40508 E 154th Street, Lancaster, California 93535, Lancaster, 93535 - 5 bed, 3 bath
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Lancaster, California 93535
This Custom Single-Story Estate is a High-Potential Investment Opportunity, listed at $549,900—positioned well below the $652,079 Fair Market Value by 15%. This valuation gap provides $102,179 in Instant Equity. The property maintains a Condition Rating of 3, featuring $55,000 in recent upgrades, fully paid solar, and a 3-car garage with ADU potential. Set on a 1.5-acre lot with mountain views, it balances immediate utility with long-term appreciation. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40508 E 154th Street Subject | $549,900* List Price | 5 | 3 | 2,820 | $231 | - |
A 40576 161st E Sold | $415,000 | 4 | 2 | 2,025 | $205 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1988, the property has received $55k in recent upgrades including new tile and wood-plank flooring, a tankless water heater, and fully paid solar. The kitchen features newer appliances and the systems (HVAC and evaporative cooling) are well-maintained, making the home functional and move-in ready despite some dated aesthetic features like popcorn ceilings.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56932, living area = 2820.
The property features fully paid solar panels and $55,000 in recent improvements, including new flooring and a tankless water heater, providing significant utility savings and immediate move-in readiness.
Situated on a massive 1.5-acre lot with dual gated access, RV parking, and multiple storage sheds, this estate offers exceptional space and privacy for hobbyists or those with recreational vehicles.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Located on the far eastern outskirts of Lancaster, the property may present a long commute and limited proximity to major retail hubs or urban amenities.
The specialized outdoor features, such as the chicken coop and multiple storage sheds, may require additional maintenance and appeal to a specific lifestyle buyer rather than the broader suburban market.
: ** GORGEOUS Single Story CUSTOM Home with FULLY PAID SOLAR on 1.5 acre LOT** This Charming Estate home boasts 5 bedrooms + 3 bathrooms & TWO fireplaces all configured in an extremely functional floor plan boasting 2,820 square feet of living space! Seller quotes $55K in recent upgrades! Tile Roof: Spacious 3 car garage PLUS paved RV access! Huge circular driveway in the front offers a very impressive entrance to this property: Front of this home has impressive perimeter fencing that adds to the wonderful privacy factor here: New floorings throughout include custom tile and wood plank looking tile - all in neutral, earth-tone color scheme: Among the list of energy efficiency features this home offers central AC as well as fully ducted evaporative cooling: Tankless water heater services all water sources inside: Huge Formal Living Room has French Doors leading to private office/4th bedroom & offers built in floor to ceiling bookcases: Spacious kitchen w/new or newer appliances complete w/sprawling breakfast bar perfect for Sunday brunches and coffee bar opportunity! Cozy Breakfast Room right off kitchen PLUS semi formal Dining Room: Primary Suite is extremely spacious and comes complete w/romantic fireplace, walk in closets, oversized garden soaking tub plus separate stand alone fully tiled shower with glass enclosure: Primary Suite also offers private access to massive rear patio w/brick ribbon: accents: Huge garage has been cross sectioned making the 1 car parking space a potential ADU/man cave/mother-in-law quarters and offers direct access to the main house & private door for outside access: 4 EXTRA TALL storage sheds measuring approx 10'x12' each: Chicken coup for the family who loves fresh eggs! Property has 2nd private gated access to rear yard off 155th St offers great potential for hobbyist, recreational vehicle parking or the family who works from home: Ceiling fans w/light kits in almost every room! Washer/Dryer negotiable: Must See!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 2,820 | 1,625 | 94% |
| Lot Size | 56,932 | 7,075.5 | 95% |
| Price | $549.9K | $440.0K | 93% |
| Price per sq ft | $195 | $264 | 12% |
| Built year | 1988 | 1987 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 173 | 0% |
May 2, 2026
$549,900
Initial Listing
Aug 19, 2010
$96,000
Public Record
Apr 10, 2003
$203,500
Public Record
Aug 31, 2000
$160,000
Public Record
Jul 16, 1998
$100,000
Public Record