44221 4th Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
ACTIVE UNDER CONTRACT$320,000
44221 4th Street E, Lancaster, California 93535
3Beds
2Baths
1,170Sqft
6,821Lot
Price Vs. Estimate
The estimated value ($365,219.82) is $45,219.82 (14%) higher than the list price ($320,000). This property may be underpriced.
Key pros and cons
Top Pros:
Income/Flexibility Potential: The property includes a bonus Accessory Dwelling Unit (ADU) with its own bathroom, offering significant flexibility for guest quarters, a home office, or potential rental income.
Top Cons:
Permitting Issue: The bonus ADU is explicitly stated as 'not permitted,' which could lead to legal complications, fines, or require costly legalization efforts.
Compared to the nearby listings
Price:$320.0K vs avg $438.0K ($-118,000)7%
Size:1,170 sqft vs avg 1,553 sqft12%
Price/sqft:$274 vs avg $26952%
More Insights
Built in 1956 (69 years old).
Condition: Built in 1956, this property is well-maintained but shows its age in key areas. The kitchen features dated oak cabinets, teal laminate countertops, and older appliances (except for a newer refrigerator), indicating a renovation likely 15-30 years ago. Bathrooms also present dated vanities and tile work. While clean and functional, the property requires significant cosmetic updates in the kitchen and bathrooms to align with current market trends and buyer expectations.
Year Built
1956
Close
-
List price
$320K
Original List price
$320K
Price/Sqft
$274
HOA
-
Days on market
-
Sold On
-
MLS number
SR25276653
Home ConditionFair
Features
Good View: Mountain(s), Neighborhood
Patio
ViewMountain(s), Neighborhood
About this home
Welcome to 44221 4th Street East in Lancaster This well-maintained single-family residence offers 3 bedrooms and 2 bathrooms across approximately 1,170 square feet of comfortable living space. The home features an attached 2-car garage and is fully fenced, providing added privacy and security. The backyard includes a bonus ADU with its own bathroom (not permitted), offering flexible use as guest quarters, a home office, or additional living space. Conveniently located near local amenities, schools, and commuter routes, this property presents a great opportunity for homeowners or investors alike.
Price History
Date
Event
Price
10/10/97
Sold
$48,454
07/24/14
Sold
$122,000
02/03/03
Sold
$127,000
Condition Rating
Fair
Built in 1956, this property is well-maintained but shows its age in key areas. The kitchen features dated oak cabinets, teal laminate countertops, and older appliances (except for a newer refrigerator), indicating a renovation likely 15-30 years ago. Bathrooms also present dated vanities and tile work. While clean and functional, the property requires significant cosmetic updates in the kitchen and bathrooms to align with current market trends and buyer expectations.
Pros & Cons
Pros
Income/Flexibility Potential: The property includes a bonus Accessory Dwelling Unit (ADU) with its own bathroom, offering significant flexibility for guest quarters, a home office, or potential rental income.
Convenient Location: Strategically located near local amenities, schools, and major commuter routes, enhancing daily convenience and accessibility.
Practical Amenities: Features an attached 2-car garage, providing ample parking and valuable storage space.
Privacy & Security: The fully fenced yard offers enhanced privacy and security, ideal for families, pets, or outdoor enjoyment.
Property Condition: Described as a well-maintained residence, suggesting a good state of repair and potentially reduced immediate renovation costs.
Cons
Permitting Issue: The bonus ADU is explicitly stated as 'not permitted,' which could lead to legal complications, fines, or require costly legalization efforts.
Property Age: Built in 1956, the home's age may indicate older infrastructure and systems that could require future updates or maintenance.
Limited Living Space: With 1,170 square feet, the interior living space is relatively modest for a 3-bedroom home, potentially limiting appeal for buyers seeking more expansive areas.