28261 Preakness Drive, Stallion Springs, CA 93561, Stallion Springs, 93561 - 3 bed, 2 bath
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Stallion Springs, CA 93561
This property presents a High-Potential Investment Opportunity with a List Price of $197,100—positioned well below the $206,711 Fair Market Value by 4%. This valuation gap offers $9,611 in Instant Equity for buyers willing to address the Fair Condition Rating. Featuring a 13,862 sq. ft. lot and scenic mountain views, the home provides significant upside for value-add renovations. This is a strategic acquisition ideal for Fix-and-Flip Investors or first-time buyers seeking a project to build long-term wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 28261 Preakness Drive Subject | $194,691* List Price | 3 | 2 | 1,152 | $178 | - |
A 28261 Preakness Drive Active | $225,500 List Price | 3 | 2 | 1,152 | $196 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1986 (38 years old), the property is explicitly marketed as a fixer-upper. Exterior images show significant deferred maintenance including peeling paint, weathered trim, and unkempt grounds, indicating the home likely requires a full rehab of systems and interior finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13862, living area = 1152.
Priced competitively under $200,000, this property offers significant sweat equity potential for investors or first-time buyers looking to renovate a ranch-style home in a desirable community.
The home features beautiful views of the Tehachapi mountains and the surrounding oak-studded landscape, providing a serene and picturesque setting for a primary residence or vacation retreat.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =13862, other record lot size in square feet = 13939.
The property is explicitly marketed as a fixer-upper, requiring a creative touch and likely substantial investment in repairs and modernization to make it move-in ready.
Located in a rural community, the property is situated over 5 miles from the nearest elementary school and nearly 12 miles from middle and high schools, which may be inconvenient for some families.
A single-story 1,152 square foot ranch-style home with three bedrooms and two bathrooms, conveniently located in picturesque community of Stallion Springs, amidst the rolling hills and oak-studded landscape of California. An ideal retreat with a large backyard surrounded by the Tehachapi mountains. The canvas awaits your creative touch for this fixer-upper. An opportunity for a dream starter home with a desire to personalize their living space. The potential of this property extends outdoors, where you'll find a spacious yard with endless possibilities. Stallion Springs is known for its friendly community, scenic surroundings, and outdoor recreation opportunities, making it an ideal place to put down roots or a weekend getaway. Plus, the nearby Stallion Springs General Store and equestrian facilities add to the charm of this location. A perfect starter home for a new family, young couple, investment income property, empty nester, second vacation home away from the big city.
No exterior & parking available.
Grades K-5 • 5.0 mi
Grades 6-8 • 11.7 mi
Grades 9-12 • 11.8 mi
No sensitive facilities data found.
Jul 7, 2026
$194,691
$196,000
-1% Price Drop
Initial Listing
Jun 30, 2026
$196,000
$197,100
-1% Price Drop
Initial Listing
Jun 23, 2026
$197,100
Initial Listing
Jul 18, 2014
$85,000
Public Record
Apr 30, 2004
$75,000
Public Record