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

2123 W Steele Lane
Santa Rosa, CA 95403
Property Price
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
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 968 | 1,008 | 40% |
| Lot Size | 945 | 1,406.99 | 20% |
| Price | $340.0K | $389.0K | 40% |
| Price per sq ft | $351 | $351 | 50% |
| Built year | 1984 | 1984 | 50% |
| HOA | $518 | $518 | 50% |
| Days on market | 40 | 241 | 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


























