41111 172nd Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$324,999
41111 172nd Street E, Lancaster, California 93535
3Beds
2Baths
1,346Sqft
29,367Lot
Year Built
1987
Close
-
List price
$325K
Original List price
$325K
Price/Sqft
$241
HOA
-
Days on market
-
Sold On
-
MLS number
SR25155179
Home ConditionPoor
Features
View-
About this home
Possibly Over-Priced:The estimated price is 20% below the list price. We found 3 Cons,6 Pros. Rank: price - $325.0K(7th), sqft - 1346(28th), beds - 3(49th), baths - 2(50th).
Short Sale – Subject to Bank Approval. Cash or Hard Money Only. Sold As-Is. This property offers great potential for the right buyer! Located in a highly desirable area, it’s a fantastic opportunity to invest, renovate, and add value in a prime location. Don’t miss out!
Price History
Date
Event
Price
07/10/25
Listing
$324,999
Condition Rating
Poor
Built in 1987, this property is 37 years old with no apparent major renovations. The images reveal severely outdated and neglected interiors, particularly in the kitchen and bathrooms, which feature original or very old fixtures, cabinetry, and finishes. Flooring is a mix of dated tile and dirty, worn carpet. The overall condition, coupled with the 'Sold As-Is' and 'Cash or Hard Money Only' terms, indicates that substantial repairs and rehabilitation are required, aligning with the 'poor' condition criteria.
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 = 29367, living area = 1346.
Significant Investment Potential: The property is explicitly marketed as an opportunity to 'invest, renovate, and add value,' appealing to buyers seeking a project with potential for equity growth.
Desirable Location: Described as being in a 'highly desirable area' and 'prime location,' which is a fundamental driver of real estate value and future appreciation.
Generous Lot Size: With 29,367 sqft, the property offers ample outdoor space for various uses, potential expansion, or enhanced privacy.
Attractive Entry Price: The list price of $324,999, especially considering the short sale and as-is conditions, presents a relatively affordable entry point into the market for a single-family home.
Customization Opportunity: Being sold 'as-is' and with renovation potential, it offers a blank canvas for buyers to personalize and modernize the home to their specific tastes and needs.
Cons
Complex Short Sale Process: The 'Short Sale – Subject to Bank Approval' status indicates a potentially prolonged and uncertain transaction timeline, requiring significant patience and specific expertise from the buyer.
Restricted Financing Options: The requirement for 'Cash or Hard Money Only' severely limits the pool of potential buyers, excluding those reliant on conventional mortgage financing.
Unknown Renovation Costs & Risks: Being sold 'As-Is' means the buyer assumes full responsibility for all necessary repairs, renovations, and potential unforeseen issues, which could lead to substantial additional costs.