15142 Lanfair, Lancaster, California 93535, Lancaster, 93535 - 2 bed, 1 bath
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Lancaster, California 93535
This Value-Add Residential Property is listed at $329,950, aligning with the local market and its $306,830 Fair Market Value. Boasting a Condition Rating of 4, the home is move-in ready with a roof under 8 years old and updated HVAC systems. The primary draw is the expansive 0.91-Acre Lot featuring RV Access and Panoramic Desert Views, providing ample space for future ADU development or storage. This versatile asset is perfectly suited for First-Time Buyers or Buy-and-Hold Investors looking for land-rich opportunities in Lancaster.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15142 Lanfair Subject | $329,950* List Price | 2 | 1 | 912 | $335 | - |
A 15845 Mossdale Sold | $380,000 | 3 | 2 | 1,259 | $302 | 0.8 mi |
B 40964 156th E Sold | $365,000 | 3 | 2 | 1,134 | $322 | 0.8 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 significant updates to major systems, including a roof under 8 years old and HVAC/water heater under 10 years old. However, based on the provided criteria, it falls into the 'fair' category because it was built in 1986 (over 20 years ago) and the interior—specifically the kitchen and bathrooms—retains an outdated style with older cabinetry and fixtures. While functional and clean, the home has not undergone a full recent renovation to meet modern aesthetic standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 39461, living area = 912.
The property sits on a nearly one-acre lot (0.91 acres) featuring RV access and a fully fenced yard, providing ample space for future expansion, ADU potential, or extensive outdoor storage.
With a roof less than 8 years old and the A/C and water heater both under 10 years old, the home offers significant value and reduced immediate capital expenditure for the buyer.
At just 912 square feet, the home's compact footprint may be a constraint for growing families or buyers requiring more substantial indoor living space.
The property's location approximately 25 minutes from Palmdale may be a drawback for those seeking immediate proximity to major urban employment centers and high-density amenities.
Welcome to this cute and cozy 2-bedroom, 2-bath home offering 912 sq ft of living space on an impressive 0.91-acre lot, a rare opportunity with room to grow. Perfect as a starter home, downsizer, or for anyone seeking space and privacy without sacrificing accessibility. The property features RV access, a brick retaining wall, and a fully chain-link fenced backyard, along with a gated front yard for added security and peace of mind. The expansive lot offers endless possibilities for outdoor enjoyment, storage, or future expansion. Major systems have already been maintained, including a roof less than 8 years old, and A/C and water heater both under 10 years old, providing added value and confidence for the next owner. Conveniently located approximately 25 minutes from Palmdale and close to family-owned shops and local amenities, this home offers the perfect blend of rural charm and everyday convenience. A unique opportunity with land, upgrades, and versatility.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 4% |
| Baths | 1.0 | 2.0 | 4% |
| Square foot | 912 | 1,605 | 2% |
| Lot Size | 39,461 | 7,088 | 92% |
| Price | $329.9K | $440.0K | 7% |
| Price per sq ft | $362 | $266 | 94% |
| Built year | 1986 | 1988 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 181 | 5% |
Feb 23, 2026
$329,950
Initial Listing
Aug 31, 2021
$252,000
Public Record
Apr 15, 2009
$40,000
Public Record
Dec 6, 2004
$160,000
Public Record
Oct 2, 2002
$77,500
Public Record