2531 Rice Alley, Sacramento, CA 95816, Sacramento, 95816 - 3 bed, 3 bath
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2531 Rice Alley
Sacramento, CA 95816
ACTIVE
CONDITION: GOOD
3Beds
3Baths
1,323Sq Ft
1,307Lot Size
Property Price
LIST PRICE$599,000
EST. MARKET VALUE
$621,526
3% BelowMARKET VALUE
SUMMARY
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $639,000—positioned well below the $651,926 Fair Market Value by 1%. This valuation gap offers $12,926 in Instant Equity for the buyer. Featuring a Good Condition Rating, the home includes a modern kitchen with GE Cafe appliances and hardwood floors. Located in a highly walkable Midtown neighborhood, it offers a low-maintenance lifestyle. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready urban sanctuary.
Estimated Market Value
$621,526+$22,526 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Sacramento.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2531 Rice Alley Subject | $599,000* List Price | 3 | 3 | 1,323 | $470 | - |
A 1728 27th Street Active | $649,000 List Price | 3 | 3 | 1,205 | $539 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2013, the property is 11 years old, placing it in the 'Good' category (10-20y). The home is exceptionally well-maintained and move-in ready, featuring a modern kitchen with premium GE Cafe appliances, granite countertops, hardwood flooring, and updated systems including a tankless water heater.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Midtown Location
The property is ideally situated in a highly walkable neighborhood, just steps from the light rail, Natural Foods Co-op, and a variety of boutique shops and dining options.
- Modern High-End Finishes
Built in 2013, this home features premium upgrades including GE Cafe stainless steel appliances, hardwood floors throughout, and a tankless water heater for modern efficiency.
- Low-Maintenance Urban Living
The HOA covers front landscaping and provides access to shared social amenities like a BBQ and fire-pit, offering a convenient 'lock-and-leave' lifestyle for busy professionals.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1307, living area = 1323.
- Limited Private Outdoor Space
With a lot size of only 1,307 square feet, the property lacks a traditional private backyard, which may be a concern for buyers with pets or those seeking personal garden space.
- Inconsistent School Ratings
While some nearby elementary schools are highly rated, the assigned high schools in the district have significantly lower ratings, which could impact appeal for growing families.
About 2531 Rice Alley
Midtown Living at Its Best! Now offered at an incredible new price! Experience the best of Midtown Sacramento in this beautifully maintained, move-in-ready home located in one of the city's most desirable neighborhoods. More than just a home, this is a lifestyle where your favorite coffee shop, weekend brunch, local markets, restaurants, boutiques, parks, entertainment, and Light Rail are all just a short stroll or bike ride away. Imagine starting your mornings with a walk to Temple Coffee or the Sacramento Natural Foods Co-op, meeting friends for dinner at one of Midtown's acclaimed restaurants, browsing local boutiques, enjoying the vibrant arts scene, or spending weekends exploring nearby farmers markets all without getting in your car. With a Walk Score of 91 and a Bike Score of 100, this location truly embraces urban living at its finest. Inside, you'll find a thoughtfully upgraded home featuring gorgeous hardwood floors throughout, an open-concept floor plan filled with natural light, and a spacious kitchen complete with premium GE Cafe stainless steel appliances, a convection oven, five-burner gas range, generous pantry, and abundant storage. The spacious primary suite offers a private balcony - a perfect spot to enjoy your morning coffee or unwind in the evening. Additional bedrooms feature large closets and flexible space ideal for guests, a home office, or fitness room. Practical upgrades include a tankless water heater and the refrigerator plus washer and dryer are all included for a truly move-in-ready experience. The low-maintenance HOA takes care of landscaping and provides access to a shared BBQ and fire pit gathering area, making it easy to enjoy time with family, friends, and neighbors. Whether you're looking for a lock-and-leave lifestyle, an easy commute via Light Rail, or simply want to enjoy everything Midtown Sacramento has to offer, this exceptional home delivers the perfect combination of modern comfort, convenience, and location. Come experience why Midtown remains one of Sacramento's most sought-after places to call home.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2013
- Lot Size
- 1,307 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $180 / Month
Neighborhood Insights
Sacramento Unified Schools
David Lubin Elementary School
Grades K-6 • 0.9 mi
6/10
William Land Elementary School
Grades K-6 • 1.1 mi
6/10
Washington Elementary School
Grades K-6 • 1.2 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,323 | 1,540.857 |
| Lot Size | 1,307 | 6,330.116 |
| Price | $599.0K | $508.1K |
| Price per sq ft | $453 | $333 |
| Built year | 2013 | 1975 |
| HOA | $180 | $128 |
| Days on market | 84 | 45 |
Pricing History
Listed for Sale
Jul 16, 2026
$599,000
$629,000
-5% Price Drop
Initial Listing
Price Change
Jul 12, 2026
$629,000
$639,000
-2% Price Drop
Initial Listing
Price Change
Jun 17, 2026
$639,000
Initial Listing
Sold
Feb 2, 2021
$535,000
Public Record
Sold
Jan 22, 2014
$359,000
Public Record