721 Elm Drive, Petaluma, CA 94952, Petaluma, 94952 - 3 bed, 2 bath
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721 Elm Drive
Petaluma, CA 94952
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,578Sq Ft
6,111Lot Size
Property Price
LIST PRICE$1,025,000
EST. MARKET VALUE
$1,085,684
5% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,025,000—positioned well below the $1,085,685 Fair Market Value by 5%. This valuation gap provides $60,685 in Instant Equity for the buyer. Featuring a Condition Rating of 2, the home includes a new roof, updated kitchen, and luxury vinyl plank flooring. With a versatile bonus room and peaceful mountain views, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home in a prime Petaluma neighborhood.
Estimated Market Value
$1,085,684+$60,684 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 721 Elm Drive Subject | $1,025,000* List Price | 3 | 2 | 1,578 | $688 | - |
A 1008 West Street Sold | $1,250,000 | 3 | 2 | 1,714 | $729 | 0.2 mi |
B 229 231 Bodega Avenue Sold | $965,000 | 3 | 2 | 1,551 | $622 | 0.7 mi |
C 3 Hill Drive Sold | $1,005,000 | 3 | 3 | 1,520 | $661 | 1.0 mi |
D 605 Baker Street Sold | $865,000 | 2 | 2 | 1,167 | $741 | 0.8 mi |
E 737 Elm Drive Pending | $899,500 List Price | 4 | 2 | 1,864 | $483 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 1965, the property has undergone a comprehensive recent renovation (likely <5 years) including a new roof, updated kitchen with new cabinetry and stainless steel appliances, luxury vinyl plank flooring, and double-pane windows. The interior is in mint, move-in ready condition with modern finishes.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interiors
The home features significant recent updates including a new roof, luxury vinyl plank flooring, and a remodeled kitchen with stainless steel appliances, ensuring a move-in-ready experience for the buyer.
- Versatile Floor Plan
Beyond the three standard bedrooms, the inclusion of a flexible bonus room provides essential space for a home office, fourth bedroom, or media room to suit various lifestyle needs.
- Desirable Location
Located on a quiet, tree-lined street in a sought-after Petaluma neighborhood, the property offers excellent proximity to historic downtown, boutique shopping, and top-rated schools.
CONSRISKS & DEFICIENCIES
- Mid-Century Infrastructure
Originally constructed in 1965, the property may require ongoing maintenance or future upgrades to older underlying systems not addressed by the recent cosmetic improvements.
- Modest Lot Size
The 6,111 square foot lot is relatively compact for the $1M+ price range, which may limit extensive outdoor expansion or large-scale landscaping projects.
About 721 Elm Drive
Welcome to 721 Elm Dr., Petaluma, where thoughtful updates, flexible living space, and a sought-after neighborhood come together to create the perfect place to call home. This beautifully maintained 3-bedroom, 2-bath residence also features a versatile room ideal as a fourth bedroom, home office, or teen retreat. Step inside to a bright, inviting interior with luxury vinyl plank flooring, double pane windows, fresh interior paint, and a spacious living room centered around a cozy fireplace. The updated kitchen is both stylish and functional, featuring new cabinetry and stainless steel appliances, making it perfect for everyday living and entertaining. Recent improvements include a new roof, offering lasting value and peace of mind. The attached two-car garage provides ample storage and convenience. Outside, enjoy a private backyard designed for relaxing, entertaining, or simply taking in the peaceful surroundings. Beautiful views add to the home's appeal, creating a tranquil setting you'll appreciate year-round. Located on a quiet, tree-lined street in one of Petaluma's most desirable neighborhoods, this home offers easy access to historic downtown, renowned restaurants, boutique shopping, parks, schools, and commuter routes. Move-in ready and filled with modern updates, this exceptional property offers the ideal blend of comfort, convenience, and Petaluma charm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 6,111 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.7 |
| Square foot | 1,578 | 1,819.93 |
| Lot Size | 6,111 | 6,258.866 |
| Price | $1.02M | $911.4K |
| Price per sq ft | $650 | $555 |
| Built year | 1965 | 1974 |
| HOA | $0 | $127 |
| Days on market | 29 | 36 |
Pricing History
Listed for Sale
Aug 11, 2026
$1,025,000
Initial Listing
Sold
Feb 28, 2001
$390,000
Public Record
Sold
Jun 2, 1998
$237,500
Public Record
Sold
Dec 9, 1997
$210,000
Public Record