346 Lake Street, Sonoma, CA 95476, Sonoma, 95476 - 2 bed, 1 bath
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346 Lake Street
Sonoma, CA 95476
ACTIVE
CONDITION: POOR
2Beds
1Baths
998Sq Ft
5,118Lot Size
Property Price
LIST PRICE$559,000
EST. MARKET VALUE
$539,801
3% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $559,000—positioned well below the $539,801 Fair Market Value by -3%. Featuring a Fair Condition Rating (5/10), the home requires a comprehensive interior renovation to modernize its 1965-era finishes. The property offers a private lot with mature landscaping and excellent commuter access to Highways 121 and 37. This asset is best suited for Value-Add Investors or Contractors seeking a project with significant upside potential in the Sonoma market.
Estimated Market Value
$539,801
Based on Realkey algorithm analyzing recent comparable sales in Sonoma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 346 Lake Street Subject 2 bd · 1 ba · 998 sqft · $541 | $559,000* List Price | 2 | 1 | 998 | $541 | - |
A 187 Pine Avenue Sold 3 bd · 1 ba · 1,056 sqft · $554 · 0.6 mi | $585,000 | 3 | 1 | 1,056 | $554 | 0.6 mi |
B 110 Fetters Avenue Active 2 bd · 1 ba · 782 sqft · $639 · 0.5 mi | $500,000 List Price | 2 | 1 | 782 | $639 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1965 (59 years old), the property features a significantly dated kitchen with original-style cabinetry and laminate countertops that appear over 30 years old. Given the age and lack of visible renovations to major systems or interiors, the home requires a comprehensive rehab to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Commuter-Friendly Location
The property offers excellent accessibility to Arnold Drive and Highways 121 and 37, making it an ideal choice for those commuting to the broader Bay Area.
- Private Outdoor Space
Both the front and back yards are private and feature mature trees and landscaping, providing a well-established and tranquil outdoor environment.
- Proximity to Amenities
Located within walking distance of Sonoma Charter Elementary and near local shops and restaurants, the home provides great convenience for daily needs.
CONSRISKS & DEFICIENCIES
- Limited Square Footage
At just under 1,000 square feet with only one bathroom, the home's compact size may be a limitation for buyers seeking more interior space or flexibility.
- Potential for Modernization
Built in 1965, the property may require capital investment for updates to its original systems or interior finishes to align with contemporary standards.
About 346 Lake Street
This 2 bed, 1 bath cottage, built in 1965, offers about 1,000 square feet of easy, comfortable living in Agua Caliente. The front and back yards are both private, with mature trees and landscaping that give the property a settled, established feel. 346 Lake Street puts you within walking distance of Sonoma Charter Elementary, with restaurants and shops close by and the Plaza about a 12-minute drive away. Arnold Drive is right there too, so Highways 121 and 37 are an easy hop on your way south to the broader Bay Area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 5,118 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.7 |
| Baths | 1.0 | 2.0 |
| Square foot | 998 | 1,545.964 |
| Lot Size | 5,118 | 7,343.59 |
| Price | $559.0K | $861.0K |
| Price per sq ft | $560 | $628 |
| Built year | 1965 | 1976 |
| HOA | $0 | $247 |
| Days on market | 3 | 56 |
Pricing History
Listed for Sale
Oct 22, 2026
$559,000
Initial Listing
Sold
Aug 10, 2007
$436,000
Public Record