360 Morningside Terrace, Palmdale, California 93551, Palmdale, 93551 - 6 bed, 3 bath
ACTIVE$450,000
360 Morningside Terrace, Palmdale, California 93551
6Beds
3Baths
2,394Sqft
7,208Lot
Price Vs. Estimate
The estimated value ($419,641.535) is $30,358.465 (6%) lower than the list price ($450,000). This property may be overpriced.
Key pros and cons
Top Pros:
Short Sale Opportunity: The property is explicitly listed as a short sale, potentially offering a significant value proposition below market rates, as indicated by a previous sale price of $570,000 compared to the current $450,000 list price.
Top Cons:
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.
Compared to the nearby listings
Price:$450.0K vs avg $625.0K ($-175,000)7%
Size:2,394 sqft vs avg 2,350 sqft52%
Price/sqft:$188 vs avg $2723%
More Insights
Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 35 years old. While it features desirable updates like wood flooring, plantation shutters, and granite countertops in the kitchen, these renovations are not explicitly recent and likely fall within the 15-30 year old range, aligning with a 'Fair' condition. The exterior appears well-maintained, but the age of the home suggests that major systems (HVAC, plumbing, electrical) are likely original or older replacements nearing the end of their lifespan, requiring future investment. The bathrooms, while functionally well-laid out, lack specific details on modern updates, indicating they may be dated in style. The property is move-in ready but will require minor updates and potential system replacements in the near future.
Year Built
1990
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$188
HOA
-
Days on market
-
Sold On
-
MLS number
DW25272002
Home ConditionFair
Features
Good View: Desert
Patio
ViewDesert
About this home
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
Price History
Date
Event
Price
01/10/24
Sold
$570,000
Condition Rating
Fair
The property was built in 1990, making it 35 years old. While it features desirable updates like wood flooring, plantation shutters, and granite countertops in the kitchen, these renovations are not explicitly recent and likely fall within the 15-30 year old range, aligning with a 'Fair' condition. The exterior appears well-maintained, but the age of the home suggests that major systems (HVAC, plumbing, electrical) are likely original or older replacements nearing the end of their lifespan, requiring future investment. The bathrooms, while functionally well-laid out, lack specific details on modern updates, indicating they may be dated in style. The property is move-in ready but will require minor updates and potential system replacements in the near future.
Pros & Cons
Pros
Short Sale Opportunity: The property is explicitly listed as a short sale, potentially offering a significant value proposition below market rates, as indicated by a previous sale price of $570,000 compared to the current $450,000 list price.
Spacious & Versatile Layout: With 6 bedrooms and 3 bathrooms across 2394 sqft, including a flexible arrangement of four bedrooms upstairs and two downstairs, this home accommodates large families or multi-generational living.
Desirable Location & Amenities: Situated on a quiet cul-de-sac, the property offers convenient access to freeways, schools, a full range of stores and restaurants, and is near the family-friendly Manzanita Heights Park.
Quality Interior Finishes: The downstairs living areas feature beautiful wood flooring and Plantation shutters, complemented by granite countertops in the kitchen, enhancing the home's aesthetic appeal and perceived value.
Enhanced Outdoor Living: The property boasts fully landscaped yards, a large back patio area, and a charming brick-paved front courtyard, providing excellent spaces for entertaining and relaxation.
Cons
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 Complexity: While an opportunity, short sales are often associated with lengthy approval processes, potential for multiple offers, and uncertainty, which can be challenging for buyers.
Property Age & Potential Updates: Built in 1990, the home is over 30 years old, suggesting that major systems (e.g., HVAC, roof, plumbing) may be nearing the end of their lifespan and could require future investment or updates not explicitly mentioned.
Lack of Mention of Cooling System: Given Palmdale's warm climate, the absence of any mention of an air conditioning or cooling system in the description could be a significant drawback for buyer comfort and energy efficiency.