1755 Northstar Drive, 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 $765,000—positioned well above the $695,169 Fair Market Value by 10%. While the property requires a full cosmetic rehab due to its Fair Condition Rating, the single-level layout and access to community amenities like a pool and tennis courts provide a solid foundation for value-add projects. The home’s proximity to Leghorn Marketplace and local parks ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Contractors seeking a project with significant modernization potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1755 Northstar Drive Subject | $765,000* List Price | 3 | 2 | 1,376 | $505 | - |
A 542 Acadia Drive Sold | $809,000 | 3 | 2 | 1,456 | $556 | 0.4 mi |
B 116 Banff Way Active | $795,000 List Price | 3 | 2 | 1,358 | $585 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1985 (39 years old) with no evidence of major renovations. The kitchen features original oak cabinetry, laminate countertops, and dated white appliances. Interior finishes including popcorn ceilings, floral wallpaper borders, and older carpeting indicate the property is past the 30-year threshold and requires a full cosmetic rehab.
The property is ideally situated in East Petaluma, offering immediate proximity to Leghorn Marketplace, Lucchesi Park, and Petaluma Valley Hospital for maximum convenience.
The practical one-story floor plan provides excellent accessibility and ease of maintenance, a highly sought-after feature for both first-time buyers and those looking to downsize.
For a modest $80 monthly HOA fee, residents enjoy access to premium neighborhood amenities including a swimming pool, tennis courts, and expansive green spaces.
Built in 1985, the home may require capital investment for cosmetic or functional updates to meet the aesthetic standards of modern buyers.
With 1,376 square feet of living space on a 5,610 square foot lot, the property offers a more modest scale that may limit buyers seeking larger indoor or outdoor areas.
This single-level home in East Petaluma's Morningstar neighborhood offers a practical layout and a highly convenient location. The straightforward floor plan features 3 bedrooms, 2 full bathrooms, and an attached 2-car garage for parking and storage. Residents of the Morningstar community have access to shared neighborhood amenities, including a large grass area, two tennis courts, and a pool. The home is centrally located near many of East Petaluma's key conveniences. You are just minutes away from daily shopping at Leghorn Marketplace and other nearby shopping centers. Outdoor recreation is close by at Leghorn's Park and Lucchesi Park, which sits adjacent to the Petaluma Community Center. Additionally, Petaluma Valley Hospital is in close proximity, making this an incredibly accessible location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,376 | - |
| Lot Size | 5,610 | - |
| Price | $765.0K | $978.8K |
| Price per sq ft | $556 | $525 |
| Built year | 1985 | 0 |
| HOA | $80 | $0 |
| Days on market | 8 | 38 |
Jul 14, 2026
$765,000
Initial Listing
Aug 27, 1999
$221,000
Public Record
Jan 24, 1995
$162,500
Public Record