2123 W Steele Lane, Santa Rosa, CA 95403, Santa Rosa, 95403 - 2 bed, 2 bath

2123 W Steele Lane, Santa Rosa, CA 95403 home-pic-0

2123 W Steele Lane

Santa Rosa, CA 95403

ACTIVE
CONDITION: GOOD
2Beds
2Baths
968Sq Ft
945Lot Size

Property Price

LIST PRICE$340,000

SUMMARY

Analysis of 2123 W Steele Lane, Santa Rosa, CA 95403 is currently available with a list price of $340,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Santa Rosa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready with brand new flooring and fresh interior paint throughout. While the building was constructed in 1984, the recent cosmetic updates and well-maintained condition described in the listing indicate that major systems are functional and no immediate renovations are required.

PROSSTRENGTHS & OPPORTUNITIES

  • FHA-Eligible PUD Status

    As a Planned Unit Development (PUD) rather than a traditional condo, this property offers rare FHA financing eligibility, making it highly accessible for first-time homebuyers with lower down payment requirements.

  • Prime Commuter Location

    Ideally situated just one block from the SMART train station and minutes from Highway 101, the property offers exceptional convenience for commuters and easy access to Coddingtown Mall.

  • Move-In Ready End Unit

    Featuring fresh interior paint, brand new flooring, and an end-unit position with only one shared wall, this home provides a private, refreshed atmosphere that is ready for immediate occupancy.

CONSRISKS & DEFICIENCIES

  • High Monthly HOA Fees

    The $518 monthly association fee represents a significant recurring cost that may impact the overall affordability and debt-to-income ratios for budget-conscious buyers.

  • Limited Square Footage

    At just 968 square feet with only 1.5 bathrooms, the compact layout may feel restrictive for growing families or those requiring more living space and a second full bath.

About 2123 W Steele Lane

Exceptional FHA-eligible PUD opportunity in one of Santa Rosa's most desirable neighborhoods! This beautifully updated 2-bedroom, 1.5-bath end unit offers the financing advantages of a PUD (FHA programs available) that typical condos in the area simply can't provide. The end unit position means only one shared side wall, giving you the privacy of a standalone home with the ease of condo living and the rare FHA-eligible PUD status makes it accessible to more buyers than nearly anything else on the market. Fresh interior paint and brand new flooring throughout create a genuinely move-in ready space. Add in your own attached one-car garage and you have a package that's hard to find at this price point. The HOA delivers exceptional value, covering trash, roof maintenance, professional grounds care, gutter maintenance, and crucially insurance, a significant advantage in California's current challenging market. Location is unbeatable: just 1 block from the SMART train station, walking distance to Coddingtown Mall, close to Snoopy's Home Ice and the Children's Museum, and minutes to Highway 101. Investment opportunity: the seller owns multiple units in the complex and can work with 1031 exchange buyers. With a Gross Income Multiplier of .07+, this FHA-eligible PUD checks every box for both owner-occupants and portfolio investors. Don't let this rare financing-flexible opportunity pass you by!

Property Details

Public Facts

Property Type
Townhouse
Year Built
1984
Lot Size
945 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$518 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.02.0
50%
Baths2.02.0
50%
Square foot9681,008
40%
Lot Size9451,406.99
20%
Price$340.0K$389.0K
40%
Price per sq ft$351$351
50%
Built year19841984
50%
HOA$518$518
50%
Days on market40241
20%

Pricing History

Listed for Sale

Jan 26, 2026

$340,000

Initial Listing

Sold

Apr 24, 2009

$89,000

Public Record

Sold

Jun 1, 2005

$254,000

Public Record

Sold

Feb 1, 2002

$38,000

Public Record

Sold

Oct 29, 1999

$87,500

Public Record

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