316 Vallejo Street, Petaluma, CA 94952, Petaluma, 94952 - 3 bed, 2 bath
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Petaluma, CA 94952
This Historic Victorian Asset is listed at $719,000, representing a stable valuation aligned with its $719,000 Fair Market Value. Currently maintaining a Condition Rating of 4, the property offers significant Value-Add potential through its 8,882 Sq Ft Lot and a tentative map for a 2-parcel split. Located in Midtown Petaluma with a private patio, distant mountain views, and plans for a basement ADU, the infrastructure supports forced appreciation. With seller financing potential, this is a premier choice for Value-Add Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 316 Vallejo Street Subject | $869,000* List Price | 3 | 2 | 1,248 | $696 | - |
A 14 Kent Street Sold | $915,000 List Price | 3 | 2 | 1,475 | 0.7 mi | |
B 55 Burlington Drive Sold | $665,000 | 3 | 2 | 1,144 | $581 | 0.6 mi |
C 36 Cordelia Drive Sold | $729,900 List Price | 3 | 2 | 1,186 | 0.7 mi | |
D 618 620 E Street Sold | $799,000 | 2 | 2 | 1,527 | $523 | 0.8 mi |
E 886 Olive Street Sold | $770,000 | 3 | 2 | 1,150 | $670 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1890 Victorian has received a recent cosmetic refresh, including new wide-plank laminate flooring and fresh interior paint throughout, making it move-in ready. However, it lacks a comprehensive modern renovation; the heating system relies on outdated gas wall units, and the exterior and windows show signs of age consistent with a century-old structure. While clean and functional, the property requires further updates to its core systems and infrastructure to meet higher quality standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8882, living area = 1248.
The property offers significant value-add opportunities with a tentative map to split the lot into two parcels and existing plans to convert the full basement into a second unit.
Built in 1890, this Victorian-style home features authentic historical character and architectural appeal that is highly sought after in the Petaluma market.
Due to its 1890 construction date, the home may require substantial updates to its mechanical, electrical, or plumbing systems to meet modern standards.
The listing price is restricted to the house and its immediate lot only, and the ongoing tentative map process for the lot split may introduce administrative hurdles for the buyer.
Welcome to 316 Vallejo Street in the heart of Petaluma, CA a charming Victorian-style single-family home that exudes both history and potential. This residence offers 1,248 square feet of thoughtfully designed living space, featuring 3 bedrooms and 2 bathrooms. With a total of 6 rooms, this home provides a versatile layout that can accommodate a range of lifestyle needs. The home is not only practical but also boasts a full basement, providing ample storage space and the potential for further customization to suit your personal style or functional requirements. Plans avail to turn the basement into a 2nd Unit. Situated in the vibrant Midtown neighborhood, the location of this property is ideal for those who appreciate the convenience of nearby amenities and community offerings. Whether you're looking to enjoy local dining, shopping, or the ease of accessing transportation hubs, this location offers it all.This property is part of a tentative map to split into 2 parcels of approx 4000 sq ft. Also the vacant area to the left of the home is part of the tentative map also listed under Land under a separate AP #. Buy One/Some/or All after final map! Seller may consider carrying a 2nd. Terms negotiable. This price is for the house and the lot it's on ONLY.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,248 | 1,845 | 23% |
| Lot Size | 8,882 | 7,000 | 58% |
| Price | $869.0K | $1.05M | 34% |
| Price per sq ft | $696 | $566 | 73% |
| Built year | 1890 | 1964 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 147 | 183 | 31% |
Apr 21, 2026
$869,000
$719,000
+21% Price Increase
Initial Listing
Nov 26, 2025
$719,000
Initial Listing
Mar 18, 2016
$620,000
Public Record