617 G Street, Petaluma, CA 94952, Petaluma, 94952 - 3 bed, 2 bath
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Petaluma, CA 94952
This Turnkey West Petaluma Bungalow is a Prime Investment Opportunity, listed at $1,495,000—positioned well below the $1,531,020 Fair Market Value by 2%. This valuation gap offers $36,020 in Instant Equity for the incoming buyer. Featuring a comprehensive studs-out remodel and a Condition Rating of 2, the property includes a 353 sqft studio ADU, real wood flooring, and a paver stone patio. Located in the coveted Alphabet Streets near McNear Park, it balances high-end lifestyle finishes with significant rental versatility. This is an ideal match for Owner-Occupants or Multi-generational Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 617 G Street Subject | $1,649,000* List Price | 3 | 2 | 1,630 | $961 | - |
A 510 F Street Sold | $1,260,000 | 3 | 3 | 1,381 | $912 | 0.2 mi |
B 427 Fair Street Active | $1,195,000 List Price | 3 | 2 | 1,672 | $715 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1940s bungalow has been completely transformed through a comprehensive 'down to the studs' renovation. The property features all-new major systems including plumbing, electrical, roofing, and insulation, effectively meeting new construction standards. The interior showcases high-end modern finishes such as real wood flooring, a chef's kitchen with premium stainless steel appliances and quartz countertops, and designer bathrooms with custom tile work and contemporary fixtures. The addition of a brand-new primary suite and a fully remodeled studio ADU further confirms its status as a turnkey, high-quality residence with no deferred maintenance.
Situated in the highly coveted 'Alphabet Streets' within Petaluma's Golden Triangle, the property offers exceptional walkability to McNear and Wickersham Parks.
The home has been completely modernized with new plumbing, electrical, roofing, and insulation, providing the reliability of new construction within a charming 1940s aesthetic.
The detached 353 sq. ft. studio ADU features a full kitchen and bath, offering significant versatility for rental income, multi-generational living, or a private home office.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1630, other record living area = 1087. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With a 5,001 sq. ft. lot accommodating two separate structures and a patio, the remaining outdoor green space is limited for buyers seeking a large yard.
The list price reflects a significant premium for the neighborhood, which may challenge appraisal values despite the high-end finishes and ADU addition.
Located in the coveted alphabet streets neighborhood of Petaluma, in the heart of the Golden Triangle, this cute 1940's bungalow plus ADU is remodeled down to the studs. Brand new primary suite has been added to create 3 bedrooms and 2 full baths plus finished attic room for a total of 1630 square feet. Studio ADU with full kitchen and bath adds 353 sf. Seller opened up the main house kitchen to create a spacious great room. Upgrades include new plumbing, new electrical, new insulation, fire sprinkler, new roofing, new real wood flooring throughout, crown molding, wine cooler, spacious primary bath. Backyard with paver stone patio features a gracious trellis with wisteria. One block from McNear Park; two blocks from Wickersham Park. This house is a must see; it will not last long.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,630 | 1,845 | 43% |
| Lot Size | 5,001 | 6,856.34 | 30% |
| Price | $1.65M | $1.05M | 86% |
| Price per sq ft | $1.0K | $566 | 96% |
| Built year | 1942 | 1964 | 27% |
| HOA | $0 | $0 | 50% |
| Days on market | 14 | 183 | 1% |
Apr 21, 2026
$1,649,000
$1,495,000
+10% Price Increase
Initial Listing
Apr 8, 2026
$1,495,000
Initial Listing
Jan 24, 2025
$750,000
Public Record
Nov 30, 2012
$485,000
Public Record
May 31, 2005
$655,000
Public Record
May 21, 1999
$245,000
Public Record