1997 Rainier Circle, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 3 bath
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1997 Rainier Circle
Petaluma, CA 94954
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,072Sq Ft
4,046Lot Size
Property Price
LIST PRICE$749,900
EST. MARKET VALUE
$823,903
8% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $769,000—positioned well below the $890,687 Fair Market Value by 13%. This valuation gap offers $121,687 in Instant Equity. With a Condition Rating of 3, the home features recent cosmetic updates, newer appliances, and a private patio with fruit trees. Located near top-rated schools like Casa Grande High, this property balances lifestyle comfort with financial upside, making it an ideal acquisition for Owner-Occupants or first-time buyers.
Estimated Market Value
$823,903+$74,003 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1997 Rainier Circle Subject 3 bd · 3 ba · 2,072 sqft · $398 | $749,900* List Price | 3 | 3 | 2,072 | $398 | - |
A 1452 Capri Avenue Active 4 bd · 3 ba · 1,985 sqft · $451 · 0.5 mi | $895,000 List Price | 4 | 3 | 1,985 | $451 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1994 and well-maintained with significant recent cosmetic updates including fresh interior paint, new carpet, and updated bathroom flooring. The kitchen features newer stainless-steel appliances, though it retains dated tile countertops. The property is move-in ready and functional, benefiting from an HOA that maintains the roof and exterior.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Accessibility
Situated on a desirable corner lot on Petaluma's East side, the property offers exceptional proximity to top-rated schools, parks, hiking trails, and essential shopping centers.
- Turn-Key Interior Updates
The home features significant recent improvements, including fresh interior paint, new carpeting, updated bathroom flooring, and newer stainless-steel appliances, ensuring a move-in-ready experience for buyers.
- Scenic Outdoor Living
The property boasts beautiful mountain views and a private backyard oasis complete with a patio and a variety of mature fruit trees, including cherry, apple, peach, and lemon.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Dues
The $415 monthly association fee adds a substantial recurring expense to the cost of ownership, which may be a deterrent for budget-conscious buyers despite the maintenance coverage.
- Compact Lot Size
With a lot size of approximately 4,046 square feet, the outdoor space is relatively modest for a home exceeding 2,000 square feet, potentially limiting privacy or space for large-scale outdoor activities.
About 1997 Rainier Circle
A wonderful opportunity is located on the East side of Petaluma! This well-maintained corner-lot home offers a great location and great updates. Attractive pastel shade tile flooring spans the main living areas, and the lower-level kitchen features newer stainless-steel appliances, a trash compactor, tile countertops, a pantry, and abundant natural light. Recent improvements include fresh interior paint, newly painted cabinets, new carpet, and updated bathroom flooring. The primary bedroom includes a spacious walk-in closet and an en-suite bathroom with a double-sink vanity. A newer washer and dryer are included. The home also offers a two-car garage with a refrigerator that stays with the new owner. Enjoy outdoor living in the backyard patio surrounded by scrumptious cherry, apple, peach, lemon trees and a Japanese Maple tree. Unique proximity to schools, Junior College, parks, hiking trails, Health offices, shopping, tennis courts and a lot more. Monthly HOA dues are $415 covering the roof, exterior Paint, front yard maintenance, and insurance on the structure. Come check out this uniquely positioned opportunity in Petaluma that can be yours to call Home!!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1994
- Lot Size
- 4,046 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $415 / Month
Neighborhood Insights
Petaluma Unified Schools
Kenilworth Junior High School
Grades 7-8 • 0.7 mi
5/10
Casa Grande High School
Grades 9-12 • 2.6 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,072 | 1,792.34 |
| Lot Size | 4,046 | 6,300.582 |
| Price | $749.9K | $939.8K |
| Price per sq ft | $362 | $548 |
| Built year | 1994 | 1974 |
| HOA | $415 | $134 |
| Days on market | 11 | 35 |
Pricing History
Listed for Sale
Oct 23, 2026
$749,900
$769,000
-2% Price Drop
Initial Listing
Price Change
Oct 13, 2026
$769,000
Initial Listing
Sold
Sep 24, 2013
$460,000
Public Record
Sold
Jun 9, 2000
$337,000
Public Record
Sold
Nov 25, 1997
$228,000
Public Record
Sold
Mar 1, 1994
$213,000
Public Record