38442 3rd St E E, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
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38442 3rd St E E
Palmdale, California 93550
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,260Sq Ft
6,606Lot Size
Property Price
LIST PRICE$415,000
EST. MARKET VALUE
$432,431
4% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a High-Potential Investment Opportunity, listed at $415,000—positioned well below the $431,020 Fair Market Value by 3%. This valuation gap offers $16,020 in Instant Equity. Featuring a Fair Condition Rating, the property includes versatile bonus rooms, RV parking, and a private backyard with mature fruit trees. While the interior requires modernization, the flexible layout and expansive hardscape provide significant value-add potential. This asset is ideal for Buy-and-Hold Investors or first-time buyers seeking a customizable home.
Estimated Market Value
$432,431+$17,431 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Palmdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38442 3rd St E E Subject | $415,000* List Price | 3 | 2 | 1,260 | $343 | - |
A 38502 Sumac Avenue Sold | $420,000 | 3 | 2 | 1,125 | $373 | 0.1 mi |
B 38609 Glenraven Sold | $382,000 | 3 | 2 | 1,022 | $374 | 0.3 mi |
C 38514 Carolside Avenue Sold | $435,000 | 3 | 2 | 1,721 | $253 | 0.2 mi |
D 38714 2nd E Sold | $420,000 | 3 | 2 | 999 | $420 | 0.4 mi |
E 38511 Carolside Active | $475,000 List Price | 3 | 2 | 1,551 | $306 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1978, the home is over 45 years old and appears largely original. The kitchen features dated wood-grain laminate cabinetry and tile countertops typical of the era. While the property is clean and functional, the interior finishes, bathrooms, and likely the older systems require modernization to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Flexible Living Space
The inclusion of additional bonus rooms and an extra bathroom provides significant versatile space beyond the standard 3-bedroom layout, ideal for a home office or guest quarters.
- Ample Parking & Security
The property features a gated front yard, an oversized concrete driveway, and dedicated RV parking, offering excellent security and storage for multiple vehicles or recreational equipment.
- Low-Maintenance Outdoor Living
Expansive concrete hardscape combined with established fruit trees and landscaping creates a private, easy-to-maintain backyard perfect for entertaining without high water costs.
CONSRISKS & DEFICIENCIES
- Unverified Additions
The bonus rooms and additional bathroom are not reflected in the official bed/bath count, which may present challenges with financing, appraisals, or permit compliance.
- Likely Need for Modernization
Built in 1978 and held by the same owner for over 20 years, the home likely requires cosmetic updates and system refreshments to meet modern buyer expectations.
About 38442 3rd St E E
First time on the market in over 20 years! Spacious 3-bedroom, 2-bath home featuring a large dining area, gated front yard, oversized concrete driveway, RV parking, and expansive concrete hardscape for easy maintenance. Enjoy a private backyard with mature fruit trees, established landscaping/garden, and plenty of room for entertaining. The property also includes additional bonus rooms and an additional bathroom, offering flexible space for a variety of uses. Conveniently located close to shopping, parks, and freeway access.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 6,606 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,260 | 1,908.528 |
| Lot Size | 6,606 | 7,579.892 |
| Price | $415.0K | $528.1K |
| Price per sq ft | $329 | $281 |
| Built year | 1978 | 1990 |
| HOA | $0 | $99 |
| Days on market | 47 | 70 |
Pricing History
Listed for Sale
Jul 24, 2026
$415,000
Initial Listing
Sold
Apr 29, 2005
$260,000
Public Record