635 Goodwin Avenue, Penngrove, CA 94951, Penngrove, 94951 - 3 bed, 3 bath
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Penngrove, CA 94951
This Hybrid Residential Property represents a Strong Value Opportunity, listed at $1,425,000—positioned well below the $1,475,781 Fair Market Value by 3%. This valuation gap offers $50,781 in Instant Equity. Featuring a Fair Condition Rating, the property includes a 2-acre lot and a 550 sq. ft. detached studio, providing significant versatility for hobby farming or rental income. While the farmhouse requires modernization, its prime location near downtown Penngrove balances rural privacy with commuter convenience. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 635 Goodwin Avenue Subject | $1,375,000* List Price | 3 | 3 | 2,200 | $660 | - |
A 509 Phillips Drive Sold | $1,550,000 | 3 | 6 | 2,108 | $735 | 0.4 mi |
B 590 Elysian Avenue Sold | $1,265,000 | 3 | 2 | 1,887 | $670 | 0.2 mi |
C 635 Goodwin Avenue Active | $1,550,000 List Price | 3 | 2 | 2,200 | $705 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a dated farmhouse with a mix of partial updates and aging components. While the main house features newer flooring and a refreshed bathroom vanity, the kitchen cabinetry and electric wall heaters are dated (>20 years). The detached cottage interior is significantly older, and the exterior deck shows visible wood rot and peeling paint, indicating a need for minor repairs and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87120, living area = 2200.
The property features two flat, fully fenced, and usable acres, offering rare versatility for equestrian use, hobby farming, or large-scale gardening in a highly desirable Sonoma County pocket.
A 550-square-foot detached studio with its own private fenced yard provides significant value for rental income, multigenerational living, or a professional home office.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =87120, other record lot size in square feet = 78408. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2200, other record living area = 1252.
The property was recently sold within the past year on 2025-07-23. The sold price is $915,000.00.
The 'authentic' farmhouse charm and character may necessitate additional capital investment for buyers seeking contemporary finishes or updated systems to meet modern luxury standards.
Welcome to a truly special Penngrove property. Set on 2 flat, fully usable acres in one of the most desirable pockets of Sonoma County, 635 Goodwin Ln features a charming single-level farmhouse, a detached cottage, and the rare combination of privacy, versatility, and location that rarely comes available. Tucked away on a quiet country lane just moments from the heart of downtown Penngrove, this property captures everything people love about country living while still providing easy access to Highway 101, Sonoma State University, the Green Music Center, and all the conveniences of Petaluma, Cotati, and Santa Rosa. The main residence is a charming single-level farmhouse featuring 3 bedrooms and 2 bathrooms, filled with warmth, character, and the kind of authentic country feel that buyers search years to find. From the moment you arrive, the property feels welcoming, peaceful, and unmistakably Penngrove. The home blends classic farmhouse charm with an easy, comfortable layout designed for everyday living. Adding even more flexibility and value is the detached approximately 550 square foot studio complete with its own private fenced backyard. Ideal for extended family, guests, a home office, creative workspace, rental income, or multigenerational living, this additional space opens the door to countless possibilities rarely found on properties like this. The land is what truly makes this property special. Fully fenced, flat, and highly usable, the acreage is perfectly suited for horses, animals, gardens, orchards, hobby farming, entertaining, or simply enjoying the privacy and freedom that come with owning usable country property. Whether you dream of creating a mini farm, a peaceful retreat, or the ultimate indoor-outdoor lifestyle, this property is ready to bring that vision to life. One of the biggest highlights is the location. Enjoy the rare ability to walk into downtown Penngrove for coffee, restaurants, and community events while still feeling tucked away in a quiet and private country setting. With excellent schools nearby, close proximity to Sonoma State University and the Green Music Center, and convenient freeway access for commuting, this location perfectly balances rural charm with modern convenience. Properties that offer this much usable land, flexibility, charm, and location are becoming increasingly hard to find. 635 Goodwin Ln is more than just a home. It's an opportunity to create the Sonoma County lifestyle people dream about.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,200 | 2,154 | 50% |
| Lot Size | 87,120 | 140,263 | 50% |
| Price | $1.38M | $1.46M | 50% |
| Price per sq ft | $625 | $703 | 33% |
| Built year | 0 | 1972 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 265 | 17% |
Jun 14, 2026
$1,375,000
$1,425,000
-4% Price Drop
Initial Listing
May 26, 2026
$1,425,000
Initial Listing
Jul 23, 2025
$915,000
Public Record
Sep 2, 2004
$815,000
Public Record