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38514 Larkin, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 1 bath

38514 Larkin, Palmdale, California 93550 home-pic-0
ACTIVE$410,000
38514 Larkin, Palmdale, California 93550
3Beds
1Bath
997Sqft
7,914Lot

Price Vs. Estimate

The estimated value ($402,493.26) is $7,506.74 (1%) lower than the list price ($410,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development Potential: The generous 7,914 sq. ft. R3-zoned lot offers excellent potential for future development or the addition of multiple units, appealing to investors and those seeking expansion.
Top Cons:
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be inconvenient for families or multiple occupants and could impact market appeal.

Compared to the nearby listings

Price:$410.0K vs avg $465.0K ($-55,000)22%
Size:997 sqft vs avg 1,507.5 sqft9%
Price/sqft:$411 vs avg $30691%

More Insights

Built in 1955 (70 years old).
Condition: Built in 1955, this property has undergone significant recent cosmetic renovations, making it move-in ready. The kitchen features updated white shaker cabinets, a stainless steel range, and subway tile backsplash. The bathroom also boasts a modern vanity and subway tile shower surround. New laminate wood flooring and ceiling fans are present throughout the living areas. These updates align with a property extensively renovated within the last 5-15 years, ensuring key areas are functional and aesthetically current, despite the older original structure.
Year Built
1955
Close
-
List price
$410K
Original List price
$410K
Price/Sqft
$411
HOA
-
Days on market
-
Sold On
-
MLS number
SR25245580
Home ConditionGood
Features
Patio
ViewNeighborhood

About this home

Welcome to this charming 3-bedroom, 1-bath home nestled on a generous 7,914 sq. ft. R3-zoned lot, offering excellent potential for future development or additional units. This inviting residence features a light and airy open floor plan with vaulted ceilings and exposed beams that create a spacious and welcoming atmosphere. The living room flows seamlessly into the dining area and kitchen, perfect for everyday living and entertaining. Enjoy modern updates throughout, including newer ceiling fans, laminated wood flooring, and updated kitchen cabinets. The large backyard provides plenty of room for outdoor enjoyment, gardening, or expansion. Conveniently located near schools, parks, shopping, and commuter routes. A great opportunity for homeowners or investors alike!

Condition Rating
Good
Built in 1955, this property has undergone significant recent cosmetic renovations, making it move-in ready. The kitchen features updated white shaker cabinets, a stainless steel range, and subway tile backsplash. The bathroom also boasts a modern vanity and subway tile shower surround. New laminate wood flooring and ceiling fans are present throughout the living areas. These updates align with a property extensively renovated within the last 5-15 years, ensuring key areas are functional and aesthetically current, despite the older original structure.
Pros & Cons

Pros

Development Potential: The generous 7,914 sq. ft. R3-zoned lot offers excellent potential for future development or the addition of multiple units, appealing to investors and those seeking expansion.
Modernized Interior: Features modern updates including newer ceiling fans, laminated wood flooring, and updated kitchen cabinets, providing a move-in ready and appealing living space.
Open Concept Living: A light and airy open floor plan with vaulted ceilings and exposed beams creates a spacious and welcoming atmosphere, seamlessly connecting the living, dining, and kitchen areas.
Expansive Backyard: The large backyard offers ample space for outdoor enjoyment, gardening, or future expansion, enhancing the property's versatility and appeal.
Convenient Location: Strategically located near schools, parks, shopping centers, and major commuter routes, providing ease of access to essential amenities and transportation.

Cons

Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be inconvenient for families or multiple occupants and could impact market appeal.
Compact Living Space: With 997 sq. ft. for a 3-bedroom home, the interior living space is relatively compact, potentially limiting comfort or functionality for some buyers.
Above Estimated Value: The current listing price of $410,000 is 5% above the estimated property value of $386,363.75, which could be a point of negotiation or concern for potential buyers.

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