382 Park Place, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 3 bath
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382 Park Place
Petaluma, CA 94954
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,503Sq Ft
1,036Lot Size
Property Price
LIST PRICE$585,000
EST. MARKET VALUE
$619,228
5% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $585,000—positioned well below the $619,228 Fair Market Value by 5%. This valuation gap offers $34,228 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers a functional 1,503 sqft layout in the desirable Park Place community. While it requires cosmetic updates, the property provides a solid foundation for value-add improvements. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a well-located Petaluma residence.
Estimated Market Value
$619,228+$34,228 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 382 Park Place Subject 3 bd · 3 ba · 1,503 sqft · $412 | $585,000* List Price | 3 | 3 | 1,503 | $412 | - |
A 88 Park Place Drive Active 3 bd · 2 ba · 1,320 sqft · $454 · 0.1 mi | $599,000 List Price | 3 | 2 | 1,320 | $454 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1989, this 37-year-old property is dated but functional. The exterior shows standard wear for its age, and the listing description notes it as an opportunity to 'make this home your own,' indicating it likely features original finishes that require cosmetic updates and minor repairs rather than major structural rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Community Location
Situated in the sought-after Park Place community, the property offers excellent proximity to local shopping, dining, parks, and highly-rated schools, enhancing its long-term value.
- Functional Spacious Layout
With 1,503 square feet featuring 3 bedrooms and 3 bathrooms, the home provides a generous and practical floor plan that is well-suited for families or those needing extra space.
- Abundant Natural Light
The interior is specifically designed to maximize natural light, creating an inviting, airy, and bright atmosphere throughout the primary living areas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1036, other record lot size in square feet = 1183.
- High Association Fees
The monthly HOA fee of $611 is a significant recurring expense that may impact the overall monthly affordability and debt-to-income ratio for potential buyers.
- Limited Private Outdoor Space
With a lot size of only 1,036 square feet, the property offers very limited private outdoor area, which may be a drawback for buyers seeking a traditional yard.
About 382 Park Place
Welcome to 382 Park Place Dr in Petaluma! This inviting home is located in the desirable Park Place community and offers a comfortable, functional layout with plenty of natural light. Enjoy convenient access to community amenities, shopping, dining, parks, and nearby schools. A great opportunity to make this Petaluma home your own. Welcome to 382 Park Place Dr in Petaluma! This inviting home is located in the desirable Park Place community and offers a comfortable, functional layout with plenty of natural light. Enjoy convenient access to community amenities, shopping, dining, parks, and nearby schools. A great opportunity to make this Petaluma home your own.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- 1,036 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $611 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.8 |
| Baths | 3.0 | 1.5 |
| Square foot | 1,503 | 1,088 |
| Lot Size | 1,036 | 984.25 |
| Price | $585.0K | $514.2K |
| Price per sq ft | $389 | $512 |
| Built year | 1989 | 2003 |
| HOA | $611 | $388 |
| Days on market | 32 | 54 |
Pricing History
Listed for Sale
Sep 22, 2026
$585,000
Initial Listing
Sold
Feb 5, 2002
$250,000
Public Record
Sold
Sep 30, 1999
$170,000
Public Record