4867 Lakeville, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 2 bath
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Petaluma, CA 94954
This Specialized Ranch Estate represents a High-Potential Investment Opportunity, listed at $1,695,000—positioned well below the $1,764,471 Fair Market Value by 3%. This valuation gap offers $69,471 in Instant Equity. While the 1,840 sqft residence holds a Condition Rating of 4 and requires interior modernization, the property boasts an Exceptional 22,000 sqft Greenhouse and 5.87 acres of land. Featuring a swimming pool and expansive pasture views, the site offers massive utility. This is an ideal acquisition for Agricultural Entrepreneurs or Owner-Occupants seeking a unique value-add asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4867 Lakeville Subject | $1,695,000* List Price | 3 | 2 | 1,840 | $959 | - |
A 4867 Lakeville Highway Active | $1,695,000 List Price | 3 | 2 | 1,840 | $921 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the residential portion of the property shows signs of age and lacks recent major renovations. The kitchen is outdated with original-style cabinetry, laminate countertops, and fluorescent light boxes. While the interior features updated laminate flooring, the exterior deck is heavily weathered and the pool area appears neglected. The property is functional but requires modernization and minor repairs to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 255697, living area = 1840.
The property features a massive, 22,000 sqft upgraded greenhouse equipped with retractable ceilings and climate control, offering immense value for commercial or specialized cultivation.
Situated on 5.87 acres with serene pasture views, this ranch-style estate provides significant privacy and ample space for outdoor activities or livestock.
The specialized nature of the large-scale greenhouse may limit the buyer pool to those specifically interested in agricultural operations rather than traditional residential buyers.
With the home built in 1988 and offering 1,840 sqft of living space, the residence is relatively small compared to the overall price point and may require modern updates.
This warm 3bedroom/2 full bathroom ranch style home is nestled on a 5.87 acre land with pasture views. It has many features such as a master bedroom with a master bath, dining area, family room and living room. The backyard features a deck and swimming pool which is next to a 4 car garage. Included in this property is an upgraded 22,000 sqft (approximate) fully functional Green House, with retractable ceiling covers, evaporative cooling system, dark room, office and a bathroom. This property is priced to sell.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,840 | 1,754 | 57% |
| Lot Size | 255,697 | 6,199 | 98% |
| Price | $1.70M | $795.0K | 95% |
| Price per sq ft | $921 | $464 | 98% |
| Built year | 1988 | 1975 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 48 | 197 | 4% |
Mar 5, 2026
$1,695,000
Initial Listing
Jun 14, 2016
$835,000
Public Record
Nov 12, 2010
$503,000
Public Record
Apr 26, 2002
$525,000
Public Record