38603 Friendly Avenue, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 1 bath
ACTIVE$389,000
38603 Friendly Avenue, Palmdale, California 93550
3Beds
1Bath
988Sqft
6,602Lot
Price Vs. Estimate
The estimated value ($351,823.32) is $37,176.68 (9%) lower than the list price ($389,000). This property may be overpriced.
Key pros and cons
Top Pros:
Financial Incentive: The property offers a significant $50,000 grant opportunity for closing costs or down payment, which is a substantial financial benefit for potential buyers.
Top Cons:
Age of Property: Built in 1953, the property is older, which may imply potential for aging infrastructure or systems not explicitly mentioned as updated, requiring future maintenance or upgrades.
Compared to the nearby listings
Price:$389.0K vs avg $465.0K ($-76,000)14%
Size:988 sqft vs avg 1,510.5 sqft9%
Price/sqft:$394 vs avg $30688%
More Insights
Built in 1953 (72 years old).
Condition: The property, built in 1953, features a 'remodeled kitchen' with newer stainless steel appliances (range, microwave), but the mosaic tile countertops and backsplash are significantly dated, suggesting a renovation from 15-30 years ago rather than a recent, modern update. The refrigerator is an older white model. While the home appears generally well-maintained with laminate flooring in living areas and a 'newer air conditioner,' the overall aesthetic and lack of modern updates in key areas like the kitchen (and no visible bathroom images for assessment) indicate it requires minor cosmetic updates to meet current buyer expectations. It is move-in ready but shows signs of being outdated.
Year Built
1953
Close
-
List price
$389K
Original List price
$399K
Price/Sqft
$394
HOA
-
Days on market
-
Sold On
-
MLS number
SR25011858
Home ConditionFair
Features
Patio
ViewNeighborhood
About this home
Ask about 50k dlls Grant Opportunity for Closing Costs or Down Payment and never having to pay Back....Come and see this beautiful Home Zoned C2 in a residential area in a nice private Cul de Sac. Home features its own Private Gate for privacy, ample space for parking your Vehicles and an attached 2 car Garage. Home has a detached additional room with its own private bathroom. Inside you will find an open space to the dinning room, remodeled kitchen and 3 good size bedrooms. Backyard has a very good size big enough for a possible ADU in the back. You must come and see this property before it sells for the price. Newer Air Conditioner amongst other features for you to see. Come before Home sells at this low price.
Condition Rating
Fair
The property, built in 1953, features a 'remodeled kitchen' with newer stainless steel appliances (range, microwave), but the mosaic tile countertops and backsplash are significantly dated, suggesting a renovation from 15-30 years ago rather than a recent, modern update. The refrigerator is an older white model. While the home appears generally well-maintained with laminate flooring in living areas and a 'newer air conditioner,' the overall aesthetic and lack of modern updates in key areas like the kitchen (and no visible bathroom images for assessment) indicate it requires minor cosmetic updates to meet current buyer expectations. It is move-in ready but shows signs of being outdated.
Pros & Cons
Pros
Financial Incentive: The property offers a significant $50,000 grant opportunity for closing costs or down payment, which is a substantial financial benefit for potential buyers.
Versatile Zoning: Zoned C2 in a residential area, this property presents unique opportunities for commercial or mixed-use development, adding potential value and flexibility beyond a standard residential home.
Income/Flex Space Potential: Includes a detached additional room with its own private bathroom, ideal for a guest suite, home office, or potential Accessory Dwelling Unit (ADU), offering versatility and possible rental income.
Privacy & Ample Parking: Features a private gate for enhanced privacy and security, along with ample space for parking multiple vehicles, complemented by an attached 2-car garage.
Key Updates & Outdoor Space: Boasts a remodeled kitchen, newer air conditioner, and a very good size backyard with further potential for an ADU, combining modern comforts with expansion possibilities.
Cons
Age of Property: Built in 1953, the property is older, which may imply potential for aging infrastructure or systems not explicitly mentioned as updated, requiring future maintenance or upgrades.
Limited Bathrooms: The main house features only one bathroom for three bedrooms, which could be inconvenient for families or multiple occupants.
Compact Main Living Space: With 988 square feet for three bedrooms, the main living area is relatively compact, which might be a drawback for buyers seeking more spacious interiors.