44532 15th E 5, Lancaster, California 93535, Lancaster, 93535 - 2 bed, 2 bath
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44532 15th E 5
Lancaster, California 93535
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,056Sq Ft
159,591Lot Size
Property Price
LIST PRICE$239,000
EST. MARKET VALUE
$232,938
SUMMARY
This townhome in the Willowcreek gated community represents a High-Potential Investment Opportunity, listed at $239,000—positioned slightly above the $232,938 Fair Market Value. While the property is in Condition Rating 4, its functional open floor plan, private two-car garage, and access to community amenities like pools and tennis courts provide a stable foundation for value-add cosmetic updates. This asset is well-suited for Buy-and-Hold Investors seeking rental demand or first-time buyers looking for an affordable entry point into the Lancaster market.
Estimated Market Value
$232,938
Based on Realkey algorithm analyzing recent comparable sales in Lancaster.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 44532 15th E 5 Subject | $239,000* List Price | 2 | 2 | 1,056 | $221 | - |
A 44526 15th Street E 4 Sold | $235,200 | 2 | 2 | 1,056 | $223 | 0.0 mi |
B 44460 15th Street E 13 Sold | $227,000 | 2 | 2 | 1,056 | $215 | 0.1 mi |
C 44442 15th Street E 5 Sold | $246,000 | 2 | 1 | 1,138 | $216 | 0.2 mi |
D 44460 15th E 3 Active | $239,000 List Price | 2 | 2 | 1,056 | $226 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1992 (32 years old), the property is dated with original white-and-wood trim cabinetry and laminate counters visible in the bathroom. While the flooring appears to have been updated to laminate/LVP, the primary fixtures and systems are over 20 years old and have not undergone a full modern renovation, fitting the criteria for a functional but dated home.
PROSSTRENGTHS & OPPORTUNITIES
- Extensive Community Amenities
Located within the Willowcreek gated community, residents enjoy access to a greenbelt park, swimming pools, a spa, and courts for both tennis and basketball.
- Functional Layout and Parking
The townhome features a desirable open floor plan with two spacious bedrooms and the added convenience of a private two-car garage.
- Competitive Price Point
Priced at $239,000, this property offers an affordable entry point for first-time homebuyers or investors looking for a turnkey-style residential option.
CONSRISKS & DEFICIENCIES
- Lower School Ratings
The assigned public schools for this location have relatively low ratings, ranging from 2 to 4, which may be a drawback for families prioritizing education.
- Recurring Association Fees
The monthly HOA fee of $270 adds a fixed recurring cost that buyers must factor into their monthly budget and overall debt-to-income ratio.
About 44532 15th E 5
Nice 2 story townhome in the Willowcreek gated community. Greenbelt park with community pool and tennis court. This townhome offers 2 large bedrooms 2 bathrooms and a 2 car garage with an open floor plan. Beautiful community with pools, spa, tennis, basketball.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1992
- Lot Size
- 159,591 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $270.0 / Month
Neighborhood Insights
Lancaster Unified Schools
El Dorado Elementary School
Grades K-5 • 1.1 mi
4/10
Joshua Elementary
Grades K-5 • 1.7 mi
2/10
Piute Middle School
Grades 6-8 • 1.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.2 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,056 | 1,107.8 |
| Lot Size | 159,591 | 125,276.25 |
| Price | $239.0K | $297.5K |
| Price per sq ft | $226 | $237 |
| Built year | 1992 | 1988 |
| HOA | $270.0 | $379 |
| Days on market | 23 | 77 |
Pricing History
Listed for Sale
Aug 17, 2026
$239,000
Initial Listing
Sold
Nov 18, 2011
$48,000
Public Record
Sold
Mar 18, 2004
$119,000
Public Record