
Lancaster, California 93534
This 4-bedroom residence presents a Strong Value Opportunity with a List Price of $385,000—positioned well below the $423,166 Fair Market Value by 9%. This valuation gap offers $38,166 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires strategic TLC to modernize its 1955 finishes and address the unpermitted enclosed patio. Located in the Lancaster district near major freeways, the property’s 1,757 sqft layout provides significant Value-Add Potential. This asset is ideal for Fix-and-Flip Investors or Contractors seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1039 W Avenue J6 Subject | $385,000* List Price | 4 | 2 | 1,757 | $241 | - |
A 44450 Lowtree Avenue Sold | $435,000 | 4 | 3 | 1,634 | $266 | 0.6 mi |
B 526 W Avenue J5 Sold | $385,000 | 3 | 2 | 1,494 | $258 | 0.6 mi |
C 43819 Elm Avenue Sold | $400,000 | 4 | 2 | 1,485 | $269 | 0.6 mi |
D 44131 Elm Sold | $305,000 | 4 | 2 | 1,364 | $224 | 0.5 mi |
E 828 W Avenue J14 Sold | $336,500 | 3 | 2 | 1,260 | $267 | 0.5 mi |
F 601 W Avenue J9 Sold | $380,000 | 4 | 2 | 1,659 | $229 | 0.5 mi |
G 44108 Gadsden Avenue Active | $425,000 List Price | 4 | 2 | 1,509 | $282 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this home is functional but dated, fitting the 'fair' criteria of being maintained through regular upkeep but showing clear signs of age. The kitchen features older oak cabinetry, laminate countertops, and dated black appliances. While the property has practical tile flooring and some bathroom tiling updates, the presence of a wall heater, older light fixtures, and the listing's own admission of needing 'TLC' and having an unpermitted enclosed patio indicate that minor to moderate updates are required to meet modern standards.
The property requires some TLC, presenting a prime opportunity for investors or handy homeowners to build equity through strategic renovations and customization.
Featuring four bedrooms and an additional enclosed patio, the home offers a flexible layout suitable for a home office, playroom, or extended family needs.
Conveniently situated near schools, shopping centers, and major freeways, this home provides excellent accessibility for commuters and easy access to local amenities.
The requirement for the buyer to assume an existing solar lease may impact debt-to-income ratios and represents a mandatory ongoing financial commitment.
The property needs significant maintenance and includes an enclosed patio that may be unpermitted, which could complicate financing or future resale value.
Charming 4-bedroom, 2-bath home offering great potential! This property features tile flooring throughout and a functional layout with plenty of space for comfortable living. The home does need some TLC, making it a perfect opportunity for buyers looking to customize and add value. An enclosed patio provides additional versatile space, ideal for a home office, playroom, or extended living area (not included in the total square footage. Enclosed patio not included in square footage and may be unpermitted. Buyer to verify all information, including permits, square footage. Property has a solar lease that the buyer will need to assume. Conveniently located near schools, shopping, and major freeways. Don’t miss this opportunity to make this home your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,757 | 1,368 | 78% |
| Lot Size | 6,241 | 7,000 | 27% |
| Price | $385.0K | $400.0K | 38% |
| Price per sq ft | $219 | $295 | 8% |
| Built year | 1955 | 1956 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 166 | 1% |
Apr 13, 2026
$385,000
Initial Listing
May 21, 2010
$130,000
Public Record
Jul 17, 2008
$118,500
Public Record
Apr 1, 2003
$122,000
Public Record