42427 61st Street W, Lancaster, California 93536, Lancaster, 93536 - 4 bed, 3 bath

42427 61st Street W, Lancaster, California 93536 home-pic-0

42427 61st Street W

Lancaster, California 93536

ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,144Sq Ft
10,418Lot Size

Property Price

LIST PRICE$549,000
EST. MARKET VALUE
$576,343
4% BelowMARKET VALUE

SUMMARY

Analysis of 42427 61st Street W, Lancaster, California 93536 reveals a Prime Investment Opportunity with a current list price of $549,000—significantly undercutting the $576,343 Fair Market Value by 4%. This valuation gap indicates a +$27,343 Instant Equity potential for buyers. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$576,343 +$27,343 Equity Potential
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
42427 61st Street W
Subject
$549,000*
List Price
432,144$269-
A
5809 Almond Valley Way
Sold
$570,000432,270$2510.3 mi
B
5811 Corinthian Place
Sold
$530,000421,711$3100.3 mi
C
42330 61st Street W
Sold
$502,000321,719$2920.2 mi
D
5858 Travis Paul Drive
Sold
$520,000321,797$2890.4 mi
E
42243 Camden Way
Active
$610,000
List Price
422,152$2830.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

Built in 1987, this property is 37 years old and appears to have had no major renovations since construction, aligning with the 'Fair' category. The kitchen features original-style wood cabinets, tile countertops, and very dated appliances (including a yellow refrigerator and older built-in oven/microwave). Bathrooms also show original-era vanities, basic fixtures, and dated flooring/tiling. The patterned carpet throughout much of the home and the light fixtures are also significantly outdated. While the home appears well-maintained and functional, the interior finishes require substantial aesthetic updates to meet contemporary standards, going beyond minor cosmetic changes.

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 = 10418, living area = 2144.

  • Unique Architectural Design

    Features a distinctive floor plan with volume, two-story ceilings, and a sunken living room, creating an engaging and spacious interior.

  • Strong Indoor-Outdoor Flow

    Sliding doors from the living room open directly to the backyard, seamlessly connecting indoor and outdoor living spaces.

CONSRISKS & DEFICIENCIES

  • Potential for System/Aesthetic Updates

    Built in 1987, the property may require updates to its systems or finishes to align with contemporary standards and preferences.

  • Unspecified Cooling System

    The listing description does not mention a cooling system, which could be a significant drawback in Lancaster's often hot climate.

  • Limited View Appeal

    While a view is present, it is specified as a 'Neighborhood' view, which may not offer the premium scenic appeal of mountain or city vistas.

About 42427 61st Street W

This home offers a distinctive floor plan with volume, light, and thoughtful separation of space. A sunken living room anchors the interior with two-story ceilings, a traditional fireplace, and sliding doors that open directly to the backyard—creating a comfortable gathering space with a strong indoor-outdoor connection. The upper level is dedicated to the primary suite, providing privacy and retreat. At the top of the staircase, the upper landing opens to a loft on the left and the private primary suite on the right, with a sliding door straight ahead leading to an outdoor balcony. The loft and balcony overlook the living room and backyard, adding architectural interest and flexible space well suited for a home office, reading area, or creative use. On the main level, the formal dining room, kitchen, and secondary living area flow naturally along one side of the home, supporting both everyday living and entertaining. Down the hall, a junior suite with a private full bath is positioned near two additional bedrooms and a full hall bath, offering thoughtful separation for multi-generational living. Additional features include a three-car garage and a large utility room with washer and dryer hookups and a sink, providing practical space often overlooked but deeply appreciated. With its unique layout, vaulted spaces, and balanced design, this home offers character, flexibility, and comfort in equal measure.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1987
Lot Size
10,418 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 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)
Beds4.04.0
50%
Baths3.02.0
50%
Square foot2,1442,074.5
55%
Lot Size10,4189,560
63%
Price$549.0K$546.0K
51%
Price per sq ft$256$267
41%
Built year19871990
37%
HOA$0$0
50%
Days on market58196
6%

Pricing History

Listed for Sale

Jan 7, 2026

$549,000

Initial Listing

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