477 Orchard Lane, Penngrove, CA 94951, Penngrove, 94951 - 5 bed, 3 bath
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Penngrove, CA 94951
This Unique Multi-Unit Residential Compound is a Strong Value Opportunity, listed at $1,495,950—positioned well below the $1,652,190 Fair Market Value by 9%. This valuation gap offers $156,240 in Instant Equity for the incoming buyer. The property features two detached homes and an additional apartment on a one-acre lot with mature redwoods, boasting a Good Condition Rating with updated kitchens and modern HVAC systems. This versatile layout provides exceptional rental income or live-work potential. It is perfectly suited for Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 477 Orchard Lane Subject | $1,495,950* List Price | 5 | 3 | 2,811 | $532 | - |
A 590 Elysian Avenue Sold | $1,265,000 | 3 | 2 | 1,887 | $670 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1948, the property has undergone extensive renovations and is in move-in ready condition. The kitchens feature modern stainless steel appliances, stone countertops, and updated cabinetry. Bathrooms have been modernized with contemporary tile work and fixtures. The presence of recessed lighting, refinished hardwood floors, and modern ductless mini-split HVAC systems indicates significant updates to major systems and finishes within the last 5 to 15 years, meeting the criteria for a 'good' condition rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39566, living area = 2811.
The property features two detached single-family homes plus an additional apartment, offering unparalleled flexibility for multi-generational living, guest housing, or significant rental income potential.
Situated on nearly one acre of beautifully landscaped land with mature redwood trees, providing a private, serene, and rare rural setting within Penngrove.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2811, other record living area = 1843. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
With the original structure dating back to 1948, the property may require ongoing maintenance or updates to core systems to meet modern energy efficiency and building standards.
The configuration of only three bathrooms to serve five bedrooms across three separate living units may be insufficient for high-occupancy use or premium rental demands.
473-477 Orchard Ln., Penngrove, CA 94951 Unique residential opportunity featuring two detached single-family homes. one with an attached 500 ft. plus or minus apartment. This.home sits on approximately 1 beautifully laid-out acre. Thoughtfully designed and well maintained, this property provides exceptional flexibility for multi-generational living, guest accommodations, rental income, or live-work potential. A rare combination of land, versatility, and income opportunity in one cohesive setting. There's a few really beautiful redwood trees as well. This is a great setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 69% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,811 | 2,108 | 62% |
| Lot Size | 39,566 | 57,935 | 38% |
| Price | $1.50M | $1.34M | 69% |
| Price per sq ft | $532 | $604 | 38% |
| Built year | 1948 | 1972 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 210 | 8% |
Jan 5, 2026
$1,495,950
Initial Listing
Oct 18, 2022
$900,000
Public Record
Jul 3, 2008
$555,000
Public Record