5122 Rhode Island Drive 3, Sacramento, CA 95841, Sacramento, 95841 - 2 bed, 1 bath
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Sacramento, CA 95841
This Townhouse-Style Condominium is listed at $230,000, representing a move-in ready entry into the Sacramento market near its $195,706 Fair Market Value. Holding a Condition Rating of 4, the property offers immediate utility with a brand-new HVAC system, modern laminate flooring, and a refreshed open-concept living area. The association’s FHA and VA approval provides a critical financing advantage, offering rare flexibility for qualified purchasers. Located on a quiet cul-de-sac near Arcade Creek Park and Harry Dewey Fundamental Elementary, the home balances suburban tranquility with essential amenities. It is an ideal match for first-time buyers or veterans.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5122 Rhode Island Drive 3 Subject | $220,000* List Price | 2 | 1 | 840 | $231 | - |
A 5140 Rhode Island Drive 4 Sold | $205,000 | 2 | 1 | 924 | $222 | 0.0 mi |
B 5061 Rhode Island Drive 3 Sold | $200,000 | 2 | 1 | 840 | $238 | 0.1 mi |
C 5802 Shadow Creek Drive 1 Sold | $245,000 | 2 | 1 | 959 | $255 | 0.3 mi |
D 5636 Madison Avenue 2 Pending | $179,000 List Price | 2 | 1 | 840 | $213 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready with several functional updates, including a brand-new HVAC system, modern laminate flooring throughout, and a refreshed bathroom vanity. However, the home retains many original 1969 features that show its age, such as popcorn ceilings, painted original-style cabinetry, and an outdated electric coil range. While the property has undergone regular upkeep, it lacks the comprehensive high-end renovation required for a higher rating, fitting the 'fair' criteria for an aged home with occasional updates.
The condo association is both FHA and VA approved, significantly expanding the pool of potential buyers and offering flexible financing options for first-time homeowners and veterans.
The property features a brand-new HVAC system and a desirable open-concept main level, providing immediate value and reducing the need for near-term capital expenditures.
Situated at the end of a quiet cul-de-sac, the home offers a peaceful residential setting while remaining minutes away from Arcade Creek Park, shopping, and freeway access.
The property was recently sold within the past year on 2025-04-10. The sold price is $225,000.00.
With only 840 square feet of living area and a single bathroom, the property may feel restrictive for growing families or those requiring more spacious accommodations.
The use of a shared garage rather than a private, attached unit may be a drawback for buyers seeking maximum privacy and dedicated vehicle security.
Townhouse style condo at end of cul-de-sac in quiet community of Madison Villa Estates. New HVAC. Great floorplan with open concept living area on main level and bedrooms upstairs. Shared garage and lots of storage. Deep closet in primary bedroom. Outside lawn area. Convenient location being minutes to freeway, schools, shopping, entertainment and restaurants. Beautiful Arcade Creek park within walking distance. Condo association is FHA and VA approved!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades K-6 • 1.8 mi
Grades 6-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 840 | 924 | 36% |
| Lot Size | 2,849 | 1,381 | 91% |
| Price | $220.0K | $230.0K | 36% |
| Price per sq ft | $262 | $255 | 64% |
| Built year | 1969 | 1972 | 45% |
| HOA | $310 | $310 | 50% |
| Days on market | 0 | 202 | 9% |
Apr 16, 2026
$220,000
$224,000
-2% Price Drop
Initial Listing
Apr 9, 2026
$224,000
$230,000
-3% Price Drop
Initial Listing
Apr 10, 2025
$225,000
Public Record
$230,000
Initial Listing