40531 176th E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
ACTIVE$540,000$1,346/sqft
Est. Value: $396,404
-26%
AboveEstimate
40531 176th E, Lancaster, California 93535
3Beds
2Baths
1,346Sqft
29,450Lot
Price Vs. Estimate
The estimated value ($396,403.79) is $143,596.21 (26%) lower than the list price ($540,000). This property may be overpriced.
Key pros and cons
Top Pros:
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 = 29450, living area = 1346.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-04-24. The sold price is $370,000.00.
Compared to the nearby listings
Price:$540.0K vs avg $440.0K (+$100,000)93%
Size:1,346 sqft vs avg 1,592 sqft26%
Price/sqft:$401 vs avg $26899%
More Insights
Built in 1985 (41 years old).
Condition: Built in 1985, this home is nearly 40 years old. While described as 'well-maintained,' the images reveal a kitchen with dated wood cabinets, laminate countertops, white appliances (including a coil-top electric range), and an old fluorescent light fixture. The bathroom also features an older vanity, light fixture, and overall style. The tile flooring is functional but the overall aesthetic in key areas is outdated, requiring cosmetic renovations to meet contemporary standards. Major systems may also need updating due to age, as noted in the property analysis. This aligns with the 'Fair' criteria of being aged but maintained, with functional components showing signs of being outdated and requiring minor updates.
Year Built
1985
Close
-
List price
$540K
Original List price
$540K
Price/Sqft
$401
HOA
-
Days on market
-
Sold On
-
MLS number
SR25279094
Home ConditionFair
Features
View-
About this home
Well-maintained 3BR/2BA single-story home on a spacious 29,000+ sq ft lot in Lake Los Angeles. This 1985 ranch offers a functional floor plan with a spacious kitchen, tile flooring, and ample natural light throughout. Features include an attached 2-car garage, large front and backyard areas, and plenty of room for horses, vehicles, or additional structures. Located near local amenities including the market, library, and elementary school. Ideal for buyers seeking rural living with convenient access to community services.
J
Julie Melgar
Listing Agent
Price History
Date
Event
Price
04/24/25
Sold
$370,000
08/06/18
Sold
$240,000
04/04/16
Sold
$113,000
Condition Rating
Fair
Built in 1985, this home is nearly 40 years old. While described as 'well-maintained,' the images reveal a kitchen with dated wood cabinets, laminate countertops, white appliances (including a coil-top electric range), and an old fluorescent light fixture. The bathroom also features an older vanity, light fixture, and overall style. The tile flooring is functional but the overall aesthetic in key areas is outdated, requiring cosmetic renovations to meet contemporary standards. Major systems may also need updating due to age, as noted in the property analysis. This aligns with the 'Fair' criteria of being aged but maintained, with functional components showing signs of being outdated and requiring minor updates.
Pros & Cons
Pros
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 = 29450, living area = 1346.
Expansive Lot Size: The property boasts a spacious 29,450 sq ft lot, offering significant outdoor space and ample room for horses, vehicles, or additional structures, catering to diverse lifestyle needs.
Well-Maintained Condition: Explicitly described as 'well-maintained,' indicating the property is in good condition, potentially reducing immediate repair or renovation costs for a new owner.
Functional Single-Story Layout: A 3-bedroom, 2-bathroom single-story ranch home with a functional floor plan, spacious kitchen, tile flooring, and abundant natural light, appealing for accessibility and comfortable living.
Rural Living with Local Access: Offers the desirable tranquility of rural living in Lake Los Angeles while maintaining convenient access to essential community services such as a market, library, and elementary school.
Strong Investment Potential: Historical sales data demonstrates consistent and significant property value appreciation, suggesting a potentially sound investment in the area.
Cons
Recently Sold Property: The property was recently sold within the past year on 2025-04-24. The sold price is $370,000.00.
Property Age & Potential for Updates: Built in 1985, the home is nearly 40 years old. While well-maintained, it may require updates to major systems (e.g., HVAC, plumbing, electrical) or cosmetic renovations to meet contemporary standards.
Rural Location Appeal: The rural setting, while a strength for some, may not appeal to all buyers who prefer closer proximity to major urban centers, a wider array of amenities, or shorter commute times.
Lack of Specific Modern Upgrades: The description does not highlight significant modern upgrades beyond basic tile flooring and a spacious kitchen, suggesting some aspects of the home might be dated or require further investment to modernize.