40942 159th Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath

40942 159th Street E, Lancaster, California 93535 home-pic-0

40942 159th Street E

Lancaster, California 93535

ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,134Sq Ft
42,466Lot Size

Property Price

LIST PRICE$369,990
EST. MARKET VALUE
$321,695
15% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$321,695
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
40942 159th Street E
Subject
$369,990*
List Price
321,134$284-
A
15845 Mossdale
Sold
$380,000321,259$3020.3 mi
B
40964 156th E
Sold
$365,000321,134$3220.3 mi
C
15805 Newmont Avenue
Sold
$395,000421,300$3040.3 mi
D
15854 Mossdale Avenue
Sold
$417,000321,524$2740.2 mi
E
16117 Sweetaire Avenue
Sold
$364,000321,384$2630.6 mi
F
41331 156th E
Active
$415,000
List Price
321,200$3460.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1985, the property is in move-in condition but shows clear signs of age and requires cosmetic updates. While the home features some improvements like laminate wood-look flooring and updated kitchen cabinetry, it retains dated elements such as popcorn ceilings, older light fixtures, and basic bathroom vanities. The exterior shows significant cracking in the concrete driveway and a lack of landscaping, consistent with a well-maintained but aged property that has not undergone a full modern renovation.

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 = 42466, living area = 1134.

  • Expansive Lot Size

    The property sits on a massive 42,466 sq ft lot, providing exceptional privacy and ample space for outdoor activities, gardening, or future development.

  • RV and Utility Access

    The oversized lot features dedicated space for RV access and storage for large equipment or recreational vehicles, a highly sought-after feature in the Antelope Valley.

CONSRISKS & DEFICIENCIES

  • Remote Location

    Situated far east on 159th Street E, the property is in a more rural area, which may result in longer commute times to major employment hubs and central city services.

  • Limited Interior Square Footage

    At 1,134 sq ft, the interior living space is relatively compact for a 3-bedroom home, which may feel restrictive for larger families or those requiring spacious common areas.

  • Dated Construction

    Built in 1985, the home may require cosmetic updates or modern system upgrades to align with contemporary buyer preferences and energy efficiency standards.

About 40942 159th Street E

Welcome to this 3-bedroom, 2-bath Lancaster home situated on an expansive 42,466 sq ft lot offering space, privacy, and endless possibilities. The functional floor plan features comfortable living areas filled with natural light, making it ideal for everyday living and entertaining. The bedrooms are well-sized, with a practical layout that suits a variety of lifestyles. The oversized lot provides exceptional outdoor potential—perfect for RV access, storage, future expansion, or creating your own private outdoor retreat. Whether you’re looking for room to grow, space for toys and equipment, or a property with land and flexibility, this home delivers. Conveniently located near schools, shopping, dining, and major commuter routes, this property offers a rare combination of lot size, usability, and value in the Antelope Valley.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1985
Lot Size
42,466 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 foot1,1341,633.5
8%
Lot Size42,4667,081.5
95%
Price$370.0K$440.0K
13%
Price per sq ft$326$266
86%
Built year19851988
37%
HOA$0$0
50%
Days on market30178
1%

Pricing History

Listed for Sale

Feb 4, 2026

$369,990

Initial Listing

Sold

Sep 30, 2015

$124,000

Public Record

Sold

Feb 27, 2014

$114,000

Public Record

Sold

Mar 15, 2012

$47,000

Public Record

Sold

Oct 31, 2003

$120,000

Public Record

Sold

Jun 21, 2000

$81,000

Public Record

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