40209 Casillo, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 3 bath
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40209 Casillo
Palmdale, California 93550
ACTIVE
CONDITION: FAIR
3Beds
3Baths
1,475Sq Ft
321,452Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$344,386
8% AboveMARKET VALUE
SUMMARY
This 3-bedroom, 3-bathroom condominium represents a Strong Value Opportunity, listed at a List Price of $375,000—positioned well above the $344,387 Fair Market Value by -8%. While the property requires updates due to its Condition Rating of 4, the functional floor plan and prime location near major commuter routes offer significant long-term potential. This short sale requires a strategic approach to navigate lender approval. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project in the Antelope Valley Union district.
Estimated Market Value
$344,386
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 |
|---|---|---|---|---|---|---|
★ 40209 Casillo Subject | $375,000* List Price | 3 | 3 | 1,475 | $233 | - |
A 40148 La Cota Drive Sold | $405,000 | 3 | 3 | 1,475 | $275 | 0.0 mi |
B 40201 La Cota Drive Active | $430,000 List Price | 3 | 3 | 1,475 | $292 | 0.0 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 1991 (35 years old), the property has exceeded the 20-year threshold for original systems and finishes. The 'AS-IS' short sale status and mention of 'potential' suggest the kitchen, baths, and HVAC/Electric systems are likely original and dated, requiring updates and minor repairs despite being described as functional.
PROSSTRENGTHS & OPPORTUNITIES
- Competitive Entry-Level Pricing
Listed at $375,000 for a 3-bedroom, 3-bathroom configuration, this property represents a high-value opportunity for first-time homebuyers and investors in the Palmdale market.
- Spacious and Functional Layout
With 1,475 square feet of living space, the home offers a generous floor plan that provides more utility and comfort than typical condominium units in this price range.
- Prime Commuter Location
The property is conveniently situated near major commuter routes, schools, and shopping centers, making it an ideal location for families and working professionals.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =321452, other record lot size in square feet = 321346.
- Short Sale Complexity
As a short sale subject to lender approval, buyers should expect a potentially lengthy closing process and increased transaction uncertainty.
- As-Is Condition
The property is being sold in as-is condition, which may necessitate immediate out-of-pocket expenses for repairs or upgrades and could impact certain financing options.
About 40209 Casillo
Welcome to this 3-bedroom, 3-bathroom home in Palmdale. The property offers a functional floor plan with spacious living areas and plenty of potential. An excellent opportunity for first-time homebuyers or investors looking for a property with potential. Conveniently located near shopping, dining, schools, parks, and major commuter routes. Property is being sold AS-IS and is a Short Sale subject to lender approval. Don’t miss this opportunity to make this Palmdale property your next home or investment!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1991
- Lot Size
- 321,452 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $250.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.3 |
| Square foot | 1,475 | 1,439.667 |
| Lot Size | 321,452 | 198,272.333 |
| Price | $375.0K | $309.4K |
| Price per sq ft | $254 | $246 |
| Built year | 1991 | 1985 |
| HOA | $250.0 | $389 |
| Days on market | 27 | 73 |
Pricing History
Listed for Sale
Aug 13, 2026
$375,000
Initial Listing
Sold
Apr 24, 2020
$298,000
Public Record
Sold
Nov 13, 2009
$128,000
Public Record
Sold
Jul 20, 2001
$130,000
Public Record
Sold
Jun 26, 1998
$57,000
Public Record
Sold
Dec 7, 1995
$66,000
Public Record