304 S Mcdowell Boulevard, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 1 bath
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Petaluma, CA 94954
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $533,563 Fair Market Value by 1%. This valuation gap offers $8,563 in Instant Equity for buyers willing to execute a renovation plan. With a Condition Rating of 5, the home requires a full rehab, but the 5,750 sq. ft. lot and prime location provide significant upside. This is a value-add acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with immediate sweat equity potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 304 S Mcdowell Boulevard Subject | $525,000* List Price | 3 | 1 | 1,074 | $497 | - |
A 416 Cortez Drive Sold | $525,000 | 3 | 1 | 966 | $543 | 0.2 mi |
B 813 Saint Francis Dr Sold | $625,000 | 4 | 2 | 1,400 | $446 | 0.7 mi |
C 1321 Mcneil Avenue Active | $618,000 List Price | 3 | 1 | 1,030 | $600 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1952 and marketed as a 'diamond in the rough' and 'blank canvas,' this property requires a full rehab. The kitchen features highly dated cabinetry and linoleum flooring (>30 years old), and the listing's emphasis on 'sweat equity' and 'restoration' indicates that major systems and finishes are past their functional lifespan.
Marketed as a 'blank canvas' and 'diamond in the rough,' this property offers a significant opportunity for buyers to build immediate sweat equity through renovation and restoration.
The home is ideally situated with quick and easy access to local shopping, restaurants, schools, parks, and major freeway routes, providing high convenience for commuters and families.
The 5,750 sq. ft. lot provides a solid footprint with ample space for potential expansion, ADU possibilities, or creating a personalized outdoor living environment.
The property is being sold in as-is condition, implying deferred maintenance and the need for a substantial capital injection to bring the home up to modern standards.
With only one bathroom serving three bedrooms, the current configuration may be a drawback for modern families and could require a layout reconfiguration to add a second bath.
Opportunity Knocks! This classic 1952 single-family home is the ultimate blank canvas. Bring your imagination and creativity to transform this little gem. Offering a solid footprint with 3 bedrooms, 1 bathroom, and a generous 5,750 sq. ft. lot. This property is the perfect opportunity for buyers looking to build immediate sweat equity. The possibilities are endless renovate, restore, or expand to perfectly suit your lifestyle. Quick & easy access to shopping, restaurants, schools, parks, freeway and much more. The property is being sold as-is. Bring your crew to transform this diamond in the rough into the home you've always wanted!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 1,074 | - |
| Lot Size | 5,750 | - |
| Price | $525.0K | $978.8K |
| Price per sq ft | $489 | $525 |
| Built year | 1952 | 0 |
| HOA | $0 | $0 |
| Days on market | 8 | 38 |
Jul 14, 2026
$525,000
Initial Listing