40044 Ridgemist St, Palmdale, California 93591, Palmdale, 93591 - 4 bed, 2 bath
Loading property details...
Palmdale, California 93591
This property presents a Strong Value Opportunity with a List Price of $379,999—positioned well below the $352,096 Fair Market Value by -7%. While the home carries a Poor Condition Rating due to its 1978 construction and deferred maintenance, the expansive 21,998 sqft lot provides significant upside for value-add renovations or ADU development. This asset is a strategic acquisition for Buy-and-Hold Investors or Contractors capable of modernizing the interior and leveraging the large lot to maximize long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40044 Ridgemist St Subject | $379,999* List Price | 4 | 2 | 1,248 | $282 | - |
A 40166 178th Street E Sold | $380,000 | 4 | 2 | 1,248 | $304 | 0.4 mi |
B 40155 176th Street E Active Under Contract | $300,000 List Price | 4 | 2 | 1,248 | $240 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1978 (46 years old), this property falls into the 'Poor' category as it exceeds the 30-year threshold without evidence of major renovations. The exterior shows signs of deferred maintenance, including weathered stucco and unkempt grounds, suggesting that the interior systems, kitchen, and bathrooms likely require significant rehabilitation and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 21998, living area = 1248.
The property features a generous 21,998 sqft lot, offering significant space for outdoor recreation, potential ADU construction, or workshop additions.
At a list price of $379,999 for a 4-bedroom residence, this property represents an affordable entry point for first-time homebuyers or investors in the Palmdale area.
Built in 1978, the property may require capital improvements or cosmetic updates to meet modern energy efficiency and aesthetic standards.
The 1,248 sqft of living space is relatively small for a 4-bedroom configuration, which may result in smaller individual room sizes and limited common area space.
Exceptional opportunity in Palmdale. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,248 | 1,950 |
| Lot Size | 21,998 | 7,525 |
| Price | $380.0K | $526.3K |
| Price per sq ft | $304 | $278 |
| Built year | 1978 | 1989 |
| HOA | $0 | $119 |
| Days on market | 28 | 69 |
Jun 24, 2026
$379,999
Initial Listing
Dec 6, 1996
$50,000
Public Record