1543 Elizabeth Lake, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
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Palmdale, California 93551
This 1955 West Palmdale Residence represents a strategic Value-Add Asset listed at $450,000. While currently positioned above the $414,182 Fair Market Value, the property’s valuation is anchored by its expansive 8,019 sq ft Lot and detached garage, signaling significant ADU Potential. With a Condition Rating of 4, the interior features a Bonus Room, vaulted ceilings, and a brick fireplace, complemented by an Outdoor Patio. Located in the Palmdale School District near the 14 freeway, this property is a calculated acquisition for Buy-and-Hold Investors or First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1543 Elizabeth Lake Subject | $450,000* List Price | 3 | 2 | 1,088 | $381 | - |
A 38953 Foxholm Drive Sold | $440,000 | 4 | 2 | 1,139 | $386 | 0.2 mi |
B 39221 Foxholm Drive Sold | $419,000 | 3 | 2 | 1,141 | $367 | 0.6 mi |
C 39203 Foxholm Sold | $475,000 | 3 | 2 | 1,132 | $420 | 0.6 mi |
D 38910 Sage Tree Sold | $435,000 | 3 | 1 | 1,026 | $424 | 0.5 mi |
E 1549 Elizabeth Lake Active | $415,000 List Price | 3 | 2 | 1,088 | $381 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, this property is well-maintained but largely in its original or dated condition. The kitchen features vintage wood paneling, scalloped wood cabinetry, and older appliances that require modernization. While the home offers functional features like vaulted ceilings and tile flooring in the living area, other spaces contain dated carpeting and drop ceilings, indicating the need for cosmetic updates and system refreshments to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8019, living area = 1088.
The home features an open floor plan with vaulted ceilings and a generous bonus room, providing flexible options for a home office or additional family area.
The expansive 8,019 sq ft lot offers ample space for outdoor entertaining and significant value-add opportunities such as an ADU, pool, or expansion.
Built in 1955, the property may require updates to core systems and cosmetic refreshments to meet modern energy efficiency and aesthetic standards.
With 1,088 sq ft distributed across three bedrooms and a bonus room, the individual living areas may feel compact for larger families.
This attractive West Palmdale property features a spacious 8,019 sq ft lot. With 3 bedrooms, 2 bathrooms, and a generous bonus room suitable as either a family area or home office, it provides both comfort and practicality. The living room features a vaulted ceiling and a brick fireplace, connecting to the dining area and kitchen via a breakfast bar. The open floor plan creates a spacious interior environment. The sliding door opens onto the outdoor patio and spacious yard. The expansive backyard provides limitless opportunities—ideal for entertaining, gardening, or potential enhancements like a pool, ADU, or an outdoor lounge area. There is also a two-car detached garage. Located near shopping, dining, and the 14 freeway, this home is ready for its next owner or as an investment property.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 26% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,088 | 2,394 | 1% |
| Lot Size | 8,019 | 8,645 | 42% |
| Price | $450.0K | $620.0K | 9% |
| Price per sq ft | $414 | $264 | 96% |
| Built year | 1955 | 1994 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 20 | 201 | 0% |
Apr 2, 2026
$450,000
Initial Listing
Nov 20, 2002
$107,000
Public Record
Nov 4, 1993
$62,000
Public Record