37058 Waterman Avenue, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
Loading property details...
Palmdale, California 93550
This Value-Add Residential Asset is listed at $429,000, positioned as a market-aligned entry for the Shadow Hills neighborhood relative to its $321,263 Fair Market Value. With a Condition Rating of 5, this Probate Sale requires a comprehensive renovation to modernize its 1987 finishes and address an unpermitted garage conversion. The property offers a functional single-story layout featuring a cozy fireplace and a versatile bonus room. Sold strictly as-is, this project provides a clear path for forced appreciation, making it ideal for Fix-and-Flip Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37058 Waterman Avenue Subject | $429,000* List Price | 3 | 2 | 1,451 | $228 | - |
A 37005 Justin Court Sold | $455,000 | 3 | 2 | 1,229 | $370 | 0.2 mi |
B 3006 Via Primero Sold | $430,000 | 3 | 2 | 1,232 | $349 | 0.6 mi |
C 36718 Petra Drive Sold | $448,000 | 3 | 2 | 1,506 | $297 | 0.8 mi |
D 3839 Eclipse Sold | $335,000 | 3 | 2 | 1,272 | $263 | 0.5 mi |
E 3244 E Avenue S2 Active | $394,000 List Price | 3 | 2 | 1,229 | $321 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987 (37 years old) with no evidence of major renovations. The kitchen and bathrooms feature original oak cabinetry, tile countertops, and dated fluorescent lighting. As a probate sale sold 'as-is' with an unpermitted garage conversion and aging systems, the property requires a full rehab to meet modern standards.
The home features a practical, light-filled floor plan with a cozy fireplace and a spacious master suite with high ceilings, offering comfortable and accessible living.
A partial garage conversion provides a flexible fourth room that can serve as a home office, playroom, or additional bedroom, adding significant utility to the floor plan.
Equipped with central air conditioning and a large master walk-in closet, the property includes key features that enhance year-round comfort and storage capacity.
The property is a probate sale subject to court confirmation and potential overbidding, which adds procedural complexity and uncertainty for prospective buyers.
The garage conversion likely lacks permits and the home is sold strictly as-is with no seller repairs or termite work, placing all liability and renovation costs on the buyer.
Probate Sale, subject to Court Confirmation and overbidding in Court. FOR SALE after 16 years! Built in 1987, this spacious 3-bed 2-bath home offers 1,451 sq ft of comfortable living space on a generous 6,796 sq ft lot in Palmdale. One of the lowest price per SF in the area, only $296 per sq. ft. This thoughtfully designed property features a practical floor plan filled with natural light, complemented by a cozy fireplace in the living room that brings warmth and charm. The comfortable single-story layout includes a living room and dining area conveniently situated next to the kitchen, creating an easy flow for everyday living. Central air conditioning provides year-round comfort. Spacious master bedroom has high ceilings, walk-in closet, and direct access to the backyard, which is open for your imagination and fulfilling your dream of a perfect backyard project. Part of the garage appears to have been converted into an additional 4th room, with access from one of the bedrooms and from the exterior through the side door. This room can be used as a 4th bedroom/Home-Office/Kids playroom, or as deemed appropriate. Subject garage conversion may have been done without permits. Buyers are advised to conduct their own due diligence and assume all responsibilities for any necessary repairs or improvements. Sold AS IS and WHERE IS, with all faults, and without warranty, express or implied. Garage can fit one car inside in addition to the driveway. Seller will not be responsible for any repairs, inspection reports, and/or termite work. Buyer to conduct their own investigations and assume all responsibilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,451 | 1,493 | 46% |
| Lot Size | 6,793 | 7,073 | 35% |
| Price | $429.0K | $450.0K | 36% |
| Price per sq ft | $296 | $311 | 39% |
| Built year | 1987 | 1984 | 61% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 159 | 3% |
Apr 20, 2026
$429,000
Initial Listing
Feb 19, 2010
$110,000
Public Record