40427 Vereda Drive, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 3 bath
40427 Vereda Drive
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 40427 Vereda Drive, Palmdale, California 93550 is currently available with a list price of $488,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2001, this property is in turnkey condition and has been recently updated and remodeled by the original owner. It features modern interior finishes and well-maintained systems, making it move-in ready. While the home is 24 years old, the recent renovations and meticulous maintenance elevate it above the 'Fair' category, though it does not quite meet the 'Excellent' criteria of a brand-new or fully gut-renovated build.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
Meticulously maintained by the original owner and recently updated, this home offers a move-in-ready experience with modern finishes.
- Financial Incentive
The property qualifies for a $20,000 Homebuyer Grant, providing a significant financial advantage and lowering the barrier to entry for eligible buyers.
- Prime Westside Location
Situated in a highly desirable Westside Palmdale neighborhood, the home is just five minutes from the Antelope Valley Mall, dining, and top-rated schools.
CONSRISKS & DEFICIENCIES
- Market Stagnation
The property has undergone five consecutive price reductions since its initial listing, which may indicate previous overpricing or a lack of immediate buyer interest.
- Compact Lot Size
At 3,500 square feet, the lot is relatively small for a single-family residence in this region, potentially limiting privacy and extensive outdoor utility.
- HOA Obligations
The presence of a mandatory homeowners association, while affordable at $50, introduces additional monthly costs and potential restrictions on property modifications.
About 40427 Vereda Drive
This beautifully maintained 3-bedroom, 3-bathroom Westside home in Palmdale offers 1,687 sq ft of comfortable living space and has been cared for by the original owner since it was first built. Recently updated and remodeled, this turnkey home is ready for you to move right in while still offering room for your personal touch. Key features include: Central air and heating. Attached 2-car garage. Spacious backyard with potential for a pool or outdoor oasis. Community park nearby. Great schools. Five minutes from restaurants and the Antelope Valley Mall. Bonus: This property qualifies for a $20,000 Homebuyer Grant! A perfect blend of comfort, convenience, and opportunity—schedule your showing today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 3,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $50.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 1,687 | 1,526 | 61% |
| Lot Size | 3,500 | 7,163.5 | 1% |
| Price | $489.0K | $455.0K | 62% |
| Price per sq ft | $290 | $298 | 45% |
| Built year | 2001 | 1985 | 88% |
| HOA | $50.0 | $0 | 93% |
| Days on market | 158 | 190 | 36% |
Pricing History
Listed for Sale
Mar 1, 2026
$488,999
$489,999
+0% Price Increase
Initial Listing
Price Change
Feb 11, 2026
$489,999
$490,000
+0% Price Increase
Initial Listing
Price Change
Nov 25, 2025
$490,000
$495,999
-1% Price Drop
Initial Listing
Price Change
Nov 7, 2025
$495,999
$499,000
-1% Price Drop
Initial Listing
Price Change
Oct 21, 2025
$499,000
$503,000
-1% Price Drop
Initial Listing
Price Change
Sep 29, 2025
$503,000
Initial Listing