37517 Madison, Palmdale, California 93552, Palmdale, 93552 - 4 bed, 2 bath
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Palmdale, California 93552
This Single-Family Residence represents a High-Potential Investment Opportunity, listed at $489,900—positioned above the $469,449 Fair Market Value. While priced slightly above market, the property offers significant value-add potential through its 200 sq. ft. bonus room and detached storage building with ADU potential. Featuring solar panels, RV access, and a granite kitchen, the home maintains a Condition Rating of 4. This versatile asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a property with substantial room for customization and long-term equity growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37517 Madison Subject | $489,900* List Price | 4 | 2 | 1,600 | $293 | - |
A 4103 Amalfi Sold | $500,000 | 4 | 2 | 2,005 | $249 | 0.5 mi |
B 37718 Clark Court Sold | $448,000 | 3 | 3 | 1,733 | $259 | 0.8 mi |
C 38116 Meadow Wood Street Sold | $445,000 | 3 | 2 | 1,384 | $322 | 0.8 mi |
D 37555 Sulphur Springs Rd Street Sold | $450,000 | 3 | 2 | 1,571 | $286 | 0.4 mi |
E 4044 Belleshire Sold | $370,000 | 3 | 2 | 1,284 | $288 | 0.3 mi |
F 4252 E Avenue Q11 Sold | $477,000 | 3 | 3 | 1,720 | $277 | 0.9 mi |
G 38143 42nd Street E Sold | $430,000 | 3 | 2 | 1,384 | $311 | 0.8 mi |
H 4043 E Avenue R12 Active | $489,999 List Price | 4 | 3 | 2,059 | $238 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the home is functional but dated. While it features granite countertops and tile flooring, the kitchen cabinets and fluorescent lighting appear original or over 20 years old. The exterior landscaping is unmaintained, and although systems like central A/C and solar are present, the overall aesthetic requires modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7663, living area = 1600.
The property features a 200 sq. ft. bonus room and a detached finished storage building with ADU potential, offering significant flexibility for a home office, workshop, or guest suite.
A long concrete driveway provides ample RV access and space for multiple vehicles, boats, or trailers, which is a highly desirable feature for homeowners with recreational equipment.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7663, other record lot size in square feet = 7604. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1396.
The bonus room and detached structure require buyer verification for permits, which could pose challenges for financing or future resale if the square footage is not fully documented.
Built in 1987, the property may require upcoming capital expenditures for major systems or cosmetic updates to areas not recently remodeled to meet modern standards.
Welcome to this beautifully maintained single-story 4-bedroom, 2-bath home in a desirable, quiet neighborhood. Featuring tile flooring throughout, a stylish kitchen with granite countertops, and an approximately 200 sq. ft. bonus room currently used as a spacious family room, this home offers comfort and versatility. Additional highlights include a finished garage, RV access, solar panels, central A/C, and two evaporative coolers. Enjoy the large covered patio and low-maintenance backyard with a concrete patio, grassy area, and mature fruit trees. A detached storage building, constructed like a finished room, offers excellent potential for an ADU, home office, workshop, or guest space (buyer to verify). The long concrete RV access provides ample space to accommodate multiple vehicles, boats, or trailers. A wonderful opportunity offering comfort, functionality, and exceptional value in a location you'll be proud to call home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,600 | 1,950 |
| Lot Size | 7,663 | 7,525 |
| Price | $489.9K | $526.3K |
| Price per sq ft | $306 | $278 |
| Built year | 1987 | 1989 |
| HOA | $0 | $119 |
| Days on market | 6 | 69 |
Jul 16, 2026
$489,900
Initial Listing
Aug 28, 2018
$262,500
Public Record