40001 Palmetto Drive, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
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40001 Palmetto Drive
Palmdale, California 93551
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,673Sq Ft
8,032Lot Size
Property Price
LIST PRICE$510,000
EST. MARKET VALUE
$509,098
SUMMARY
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $510,000—positioned well below the $509,098 Fair Market Value by 0%. While the property is priced at market, its Condition Rating of 4 highlights significant potential for cosmetic modernization to drive future appreciation. Featuring a 3-car garage and a large corner lot, the home offers rare utility. Despite the lower-rated local high school, the property provides a solid foundation for Buy-and-Hold Investors or first-time buyers seeking a value-add project in a convenient location.
Estimated Market Value
$509,098
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 |
|---|---|---|---|---|---|---|
★ 40001 Palmetto Drive Subject | $510,000* List Price | 3 | 2 | 1,673 | $304 | - |
A 40432 Aster Sold | $550,000 | 4 | 2 | 1,854 | $297 | 0.6 mi |
B 40034 Denham Sold | $575,000 | 4 | 3 | 1,871 | $307 | 0.1 mi |
C 3840 Cobble Court Sold | $515,000 | 4 | 2 | 1,410 | $365 | 0.8 mi |
D 39431 Bluffside Sold | $505,000 | 3 | 2 | 1,374 | $368 | 1.0 mi |
E 39434 Basalt Court Sold | $618,000 | 4 | 2 | 1,682 | $367 | 0.9 mi |
F 3823 Vitrina Lane Sold | $530,000 | 3 | 2 | 1,950 | $272 | 0.8 mi |
G 2515 Gemstone Sold | $575,000 | 4 | 3 | 1,900 | $303 | 0.9 mi |
H 3020 Willowbrook Sold | $589,000 | 3 | 3 | 1,967 | $299 | 0.6 mi |
I 39925 Milan Drive Pending | $499,000 List Price | 3 | 2 | 1,600 | $312 | 0.1 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 1990 (34 years old), the home is well-maintained but dated. The kitchen and bathrooms feature original oak cabinetry, tile countertops, and older appliances that exceed the 20-year threshold for modern standards. While the flooring appears to have been updated, the property requires cosmetic modernization and likely system updates due to its age.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8032, living area = 1673.
- Spacious Corner Lot
The property is situated on a desirable corner lot featuring front, side, and back yards, providing exceptional outdoor space and enhanced privacy compared to standard lots.
- Ample Parking and Storage
A rare 3-car garage offers significant utility for multi-vehicle households and provides substantial additional storage space, a high-value feature for the area.
CONSRISKS & DEFICIENCIES
- High School Rating
The assigned Highland High School has a rating of 3, which may be a concern for families prioritizing high-performing educational districts.
- Lack of Scenic Views
The property lacks any specific views, which could be a disadvantage in a market where buyers often look for desert or mountain vistas.
About 40001 Palmetto Drive
This spacious, well-maintained 3-bedroom, 2-bathroom home features an inviting open floor plan and plenty of room for comfortable living. The home offers a welcoming family room with a decorative fireplace, as well as a separate breakfast/sitting area conveniently located off the kitchen. The primary suite includes an attached bathroom with a relaxing soaking tub, separate shower stall, and walk-in closet. A spacious 3-car garage provides ample room for parking and additional storage. Situated on a desirable corner lot, the property features front, side, and back yards, offering plenty of outdoor space. Conveniently located near shopping, dining, entertainment, transportation, and schools, this home combines comfort, space, and convenience.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1990
- Lot Size
- 8,032 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
Palmdale Unified Schools
Esperanza Elementary School
Grades K-6 • 0.8 mi
5/10
Hillview Middle School
Grades 6-8 • 1.5 mi
7/10
Highland High School
Grades 9-12 • 1.8 mi
3/10
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 | 1,673 | 1,908.528 |
| Lot Size | 8,032 | 7,579.892 |
| Price | $510.0K | $528.1K |
| Price per sq ft | $305 | $281 |
| Built year | 1990 | 1990 |
| HOA | $0 | $99 |
| Days on market | 8 | 70 |
Pricing History
Listed for Sale
Sep 1, 2026
$510,000
Initial Listing
Sold
Mar 3, 2015
$240,000
Public Record