427 Fair Street, Petaluma, CA 94952, Petaluma, 94952 - 3 bed, 2 bath
427 Fair Street
Petaluma, CA 94952
Property Price
SUMMARY
Analysis of 427 Fair Street, Petaluma, CA 94952 reveals a property with a current list price of $1,195,000, which is 11% above the estimated $1,074,326 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Petaluma Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 427 Fair Street Subject | $1,195,000* List Price | 3 | 2 | 1,672 | $643 | - |
A 723 I Street Sold | $925,000 | 3 | 3 | 1,747 | $529 | 0.9 mi |
B 12 Fair Street Sold | $1,475,000 | 2 | 2 | 1,649 | $894 | 0.4 mi |
C 543 Madison Street Sold | $1,075,000 | 4 | 4 | 2,078 | $517 | 1.0 mi |
D 605 Baker Street Sold | $865,000 | 2 | 2 | 1,167 | $741 | 0.2 mi |
E 510 F Street Sold | $1,260,000 | 3 | 3 | 1,381 | $912 | 0.7 mi |
F 65 Riverbend Lane Sold | $1,092,000 | 4 | 4 | 2,078 | $526 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1923, this property has been completely transformed by a custom builder with a new open floor plan and high-end modern finishes. The extensive recent renovation includes updated systems and high-quality craftsmanship throughout, meeting the criteria for a property renovated within the last 5 years with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime West Petaluma Location
Situated on a desirable corner lot along a tree-lined street, this property offers exceptional curb appeal in one of Petaluma's most sought-after historic neighborhoods.
- High-End Custom Renovation
Completely transformed by a top-tier custom builder, the home features a seamless blend of original 1923 Craftsman charm and high-quality modern craftsmanship.
- Modern Open Floor Plan
The interior has been reimagined with a contemporary open layout that maximizes flow and functionality, providing a modern living experience rarely found in vintage homes.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1672, other record living area = 1532.
- Limited Lot Size
The 4,500 square foot lot is relatively compact, which may limit outdoor recreational space or future expansion possibilities for the owner.
- Premium Price Point
The listing price reflects a significant premium per square foot, which may be a hurdle for buyers seeking more interior volume or a larger footprint at this valuation.
About 427 Fair Street
Set along a tree-lined street in West Petaluma, this 1923 Craftsman sits on a corner lot and has been completely transformed by one of the top custom builders in the Bay Area. The enclosed front porch retains much of its original charmwhile its new open floor plan brings it into a new modern wonderful living experience. It has 3 Bedrooms with 2 Full Bathrooms with approximately 1523 Sq ft. Not to be missed!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1923
- Lot Size
- 4,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,672 | 1,857 | 40% |
| Lot Size | 4,500 | 7,241.5 | 15% |
| Price | $1.20M | $1.17M | 51% |
| Price per sq ft | $715 | $605 | 68% |
| Built year | 1923 | 1960 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 166 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,195,000
Initial Listing
Sold
Nov 9, 2021
$725,000
Public Record