedroom, 1 bath mobile home ADU offers approximately 761 sq ft, its own parking area, and a long-term tenant in place at $1,750 per month. A detached garage of approximately 572 sq ft, old horse barn, and solid storage shed add flexibility and utility, with room for animals, gardening, and agricultural use. What makes this property stand out is not only the acreage, but the lifestyle it creates: privacy at the end of the lane, open space all around, and the opportunity to enjoy a more grounded way of living with convenient access to Old Redwood Highway.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.5 | 33% |
| Square foot | 2,279 | 2,193.5 | 50% |
| Lot Size | 94,090 | 143,748 | 50% |
| Price | $1.29M | $1.42M | 50% |
| Price per sq ft | $568 | $703 | 33% |
| Built year | 1999 | 1983 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 263 | 17% |
May 4, 2026
$1,295,000
Initial Listing
Feb 27, 1995
$160,000
Public Record