43515 Mahogany, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
43515 Mahogany
Lancaster, California 93535
Property Price
SUMMARY
Analysis of 43515 Mahogany, Lancaster, California 93535 reveals a Prime Investment Opportunity with a current list price of $429,000—significantly undercutting the $450,748 Fair Market Value by 5%. This valuation gap indicates a +$21,748 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 |
|---|---|---|---|---|---|---|
★ 43515 Mahogany Subject | $429,000* List Price | 3 | 2 | 1,375 | $328 | - |
A 3048 Justin Court Sold | $499,900 | 3 | 2 | 1,361 | $367 | 0.5 mi |
B 2842 El Sol Drive Sold | $395,000 | 3 | 2 | 1,130 | $350 | 0.3 mi |
C 3038 Kaylyn Street Sold | $410,000 | 3 | 2 | 1,420 | $289 | 0.4 mi |
D 43632 Serenity Court Pending | $395,000 List Price | 3 | 2 | 1,357 | $291 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 1998, this property is 26 years old. However, the listing explicitly states 'Lots of new things: Full new paint, new carpet, new blinds thruout, new hardware, new stainless gas stove and new stainless dishwasher and almost new microwave.' These significant recent cosmetic and appliance updates make the property move-in ready with no immediate renovation required. The kitchen benefits greatly from the new stainless steel appliances, while the bathrooms are clean and functional, though basic in style. The overall condition, with fresh paint and new flooring, aligns well with the 'Good' rating criteria for a well-maintained home with recent updates.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Recent Upgrades
The property boasts significant recent updates including new paint, carpet, blinds, hardware, and new stainless steel kitchen appliances (gas stove, dishwasher, almost new microwave), offering a move-in ready experience.
- Attractive Price Point
Positioned as a 'VERY modest price' and 'hot offering,' making it highly appealing and accessible for first-time homebuyers in the Lancaster market.
- First-Time Buyer Appeal
Explicitly marketed as a 'Lancaster cutie for first time buyers,' indicating it meets the needs and budget of this key demographic.
CONSRISKS & DEFICIENCIES
- Undeveloped Rear Yard
The rear yard is described as a 'blank pallet (aka dirt),' requiring significant investment and effort from the buyer for landscaping and outdoor living development.
- Modest Overall Size
With 1375 sqft, the property is of 'modest size,' which may limit appeal for buyers seeking larger living spaces or accommodating a growing family long-term.
- Low-Rated Middle School
The assigned middle school, Gifford C. Cole Middle School, has a low rating of 1, which could be a deterrent for families prioritizing highly-rated educational institutions.
About 43515 Mahogany
Lancaster cutie for first time buyers. Modest size 3BR with VERY modest price. Lots of new things: Full new paint, new carpet, new blinds thruout, new hardware, new stainless gas stove and new stainless dishwasher and almost new microwave. 2 bedrooms with hall bath. Primary has en-suite bath and walk in closet. Front zeroscape and blank pallet rear yard (aka dirt). 2 car attached garage make this a complete family experience. The price makes it a hot offering. Make this yours today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1998
- Lot Size
- 6,626 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Lancaster Unified Schools
Eastside Elementary School
Grades K-6 • 4.7 mi
Gifford C. Cole Middle School
Grades 7-8 • 2.1 mi
Eastside High School
Grades 9-12 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,375 | 1,633.5 | 27% |
| Lot Size | 6,626 | 7,060.5 | 29% |
| Price | $429.0K | $440.0K | 42% |
| Price per sq ft | $312 | $266 | 78% |
| Built year | 1998 | 1988 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 49 | 178 | 3% |
Pricing History
Listed for Sale
Jan 16, 2026
$429,000
Initial Listing
Sold
May 18, 2005
$262,000
Public Record
Sold
Apr 1, 2003
$148,000
Public Record
Sold
Jul 2, 1998
$93,000
Public Record