38242 7th W, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
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Palmdale, California 93551
This Versatile Two-Story Residence is listed at $490,000, positioned accurately relative to its $486,368 Fair Market Value to provide a stable entry into the West Palmdale market. Featuring a Condition Rating of 4, the home offers significant upside through cosmetic modernization of its 1980s finishes. The architectural appeal is highlighted by Cathedral Ceilings, a Large Loft, and a Corner Lot with a Private Patio providing scenic City and Valley Views. Located near top medical offices and schools, this property is a strategic choice for Owner-Occupants or first-time buyers looking to build sweat equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38242 7th W Subject | $490,000* List Price | 3 | 2 | 1,772 | $274 | - |
A 38339 38339 San Mateo Avenue Sold | $500,000 | 3 | 3 | 1,901 | $263 | 0.4 mi |
B 38225 6th Street W Sold | $510,000 | 3 | 2 | 1,772 | $288 | 0.1 mi |
C 317 Camino Real Avenue Sold | $392,500 | 3 | 3 | 1,901 | $206 | 0.4 mi |
D 529 W Avenue Q12 Sold | $515,000 | 3 | 2 | 1,772 | $291 | 0.2 mi |
E 38342 5th W Active | $499,000 List Price | 3 | 2 | 1,772 | $282 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981 (43 years old), the property is dated and maintains many older features including popcorn ceilings and a kitchen with 90s-era white tile countertops and older appliances. While functional and move-in ready, the home requires cosmetic updates and shows minor exterior wear such as significant driveway cracking.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7525, living area = 1772.
The unique layout features all bedrooms on the main level complemented by a large upstairs loft, providing excellent flexibility for a home office, media room, or additional living space.
Situated on a desirable corner lot, the property offers easy freeway access and is conveniently located near the Palmdale Regional Medical Center, schools, and major shopping hubs.
Built in 1981, the home may require capital improvements or cosmetic updates to its original systems and finishes to meet modern buyer expectations.
The 'all bedrooms downstairs' arrangement in a two-story home is a non-traditional layout that may limit appeal for families seeking conventional upstairs sleeping quarters.
Opportunity awaits! Elegant two-story home. All bedrooms downstairs, 3 bedrooms 2 full bathroom, large loft/flexible room, 1,772 sf of living space, year 1981, corner lot modern home. commuter-friendly with easy freeway. Conveniently located near schools, parks, shopping centers, Palmdale Regional Medical Center, and medical offices, this home is also access. Step inside to a spacious living room with cathedral ceilings and a cozy fireplace, creating a warm and inviting atmosphere.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 26% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 1,772 | 2,394 | 20% |
| Lot Size | 7,525 | 8,632 | 35% |
| Price | $490.0K | $622.5K | 11% |
| Price per sq ft | $277 | $264 | 60% |
| Built year | 1981 | 1995 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 201 | 0% |
Apr 14, 2026
$490,000
Initial Listing
Jul 16, 2001
$133,500
Public Record