
Petaluma, CA 94954
This Single-Level Condominium represents a Strong Value Opportunity, listed at $565,000—positioned well below the $592,329 Fair Market Value by 4%. This valuation gap offers $27,329 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home includes Oak Hardwood Floors and a Private Patio, offering a blend of character and outdoor utility. While the HOA fee is notable, the ground-floor accessibility and prime Petaluma location make this an ideal acquisition for first-time buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 366 Park Place Drive Subject 2 bd · 2 ba · 1,169 sqft · $507 | $565,000* List Price | 2 | 2 | 1,169 | $507 | - |
A 126 Park Place Drive Sold 1 bd · 1 ba · 740 sqft · $539 · 0.1 mi | $399,000 | 1 | 1 | 740 | $539 | 0.1 mi |
B 382 Park Place Active 3 bd · 3 ba · 1,503 sqft · $389 · 0.0 mi | $585,000 List Price | 3 | 3 | 1,503 | $389 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property falls into the dated category. While it features attractive oak hardwood floors and fresh paint, the kitchen and bathrooms appear to have original or older components, including laminate countertops and white appliances. It is well-maintained and move-in ready, but the age of the systems and lack of a recent full renovation place it in the fair category.
The ground-floor, single-level layout provides exceptional ease of access and convenience, making it an ideal choice for downsizers or those seeking a stair-free lifestyle.
Unlike many condominiums, this unit includes a private, low-maintenance yard, offering a rare outdoor retreat for gardening, pets, or quiet relaxation.
The inclusion of oak hardwood floors and a classic brick fireplace adds a level of warmth and architectural character often missing in modern condo developments.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1398, other record lot size in square feet = 1545.
The monthly HOA fee of $560 is relatively high, which increases the total monthly carrying cost and may impact the purchasing power of budget-conscious buyers.
Built in 1989, the property may soon require updates to major systems or cosmetic refreshments to keep pace with modern design trends and energy efficiency standards.
Set in the desirable Park Place neighborhood, this inviting ground-floor condo blends the ease of single-level living with warm character and a private outdoor retreat. Oak hardwood floors and a classic brick fireplace anchor the sun-drenched living room, which flows naturally into the dining areaan ideal setting for quiet evenings or gathering with friends. The charming kitchen features open shelving, bringing personality and a place to display favorite pieces. Two generously sized bedrooms include a spacious primary suite with an ensuite bath, while a second full bathroom adds everyday convenience. Outside, the private, low-maintenance yard offers a peaceful spot for morning coffee, gardening, or relaxed afternoons in the fresh air. Complete with a one-car garage, this welcoming home is an appealing opportunity for those purchasing their first home, seeking an investment, or embracing a simpler pace.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 2.0 | 1.5 |
| Square foot | 1,169 | 1,088 |
| Lot Size | 1,398 | 984.25 |
| Price | $565.0K | $514.2K |
| Price per sq ft | $483 | $512 |
| Built year | 1989 | 2003 |
| HOA | $560 | $388 |
| Days on market | 8 | 54 |
Oct 16, 2026
$565,000
Initial Listing
May 10, 2019
$470,000
Public Record
Nov 25, 2008
$270,000
Public Record
Nov 16, 2004
$385,000
Public Record