601 Appaloosa Drive, Petaluma, CA 94954, Petaluma, 94954 - 4 bed, 3 bath
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Petaluma, CA 94954
This Spacious Tri-Level Residence represents a Prime Investment Opportunity, listed at $829,000—positioned well below the $854,235 Fair Market Value by 2%. This valuation gap provides $25,235 in Instant Equity for the buyer. With a Fair Condition Rating, the home offers significant upside through cosmetic modernization. Featuring a versatile floor plan, a large backyard, and mountain views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value in East Petaluma.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 601 Appaloosa Drive Subject | $829,000* List Price | 4 | 3 | 2,084 | $410 | - |
A 1569 Trellis Lane Sold | $830,000 | 4 | 3 | 2,128 | $390 | 1.0 mi |
B 116 Rose Petal Court Sold | $860,000 | 4 | 2 | 1,883 | $457 | 0.6 mi |
C 1636 Sarkesian Drive Sold | $855,000 | 4 | 3 | 2,159 | $396 | 0.3 mi |
D 533 Albert Way Sold | $849,000 | 4 | 3 | 1,925 | $441 | 0.1 mi |
E 1313 Berrydale Drive Sold | $860,000 | 4 | 2 | 1,785 | $482 | 0.9 mi |
F 1097 Crinella Drive Sold | $710,000 | 4 | 2 | 1,633 | $435 | 1.0 mi |
G 1713 Alhambra Court Active | $699,000 List Price | 5 | 3 | 2,115 | $330 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1980 (44 years old) and while it features some updates like laminate flooring and a modernized bathroom vanity, it remains largely dated. The presence of popcorn ceilings, older wet bar cabinetry, and the listing's mention of 'endless potential' suggest it is past the 20-year mark for a full renovation and requires cosmetic updates to meet modern standards.
The tri-level layout features a rare main-level bedroom and full bathroom, providing an ideal setup for multi-generational living, guests, or a private home office.
Perfectly situated near downtown Petaluma, this home offers excellent proximity to local shopping, dining, parks, and highly-rated schools, ensuring long-term desirability.
The property boasts a generous 6,825 sqft lot with mountain views and a large backyard, offering a serene environment and ample space for a custom outdoor retreat.
Built in 1980 and marketed with 'endless potential,' the home likely requires significant cosmetic updates or renovations to meet modern aesthetic and functional standards.
The multi-level design involves several sets of stairs, which may be a drawback for buyers with mobility concerns or those preferring a more seamless, open-concept flow.
Great East Petaluma location! This spacious tri-level home offers four bedrooms, three full bathrooms, and endless potential. The functional floor plan features three generously sized bedrooms with ample closet space and two full bathrooms upstairs, plus one bedroom and a full bathroom on the main level, ideal for guests or multi-generational living. The laundry room includes the washer and dryer. Cozy up by the fireplace in the family room or gather for meals in the spacious dining and living areas. Step outside to enjoy the large backyard, perfect for entertaining or creating your dream outdoor retreat. The two-car garage provides additional storage. Conveniently located near downtown Petaluma, shopping, restaurants, parks, and schools.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,084 | - |
| Lot Size | 6,825 | - |
| Price | $829.0K | $978.8K |
| Price per sq ft | $398 | $525 |
| Built year | 1980 | 0 |
| HOA | $0 | $0 |
| Days on market | 6 | 38 |
Jul 16, 2026
$829,000
Initial Listing
Sep 30, 2004
$529,000
Public Record