373 Rainbow Terr, Palmdale, California 93551, Palmdale, 93551 - 4 bed, 3 bath
ACTIVE$698,900
373 Rainbow Terr, Palmdale, California 93551
4Beds
3Baths
2,604Sqft
12,686Lot
Price Vs. Estimate
The estimated value ($670,247.66) is $28,652.34 (4%) lower than the list price ($698,900). This property may be overpriced.
Key pros and cons
Top Pros:
Spacious & Versatile Living: The property offers a generous 2604 sqft with 4 bedrooms, 3 bathrooms, and a large bonus room featuring a fireplace, providing ample and flexible space for a family, home office, or entertainment.
Top Cons:
Property Age: Built in 1990, the property is 34 years old. While upgrades are mentioned, major systems like the roof, HVAC, plumbing, or electrical may be original or nearing the end of their lifespan, potentially requiring future maintenance or replacement.
Compared to the nearby listings
Price:$698.9K vs avg $625.0K (+$73,900)74%
Size:2,604 sqft vs avg 2,350 sqft63%
Price/sqft:$268 vs avg $27244%
More Insights
Built in 1990 (35 years old).
Condition: The property was built in 1990, making it 34 years old. While the description mentions 'tons of upgrades,' the visible interior spaces, especially the kitchen, feature dated wood cabinetry, older-style countertops, and fixtures that suggest renovations, if any, were not recent (within the last 15 years). The flooring appears well-maintained but is also an older style. The overall condition indicates a well-kept home for its age, but with components that are functional yet outdated, requiring minor updates to meet current aesthetic standards.
Year Built
1990
Close
-
List price
$699K
Original List price
$699K
Price/Sqft
$268
HOA
-
Days on market
-
Sold On
-
MLS number
SR25156982
Home ConditionFair
Features
Good View: Hills, Trees/Woods
ViewHills, Trees/Woods
About this home
LOOK FOR IT NO MORE! YOUR SEARCH FOR A SPACIOUS BEATIFUL HOME ENDS HERE! This incredible West Palmdale no Mellow Roo's or CC&R property! has it All with 4 Bedroom 3 Complete bathroom Plus a Large Bonus Room with Chimene and can be used for Office or Entertainments the family! This home is Equipped with tons of upgrades, fruit trees, Excellent for a big family to Enjoy! Locate on a Cul- D-Sac, 3 Car garage and extra wide driveway, LOCATION IS KEY and this home is close to it all shopping center with restaurant, Marie Kerr Park that has all kind of activities including skateboard area basketball, and soccer fields, walking paths, pool. seasonal activities and so much more Closed to Mall and frwy for those Commuters.
Condition Rating
Fair
The property was built in 1990, making it 34 years old. While the description mentions 'tons of upgrades,' the visible interior spaces, especially the kitchen, feature dated wood cabinetry, older-style countertops, and fixtures that suggest renovations, if any, were not recent (within the last 15 years). The flooring appears well-maintained but is also an older style. The overall condition indicates a well-kept home for its age, but with components that are functional yet outdated, requiring minor updates to meet current aesthetic standards.
Pros & Cons
Pros
Spacious & Versatile Living: The property offers a generous 2604 sqft with 4 bedrooms, 3 bathrooms, and a large bonus room featuring a fireplace, providing ample and flexible space for a family, home office, or entertainment.
Desirable Location & Accessibility: Situated on a quiet cul-de-sac, the home boasts a prime location close to shopping centers, restaurants, Marie Kerr Park (offering numerous activities), and convenient freeway access for commuters.
Generous Lot Size & Outdoor Potential: With a substantial 12,686 sqft lot, including fruit trees, the property provides significant outdoor space for recreation, gardening, or potential landscaping enhancements.
Extensive Upgrades: The home is equipped with 'tons of upgrades,' suggesting a well-maintained and potentially modernized interior that could reduce immediate renovation costs for a new owner.
No Mello-Roos or HOA: The absence of Mello-Roos taxes or CC&Rs (Homeowners Association) means lower monthly ownership costs and greater freedom for property modifications.
Cons
Property Age: Built in 1990, the property is 34 years old. While upgrades are mentioned, major systems like the roof, HVAC, plumbing, or electrical may be original or nearing the end of their lifespan, potentially requiring future maintenance or replacement.
Vague Upgrade Details: The description broadly states 'tons of upgrades' without specifying which areas or systems have been updated (e.g., kitchen, bathrooms, flooring, windows). This lack of detail may create uncertainty for potential buyers regarding the extent and quality of renovations.
Palmdale Market Perception: While offering affordability, the Palmdale real estate market can have different appreciation rates and buyer demographics compared to more established or coastal Southern California regions, which might influence long-term investment strategies for some buyers.