42873 Montello, Lake Elizabeth, California 93532, Lake Elizabeth, 93532 - 3 bed, 3 bath
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Lake Elizabeth, California 93532
This Value-Add Residential Property is listed at $459,000, positioned near its $451,711 Fair Market Value. Holding a Condition Rating of 4, the 1989-built interior features original oak cabinetry and popcorn ceilings, offering a clear path for forced appreciation through modernization. The asset provides exceptional utility with a 7,502 sq. ft. lot, RV Parking, and a primary suite with a Marble Hearth Fireplace and Hill Views. Located in the Antelope Valley Union District, it is a strategic acquisition for Owner-Occupants or first-time buyers looking to build equity through cosmetic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42873 Montello Subject | $459,000* List Price | 3 | 3 | 1,746 | $259 | - |
A 42655 Cabin Sold | $484,000 | 3 | 3 | 1,752 | $276 | 0.2 mi |
B 42718 Coolcrest Drive Sold | $460,000 | 3 | 3 | 1,760 | $261 | 0.7 mi |
C 14520 Hardtree Sold | $359,000 | 3 | 1 | 1,120 | $321 | 0.3 mi |
D 14955 Elizabeth Lake Active | $455,000 List Price | 3 | 2 | 1,543 | $295 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, the property is largely in its original state and shows signs of age-related wear. The kitchen features dated oak cabinetry, tile countertops with wide grout lines, and a fluorescent light box, while the bathrooms retain original vanities and fixtures. The presence of popcorn ceilings and older carpeting throughout indicates a lack of recent major renovations, though the home appears functional and maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7502, living area = 1746.
The property sits on a large, level 7,502 sq. ft. lot that includes a spacious backyard and dedicated RV parking, offering significant utility for outdoor enthusiasts and additional storage needs.
The master bedroom serves as a true retreat, featuring its own fireplace with a marble hearth and a private balcony designed for enjoying the scenic hill views and night sky.
Built in 1989, the residence may require cosmetic updates or system refreshments to align with contemporary design trends and modern energy efficiency standards.
While the Lake Elizabeth area offers a peaceful lifestyle, its relatively remote location may result in longer commute times to major employment hubs and limited proximity to urban amenities.
Enjoy the peaceful lifestyle of Lake Elizabeth. Don't miss this 3 bedroom, 2.5 bath, family home on large level lot. Spacious living room with wood burning fireplace. Cozy master bedroom features fireplace with marble hearth and sliding door to balcony/ deck for enjoying the night sky. Two car attached garage. Big back yard allows room for RV parking and more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 83% |
| Square foot | 1,746 | 1,292.5 | 72% |
| Lot Size | 7,502 | 7,506 | 50% |
| Price | $459.0K | $429.5K | 61% |
| Price per sq ft | $263 | $315 | 33% |
| Built year | 1989 | 1983 | 83% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 168 | 6% |
Apr 15, 2026
$459,000
Initial Listing
Feb 22, 2012
$103,400
Public Record