
Petaluma, CA 94954
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $535,000—positioned well below the $649,705 Fair Market Value by 17%. This valuation gap offers $114,705 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the unit boasts modern luxury vinyl plank flooring and quartz countertops. With a private patio, detached garage, and access to community pools, this property is an ideal choice for first-time buyers or Owner-Occupants seeking a stylish, move-in-ready home in a central Petaluma location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 416 Park Place Subject 2 bd · 2 ba · 1,169 sqft · $556 | $535,000* List Price | 2 | 2 | 1,169 | $556 | - |
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 240 Park Place Drive Pending 2 bd · 1 ba · 872 sqft · $591 · 0.3 mi | $515,000 List Price | 2 | 1 | 872 | $591 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1989, the property has undergone a very recent renovation (likely <5 years) as evidenced by the brand-new stainless steel appliances with tags, fresh luxury vinyl plank flooring, and new quartz countertops. The interior is in mint, move-in-ready condition with no visible maintenance needs.
The property features contemporary luxury vinyl plank flooring and quartz countertops, providing a stylish, move-in-ready environment that appeals to today's buyers.
As a single-level end-unit, this home offers increased privacy, better natural light, and easier accessibility compared to standard interior or multi-story condominiums.
The rare combination of a detached one-car garage plus an additional assigned space, along with access to two community pools and parks, adds significant functional and lifestyle value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1138, other record lot size in square feet = 1545.
The monthly HOA fee of $560 is a substantial recurring expense that may impact buyer affordability and overall monthly carrying costs.
Built in 1989, the complex may soon require larger-scale capital improvements or maintenance to aging common area infrastructure, despite the unit's interior renovations.
Welcome to 416 Park Place! This beautifully updated 2-bedroom, 2-bath single-level end-unit condominium offers a wonderful combination of style, comfort, convenience, and community amenities in a central Petaluma location. Step inside to a fresh, move-in-ready, interior featuring luxury vinyl plank flooring and beautiful quartz countertops. The thoughtfully designed floor plan includes two comfortable bedrooms, two full bathrooms, and convenient in-unit laundry hookups. Step outside to your own private patio. An inviting space for morning coffee, outdoor dining, gardening, or simply relaxing at the end of the day. The property also includes a detached one-car garage plus an additional assigned parking space. Residents of the Park Place community enjoy access to two swimming pools and two community parks, adding even more opportunities to relax and enjoy the outdoors. Conveniently located near Petaluma Valley Hospital, with easy access to both Highway 101 North and South, as well as the back roads toward Cotati and surrounding Sonoma County communities. Shopping, dining, parks, and everyday conveniences are all within easy reach. With its desirable end-unit location, single-level living, stylish updates, private patio, detached garage, additional assigned parking, in-unit laundry hookups, and fantastic community amenities, 416 Park Place is ready to welcome its next owner. Move right in and enjoy comfortable Petaluma living!
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 | 1,138 | 984.25 |
| Price | $535.0K | $514.2K |
| Price per sq ft | $458 | $512 |
| Built year | 1989 | 2003 |
| HOA | $560 | $388 |
| Days on market | 24 | 54 |
Sep 30, 2026
$535,000
Initial Listing
Feb 11, 2009
$224,000
Public Record
Dec 3, 2004
$395,000
Public Record