360 Morningside Terrace, Palmdale, California 93551, Palmdale, 93551 - 6 bed, 3 bath
360 Morningside Terrace
Palmdale, California 93551
Property Price
SUMMARY
Analysis of 360 Morningside Terrace, Palmdale, California 93551 reveals a property with a current list price of $450,000, which is 9% above the estimated $410,253 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 360 Morningside Terrace Subject | $450,000* List Price | 6 | 3 | 2,394 | $171 | - |
A 337 Morningside Terrace Sold | $495,000 | 4 | 3 | 2,604 | $190 | 0.0 mi |
B 38328 Bonino Drive Sold | $550,000 | 4 | 2 | 2,452 | $224 | 0.6 mi |
C 351 Pagosa Court Sold | $585,000 | 4 | 3 | 2,604 | $225 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1990, this property is over 30 years old. While the description notes desirable features like wood flooring downstairs, Plantation shutters, and granite countertops in the kitchen, the absence of interior images for the kitchen and bathrooms makes a full assessment challenging. The 'granite countertops' suggest an update, but the overall style and age of appliances/fixtures are unknown and likely dated. The master bath description sounds functional but not necessarily modern. The property is a short sale, often indicative of potential deferred maintenance, and the lack of a specified cooling system is a significant concern for Palmdale's climate. It appears to be aged but maintained, with functional components that likely show signs of being outdated, requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Spacious & Flexible Layout
With 6 bedrooms (4 upstairs, 2 downstairs) and 2394 sqft, this home offers ample space and a flexible layout suitable for large families or multi-generational living.
- Desirable Interior Finishes
The property boasts beautiful wood flooring and Plantation shutters throughout the downstairs, granite countertops in the kitchen, and a luxurious master suite featuring a separate tub and shower, dual sinks, and a walk-in closet.
- Excellent Outdoor Living & Landscaping
Fully landscaped yards, a large back patio area, and a charming brick-paved front courtyard provide ideal spaces for entertaining, relaxation, and outdoor enjoyment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 4.
- Short Sale Opportunity
Being a short sale, the transaction process can be complex, lengthy, and uncertain, requiring significant patience and specific expertise from the buyer and their agent.
- Potential for Deferred Maintenance
The significant price reduction from a recent sale ($570,000 to $450,000) and short sale status may indicate potential deferred maintenance or systems nearing end-of-life, which could require additional investment from the buyer.
About 360 Morningside Terrace
Short sale opportunity !!! this property is a Mediterranean style home on quiet cul-de-sac near freeway, schools and a full range of stores and restaurants. Four bedrooms up and two down. Fully landscaped yards with large back patio area, charming front courtyard paved with brick, all made for entertaining or relaxing at leisure. Beautiful wood flooring and Plantation shutters throughout downstairs living areas, Carpet on the upstairs rooms, Granite countertops in kitchen. Breakfast bar, kitchen nook and formal dining for all types of gracious hosting. Large master suite overlooking back yard, with bath featuring separate tub & shower, dual sinks, wardrobe AND walk-in closet. Nice! Near lovely neighborhood Manzanita Heights Park for picnics and playtimes
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 7,208 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 98% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,394 | 2,380 | 50% |
| Lot Size | 7,208 | 8,647.5 | 27% |
| Price | $450.0K | $610.0K | 8% |
| Price per sq ft | $188 | $265 | 4% |
| Built year | 1990 | 1992 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 89 | 199 | 6% |
Pricing History
Listed for Sale
Dec 7, 2025
$450,000
Initial Listing
Sold
Jan 10, 2024
$570,000
Public Record