2238 Palmwood Court, Rancho Cordova, CA 95670, Rancho Cordova, 95670 - 3 bed, 2 bath
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2238 Palmwood Court
Rancho Cordova, CA 95670
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,268Sq Ft
4,739Lot Size
Property Price
LIST PRICE$445,000
EST. MARKET VALUE
$418,091
6% AboveMARKET VALUE
SUMMARY
This Single Family Residence is a Strong Value Opportunity, listed at $445,000—positioned well above the $418,092 Fair Market Value by 6%. While priced at a premium, the property offers a Condition Rating of 4, featuring recent LVP flooring and fresh paint. Located in the desirable Mills Ranch neighborhood, it provides proximity to Riverview STEM Elementary (9/10 rating) and essential commuter routes. With a functional 3-bedroom layout and a private deck, this home is an ideal acquisition for first-time buyers or owner-occupants seeking a stable, well-located community.
Estimated Market Value
$418,091
Based on Realkey algorithm analyzing recent comparable sales in Rancho Cordova.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2238 Palmwood Court Subject | $445,000* List Price | 3 | 2 | 1,268 | $330 | - |
A 10812 Oakton Way Sold | $365,000 | 3 | 1 | 1,317 | $277 | 1.0 mi |
B 10744 Ambassador Drive Sold | $455,000 | 3 | 2 | 1,155 | $394 | 0.9 mi |
C 2205 Trails Court Sold | $525,000 | 3 | 2 | 1,476 | $356 | 0.5 mi |
D 10649 Campana Way Sold | $446,000 | 4 | 2 | 1,772 | $252 | 0.5 mi |
E 2545 Furmint Way Sold | $417,000 | 3 | 1 | 924 | $451 | 0.7 mi |
F 2260 Apple Orchard Court Pending | $450,000 List Price | 3 | 2 | 1,350 | $333 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1984 (40 years old) with recent cosmetic updates including new LVP flooring and fresh paint. However, the bathrooms remain dated with older tile work and vanities, and the overall infrastructure exceeds the 20-year threshold for a 'Good' rating without a full renovation of high-value areas.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Riverview Stem Elementary (9/10).
- Prime Educational Proximity
The property is exceptionally well-located for families, situated within walking distance of Peter J. Shields Elementary and less than a mile from the highly-rated Riverview STEM Academy.
- Competitive Entry-Level Value
Priced at $445,000, this 3-bedroom home represents an accessible entry point into the Rancho Cordova market, offering a functional layout ideal for first-time homebuyers or investors.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of 4,739 square feet, the outdoor space is relatively compact for a single-family residence, which may limit options for extensive landscaping or large outdoor gatherings.
- Potential for Modernization
Built in 1984 and marketed as an opportunity to 'make it your own,' the property likely requires additional capital investment for cosmetic updates or system upgrades to meet modern aesthetic standards.
About 2238 Palmwood Court
Welcome to this charming 3-bedroom, 2-bathroom home offering 1,268 square feet of comfortable living space in the desirable Mills Ranch neighborhood of Rancho Cordova. Perfectly situated near Mills Middle School and Cordova High School, this home provides an ideal location with convenient access to schools, parks, shopping, dining, and commuter routes. Inside, you'll find a functional floor plan with spacious living areas, comfortable bedrooms, and plenty of natural light throughout. Whether you're a first-time homebuyer, growing family, or investor, this home offers an incredible opportunity to make it your own in an established neighborhood. Don't miss your chance to own a home in one of Rancho Cordova's most convenient locationsclose to everyday amenities while enjoying the welcoming community of Mills Ranch.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1984
- Lot Size
- 4,739 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $49 / Month
Neighborhood Insights
Rancho Cordova Unified Schools
Peter J. Shields Elementary School
Grades K-5 • 0.2 mi
4/10
Riverview Stem Elementary
Grades K-5 • 0.7 mi
9/10
Mills Middle School
Grades 6-8 • 0.8 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,268 | 1,788.667 |
| Lot Size | 4,739 | 6,248.222 |
| Price | $445.0K | $556.7K |
| Price per sq ft | $351 | $306 |
| Built year | 1984 | 2015 |
| HOA | $49 | $69 |
| Days on market | 29 | 61 |
Pricing History
Listed for Sale
Aug 11, 2026
$445,000
Initial Listing
Sold
Feb 10, 2021
$290,000
Public Record