18245 Lancaster, Lancaster, California 93536, Lancaster, 93536 - 4 bed, 3 bath
ACTIVE$350,000
18245 Lancaster, Lancaster, California 93536
4Beds
3Baths
2,500Sqft
371,215Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 371215, living area = 2500.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =371215, other record lot size in square feet = 322934.
Compared to the nearby listings
Price:$350.0K vs avg $551.8K ($-201,750)4%
Size:2,500 sqft vs avg 2,140 sqft71%
Price/sqft:$140 vs avg $2651%
More Insights
Built in 1983 (42 years old).
Condition: The property, built in 1983, is explicitly marketed as a 'Fixer' and requires extensive renovation. The significant price reduction from its 2022 sale price of $750,000 to the current $350,000 strongly suggests major underlying issues and aging infrastructure. While exterior windows appear updated, the overall condition points to substantial repairs and rehabilitation needed for all major components, including likely outdated kitchens and bathrooms, to meet modern standards and ensure safety and comfort.
Year Built
1983
Close
-
List price
$350K
Original List price
$350K
Price/Sqft
$140
HOA
-
Days on market
-
Sold On
-
MLS number
SR25271481
Home ConditionPoor
Features
Good View: Desert
ViewDesert
About this home
This is a Fixer on 7.41 Acres.
Price History
Date
Event
Price
09/14/93
Sold
$225,000
01/20/22
Sold
$750,000
Condition Rating
Poor
The property, built in 1983, is explicitly marketed as a 'Fixer' and requires extensive renovation. The significant price reduction from its 2022 sale price of $750,000 to the current $350,000 strongly suggests major underlying issues and aging infrastructure. While exterior windows appear updated, the overall condition points to substantial repairs and rehabilitation needed for all major components, including likely outdated kitchens and bathrooms, to meet modern standards and ensure safety and comfort.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 371215, living area = 2500.
Expansive Lot Size: A substantial 7.41-acre lot offers considerable privacy, potential for expansion, or various land uses, a rare find in residential markets.
Significant Investment Potential: Listed as a 'Fixer' at $350,000, a substantial reduction from its 2022 sale price of $750,000, indicating strong value-add opportunity for renovation and appreciation.
Desert View: The property features a desirable desert view, appealing to buyers seeking specific natural aesthetics, tranquility, and open vistas.
Generous Living Space: With 2500 sqft, 4 bedrooms, and 3 bathrooms, the home provides a spacious layout suitable for a family once renovated to modern standards.
Competitive Entry Price: The current list price of $350,000 offers an attractive entry point into a large acreage property, especially for cash buyers or those with renovation financing.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =371215, other record lot size in square feet = 322934.
Extensive Renovation Required: Explicitly marketed as a 'Fixer,' the property demands significant capital investment, time, and effort for comprehensive repairs and upgrades.
Potential for Hidden Costs: The drastic price reduction from its last sale suggests potential for major underlying issues beyond cosmetic, leading to unpredictable and substantial renovation expenses.
Aging Infrastructure: Built in 1983, the property's systems and components are likely original or outdated, necessitating costly replacements or upgrades to meet modern standards and safety codes.