88 Park Place Drive, Petaluma, CA 94954, Petaluma, 94954 - 3 bed, 2 bath
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88 Park Place Drive
Petaluma, CA 94954
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,320Sq Ft
736Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$596,763
SUMMARY
This 3-bedroom condominium represents a Strong Value Opportunity, listed at $599,000—positioned well below the $596,764 Fair Market Value (Note: List price is slightly above market, reflecting high demand). With a Fair Condition Rating, the property offers a functional layout with a private patio and access to community pools. While the interior retains 1980s aesthetics, the location near the Lynch Creek Trail provides significant lifestyle appeal. This is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable, well-located asset in Petaluma.
Estimated Market Value
$596,763
Based on Realkey algorithm analyzing recent comparable sales in Petaluma.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained and functional but remains largely dated. The kitchen features older oak cabinetry and the interior retains popcorn ceilings and late-80s architectural details. While move-in ready, it lacks recent major renovations to systems or aesthetics, placing it in the fair category for its age and need for cosmetic updates.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =736, other record lot size in square feet = 934.
About 88 Park Place Drive
Do Not Pass Go, Park Here! No need to Roll the Dice or Pass Go to find your next home, just make your way over to 88 Park Place Drive! This end-unit residence features 3 bedrooms and 1.5 bathrooms in 1,320+/- sqft of well-planned living space along with a private patio that extends the living area outdoors. Petaluma's desirable Park Place Community amenities include two swimming pools and two parks, providing options for recreation and relaxation close to home. Not to mention the ample guest parking. You can invite all of your friends over for a Housewarming party and they will all have a place to park! The setting also offers convenient access to the Lynch Creek Trail with an approximately 20-minute stroll to Downtown Petaluma where shopping, dining, and local services are available.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1988
- Lot Size
- 736 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $601 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 1.0 |
| Baths | 2.0 | 1.0 |
| Square foot | 1,320 | 695.5 |
| Lot Size | 736 | 723 |
| Price | $599.0K | $401.0K |
| Price per sq ft | $454 | $572 |
| Built year | 1988 | 2003 |
| HOA | $601 | $416 |
| Days on market | 8 | 44 |
Pricing History
Listed for Sale
Sep 1, 2026
$599,000
Initial Listing
Sold
Mar 20, 2023
$570,000
Public Record
Sold
Sep 13, 2006
$415,000
Public Record
Sold
Jul 12, 2004
$380,000
Public Record