42849 15th Street W 4, Lancaster, California 93534, Lancaster, 93534 - 2 bed, 2 bath
42849 15th Street W 4
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 42849 15th Street W 4, Lancaster, California 93534 is currently available with a list price of $310,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1974, this condo features recent cosmetic updates such as 'nearly new luxury vinyl plank flooring' and fresh paint, making it move-in ready. However, the kitchen retains very dated original-style wood cabinets and tile countertops, which, despite 'newer' white appliances, require substantial modernization. Bathrooms are clean and functional with updated vanities but still show dated elements like fluorescent lighting and framed shower doors. The property is well-maintained with central HVAC, but key areas like the kitchen are significantly outdated, requiring more than minor updates to meet current aesthetic standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location & Freeway Access
Positioned directly across from Costco and the 14 Freeway entrance, offering unparalleled convenience for shopping, amenities, and commuting.
- Desirable Community Amenities
Located just steps from the sparkling pool, spa, and management office within a secure, gated complex, enhancing lifestyle and security.
- Modern Interior Upgrades & Move-in Ready
Features nearly new luxury vinyl plank flooring, an updated kitchen with newer appliances, central HVAC, and is described as move-in ready, minimizing immediate expenses.
CONSRISKS & DEFICIENCIES
- Building Age
Constructed in 1974, the building's age may lead to potential future maintenance or assessment considerations for common areas, despite unit-specific updates.
- Recurring HOA Dues
A monthly association fee of $350 adds to the ongoing cost of ownership, which can impact overall affordability and investment returns.
- Condominium Ownership Limitations
As a condominium, owners are subject to HOA rules and regulations, which may restrict personal modifications, pet policies, or rental options.
About 42849 15th Street W 4
Welcome to Park Somerset! This upstairs 2-bedroom, 2-bath condo in West Lancaster offers comfort, convenience, and one of the best locations in the community. Unit #4 is situated just steps from the sparkling pool, spa, and management office, with direct access from street parking or within the gated complex. A private garage is also included. Inside, you'll find nearly new luxury vinyl plank flooring, a bright and spacious living room with fireplace, and an updated kitchen with newer appliances. The in-unit laundry closet includes washer and dryer. Enjoy peaceful mornings on your private balcony with views of the pool, mature trees, and open space. With 1,228 sq ft of space, central HVAC, and a layout designed for privacy and flow, this move-in-ready home is ideal for first-time buyers or investors. All located just across from Costco and the 14 Freeway entrance for unbeatable access.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 200,510 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $350.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.5 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,228 | 1,447 | 50% |
| Lot Size | 200,510 | 164,406 | 50% |
| Price | $310.0K | $330.0K | 50% |
| Price per sq ft | $252 | $225 | 75% |
| Built year | 1974 | 1977 | 50% |
| HOA | $350.0 | $355 | 50% |
| Days on market | 253 | 257 | 50% |
Pricing History
Listed for Sale
Jun 26, 2025
$310,000
Initial Listing