
Lancaster, California 93535
This property presents a High-Potential Investment Opportunity with a List Price of $340,000—positioned well below the $346,692 Fair Market Value by 2%. This valuation gap offers $6,692 in Instant Equity for buyers. Featuring a Fair Condition Rating (5/10), the home requires a full interior rehab, but the 29,367 sqft lot provides significant upside for ADU development. This asset is ideal for Buy-and-Hold Investors or Contractors seeking a value-add project in the Antelope Valley Union district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 41111 172nd E Subject | $340,000* List Price | 3 | 2 | 1,346 | $258 | - |
A 41038 171st E Sold | $400,000 | 3 | 2 | 1,320 | $303 | 0.1 mi |
B 16245 Mossdale Avenue E Sold | $350,000 | 3 | 2 | 1,372 | $255 | 0.8 mi |
C 40976 177th E Sold | $349,880 | 3 | 2 | 1,139 | $307 | 0.6 mi |
D 16605 Valeport Avenue Pending | $315,000 List Price | 3 | 2 | 1,402 | $225 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1987 (39 years old), the property exceeds the 30-year threshold for original condition. The exterior shows significant deferred maintenance with overgrown weeds and dry landscaping, suggesting that the interior systems, kitchen, and baths likely require a full rehab 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 = 29367, living area = 1346.
The property features a substantial 29,367 sqft lot, offering significant space for outdoor development, ADU potential, or recreational use.
Listed at $340,000, the property is priced significantly below its previous sale price of $400,000 from earlier this year, representing a high-value opportunity for buyers.
The listing price is $60,000 lower than the March 2024 sale price, which may indicate a distressed sale situation or potential deferred maintenance issues.
Situated far east in Lancaster, the property's location may be considered isolated from major shopping centers and employment hubs, and it lacks any specific scenic views.
Exceptional opportunity in Lancaster. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.9 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,346 | 1,831.274 |
| Lot Size | 29,367 | 7,654.687 |
| Price | $340.0K | $478.1K |
| Price per sq ft | $253 | $269 |
| Built year | 1987 | 1989 |
| HOA | $0 | $203 |
| Days on market | 13 | 62 |
Aug 27, 2026
$340,000
Initial Listing
Mar 27, 2024
$400,000
Public Record
Dec 18, 2019
$240,000
Public Record
Sep 19, 1995
$51,000
Public Record