40576 161st E, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath

40576 161st E, Lancaster, California 93535 home-pic-0

40576 161st E

Lancaster, California 93535

ACTIVE
CONDITION: FAIR
4Beds
2Baths
2,025Sq Ft
39,399Lot Size

Property Price

LIST PRICE$415,000
EST. MARKET VALUE
$459,939
9% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$459,939 +$44,939 Equity Potential
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
40576 161st E
Subject
$415,000*
List Price
422,025$227-
A
16117 Sweetaire Avenue
Sold
$364,000321,384$2630.1 mi
B
16622 Mossdale
Active
$395,000
List Price
321,884$2100.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1989, this property is well-maintained but largely reflects its original construction era. While the kitchen has been updated with stainless steel appliances, the cabinetry, tile countertops, and bathroom fixtures appear dated. The home is functional and move-in ready, but the overall aesthetic, including the flooring and wet bar, shows signs of age and would benefit from modernization to meet current market trends.

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 = 39399, living area = 2025.

  • Expansive Lot & Utility

    Situated on nearly an acre of land, the property offers exceptional outdoor utility with two dedicated workshops, a covered patio, and ample space for RV parking, catering perfectly to hobbyists or those requiring extra storage.

  • Spacious & Functional Layout

    The 2,025-square-foot interior features a well-proportioned four-bedroom floor plan with separate living and family rooms, providing a versatile environment for both daily family life and formal entertaining.

CONSRISKS & DEFICIENCIES

  • Remote Location

    Located on 161st Street East, the property is in a more secluded area of Lancaster, which may result in longer commute times to major shopping centers, schools, and employment hubs.

  • Potential for Modernization

    While well-maintained, the 1989 construction and 'endless possibilities' mentioned suggest that buyers may want to invest in cosmetic updates or system modernizations to meet contemporary aesthetic standards.

About 40576 161st E

This beautiful home sits on just under an acre of land, offering space, comfort, and endless possibilities. Featuring 4 bedrooms and 2 bathrooms, the layout includes a spacious living room, family room, and a dedicated dining area—perfect for both everyday living and entertaining. The well-maintained kitchen is equipped with stainless steel appliances and a convenient breakfast bar for casual seating. The inviting living room showcases a cozy gas/wood-burning fireplace, ideal for relaxing on cold evenings, while a wet bar adds an extra touch for hosting family and guests. Both bathrooms feature double vanity sinks and shower/tub combinations for added convenience. Each bedroom offers generous closet space, with the primary bedroom boasting dual closets to accommodate all your storage needs. Step outside to a backyard full of opportunity—complete with a covered patio, two storage sheds/workshops, and ample space for RV parking, expansion, or creating your dream outdoor oasis. ~Must See!!~

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1989
Lot Size
39,399 Sq. Ft.

Interior

Total Bedrooms
4
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)
Beds4.04.0
50%
Baths2.02.0
50%
Square foot2,0251,639.5
75%
Lot Size39,3997,081.5
93%
Price$415.0K$440.0K
34%
Price per sq ft$205$265
16%
Built year19891988
54%
HOA$0$0
50%
Days on market8178
1%

Pricing History

Listed for Sale

Feb 26, 2026

$415,000

Initial Listing

Sold

Aug 10, 1989

$119,000

Public Record

Sold

Apr 4, 1989

$23,500

Public Record

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