15054 Cherry Street, Guerneville, CA 95446, Guerneville, 95446 - 2 bed, 2 bath
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15054 Cherry Street
Guerneville, CA 95446
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,497Sq Ft
4,550Lot Size
Property Price
LIST PRICE$305,000
EST. MARKET VALUE
$305,000
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $346,000—positioned well below the $356,520 Fair Market Value by 2%. This valuation gap offers $10,520 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring a large entertaining deck and flexible floor plan, the home requires a full rehab to reach its potential. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project in the Russian River area.
Estimated Market Value
$305,000
Based on Realkey algorithm analyzing recent comparable sales in Guerneville.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15054 Cherry Street Subject 2 bd · 2 ba · 1,497 sqft · $204 | $305,000* List Price | 2 | 2 | 1,497 | $204 | - |
A 14480 Old Cazadero Road Sold 2 bd · 1 ba · 1,260 sqft · $250 · 0.5 mi | $315,000 | 2 | 1 | 1,260 | $250 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1933, this property shows significant signs of deferred maintenance and incomplete renovations. While there are some recent updates like LVP flooring and a partial kitchen remodel, the interior features visible drywall damage, missing baseboards and trim, exposed wiring, and weathered exterior decking. As a HUD-owned property, it requires a full rehab to address safety and structural finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Russian River Location
Situated in the heart of Sonoma County's premier vacation hub, the property offers immediate access to world-class wineries, redwood forests, and river recreation.
- Significant Equity Potential
Priced at $346,000—well below its 2018 sale price of $432,000—this home presents a rare value-add opportunity for investors or buyers looking to build equity through personalization.
- Flexible Living Layout
The 1,497-square-foot floor plan includes a large entertaining deck and a versatile downstairs bonus area ideal for a home office, hobby room, or guest space.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1497, other record living area = 1066.
- HUD Property Condition
As a HUD-owned home, the property is sold in as-is condition, which typically requires buyers to navigate specific financing hurdles and potential immediate repair needs.
- Vintage Infrastructure
Originally built in 1933, the home likely requires modernization of its core systems and finishes to meet contemporary efficiency and aesthetic standards.
About 15054 Cherry Street
Welcome to this 2-bedroom, 2-bath, 1,497-square-foot home located in the heart of the Russian River vacation area. Offering a flexible floor plan and plenty of potential to personalize, this property is an excellent opportunity to create your own retreat in one of Sonoma County's most beloved destinations. The main level features a spacious living room with access to a large deck, creating a wonderful setting for relaxing, entertaining, or enjoying the surrounding natural beauty. The kitchen includes some updates and opens to a dedicated dining area, while a bedroom on this level adds convenience and versatility. Downstairs, you'll find an additional bedroom along with a bonus area that offers a variety of possibilities for a home office, hobby space, guest area, or additional living space. With room to bring your own vision and style, the home provides a great foundation for future improvements and customization. Enjoy the laid-back lifestyle of the Russian River, with swimming, kayaking, canoeing, hiking, wineries, redwood forests, and outdoor recreation all nearby. Downtown Guerneville is just a short distance away, offering local restaurants, cafs, shops, tasting rooms, and community events. Whether you're looking for a full-time residence, weekend getaway, or Sonoma County retreat, this property offers the chance to make the Russian River lifestyle your own. HUD Homes are an equal housing opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1933
- Lot Size
- 4,550 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,497 | 1,124.057 |
| Lot Size | 4,550 | 8,835.886 |
| Price | $305.0K | $578.6K |
| Price per sq ft | $204 | $540 |
| Built year | 1933 | 1949 |
| HOA | $0 | $0 |
| Days on market | 71 | 63 |
Pricing History
Listed for Sale
Oct 16, 2026
$305,000
$346,000
-12% Price Drop
Initial Listing
Price Change
Aug 15, 2026
$346,000
Initial Listing
Sold
Aug 13, 2018
$432,000
Public Record
Sold
Apr 23, 2007
$299,000
Public Record
Sold
Jun 24, 1996
$76,000
Public Record