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
0Lot 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 3-bedroom, 3-bathroom layout in the desirable Park Place community, the home maintains a Fair Condition Rating (4/10), providing a canvas for cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through personalization.
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.
Property is 37 years old (built in 1989) with no mentioned renovations. The exterior appears dated but maintained, and the listing description indicates it is a functional home needing updates to personalize.
PROSSTRENGTHS & OPPORTUNITIES
- Desirable Community Location
Situated in the sought-after Park Place community, this home offers prime access to local shopping, dining, parks, and schools, making it an ideal location for convenience and lifestyle.
- Spacious and Functional Layout
Featuring 3 bedrooms and 3 bathrooms across 1,503 square feet, the property provides a generous and versatile floor plan that is well-suited for families or those needing extra home office space.
- Abundant Natural Light
The home is designed to maximize natural light, creating an inviting, bright, and airy atmosphere that enhances the overall living experience.
CONSRISKS & DEFICIENCIES
- High Monthly HOA Fees
The association fee of $611 per month is a significant recurring expense that may impact buyer affordability and overall monthly carrying costs.
- Potential for Modernization
Built in 1989, the property may require cosmetic updates or renovations to meet modern aesthetic standards, as suggested by the opportunity to 'make this home your own.'
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.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- -
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 | - | 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