38264 Hillcrest Drive, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 3 bath
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Palmdale, California 93551
This Versatile Single-Family Residence is a High-Potential Investment Opportunity, listed at $539,000—positioned well above the $522,574 Fair Market Value by 3%. While the property is currently priced slightly above market, its Fair Condition Rating and flexible floor plan—featuring a main-level bedroom and bath plus a massive loft—provide significant utility. With a premium whole-house water purification system and scenic mountain views, this home offers a unique lifestyle for Owner-Occupants or multi-generational families seeking a move-in ready retreat with immediate cosmetic upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38264 Hillcrest Drive Subject | $539,000* List Price | 3 | 3 | 2,582 | $202 | - |
A 38339 38339 San Mateo Avenue Sold | $500,000 | 3 | 3 | 1,901 | $263 | 0.6 mi |
B 337 Morningside Terrace Sold | $495,000 | 4 | 3 | 2,604 | $190 | 0.6 mi |
C 38328 Bonino Drive Sold | $550,000 | 4 | 2 | 2,452 | $224 | 0.1 mi |
D 325 Rainbow Pending | $569,900 List Price | 5 | 3 | 2,604 | $219 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1994, the home is 30 years old and largely retains its original aesthetic. While the listing highlights new carpet and a whole-house water purification system, the kitchen and bathrooms feature dated tile countertops and older cabinetry. It is well-maintained and move-in ready, but requires cosmetic updates to the primary systems and surfaces to move beyond the 'Fair' rating.
The layout features a rare main-level bedroom and full bath plus a massive upstairs loft, offering exceptional flexibility for multi-generational living or a dedicated home office.
Situated on a quiet cul-de-sac with scenic views, the property provides immediate access to the 14 freeway and is conveniently close to the mall, hospital, and grocery stores.
The home features brand-new carpet and upgraded flooring throughout the second level, along with a premium whole-house water purification system for enhanced daily living.
The assigned middle and high schools have relatively low ratings (3/10), which may be a drawback for families prioritizing high-performing educational districts.
With a construction date of 1994, major components such as the roof or HVAC system may be approaching the end of their functional lifespan if they have not been recently replaced.
VIEWS! + Quick access to the 14 freeway. Welcome to this beautiful Palmdale retreat, perfectly situated on a quiet cul-de-sac and offering breathtaking scenic views. This incredibly versatile floor plan features 3 bedrooms plus a massive loft, thoughtfully designed to accommodate a variety of modern lifestyles. A highly sought-after full bedroom and bathroom are conveniently located on the main level. This rare layout makes the home a fantastic opportunity for multi-generational living, hosting overnight guests, or setting up a secluded home office. Head upstairs to discover a fresh, move-in-ready feel with brand-new carpet and upgraded flooring throughout the second level. The expansive loft provides the ultimate flex space—perfect for a secondary family room, a media center, or a play area. Located right next to the mall, grocery stores, gas stations, and a hospital. Enjoy enhanced day-to-day luxury and peace of mind with a premium whole-house water purification system, ensuring high-quality water from every faucet. Blending flexible living spaces, peaceful cul-de-sac privacy, and beautiful local vistas, this property is a true must-see.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades 6-8 • 1.9 mi
Grades K-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 27% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,582 | 2,341 | 61% |
| Lot Size | 7,579 | 8,650 | 33% |
| Price | $539.0K | $613.0K | 29% |
| Price per sq ft | $209 | $265 | 11% |
| Built year | 1994 | 1994 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 178 | 1% |
May 13, 2026
$539,000
Initial Listing
Dec 22, 1995
$160,000
Public Record