3021 Limewood, Lancaster, California 93536, Lancaster, 93536 - 4 bed, 3 bath
ACTIVE$435,000
3021 Limewood, Lancaster, California 93536
4Beds
3Baths
1,535Sqft
6,600Lot
Price Vs. Estimate
The estimated value ($430,200.515) is $4,799.485 (1%) lower than the list price ($435,000). This property may be overpriced.
Key pros and cons
Top Pros:
Prime Neighborhood Location: Situated in one of Lancaster's best neighborhoods, offering a desirable living environment and strong community appeal.
Top Cons:
Requires Cosmetic & System Updates: The property would benefit from light TLC and thoughtful updates to modernize its aesthetics and potentially some older systems.
Compared to the nearby listings
Price:$435.0K vs avg $551.8K ($-116,750)12%
Size:1,535 sqft vs avg 2,135.5 sqft19%
Price/sqft:$283 vs avg $26664%
More Insights
Built in 1973 (52 years old).
Condition: The property was built in 1973, making it over 50 years old. While the roof was replaced 'just a few years ago,' a significant positive, the listing description explicitly states it requires 'light TLC' and 'cosmetic & system updates.' The visible interior (fireplace area) shows dated features, and without images of the kitchen and bathrooms, it's highly probable these critical areas are original or minimally updated and would require significant renovation to meet current standards. The exterior also appears dated and needs curb appeal improvements. This aligns with the 'Fair' category, indicating an aged home that has been maintained but requires minor updates and modernization, with major components likely showing signs of being outdated.
Year Built
1973
Close
-
List price
$435K
Original List price
$450K
Price/Sqft
$283
HOA
-
Days on market
-
Sold On
-
MLS number
GD25266282
Home ConditionFair
Features
ViewNeighborhood
About this home
Situated in one of best Lancaster’s neighborhoods, this property offers exceptional potential on a beautiful, well-maintained street. The home features 4 bedrooms and 3 bathrooms, providing a comfortable and functional layout for a variety of lifestyles. While the property would benefit from light TLC, a few thoughtful updates will easily transform it into one of the standout homes in the area. Major components such as the roof were replaced just a few years ago, offering added peace of mind and a solid foundation for future improvements. Conveniently located near schools, transportation, and essential amenities, this home presents a wonderful opportunity for buyers looking to personalize a property in a prime Lancaster location.
Price History
Date
Event
Price
07/17/98
Sold
$103,000
06/09/21
Sold
$420,000
01/21/11
Sold
$145,000
10/17/03
Sold
$185,000
Condition Rating
Fair
The property was built in 1973, making it over 50 years old. While the roof was replaced 'just a few years ago,' a significant positive, the listing description explicitly states it requires 'light TLC' and 'cosmetic & system updates.' The visible interior (fireplace area) shows dated features, and without images of the kitchen and bathrooms, it's highly probable these critical areas are original or minimally updated and would require significant renovation to meet current standards. The exterior also appears dated and needs curb appeal improvements. This aligns with the 'Fair' category, indicating an aged home that has been maintained but requires minor updates and modernization, with major components likely showing signs of being outdated.
Pros & Cons
Pros
Prime Neighborhood Location: Situated in one of Lancaster's best neighborhoods, offering a desirable living environment and strong community appeal.
Spacious & Functional Layout: Features 4 bedrooms and 3 bathrooms, providing a comfortable and practical floor plan suitable for various family needs.
Recent Major System Update: The roof was replaced just a few years ago, significantly reducing immediate capital expenditure for a major component and offering peace of mind.
Excellent Accessibility: Conveniently located with easy access to schools, public transportation, and essential local amenities.
Significant Value-Add Potential: Offers exceptional potential for personalization and updates, allowing buyers to transform it into a standout home and build equity.
Cons
Requires Cosmetic & System Updates: The property would benefit from light TLC and thoughtful updates to modernize its aesthetics and potentially some older systems.
Property Age: Built in 1973, which may imply older infrastructure (e.g., plumbing, electrical, HVAC) that could require future maintenance or replacement, despite a newer roof.
Recent Price Reduction: The recent price drop from $450,000 to $435,000 suggests potential market resistance or an initial overpricing, which could impact perceived value.