14955 Elizabeth Lake, Lake Hughes, California 93532, Lake Hughes, 93532 - 3 bed, 2 bath
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Lake Hughes, California 93532
This property presents a High-Potential Investment Opportunity with a List Price of $450,000—positioned well below the $395,070 Fair Market Value by -13%. While the home features modern updates like granite countertops and laminate flooring, its Fair Condition Rating and original cabinetry suggest a need for cosmetic modernization. The downstairs master suite and two-car garage provide functional utility, though the compact lot size requires careful planning. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add project in a rural setting.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 14955 Elizabeth Lake Subject | $450,000* List Price | 3 | 2 | 1,543 | $256 | - |
A 14811 Elizabeth Lake Road Sold | $340,000 | 2 | 2 | 1,336 | $254 | 0.3 mi |
B 42718 Coolcrest Drive Sold | $460,000 | 3 | 3 | 1,760 | $261 | 0.6 mi |
C 14520 Hardtree Sold | $359,000 | 3 | 1 | 1,120 | $321 | 0.9 mi |
D 42647 Pinecliff Street Sold | $476,000 | 2 | 2 | 1,611 | $295 | 0.7 mi |
E 15152 Ojibwa Place Active Under Contract | $409,000 List Price | 3 | 2 | 1,483 | $276 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, the property is 40 years old and falls into the 'Fair' category. While it features some recent updates such as laminate flooring, granite countertops, and newer windows, the kitchen cabinetry appears original and the overall aesthetic is dated. The exterior wood deck shows significant weathering, and the yard is unimproved, suggesting a need for minor repairs and further modernization.
The home features key contemporary updates including granite countertops, laminate flooring, and newer windows, providing a move-in-ready experience for buyers.
The inclusion of a downstairs master bedroom with a walk-in closet offers excellent accessibility and a highly sought-after layout for long-term residency.
Equipped with an inside laundry room and a two-car attached garage, the property provides practical convenience and ample storage space often missing in older rural homes.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Located in Lake Hughes, the property offers a rural lifestyle that may result in significant commute times to major employment hubs and limited proximity to urban amenities.
At approximately 5,998 square feet, the lot is relatively small for a 'country living' setting, which may limit outdoor privacy or space for expansion compared to neighboring parcels.
Country living style located in Lake Hughes 3 bedrooms 2 baths home, featuring updated windows, laminated flooring, granite counter top in the kitchen, inside laundry room, two attached car garage, downstairs master bedroom with walking closet.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,543 | 1,332 | 59% |
| Lot Size | 5,998 | 7,841 | 35% |
| Price | $450.0K | $455.0K | 47% |
| Price per sq ft | $292 | $317 | 35% |
| Built year | 1984 | 1983 | 53% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 156 | 6% |
May 15, 2026
$450,000
Initial Listing