40912 168th E, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath
ACTIVE$380,000
40912 168th E, Lancaster, California 93535
4Beds
2Baths
1,300Sqft
29,387Lot
Price Vs. Estimate
The estimated value ($360,438.505) is $19,561.495 (5%) lower than the list price ($380,000). 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 = 29387, living area = 1300.
Top Cons:
Property Age: Built in 1980, the home is over 40 years old, indicating potential for outdated systems, finishes, and the need for significant modernization to meet current standards.
Compared to the nearby listings
Price:$380.0K vs avg $438.0K ($-58,000)18%
Size:1,300 sqft vs avg 1,553 sqft23%
Price/sqft:$292 vs avg $26965%
More Insights
Built in 1989 (36 years old).
Condition: Built in 1989, this property is 35 years old and shows its age. The kitchen features dated white cabinets, laminate countertops, and a very old-fashioned wallpaper backsplash, with a mix of appliance ages. Bathrooms also present with dated vanities, cultured marble-style countertops, and old light fixtures. While some areas have updated laminate flooring, popcorn ceilings are prevalent. The home is functional and appears maintained, but requires significant cosmetic updates throughout, especially in the kitchen and bathrooms, to meet modern standards.
Year Built
1989
Close
-
List price
$380K
Original List price
$380K
Price/Sqft
$292
HOA
-
Days on market
-
Sold On
-
MLS number
SR25246312
Home ConditionFair
Features
Patio
View-
About this home
Charming 4-Bedroom Ranch Home in Desirable Lake Los Angeles Welcome to your next opportunity! This inviting four-bedroom, two-bath home, built in 1980, sits on nearly three-quarters of an acre of flat, rectangular land in the Lake Los Angeles area. With plenty of open space and endless potential, it’s ideal for ranch activities, keeping animals, starting a farm, or just letting your imagination run wild. Located in a desirable part of Lake Los Angeles, this property is perfect for those who crave a bit of country living while still being within reach of city conveniences. Come see how much potential this gem has to offer!
Condition Rating
Fair
Built in 1989, this property is 35 years old and shows its age. The kitchen features dated white cabinets, laminate countertops, and a very old-fashioned wallpaper backsplash, with a mix of appliance ages. Bathrooms also present with dated vanities, cultured marble-style countertops, and old light fixtures. While some areas have updated laminate flooring, popcorn ceilings are prevalent. The home is functional and appears maintained, but requires significant cosmetic updates throughout, especially in the kitchen and bathrooms, to meet modern standards.
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 = 29387, living area = 1300.
Generous Acreage: The property boasts nearly three-quarters of an acre (29,387 sqft) of flat, rectangular land, offering substantial outdoor space, privacy, and room for expansion.
Versatile Land Use Potential: Explicitly ideal for ranch activities, keeping animals, or starting a farm, this property caters to buyers seeking a specific rural or agricultural lifestyle.
Desirable Rural Lifestyle: Offers a sought-after country living experience in a 'desirable part of Lake Los Angeles,' balancing tranquility with noted proximity to city conveniences.
Spacious Bedroom Count: With four bedrooms, the home provides ample accommodation for families, guests, or dedicated office/hobby spaces.
Investment Opportunity: Described as an 'opportunity' with 'endless potential,' suggesting significant room for value appreciation through personalized improvements and upgrades.
Cons
Property Age: Built in 1980, the home is over 40 years old, indicating potential for outdated systems, finishes, and the need for significant modernization to meet current standards.
Unspecified Modern Updates: The description emphasizes 'potential' rather than recent renovations, implying the interior may require substantial investment to achieve contemporary aesthetic and functional appeal.
Geographic Remoteness: While appealing for country living, the Lake Los Angeles location may be perceived as remote by some buyers, potentially impacting access to diverse urban amenities, employment centers, or specialized services.