2554 Olive 82, Palmdale, California 93550, Palmdale, 93550 - 2 bed, 2 bath
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2554 Olive 82
Palmdale, California 93550
ACTIVE
CONDITION: GOOD
2Beds
2Baths
853Sq Ft
210,489Lot Size
Property Price
LIST PRICE$282,000
EST. MARKET VALUE
$299,502
5% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $282,000—positioned well below the $299,502 Fair Market Value by 5%. This valuation gap offers $17,502 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a new HVAC system and smart home integration, this unit offers a low-maintenance lifestyle with access to two pools and spas. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a modern, secure, and move-in ready residence.
Estimated Market Value
$299,502+$17,502 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palmdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2554 Olive 82 Subject | $282,000* List Price | 2 | 2 | 853 | $351 | - |
A 2554 Olive Drive 116 Sold | $272,500 | 2 | 2 | 853 | $319 | 0.0 mi |
B 2554 Olive Drive 188 Sold | $285,000 | 2 | 2 | 853 | $334 | 0.1 mi |
C 2554 Olive 101 Sold | $285,000 | 2 | 2 | 853 | $334 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1986, the property is well-maintained and move-in ready with significant recent updates including a new HVAC system, new carpets, and an updated bathroom vanity. The inclusion of smart home technology and the 'excellent' maintenance described overcomes the age of the structure.
PROSSTRENGTHS & OPPORTUNITIES
- Smart Home Integration
The property is equipped with Alexa-enabled lighting and a comprehensive smart security system, including a fingerprint-access lock and Blink doorbell, offering modern convenience and peace of mind.
- Turnkey Condition
This move-in-ready unit features a brand-new HVAC system, updated blinds, and included appliances, significantly reducing immediate maintenance costs and effort for the new owner.
- Enhanced Security & Amenities
Situated within a 24-hour gated community, residents benefit from increased safety along with premium amenities including two swimming pools and two hot tubs, enhancing the overall lifestyle value.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =210489, other record lot size in square feet = 210422.
- High Association Fees
The monthly HOA fee of $378 represents a significant recurring expense that may impact the purchasing power and monthly budget of first-time buyers or investors.
- Limited Interior Space
At 853 square feet, the two-bedroom layout is relatively compact, which may be a constraint for buyers requiring more storage or larger living areas.
About 2554 Olive 82
MOVE-IN READY IN GATED COMMUNITY! This beautifully maintained, upper-level condominium features 2 bedrooms, 2 baths, with 853 sq ft of living space, located in Monte Vista Community. Upgraded features include Alexa-enabled lighting throughout, a new HVAC system, new blinds, clean carpets, and in-unit laundry. Appliances are included, along with a Blink smart doorbell and smart door lock featuring fingerprint, keypad, key fob, and app-controlled entry. Step outside onto the spacious private balcony, perfect for relaxing. Enjoy the added benefits of 24-hour gated security, plus community amenities including two pools and two hot tubs. Conveniently located near shopping and restaurants, with several options within walking distance. A great opportunity for a first-time buyer, downsizer, or investor--come see it before it's gone!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1986
- Lot Size
- 210,489 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $378.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.3 |
| Square foot | 853 | 1,439.667 |
| Lot Size | 210,489 | 198,272.333 |
| Price | $282.0K | $309.4K |
| Price per sq ft | $331 | $246 |
| Built year | 1986 | 1985 |
| HOA | $378.0 | $389 |
| Days on market | 7 | 73 |
Pricing History
Listed for Sale
Sep 2, 2026
$282,000
Initial Listing
Sold
Sep 20, 2024
$279,000
Public Record
Sold
May 4, 2023
$242,000
Public Record
Sold
Jun 29, 2021
$193,000
Public Record
Sold
Jan 28, 2004
$99,000
Public Record