40525 166th E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath

40525 166th E, Lancaster, California 93535 home-pic-0

40525 166th E

Lancaster, California 93535

ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,264Sq Ft
29,271Lot Size

Property Price

LIST PRICE$395,000
EST. MARKET VALUE
$369,134
6% AboveMARKET VALUE

SUMMARY

Analysis of 40525 166th E, Lancaster, California 93535 reveals a property with a current list price of $395,000, which is 6% above the estimated $369,134 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lancaster 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.

Estimated Market Value

$369,134
Based on Realkey algorithm analyzing recent comparable sales in Lancaster.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
40525 166th E
Subject
$395,000*
List Price
321,264$292-
A
41043 Fieldspring Street
Sold
$409,900421,300$3150.8 mi
B
16117 Sweetaire Avenue
Sold
$364,000321,384$2630.6 mi
C
40661 169th Street E
Sold
$415,000321,324$3130.4 mi
D
40648 Fieldspring
Active
$379,900
List Price
321,025$3710.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1969, this property shows a mix of updates and dated features. The kitchen has been upgraded with white cabinets, granite countertops, and a stainless steel sink, and one bathroom features modern shower tile. The electrical panel is also upgraded. However, the property is sold 'AS IS, WHERE IS,' and two newer A/C units are present but require connection, indicating incomplete work and potential additional costs. The carpet in the living areas appears worn, and other elements of the home are consistent with its age, preventing it from being classified as 'Good' despite the partial renovations.

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 = 29271, living area = 1264.

  • Expansive Lot & Development Potential

    The property sits on over half an acre (29,271 sqft), offering significant space for expansion, gardening, or accommodating animals, enhancing its long-term value and versatility.

  • ADU Conversion Ready

    The garage and bonus room present clear opportunities for conversion into an Accessory Dwelling Unit (ADU) or guesthouse, providing potential rental income or multi-generational living options.

CONSRISKS & DEFICIENCIES

  • "As-Is" Sale Condition

    The property is explicitly sold "AS IS, WHERE IS" with no warranties or guarantees, placing the burden of any necessary repairs or unforeseen issues entirely on the buyer.

  • Incomplete A/C Installation

    While two newer A/C units are present, they require connection to the main house and garage, indicating an additional cost and project for the buyer to ensure full climate control.

  • Extensive Buyer Due Diligence Required

    The seller's comprehensive disclaimer regarding property condition, permits, and square footage necessitates thorough independent verification by the buyer, potentially incurring additional inspection and research costs.

About 40525 166th E

Great opportunity for investors with tenant in place or first-time buyers. This Adorable 3-bedroom 2-bath plus bonus room Lake Los Angeles home sits on more than half an acre of land with so much upside potential. Spacious backyard has definitive opportunities, perfect for building another unit or adding your own unique touches such as a garden or great for horses and animals. The home opens into a large living room, leads to the kitchen with eat-in dining area have been upgraded to white cabinets with granite counter-tops, stainless steel double sink. The garage and the bonus room can be converted to an ADU /guesthouse for additional family members or potential rental property. Two newer A/C units that need to be connected to the main house and the existing garage. Upgraded electrical panel. Stop by today and make this home yours. Will not last! Property to be sold in its current “AS IS, WHERE IS” condition with no warranties, guarantees, repairs, or credits. All information provided is deemed reliable but not guaranteed. Seller, Seller’s Agent, and Seller’s Broker make no representations or warranties regarding square footage, condition, permits, or any other aspects of the property. Buyers and Buyer’s Broker are advised to independently verify all information through licensed professionals to satisfy themselves fully. Seller, Seller’s Agent, and Seller’s Broker shall be held harmless from any and all liabilities, whether stated or implied.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1969
Lot Size
29,271 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

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.04.0
41%
Baths2.02.0
50%
Square foot1,2641,633.5
17%
Lot Size29,2717,081.5
87%
Price$395.0K$440.0K
23%
Price per sq ft$312$266
79%
Built year19691988
20%
HOA$0$0
50%
Days on market50178
3%

Pricing History

Listed for Sale

Jan 15, 2026

$395,000

Initial Listing

Sold

Feb 7, 2023

$10,000

Public Record

Sold

Aug 21, 2020

$260,000

Public Record

Sold

Aug 8, 2019

$172,500

Public Record

Sold

Feb 9, 2005

$179,000

Public Record

Sold

Sep 17, 2004

$165,000

Public Record

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