
Phelan, California 92371
This property presents a High-Potential Investment Opportunity with a List Price of $489,900—positioned well below the $510,759 Fair Market Value by 4%. This valuation gap offers $20,859 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a 2.25-acre lot and panoramic mountain views, the home offers significant upside for cosmetic renovation. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value through sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10432 Atsina Subject 4 bd · 3 ba · 2,154 sqft · $237 | $489,900* List Price | 4 | 3 | 2,154 | $237 | - |
A 7330 Smoke Tree Sold 4 bd · 3 ba · 2,699 sqft · $224 · 0.8 mi | $605,000 | 4 | 3 | 2,699 | $224 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 25-year-old home features original late-90s finishes including oak cabinetry and white tile countertops in the kitchen and bathrooms. While structurally functional, the interior is dated and shows significant wear, specifically heavily stained carpeting that requires replacement, placing it firmly in the 'Fair' category needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 98445, living area = 2154.
The property sits on over 2.25 acres of flat, usable land, providing ample space for horses, RV storage, or future structural additions like an ADU.
Residents can enjoy picturesque mountain vistas, a key feature of High Desert living that adds significant aesthetic appeal and value to the home.
While offering privacy, the property's location in Phelan may result in longer commute times to major metropolitan employment hubs and services.
The vast 98,445 sq. ft. lot requires significant ongoing maintenance to manage desert vegetation and ensure the acreage remains fire-safe and usable.
Spacious 4-bedroom, 3-bath home situated on acres of usable land in desirable Phelan. Offering 2,154 square feet of living space, this well-maintained property features a functional floor plan, beautiful mountain views, and plenty of room for horses, RVs, toys, or future improvements. Enjoy the privacy and open space of High Desert living while remaining conveniently located near local amenities and commuter routes. A fantastic opportunity to own acreage with endless potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.6 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,154 | 1,899 |
| Lot Size | 98,445 | 96,617.522 |
| Price | $489.9K | $474.3K |
| Price per sq ft | $227 | $253 |
| Built year | 1999 | 1996 |
| HOA | $0 | $0 |
| Days on market | 38 | 88 |
Sep 16, 2026
$489,900
Initial Listing
Oct 4, 1999
$15,000
Public Record