38651 28th Street E, Palmdale, California 93550, Palmdale, 93550 - 4 bed, 2 bath
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Palmdale, California 93550
This Functional Single-Story Residence is a Strong Value Opportunity, listed at $390,000—positioned well below the $413,512 Fair Market Value by 5%. This valuation gap provides $23,512 in Instant Equity for the incoming owner. The home maintains a Condition Rating of 4, offering a move-in-ready 4-bedroom layout enhanced by energy-efficient solar panels and a private patio. Located within the Palmdale School District, this property balances immediate affordability with long-term utility. It is an ideal acquisition for first-time buyers or Buy-and-Hold Investors seeking a stable, value-driven asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38651 28th Street E Subject | $390,000* List Price | 4 | 2 | 1,564 | $249 | - |
A 37916 E 26th Sold | $430,000 | 3 | 2 | 1,600 | $269 | 1.0 mi |
B 2627 E Avenue Q15 Active Under Contract | $499,000 List Price | 3 | 2 | 1,680 | $297 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, the property is functional and move-in ready but shows its age. While the kitchen has been partially updated with stone countertops and stainless steel appliances, it retains dated features like the fluorescent light box and painted original cabinetry. The consistent tile flooring throughout and basic fixtures indicate a home that has been maintained but not extensively renovated to modern standards.
The property includes solar panels, providing a significant advantage for homeowners by reducing monthly utility costs and increasing long-term energy sustainability.
The 4-bedroom, 2-bathroom single-level floor plan offers 1,564 sq ft of accessible living space, making it ideal for families, retirees, or those seeking a home without stairs.
Following a substantial price reduction from $450,000 to $390,000, the property is positioned as a high-value opportunity compared to its previous sales history.
The current list price is significantly lower than the 2024 sale price of $485,000, which may suggest a volatile local market or a need for a quick sale.
Built in 1987, the property may soon require capital improvements or updates to major systems and cosmetic finishes to remain competitive with newer builds.
The 'Active Under Contract' status indicates that the seller has already accepted an offer, leaving new prospective buyers in a secondary or backup position.
Welcome to 38651 28th Street East, Palmdale, CA 93550, a charming and well-maintained single-story home offering comfort, functionality, and great outdoor space. This 4-bedroom, 2-bath residence spans 1,564 sq ft and is thoughtfully designed for everyday living. The home features a spacious layout with ample natural light, making it ideal for families, first-time buyers, or those looking to downsize without sacrificing space. Enjoy the convenience of an attached 2-car garage and the added benefit of solar panels, helping reduce energy costs. Outside a private front and backyard, perfect for entertaining, gardening, or creating your own outdoor retreat. Located in a well-established Palmdale neighborhood with easy access to schools, shopping, dining, and major commuter routes, this property offers both comfort and convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 58% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,564 | 1,455 | 59% |
| Lot Size | 6,606 | 7,123 | 22% |
| Price | $390.0K | $450.0K | 19% |
| Price per sq ft | $249 | $308 | 19% |
| Built year | 1987 | 1984 | 59% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 188 | 21% |
Jan 16, 2026
$390,000
$450,000
-13% Price Drop
Initial Listing
Jan 8, 2026
$450,000
Initial Listing
May 3, 2024
$485,000
Public Record
May 13, 2020
$299,000
Public Record
Apr 23, 2010
$130,000
Public Record