9317 Old Redwood Highway, Penngrove, CA 94951, Penngrove, 94951 - 3 bed, 2 bath
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9317 Old Redwood Highway
Penngrove, CA 94951
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,536Sq Ft
86,249Lot Size
Property Price
LIST PRICE$1,099,000
EST. MARKET VALUE
$1,176,960
6% BelowMARKET VALUE
SUMMARY
This Versatile Residential Compound is a Strong Value Opportunity, listed at $1,099,000—positioned well below the $1,176,960 Fair Market Value by 6%. This valuation gap offers $77,960 in Instant Equity for the buyer. With a Condition Rating of 3, the property features modern efficiency upgrades like solar and a newer roof. The expansive lot, barn, and shop provide rare utility for hobbyists or agricultural use. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, multi-functional lifestyle property.
Estimated Market Value
$1,176,960+$77,960 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Penngrove.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1957, the property has been well-maintained by a long-term owner with significant updates to key systems including a newer roof, solar panels, tankless water heater, and windows. The kitchen and bathrooms have been updated within the 5-15 year range; while the kitchen cabinetry is slightly dated, the home is move-in ready with modern flooring and a renovated walk-in shower.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 86249, living area = 1536.
- Versatile Compound Infrastructure
The property features a four-stall barn, a chicken coop, and a massive shop with its own electric meter, making it ideal for agricultural use, hobbyists, or home-based businesses.
- Modern Efficiency Upgrades
Significant capital improvements including a newer roof, updated kitchen and baths, tankless water heater, and solar panels to be paid off at closing offer immediate value and reduced utility costs.
CONSRISKS & DEFICIENCIES
- Limited Interior Square Footage
At 1,536 square feet, the home's footprint is relatively modest for the price point, which may feel restrictive for buyers seeking large, open-concept living areas.
- Potential Traffic Noise
The property's location on Old Redwood Highway, a primary thoroughfare, may result in higher ambient road noise compared to more secluded rural parcels in the area.
About 9317 Old Redwood Highway
Back on market - no fault of property. Enter the gated and magical tree-lined driveway, and you'll find the compound of your dreams. From the quintessential 3 bedroom, 2 bath farmhouse to the 4 stall barn, large chicken coup, or the huge shop/storage area with its own electric meter, this property has something for everyone. The house has been very well maintained with one owner for the last 25 years and has newer windows, wall and floor insulation, updated kitchen and baths, tankless hot water heater, newer roof and solar that will be paid upon closing. What more could you want?
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1957
- Lot Size
- 86,249 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 | 3.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,536 | 1,974.2 |
| Lot Size | 86,249 | 88,688.4 |
| Price | $1.10M | $1.28M |
| Price per sq ft | $715 | $653 |
| Built year | 1957 | 1983 |
| HOA | $0 | $0 |
| Days on market | 45 | 51 |
Pricing History
Listed for Sale
Sep 9, 2026
$1,099,000
Initial Listing
Sold
Dec 20, 1999
$323,500
Public Record