257 E Avenue Q4, Palmdale, California 93550, Palmdale, 93550 - 5 bed, 3 bath
ACTIVE$375,000$1,568/sqft
Est. Value: $222,809
-40%
AboveEstimate
257 E Avenue Q4, Palmdale, California 93550
5Beds
3Baths
1,568Sqft
6,696Lot
Price Vs. Estimate
The estimated value ($222,809.02) is $152,190.98 (40%) lower than the list price ($375,000). This property may be overpriced.
Key pros and cons
Top Pros:
Investor Opportunity: Explicitly marketed as an 'INVESTORS* * CASH ONLY !' property, appealing to buyers seeking high-potential renovation projects.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1568, other record living area = 1268. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Compared to the nearby listings
Price:$375.0K vs avg $455.0K ($-80,000)13%
Size:1,568 sqft vs avg 1,503 sqft60%
Price/sqft:$239 vs avg $30315%
More Insights
Built in 1956 (70 years old).
Condition: This property, built in 1956, suffered a severe fire in early 2024 and is currently 'Red Tagged,' indicating it is unsafe and unlivable. The images clearly show extensive fire damage, including charred roof joists, collapsed ceilings, and widespread debris throughout the interior. The structural integrity is severely compromised, making the property beyond repair in its current state and likely requiring demolition or a complete structural rebuild. Its value is primarily in the land.
Year Built
1956
Close
-
List price
$375K
Original List price
$400K
Price/Sqft
$239
HOA
-
Days on market
-
Sold On
-
MLS number
TR26000472
Home ConditionTear down
Features
Good View: Mountain(s)
Pool
ViewMountain(s)
About this home
**INVESTORS* * CASH ONLY ! Great Location in Palmdale @ 257 E Avenue Q4 Palmdale 92550 with a POOL. Caught fire early 2024 and is Red Tagged. Records shows 1,269 S.F. 3 Beds 2 Bath , but it is a 5 Bed 3 Baths with approximately 1,568 Sq Ft.
M
Mauricio Rodriguez
Listing Agent
Price History
Date
Event
Price
10/18/95
Sold
$78,000
05/10/10
Sold
$65,000
10/22/03
Sold
$165,000
Condition Rating
Tear down
This property, built in 1956, suffered a severe fire in early 2024 and is currently 'Red Tagged,' indicating it is unsafe and unlivable. The images clearly show extensive fire damage, including charred roof joists, collapsed ceilings, and widespread debris throughout the interior. The structural integrity is severely compromised, making the property beyond repair in its current state and likely requiring demolition or a complete structural rebuild. Its value is primarily in the land.
Pros & Cons
Pros
Investor Opportunity: Explicitly marketed as an 'INVESTORS* * CASH ONLY !' property, appealing to buyers seeking high-potential renovation projects.
Desirable Location: The listing highlights a 'Great Location in Palmdale,' suggesting favorable community access or positioning.
Private Swimming Pool: Features a swimming pool, a sought-after amenity that adds value and recreational appeal post-restoration.
Mountain Views: Offers desirable mountain views, enhancing the property's aesthetic and potential resale value.
Potential for Expanded Layout: The property is noted to have a larger configuration (5 beds, 3 baths, 1,568 sqft) than official records, indicating potential for a spacious home after renovation.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1568, other record living area = 1268. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Severe Fire Damage & Red Tagged: The property was red-tagged due to a fire in early 2024, rendering it uninhabitable and requiring extensive, costly repairs and re-permitting.
Cash-Only Transaction: The 'CASH ONLY!' requirement significantly narrows the buyer pool, as traditional mortgage financing is not an option.
Discrepancy in Property Records: A notable difference exists between recorded property details (3 beds, 2 baths, 1,269 sqft) and the current stated configuration (5 beds, 3 baths, 1,568 sqft), which could pose permitting or legal challenges.