40991 179th E, Lancaster, California 93535, Lancaster, 93535 - 4 bed, 2 bath
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Lancaster, California 93535
This property presents a High-Potential Investment Opportunity with a List Price of $359,000—positioned well below the $262,932 Fair Market Value by -36%. While the property requires significant rehabilitation given its Fair Condition Rating, the expansive 30,201 sqft lot provides rare utility for large animals or future expansion. This asset offers a clear value-add trajectory for those capable of managing a comprehensive renovation. This is a strategic acquisition ideal for Fix-and-Flip Investors or Contractors seeking a project with significant land-to-structure upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40991 179th E Subject | $359,000* List Price | 4 | 2 | 1,384 | $190 | - |
A 41052 177th E Sold | $280,000 | 3 | 2 | 1,176 | $238 | 0.2 mi |
B 40976 177th E Sold | $349,880 | 3 | 2 | 1,139 | $307 | 0.2 mi |
C 17350 Sweetaire Pending | $350,000 List Price | 4 | 2 | 1,384 | $253 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1979 (45+ years old) with no evidence of recent renovations. The kitchen and bathrooms are significantly dated with visible wear, and the listing agent explicitly notes the need for 'TLC,' suggesting the property requires rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 30201, living area = 1384.
Priced under $360,000, this four-bedroom residence offers a highly competitive entry point for the Lancaster market, providing significant value for its size and utility.
The generous 30,201 square foot lot (approx. 3/4 acre) is a rare find, offering ample space to accommodate large animals, outdoor equipment, or future property expansions.
The property is noted as needing 'TLC,' suggesting that buyers will need to budget for immediate repairs and cosmetic updates to bring the home to move-in condition.
Built in 1979, the home may require modernization of major systems and finishes to meet contemporary energy efficiency and aesthetic standards.
Excellent opportunity to own this fine home for under 360K - 3/4 acre lot to accommodate large animals, spacious living room with excellent floorplan distribution, four bedrooms and attached garage with direct entry access, with a bit of TLC this will be the perfect home - this fine home is seeking a new homeowner to call it Home Sweet Home" call today for a private tour!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,384 | 1,634.5 | 28% |
| Lot Size | 30,201 | 7,071 | 90% |
| Price | $359.0K | $443.8K | 11% |
| Price per sq ft | $259 | $263 | 46% |
| Built year | 1979 | 1987 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 166 | 0% |
May 29, 2026
$359,000
Initial Listing
Aug 19, 2010
$82,500
Public Record
Jul 3, 2006
$276,500
Public Record