1850 Katee Lane, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 1 bath
ACTIVE$950,000
1850 Katee Lane, Palmdale, California 93550
2Beds
1Bath
384Sqft
566,280Lot
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 = 566280, living area = 384.
Top Cons:
Minimal Existing Dwelling Size: The current home is exceptionally small at only 384 sq ft, which may not meet the needs of most buyers and limits immediate comfortable living space, suggesting it's more of a placeholder than a primary residence.
Compared to the nearby listings
Price:$950.0K vs avg $465.0K (+$485,000)98%
Size:384 sqft vs avg 1,510.5 sqft1%
Price/sqft:$2.5K vs avg $30699%
More Insights
Built in 1939 (86 years old).
Condition: Built in 1939, this 384 sq. ft. home is extremely dated. The kitchen features painted, worn cabinets, old laminate countertops, and very dated tile flooring. The bathroom has a basic pedestal sink and an old-style shower with frosted, etched glass doors and dated tiles. While described as 'functional,' the property's advanced age and lack of significant modern renovations mean it requires substantial repairs and rehabilitation to meet contemporary living standards. The value is clearly in the 23 acres of land, not the existing structure.
Year Built
1939
Close
-
List price
$950K
Original List price
$950K
Price/Sqft
$2,474
HOA
-
Days on market
-
Sold On
-
MLS number
SR25015166
Home ConditionPoor
Features
Excellent View: Panoramic, Valley
Deck
ViewPanoramic, Valley
About this home
**Unbeatable Location with Endless Potential!** Seize the chance to own 23 acres of mostly undeveloped land, offering spectacular views of the Antelope Valley! The property includes a cozy 384 sq. ft. home on a raised foundation that feels larger than its size suggests. Inside, you'll find 2 bedrooms, 1 bath, a functional kitchen, laundry area, and a versatile room currently used as an office. With its own well and septic system, this property is a rare find. Perfect for commuters, it's just minutes from the 14 Freeway and Highway 138, with shopping, schools, and hospitals conveniently nearby. Explore the possibilities and make this unique property your own!
Condition Rating
Poor
Built in 1939, this 384 sq. ft. home is extremely dated. The kitchen features painted, worn cabinets, old laminate countertops, and very dated tile flooring. The bathroom has a basic pedestal sink and an old-style shower with frosted, etched glass doors and dated tiles. While described as 'functional,' the property's advanced age and lack of significant modern renovations mean it requires substantial repairs and rehabilitation to meet contemporary living standards. The value is clearly in the 23 acres of land, not the existing structure.
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 = 566280, living area = 384.
Vast Land & Development Potential: The property encompasses 23 acres of mostly undeveloped land, offering immense potential for expansion, new construction, or various land uses, making it a significant asset for future development or personal estate.
Panoramic Valley Views: Boasting spectacular, panoramic views of the Antelope Valley, the property's aesthetic appeal and potential market value are significantly enhanced by its scenic surroundings.
Independent Utilities: Equipped with its own well and septic system, the property offers self-sufficiency and independence from municipal water and sewer services, potentially reducing utility costs.
Excellent Commuter Location: Strategically located just minutes from the 14 Freeway and Highway 138, the property provides convenient access for commuters to surrounding areas.
Proximity to Essential Amenities: Despite its expansive and somewhat rural nature, the property is conveniently close to shopping, schools, and hospitals, balancing a private setting with urban accessibility.
Cons
Minimal Existing Dwelling Size: The current home is exceptionally small at only 384 sq ft, which may not meet the needs of most buyers and limits immediate comfortable living space, suggesting it's more of a placeholder than a primary residence.
Advanced Age of Structure: Built in 1939, the existing residence is very old, likely requiring substantial renovation, modernization, or even replacement to meet contemporary living standards and safety codes.
High Investment for Habitable Space: The significant list price of $950,000, primarily driven by the land value, implies a substantial additional investment would be required to develop a larger, more modern, and comfortable living space suitable for most families.