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45026 16th W, Lancaster, California 93534, Lancaster, 93534 - 3 bed, 2 bath

45026 16th W, Lancaster, California 93534 home-pic-0
ACTIVE$450,000
45026 16th W, Lancaster, California 93534
3Beds
2Baths
1,278Sqft
8,110Lot

Price Vs. Estimate

The estimated value mostly matches the list price at $450,000.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8110, living area = 1278.
Top Cons:
Age of Property: Built in 1955, despite extensive updates, the underlying structure is older, which may lead to unforeseen issues not covered by the listed renovations.

Compared to the nearby listings

Price:$450.0K vs avg $428.8K (+$21,250)58%
Size:1,278 sqft vs avg 1,429.5 sqft33%
Price/sqft:$352 vs avg $30280%

More Insights

Built in 1955 (70 years old).
Condition: Despite being built in 1955, the property has undergone an extensive and recent renovation, as highlighted by the description and confirmed by the images. The kitchen is completely remodeled with modern white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary finishes. Both bathrooms feature updated vanities, fixtures, and lighting, appearing virtually new. Major system upgrades, including an electrical panel and PEX piping, along with a paid-off solar system, significantly enhance the property's condition and value. New wood-look flooring throughout and fresh paint contribute to a move-in ready state with minimal physical depreciation. The overall quality and modern updates meet current standards, aligning with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Year Built
1955
Close
-
List price
$450K
Original List price
$450K
Price/Sqft
$352
HOA
-
Days on market
-
Sold On
-
MLS number
SR25275129
Home ConditionExcellent
Features
Pool
Patio
ViewNeighborhood

About this home

Beautifully updated home set in a charming, tree-lined neighborhood just minutes from the freeway and a wide range of amenities. Nearly every space has been refreshed, including a completely remodeled kitchen featuring modern finishes and a bright, open feel. The primary bath has been upgraded with a new vanity, tub/shower enclosure, paint and updated lighting. Almost every part of this home has been updated! Major improvements add peace of mind, including an electrical panel upgrade and PEX piping throughout. Step outside to a private backyard designed for relaxation and entertaining, complete with a sparkling POOL and covered patio area. The front offers extra parking and the potential to convert the garage into an ADU for added flexibility and potential income.(Seller has plans for a 335sq.ft. Jr. ADU he is willing to make available to the next owner). A paid-off solar system will be transferred at closing, keeping energy costs low. This is a move-in ready opportunity with standout upgrades in a highly desirable location!

Price History

Date
Event
Price
10/21/20
Sold
$303,000
04/03/12
Sold
$80,000
05/30/03
Sold
$157,000
Condition Rating
Excellent
Despite being built in 1955, the property has undergone an extensive and recent renovation, as highlighted by the description and confirmed by the images. The kitchen is completely remodeled with modern white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary finishes. Both bathrooms feature updated vanities, fixtures, and lighting, appearing virtually new. Major system upgrades, including an electrical panel and PEX piping, along with a paid-off solar system, significantly enhance the property's condition and value. New wood-look flooring throughout and fresh paint contribute to a move-in ready state with minimal physical depreciation. The overall quality and modern updates meet current standards, aligning with the 'Excellent' criteria for properties extensively renovated within the last 5 years.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8110, living area = 1278.
Extensive Modern Updates: Nearly every space has been refreshed, including a completely remodeled kitchen and upgraded primary bath, making the home move-in ready with modern finishes.
Major System Upgrades: Significant improvements such as an electrical panel upgrade and PEX piping throughout provide peace of mind and reduce immediate maintenance concerns.
Paid-Off Solar System: The transfer of a paid-off solar system at closing offers substantial energy cost savings for the new owner.
Outdoor Entertainment & Pool: A private backyard featuring a sparkling pool and covered patio area is ideal for relaxation and entertaining, enhancing lifestyle appeal.
ADU Potential & Extra Parking: The property offers potential for an Accessory Dwelling Unit (ADU) conversion with available plans, providing flexibility for income or multi-generational living, complemented by extra front parking.

Cons

Age of Property: Built in 1955, despite extensive updates, the underlying structure is older, which may lead to unforeseen issues not covered by the listed renovations.
Moderate Square Footage: At 1278 sqft, the home's size is on the smaller side for a 3-bedroom, 2-bathroom single-family residence, potentially limiting appeal for buyers seeking more spacious living areas.
Lack of Central AC Mention: The description does not mention a central air conditioning system, which could be a significant drawback in Lancaster's hot climate, despite the presence of a pool.

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