2038 Falcon Avenue, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
2038 Falcon Avenue
Palmdale, California 93551
Property Price
SUMMARY
Analysis of 2038 Falcon Avenue, Palmdale, California 93551 reveals a Fairly Priced Property with a current list price of $500,000 aligned with the estimated $494,070 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2038 Falcon Avenue Subject | $500,000* List Price | 3 | 2 | 1,455 | $340 | - |
A 38745 Almador Sold | $515,000 | 3 | 2 | 1,494 | $345 | 0.9 mi |
B 1641 Windsor Place Sold | $428,000 | 4 | 2 | 1,323 | $324 | 0.5 mi |
C 39221 Foxholm Drive Sold | $419,000 | 3 | 2 | 1,141 | $367 | 0.9 mi |
D 38736 Elder Creek Court Sold | $500,000 | 3 | 3 | 1,388 | $360 | 1.0 mi |
E 2623 Redington Street Sold | $445,000 | 3 | 4 | 1,428 | $312 | 0.9 mi |
F 1847 1847 Heritage Lane Active | $515,000 List Price | 3 | 2 | 1,501 | $343 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989 (35 years old), the property has received excellent functional maintenance and system upgrades (new fence, planned water heater, AC/heater service, leak detection). However, the interior, particularly the kitchen and bathrooms, shows its age. The kitchen features painted cabinets, older white appliances, and dated fluorescent lighting, despite updated countertops and backsplash. Bathrooms also have dated lighting and vanities, though the master shower appears more recently updated. The overall aesthetic requires minor updates to modernize, aligning with a 'fair' condition where the home is aged but maintained, and major components are functional but show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent & Planned Upgrades
Significant recent investments include a new fence (Sept 2024) and a Moen Flo water leak detection system (early 2024), with a new water heater and platform planned for September 2025, ensuring modern functionality and reduced immediate maintenance costs.
- Proactive System Maintenance
The AC/heater were professionally serviced (Sept 2023) and the chimney received a full detailed cleaning (Dec 2023), indicating a well-cared-for home with critical systems in top condition.
- Enhanced Security Features
Equipped with a monitored home security alarm system and a Ring doorbell camera, providing added safety and peace of mind for occupants.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1989, the home is over 30 years old, which may suggest potential for future updates to original components not explicitly mentioned as replaced (e.g., roof, original plumbing/electrical).
- Multiple Price Reductions
The listing has undergone two price reductions from the original $530,000 to $500,000, which could indicate initial overpricing or market resistance at previous price points.
- Limited Specific Interior Aesthetic Upgrades
While systems are well-maintained, the description focuses heavily on functional and exterior updates, with limited detail on recent interior aesthetic renovations (e.g., kitchen, bathrooms, flooring), which might be a consideration for some buyers.
About 2038 Falcon Avenue
Charming Corner Palmdale Home with Modern Upgrades and Thoughtful Maintenance! Welcome to this beautifully cared-for 3-bedroom, 2-bath single-family home offering 1,455 sq. ft. of comfortable living space on a 6,383 sq. ft. lot. This inviting residence combines modern updates with peace-of-mind features, perfect for buyers seeking both style and reliability. Recent improvements include a new fence installed in September 2024, a new water heater and platform (September 2025), and a Moen Flo water leak detection system added in early 2024, an essential feature for home insurance and long-term protection. The AC and heater were professionally serviced with a deep cleaning in September 2023, and the chimney received a full detailed cleaning in December 2023, ensuring the home's systems are in top condition. Additional highlights include a home security alarm system monitored through American West Coast Security, a Ring doorbell camera, and weekly gardener service to keep the exterior pristine. This well-maintained home offers peace of mind and everyday comfort, ready for you to move in and enjoy from day one!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 6,383 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 28% |
| Baths | 2.0 | 3.0 | 29% |
| Square foot | 1,455 | 2,370 | 10% |
| Lot Size | 6,383 | 8,647.5 | 7% |
| Price | $500.0K | $610.0K | 16% |
| Price per sq ft | $344 | $266 | 87% |
| Built year | 1989 | 1992 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 135 | 199 | 18% |
Pricing History
Listed for Sale
Dec 4, 2025
$500,000
$515,000
-3% Price Drop
Initial Listing
Price Change
Nov 5, 2025
$515,000
$530,000
-3% Price Drop
Initial Listing
Price Change
Oct 22, 2025
$530,000
Initial Listing