
Lancaster, California 93535
This Value-Add Residential Asset is listed at $450,000, offering a functional foundation in an established Lancaster neighborhood. While the list price exceeds the $412,763 Fair Market Value, the property’s Condition Rating of 4 presents a clear opportunity for forced appreciation through interior modernization and cosmetic updates. Featuring a generous 6,520 sqft lot and proximity to the Lancaster High School District, the home balances long-term land value with immediate livability. This property is best suited for Buy-and-Hold Investors or first-time buyers looking to secure a project with significant equity upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44025 Glenraven Subject | $450,000* List Price | 3 | 2 | 1,210 | $341 | - |
A 44283 Raysack Avenue Sold | $385,000 | 4 | 2 | 1,282 | $300 | 0.3 mi |
B 44221 4th Street E Sold | $440,000 | 3 | 2 | 1,170 | $376 | 0.2 mi |
C 355 Woodlark Street Sold | $415,000 | 4 | 2 | 1,230 | $337 | 0.4 mi |
D 1031 E Avenue J3 Sold | $420,000 | 3 | 2 | 1,281 | $328 | 0.2 mi |
E 44256 Gingham Sold | $389,900 | 4 | 2 | 1,282 | $304 | 0.3 mi |
F 637 E Avenue J9 Sold | $385,000 | 3 | 2 | 1,148 | $335 | 0.4 mi |
G 415 E Avenue J13 Active | $385,000 List Price | 4 | 2 | 1,230 | $313 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1980, is in functional condition but remains largely unrenovated. The kitchen features dated wood cabinetry and older white appliances, while the interior shows aged carpeting and standard fixtures consistent with its original construction era. While well-maintained and livable, it requires cosmetic updates to meet modern quality standards.
Situated in an established Lancaster neighborhood, the property offers excellent proximity to schools, shopping centers, public transportation, and freeway access, making it ideal for commuters.
The home features expansive front and rear yards on a 6,520 sqft lot, providing significant outdoor space for recreation, gardening, or potential future expansions.
The floor plan includes a large living room and dedicated dining area, offering a practical and open feel for a 3-bedroom, 2-bathroom residence.
Built in 1980, the property may require modern cosmetic updates or infrastructure maintenance to align with contemporary buyer preferences and energy efficiency standards.
At 1,210 square feet, the living space is relatively compact for a three-bedroom home, which may feel restrictive for larger families or those requiring a home office.
ESTATBLISHED LANCASTER NEIGHBORHHOD CLOSE TO SHOPPING, SCHOOLS. TRANSPOTATION AND FREEWAY. THIS HOME FEATURES LARGE LIVING ROOM AND DINNING AREA. HOME HAS LARGE FRONT AND REAR YARD
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,210 | 1,605 | 13% |
| Lot Size | 6,520 | 7,084 | 22% |
| Price | $450.0K | $440.0K | 53% |
| Price per sq ft | $372 | $266 | 95% |
| Built year | 1980 | 1988 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 181 | 1% |
Mar 16, 2026
$450,000
Initial Listing
Apr 22, 2009
$54,000
Public Record
May 12, 2005
$240,000
Public Record