487 Ormsby Lane, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 3 bath
487 Ormsby Lane
Petaluma, CA 94954
Property Price
SUMMARY
Analysis of 487 Ormsby Lane, Petaluma, CA 94954 is currently available with a list price of $2,200,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This is a 2023 new construction property featuring modern design and high-end components. Although currently mid-construction, the sale includes brand-new custom cabinets, appliances, and electrical fixtures that meet current luxury standards. The property features an open-concept layout, a new in-ground pool and hot tub, and modern systems with zero physical depreciation or deferred maintenance, aligning with the criteria for a newly built, high-quality estate.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 250470, living area = 2482.
- Development Potential
The property includes two separate APNs totaling 5.75 acres, featuring a buildable 3-acre back lot already equipped with a well, pole barn, and horse arena.
- Accelerated Construction
The main home is over 50% complete with building plans, custom cabinets, and appliances included, significantly reducing the lead time and logistical hurdles of a new build.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =250470, other record lot size in square feet = 119790.
- Unfinished Condition
The property is currently a construction site, requiring the buyer to manage the remaining build-out, inspections, and contractor coordination before occupancy.
- Additional Capital Requirement
In addition to the $2.2M purchase price, the buyer must secure significant financing or cash reserves to cover the remaining finishing costs and labor.
About 487 Ormsby Lane
Incredible opportunity to complete your dream home on this beautiful 2.75-acre private property with an additional 3-acre buildable back lot. Although separate APN's the property lives as an approximately 5.75 acre lot. The main home offers an approx. 2,500 sq. ft.3 bedroom, 2.5 bath home and is currently more than halfway complete. Building plans, custom cabinets, appliances, and electrical fixtures are included in the sale, making it easy to pick up where construction left off, saving you time and thousands in finishing costs. The design includes an open living concept, a beautiful fireplace, and large windows that take advantage of sweeping views from nearly every room. Outdoors, enjoy a gorgeous level backyard with an in-ground pool and hot tub, perfect for entertaining, relaxing, or hosting larger events. RV hookups for overflow guests or extended stays. The separate 3-acre buildable lot includes a sleeping well, pole barn, horse arena, and PG&E to the curb. Whether finishing this dream home, creating a family compound or multi use estate, this property offers unmatched opportunity and value.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2023
- Lot Size
- 250,470 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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 | 4.0 | 46% |
| Baths | 3.0 | 2.0 | 54% |
| Square foot | 2,482 | 1,785 | 86% |
| Lot Size | 250,470 | 6,199 | 98% |
| Price | $2.20M | $844.0K | 98% |
| Price per sq ft | $886 | $476 | 98% |
| Built year | 2023 | 1975 | 98% |
| HOA | $0 | $0 | 50% |
| Days on market | 127 | 169 | 25% |
Pricing History
Listed for Sale
Oct 31, 2025
$2,200,000
Initial Listing