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

42427 61st Street W
Lancaster, California 93536
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42427 61st Street W Subject | $549,000* List Price | 4 | 3 | 2,144 | $269 | - |
A 5809 Almond Valley Way Sold | $570,000 | 4 | 3 | 2,270 | $251 | 0.3 mi |
B 5811 Corinthian Place Sold | $530,000 | 4 | 2 | 1,711 | $310 | 0.3 mi |
C 42330 61st Street W Sold | $502,000 | 3 | 2 | 1,719 | $292 | 0.2 mi |
D 5858 Travis Paul Drive Sold | $520,000 | 3 | 2 | 1,797 | $289 | 0.4 mi |
E 42243 Camden Way Active | $610,000 List Price | 4 | 2 | 2,152 | $283 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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 The patterned carpet throughout much of the home and the light fixtures are also significantly outdated.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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 50% |
| Square foot | 2,144 | 2,074.5 | 55% |
| Lot Size | 10,418 | 9,560 | 63% |
| Price | $549.0K | $546.0K | 51% |
| Price per sq ft | $256 | $267 | 41% |
| Built year | 1987 | 1990 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 196 | 6% |
Pricing History
Listed for Sale
Jan 7, 2026
$549,000
Initial Listing





































