2431 Cleat Lane 101, Sacramento, CA 95818, Sacramento, 95818 - 3 bed, 3 bath
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Sacramento, CA 95818
This Modern Townhome-style Condo is a Strong Value Opportunity, listed at $539,000—positioned well below the $597,456 Fair Market Value by 9%. This valuation gap provides $58,456 in Instant Equity for the incoming buyer. Boasting an Excellent Condition Rating, the 2022-built interior features a private ground-floor studio suite with a separate entrance, offering significant rental or multigenerational potential. Located steps from a 4-acre park and near the top-rated Crocker/Riverside Elementary School, this property perfectly balances urban luxury with financial upside. It is a premier choice for Owner-Occupants or House-Hackers seeking a turnkey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2431 Cleat Lane 101 Subject | $515,000* List Price | 3 | 3 | 1,501 | $393 | - |
A 445 Crate Avenue Sold | $490,000 | 3 | 3 | 1,374 | $357 | 0.0 mi |
B 175 Log Pond Lane Sold | $430,000 | 2 | 3 | 1,015 | $424 | 0.2 mi |
C 493 Tailoff Lane Sold | $415,000 | 2 | 3 | 1,009 | $411 | 0.1 mi |
D 212 Log Pond Lane Sold | $430,000 | 2 | 3 | 1,010 | $426 | 0.2 mi |
E 278 Log Pond Lane Sold | $430,000 | 2 | 3 | 1,010 | $426 | 0.1 mi |
F 239 Log Pond Lane Sold | $408,000 | 1 | 2 | 1,015 | $402 | 0.2 mi |
G 445 Crate Avenue Active | $495,000 List Price | 3 | 3 | 1,374 | $360 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2022, this property is in like-new condition and meets all current quality standards. The interior features a modern open-concept design with high-end finishes including quartz countertops, a large kitchen island, stainless steel appliances, and vinyl plank flooring throughout. All major systems, including the central HVAC and tankless water heater, are virtually new with no signs of physical depreciation or deferred maintenance.
Elementary School: Crocker/Riverside Elementary School (9/10).
The unique ground-floor studio suite with a private entrance and kitchenette offers exceptional versatility for rental income, multigenerational living, or a professional home office.
Built in 2022, this home features contemporary finishes like quartz countertops and vinyl plank flooring, alongside energy-efficient upgrades such as a tankless water heater and central HVAC.
At $510 per month, the association fees are significant and may impact the overall affordability and debt-to-income ratio for some buyers.
While the area has access to high-rated schools, the immediate neighborhood elementary school has a lower rating, which could be a consideration for families prioritizing education.
Huge Price Adjustment! One of the best floor plans in The Mill at Broadway! This 3-bedroom, 3-bath townhome-like condo offers exceptional flexibility with a private downstairs studio suite with full bath, mini fridge and separate entrance ideal for multigenerational living, home office, roommates, primary suite or rental potential. Upstairs, expansive windows fill the open-concept living space with natural light. The modern kitchen features a large quartz island, stainless steel appliances with gas range and pantry. Enjoy two covered balconies, including a private wraparound balcony off the spacious primary suite. Additional highlights include vinyl plank flooring, central HVAC, tankless water heater, keyless entry, dual-pane windows and in-unit washer/dryer. This corner unit is located across from a 4-acre park with dog runs, a walking track and a local market. The Central Lofts in The Mill at Broadway come with additional HOA amenities that many of other condos in this neighborhood don't offer, such as insurance, roof and exterior maintenance and water to provide extra peace of mind and long-term savings. Minutes from downtown Sacramento the Farm to Fork capital, Golden 1 and more. This home offers the perfect blend of modern comfort and urban convenience!
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.7 mi
Grades K-6 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 78% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,501 | 1,010 | 89% |
| Lot Size | - | - | 50% |
| Price | $515.0K | $430.0K | 89% |
| Price per sq ft | $343 | $416 | 11% |
| Built year | 2022 | 2019 | 89% |
| HOA | $510 | $148 | 89% |
| Days on market | 62 | 139 | 11% |
Apr 17, 2026
$515,000
$539,000
-4% Price Drop
Initial Listing
Mar 26, 2026
$539,000
$550,000
-2% Price Drop
Initial Listing
Feb 19, 2026
$550,000
Initial Listing
Jul 22, 2022
$489,000
Public Record