
Petaluma, CA 94954
This property presents a Strong Value Opportunity with a List Price of $775,000—positioned well below the $839,276 Fair Market Value by 7%. This valuation gap offers $64,276 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates but offers a versatile floor plan with a main-level junior suite and a large 10,285 sqft lot with an in-ground pool. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 168 Rancho Bonito Circle Subject | $775,000* List Price | 4 | 3 | 2,225 | $377 | - |
A 1059 Santa Clara Lane Sold | $800,000 | 4 | 3 | 2,148 | $372 | 0.8 mi |
B 1569 Trellis Lane Sold | $830,000 | 4 | 3 | 2,128 | $390 | 0.7 mi |
C 1097 Crinella Drive Sold | $710,000 | 4 | 2 | 1,633 | $435 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1978 (46 years old) and marketed as a 'cosmetic fixer,' this property shows significant signs of neglect. The kitchen features dated cabinetry and fluorescent box lighting, while the exterior reveals a stagnant, green pool and overgrown landscaping, indicating a need for a full rehab rather than minor updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10285, living area = 2225.
The 2,225 sqft layout features a rare main-level bedroom and full bathroom, providing ideal flexibility for multi-generational living, guests, or a private home office.
Situated on a large 10,285 sqft lot, the property includes an in-ground swimming pool, mature redwoods, and fruit trees, creating a private, park-like setting for entertaining.
As a cosmetic fixer, the property will require an immediate and potentially significant investment of time and capital to modernize the interior finishes and fixtures.
Built in 1978, the home likely features original systems and older architectural elements that may require updates to meet current energy efficiency and modern aesthetic standards.
Perfectly situated in an exceptional location, this spacious two-story home offers 4 bedrooms and 3 full bathrooms, including a desirable main-level bedroom and full bath, ideal for guests, multi-generational living, or a private home office. Enjoyed for years, this home is filled with the warmth of cherished memories and is now ready for its next chapter. A wonderful cosmetic fixer, it offers the perfect opportunity to add your own style and personal touches while creating a home that reflects your vision. Designed with space in mind, the generous floor plan features oversized closets, abundant storage, and room for everyone to spread out and enjoy. The downstairs junior suite provides flexibility for a variety of living arrangements. Step outside to a spacious backyard ready to become your outside oasis where an in-ground swimming pool invites endless summer fun. Mature redwoods create a canopy of shade and beauty, while established fruit trees and lush cactus create a peaceful the backdrop for a park-like setting. The expansive lot offers plenty of room for entertaining, gardening, play, or simply relaxing. With an outstanding location, generous living spaces, and incredible potential, this is a rare opportunity to create your dream home in one of Petaluma most desirable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,225 | 1,819.93 |
| Lot Size | 10,285 | 6,258.866 |
| Price | $775.0K | $911.4K |
| Price per sq ft | $348 | $555 |
| Built year | 1978 | 1974 |
| HOA | $0 | $127 |
| Days on market | 32 | 36 |
Aug 8, 2026
$775,000
Initial Listing