531 E Washington Street, Petaluma, CA 94952, Petaluma, 94952 - 2 bed, 1 bath
531 E Washington Street
Petaluma, CA 94952
Property Price
SUMMARY
Analysis of 531 E Washington Street, Petaluma, CA 94952 reveals a Fairly Priced Property with a current list price of $775,000 aligned with the estimated $754,956 Fair Market Value. This represents a stable investment opportunity at market rate. 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 |
|---|---|---|---|---|---|---|
★ 531 E Washington Street Subject | $775,000* List Price | 2 | 1 | 1,386 | $545 | - |
A 65 Arlington Drive Sold | $710,000 | 3 | 2 | 1,562 | $455 | 0.6 mi |
B 28 West Street Sold | $930,000 | 3 | 2 | 1,682 | $553 | 0.6 mi |
C 7 Pidgeon Court Sold | $725,000 | 3 | 2 | 1,144 | $634 | 0.6 mi |
D 411 Cherry Street Sold | $905,000 | 4 | 3 | 1,736 | $521 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1901 Queen Anne cottage has been beautifully restored and extensively renovated with major system upgrades completed in 2025, including new electrical panels, central HVAC, dual-pane windows, and a newer sewer lateral. The property is in move-in-ready condition with high-quality finishes, modern infrastructure, and a detached residential ADU, meeting the criteria for a recently fully renovated home with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Versatile Mixed-Use Potential
The MU1A zoning and current office configuration offer a rare opportunity for live/work arrangements or professional business use in a prime Midtown location near the SMART Train Station.
- Modernized Infrastructure
Despite its historic 1901 charm, the property is equipped with significant modern upgrades including central HVAC, new 2025 electrical panels, dual-pane windows, and a newer sewer lateral.
- Additional Income Stream
The property includes a detached residential studio ADU with its own PG&E meter, providing an immediate opportunity for rental income or a private guest suite.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1386, other record living area = 1062.
- Recently Sold Property
The property was recently sold within the past year on 2026-01-02. The sold price is $685,000.00.
- Residential Conversion Costs
Currently utilized as professional office space, the main cottage may require additional investment and remodeling to fully transition back into a traditional single-family residence.
About 531 E Washington Street
Live here, work here, or both. Prime Midtown Petaluma location featuring a well maintained and beautifully restored Queen Anne cottage set up as professional office space but can be transformed back to a single-family residence, plus a detached residential studio ADU in back. Each unit has its own PG&E meter, and both were upgraded with new electrical panels in 2025. Other features include central HVAC, upgraded dual-pane windows, newer sewer lateral, off-street parking, beautiful landscaping, and more. MU1A zoning 2 blocks (less than .3 miles) from SMART Train Station allows a wide range of permitted uses and a myriad of opportunities if you want to run a home-based business.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1901
- Lot Size
- 5,859 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 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 | 2.0 | 3.0 | 18% |
| Baths | 1.0 | 3.0 | 14% |
| Square foot | 1,386 | 1,857 | 26% |
| Lot Size | 5,859 | 7,241.5 | 30% |
| Price | $775.0K | $1.14M | 15% |
| Price per sq ft | $559 | $601 | 40% |
| Built year | 1901 | 1960 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 221 | 168 | 75% |
Pricing History
Sold
Jan 2, 2026
$685,000
Public Record
Listed for Sale
Jul 29, 2025
$775,000
Initial Listing
Sold
Feb 28, 2005
$595,000
Public Record