45132 Harlas Avenue, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath
ACTIVE$385,000$1,029/sqft
Est. Value: $323,740
-15%
AboveEstimate
45132 Harlas Avenue, Lancaster, California 93534
4Beds
2Baths
1,029Sqft
8,117Lot
Price Vs. Estimate
The estimated value ($323,740.425) is $61,259.575 (15%) lower than the list price ($385,000). This property may be overpriced.
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 = 8117, living area = 1029.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1029, other record living area = 1389.
Compared to the nearby listings
Price:$385.0K vs avg $422.0K ($-37,000)27%
Size:1,029 sqft vs avg 1,420 sqft9%
Price/sqft:$374 vs avg $30292%
More Insights
Built in 1954 (72 years old).
Condition: The property, built in 1954, is explicitly stated to have 'no Electrical in the home or ADU,' rendering it uninhabitable and unsafe. While some cosmetic updates like new kitchen cabinets, bathroom tiling, and flooring are visible, these are superficial given the complete lack of a functional electrical system. This constitutes a significant defect requiring substantial and costly rehabilitation, including a full electrical installation, which aligns with the 'Poor' condition criteria.
Year Built
1954
Close
-
List price
$385K
Original List price
$565K
Price/Sqft
$374
HOA
-
Days on market
-
Sold On
-
MLS number
25627283
Home ConditionPoor
Features
Patio
View-
About this home
Garage converted into an Accessory Dwelling Unit (ADU). There is no Electrical in the home or ADU
J
Jon Cope
Listing Agent
Price History
Date
Event
Price
05/22/24
Sold
$575,000
03/08/24
Sold
$335,000
03/26/09
Sold
$81,000
05/23/07
Sold
$268,500
Condition Rating
Poor
The property, built in 1954, is explicitly stated to have 'no Electrical in the home or ADU,' rendering it uninhabitable and unsafe. While some cosmetic updates like new kitchen cabinets, bathroom tiling, and flooring are visible, these are superficial given the complete lack of a functional electrical system. This constitutes a significant defect requiring substantial and costly rehabilitation, including a full electrical installation, which aligns with the 'Poor' condition criteria.
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 = 8117, living area = 1029.
ADU Conversion: The property features a garage converted into an Accessory Dwelling Unit (ADU), offering potential for rental income, multi-generational living, or flexible use space.
Generous Lot Size: With an 8117 sqft lot, the property provides ample outdoor space for landscaping, potential expansion, or recreational activities.
Functional Layout: The property offers a practical 4-bedroom, 2-bathroom configuration, maximizing living space for its 1029 sqft footprint.
Aggressive Pricing: The current list price of $385,000 represents a significant reduction from the original list price of $565,000, indicating a motivated seller and potential for a competitive acquisition.
High Investment Potential: For a buyer willing to undertake significant renovations, the property presents a strong investment opportunity to add substantial value, especially with the existing ADU.
Cons
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 1029, other record living area = 1389.
Complete Lack of Electrical System: The most critical drawback is the absence of electrical wiring in both the main home and the ADU, rendering the property uninhabitable and requiring a full, costly electrical installation.
Extensive Renovation Required: Due to the lack of electrical and the property's age (1954), comprehensive renovations are necessary, likely including updates to plumbing, roofing, and all interior finishes, making it unsuitable for move-in ready buyers.
Financing Challenges: The property's current condition, particularly the lack of a functional electrical system, will likely pose significant hurdles for traditional financing, limiting the buyer pool primarily to cash buyers or those with specialized renovation loans.