
Santa Rosa, CA 95404
This property presents a High-Potential Investment Opportunity with a List Price of $995,000—positioned well below the $1,018,154 Fair Market Value by 2%. This valuation gap offers $23,154 in Instant Equity. Featuring a Poor Condition Rating due to its original 1980s finishes, the home offers significant value-add potential through modernization. The expansive 16,553 sqft lot and spacious deck provide a unique canvas for renovation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in the desirable Cobblestone community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3238 Cobblestone Drive Subject 4 bd · 3 ba · 2,459 sqft · $414 | $995,000* List Price | 4 | 3 | 2,459 | $414 | - |
A 2656 Fir Park Way Active 3 bd · 3 ba · 3,287 sqft · $380 · 0.7 mi | $1,249,000 List Price | 3 | 3 | 3,287 | $380 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old) and described as an 'original-owner time capsule,' the home retains its original kitchen with red Formica counters and vintage bathrooms. Per the criteria, properties over 30 years old without significant renovations that require a full rehab of dated finishes and systems are classified as poor.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16553, living area = 2459.
Situated in the sought-after Cobblestone community, the property offers a serene retreat close to parks, downtown Santa Rosa, and world-class Wine Country amenities.
The large 16,553 sqft lot features mature oak trees, a private garden, and a variety of fruit trees, providing a unique and tranquil natural setting.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =16553, other record lot size in square feet = 1270.
The home is characterized as a 'time capsule' with vintage wallpaper and red Formica counters, requiring a significant budget for cosmetic and functional updates.
Built in 1980 and maintained by the original owner, the property likely requires upgrades to major systems and fixtures to meet contemporary standards and efficiency.
Discover the appeal of Cobblestone, a sought-after Santa Rosa community where a friendly neighborhood setting brings a sense of retreat while keeping the best of Sonoma County close at hand. Nearby parks invite hiking, birding and exploring, while an abundance of restaurants, award-winning breweries and wineries offers plenty of ways to enjoy Wine Country living. Conveniently located near Keysight and downtown Santa Rosa, this original-owner, custom-built home is offered for the first timea special opportunity to make Cobblestone your own. Mature oak trees, natural stone, brick accents and a generous bay window welcome you to a charming time capsule filled with personality and possibility. Separate living, family and dining rooms provide space to gather or unwind, with a fireplace in the living room and a wood stove with a brick hearth in the family room. Bright floral and other wallpaper, warm wood cabinetry, built-in storage and cheerful red Formica counters in the kitchen and separate laundry room celebrate its vintage character. The kitchen connects to the family room, where sliding doors open to a spacious deck thoughtfully built around an established tree and natural boulder. Built-in seating and a quiet, very private garden setting make it an inviting place for morning coffee, outdoor dining and entertaining, with convenient half-bath access from the deck. Paths meander through the large lot's mature landscaping, complemented by Beauty and Santa Rosa plums, a Golden Delicious apple, a Meyer lemon tree, a fruitless cherry and more. With its established trees and room to introduce bird-friendly plantings, the yard offers the opportunity to create a welcoming habitat for feathered visitors. Partial basement storage includes an area off the garage beneath the laundry room with potential for wine storage. Enjoy the original charm or bring your vision to this distinctive home and its next chapter in desirable Cobblestone. Most furniture shown in the photos has been virtually added.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 2,459 | 1,678.111 |
| Lot Size | 16,553 | 7,642.197 |
| Price | $995.0K | $773.8K |
| Price per sq ft | $405 | $489 |
| Built year | 1980 | 1984 |
| HOA | $720 | $133 |
| Days on market | 12 | 47 |
Oct 12, 2026
$995,000
Initial Listing