28261 Preakness Drive, Stallion Springs, CA 93561, Stallion Springs, 93561 - 3 bed, 2 bath
28261 Preakness Drive
Stallion Springs, CA 93561
Property Price
SUMMARY
Analysis of 28261 Preakness Drive, Stallion Springs, CA 93561 is currently available with a list price of $237,550. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Stallion Springs Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property, built in 1986, is explicitly described as a 'fixer-upper' and the images confirm this. The interior has been largely stripped down to the drywall with exposed mudding, indicating a halted or incomplete renovation. The kitchen features severely outdated and worn cabinets, old laminate countertops, and missing appliances, with damaged ceiling and floor tiles. Bathrooms are similarly outdated with old vanities, fixtures, and worn shower inserts. The exterior shows neglect with overgrown landscaping and peeling paint. The overall condition requires substantial repairs and rehabilitation, making it uncomfortable or unsafe to live in its current state, aligning with the 'poor' classification.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 13862, living area = 1152.
- Scenic & Serene Location
Situated in Stallion Springs amidst rolling hills, oak-studded landscapes, and surrounded by Tehachapi mountains, offering picturesque views and an ideal setting for outdoor relaxation.
- Versatile Buyer Appeal
Marketed as a perfect starter home, investment income property, empty nester retreat, or a second vacation home, appealing to a broad range of potential buyers.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
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.
- Fixer-Upper Condition
Explicitly described as a 'fixer-upper' requiring vision and desire to personalize, indicating that significant renovations or upgrades will likely be necessary.
- Recent Price Adjustments
The property has undergone multiple recent price reductions, which may suggest a longer market time or initial overpricing, potentially impacting buyer perception.
About 28261 Preakness Drive
A ranch-style starter home located in Stallion Springs amidst the rolling hills and oak-studded landscape of California. Step outside to a backyard surrounded by the Tehachapi mountains, an ideal retreat for those seeking outdoor relaxation and serene beauty of Southern California living. Nestled in the picturesque community of Stallion Springs, California, awaits a perfect opportunity. A single-story 1,152 square foot ranch-style home with three bedrooms and two bathrooms, conveniently located close to town. A perfect starter home for a new familiy, young couple, investment income property, empty nester, second vacation home away from the big city. This opportunity offers a chance for a dream home with a vision and desire to personalize their living space. The potential of this property extends outdoors, where you'll find a spacious yard with endless possibilities. Whether you envision a lush garden, outdoor entertaining space, or a private retreat surrounded by Stallion Springs' natural beauty, The canvas awaits your creative touch for this fixer-upper. 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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1986
- Lot Size
- 13,862 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
Stallion Springs Unified Schools
Cummings Valley Elementary School
Grades K-5 • 5.0 mi
Jacobsen Middle School
Grades 6-8 • 11.7 mi
Tehachapi High School
Grades 9-12 • 11.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,152 | 1,837 | 12% |
| Lot Size | 13,862 | 23,361 | 32% |
| Price | $237.6K | $443.0K | 3% |
| Price per sq ft | $206 | $254 | 19% |
| Built year | 1986 | 1993 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 199 | 3% |
Pricing History
Listed for Sale
Mar 3, 2026
$237,550
$246,500
-4% Price Drop
Initial Listing
Price Change
Jan 25, 2026
$246,500
$249,900
-1% Price Drop
Initial Listing
Price Change
Jan 18, 2026
$249,900
$257,000
-3% Price Drop
Initial Listing
Price Change
Jan 6, 2026
$257,000
Initial Listing
Sold
Jul 18, 2014
$85,000
Public Record
Sold
Apr 30, 2004
$75,000
Public Record