
Petaluma, CA 94954
This Turnkey Single-Family Residence is a Prime Investment Opportunity, listed at $949,000—positioned well below the $969,832 Fair Market Value by 2%. This valuation gap offers $20,832 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home boasts a complete top-to-bottom renovation, including a versatile lower-level suite with a kitchenette. With its dual laundry hookups and expansive lot, this property is an ideal acquisition for Owner-Occupants seeking multi-generational living or first-time buyers looking for a move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 492 Albert Way Subject | $949,000* List Price | 4 | 3 | 2,176 | $446 | - |
A 1645 Weaverly Drive Sold | $825,000 | 4 | 3 | 1,800 | $458 | 0.1 mi |
B 980 S Ely Boulevard Sold | $910,000 | 4 | 3 | 2,148 | $424 | 0.8 mi |
C 1908 Caulfield Lane Sold | $875,000 | 4 | 2 | 1,864 | $469 | 0.4 mi |
D 536 Sutter Street Sold | $877,000 | 4 | 2 | 1,652 | $531 | 0.1 mi |
E 1807 Turtle Creek Way Sold | $1,150,000 | 4 | 3 | 2,136 | $538 | 0.8 mi |
F 261 Redwood Circle Sold | $915,000 | 3 | 2 | 1,648 | $555 | 0.7 mi |
G 1316 Ponderosa Drive Sold | $892,000 | 4 | 2 | 1,785 | $500 | 0.8 mi |
H 112 Rose Petal Court Pending | $1,049,000 List Price | 4 | 3 | 2,128 | $493 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1968, the property has undergone a complete top-to-bottom renovation with new quartz countertops, cabinetry, LVP flooring, windows, and appliances. The description and images confirm a mint-condition, turnkey interior and exterior, meeting the criteria for a renovation less than 5 years old.
The property has been magnificently transformed from top to bottom with high-end finishes, including quartz countertops, new appliances, and updated flooring, offering a move-in-ready experience for buyers.
The lower-level suite features a private bathroom and kitchenette, providing a versatile space ideal for an ADU-style setup, guest quarters, or an au pair suite.
Thoughtful upgrades like dual laundry hookups on both levels and a desirable corner lot location maximize convenience and utility for modern families.
The property was recently sold within the past year on 2026-04-06. The sold price is $550,000.00.
The backyard is currently a 'blank canvas,' which will require additional time, planning, and financial investment from the buyer to create a functional outdoor living space.
While the home is beautifully renovated, the 1968 original construction may still feature older underlying systems or structural footprints common to that era.
Once a diamond in the rough, this home has been magnificently transformed from top to bottom, inside and out! Situated on a desirable corner lot, this beautifully renovated 4-bedroom, 3-bath home features NEW finishes and upgrades throughout, including tile, quartz countertops, carpeting, LVP flooring, new interior doors, cabinetry, interior paint, appliances, windows, lighting, Electrical Panel, EV Charger and more. A standout feature is the lower-level bedroom and full bathroom located off the family room, complete with its own kitchenette and a closet with hookups for a stackable washer and dryer. This versatile space offers endless possibilities ideal for an au pair, extended family, guests, a private retreat, or potential mini-ADU-style living. Upstairs are three additional bedrooms and two full bathrooms, plus a second laundry area with hookups for a stackable unit with no hauling laundry up and down the stairs! The primary bedroom faces the front of the home and includes a beautifully updated en-suite bath, while the two additional bedrooms overlook the backyard they share an equally appealing guest bath. The transformation continues outside with fresh landscaping and a newly poured driveway, walkway and front porch. The spacious backyard is a blank canvas with room to dream.. RV parking? A pool? Maybe BOTH? Bring your imagination and create an outdoor space perfectly suited to your lifestyle. Turnkey, versatile and beautifully transformed, this property truly IS a must-see!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,176 | 1,819.93 |
| Lot Size | 7,148 | 6,258.866 |
| Price | $949.0K | $911.4K |
| Price per sq ft | $436 | $555 |
| Built year | 1968 | 1974 |
| HOA | $0 | $127 |
| Days on market | 5 | 36 |
Sep 4, 2026
$949,000
Initial Listing
Apr 6, 2026
$550,000
Public Record