1549 Elizabeth Lake, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
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Palmdale, California 93551
This Updated 1955 Single-Family Residence is listed at $415,000, positioned below the $415,991 Fair Market Value by 0.2%. Maintaining a Condition Rating of 4, the home features a modernized Granite Kitchen, Wood-Laminated Flooring, and an outdoor patio. The property’s primary strength lies in its 7,600 sq ft Corner Lot and detached garage, which presents significant ADU Conversion Potential for rental income or multi-generational living. With City Lights Views and a location within the Palmdale School District, this asset offers both lifestyle appeal and investment stability. It is perfectly suited for First-Time Buyers or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1549 Elizabeth Lake Subject | $425,000* 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 39133 11th Street W Sold | $445,000 | 3 | 2 | 1,454 | $306 | 0.6 mi |
E 2038 Falcon Avenue Sold | $475,000 | 3 | 2 | 1,455 | $326 | 0.8 mi |
F 1543 Elizabeth Lake Active | $450,000 List Price | 3 | 2 | 1,088 | $414 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is a 1955 build that has been maintained with occasional updates, including a kitchen with granite countertops and an updated bathroom vanity. However, the overall style remains somewhat dated, and the exterior, landscaping, and core systems like wall heating reflect the home's age. It is move-in ready but requires minor cosmetic repairs and modernizing to reach a higher quality tier.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7602, living area = 1088.
The detached garage on a spacious corner lot presents an excellent opportunity for an ADU conversion, ideal for generating rental income or accommodating multi-generational living.
The home features a contemporary updated kitchen with granite countertops and wood cabinetry, complemented by durable wood-laminated flooring throughout the main living areas.
At 1,088 sq ft for a three-bedroom configuration, the interior living spaces and bedrooms may feel compact for families requiring more room to spread out.
Originally built in 1955, the property may require more frequent maintenance or updates to its core systems compared to newer builds in the Palmdale area.
This single-story home is situated on a spacious 7,600 sq ft corner lot offering 1,088 sq ft of comfortable living space. This property features 3 carpeted bedrooms and 1 ½ bathrooms, an updated granite counter kitchen with wood cabinets, and beautiful wood-laminated flooring throughout the main living areas. The home includes a detached garage, creating excellent potential for an ADU conversion (buyer to verify), making it a great opportunity for additional rental income, guest quarters, or extended family living. Enjoy a functional layout with an eat-in kitchen, inviting living room, and plenty of outdoor space for entertaining, gardening, or future expansion. The large corner lot provides added privacy, parking flexibility, and room to grow.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 27% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,088 | 2,348 | 2% |
| Lot Size | 7,602 | 8,859 | 32% |
| Price | $425.0K | $616.0K | 3% |
| Price per sq ft | $391 | $265 | 94% |
| Built year | 1955 | 1995 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 97 | 175 | 17% |
May 15, 2026
$425,000
$415,000
+2% Price Increase
Initial Listing
Mar 11, 2026
$415,000
Initial Listing
Aug 19, 2009
$88,000
Public Record