2123 W Steele Lane, Santa Rosa, CA 95403, Santa Rosa, 95403 - 2 bed, 2 bath
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Santa Rosa, CA 95403
This townhouse presents a High-Potential Investment Opportunity with a List Price of $340,000—positioned well above the $302,104 Fair Market Value by 12%. While the property requires significant updates due to its Poor Condition Rating, the prime location near Coddingtown Mall and local schools provides strong rental demand. The inclusion of a detached one-car garage adds functional value to this 968 sqft asset. This project is best suited for Buy-and-Hold Investors or Contractors capable of executing a full interior renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2123 W Steele Lane Subject | $340,000* List Price | 2 | 2 | 968 | $312 | - |
A 2147 W Steele Lane Active | $325,000 List Price | 2 | 2 | 968 | $336 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1984, this 40-year-old property falls into the poor category due to its age and largely original condition. The kitchen features dated 80s-style cabinetry, fluorescent lighting, and patterned flooring that requires a full rehab. While some flooring has been updated in the bath, the overall systems and fixtures are past their expected functional lifespan for a modern move-in ready home.
Ideally situated within walking distance to local schools and the Coddingtown Mall, offering exceptional convenience for shopping, dining, and daily errands.
The owner is highly motivated and relocating out of the area, presenting a strategic opportunity for buyers to potentially negotiate favorable terms or a swift closing.
Includes a detached one-car garage, providing secure parking or valuable additional storage space, which is a highly sought-after feature in townhouse living.
The monthly association fee of $542 is relatively high compared to the listing price, which may impact overall affordability and the buyer's debt-to-income ratio.
At 968 square feet for a two-bedroom unit, the interior layout may feel restrictive for buyers seeking more expansive living areas or larger room dimensions.
Conveniently located townhouse within walking distance of schools and walk to the Coddingtown Mall. This townhouse comes with a a detached one car garage and a lot of people use the garage for storage. Owner is motivated and moving out of the area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 2.0 | 2.5 | 50% |
| Square foot | 968 | 1,142.5 | 25% |
| Lot Size | 945 | 1,520.5 | 25% |
| Price | $340.0K | $425.0K | 25% |
| Price per sq ft | $351 | $369 | 50% |
| Built year | 1984 | 1991 | 50% |
| HOA | $542 | $541 | 50% |
| Days on market | 29 | 131 | 25% |
May 8, 2026
$340,000
Initial Listing
Apr 24, 2009
$89,000
Public Record
Jun 1, 2005
$254,000
Public Record
Feb 1, 2002
$38,000
Public Record
Oct 29, 1999
$87,500
Public Record