45309 Newtree Avenue, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath
ACTIVE$369,000
45309 Newtree Avenue, Lancaster, California 93534
4Beds
2Baths
1,206Sqft
7,840Lot
Price Vs. Estimate
The estimated value ($315,416.495) is $53,583.505 (14%) lower than the list price ($369,000). 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 = 7840, living area = 1206.
Top Cons:
Condition (Needs TLC): The property 'Needs some TLC,' indicating that significant repairs, renovations, or updates will be required, which adds to the buyer's cost and effort.
Compared to the nearby listings
Price:$369.0K vs avg $426.2K ($-57,250)14%
Size:1,206 sqft vs avg 1,429.5 sqft21%
Price/sqft:$306 vs avg $30255%
More Insights
Built in 1955 (70 years old).
Condition: Built in 1955, this property retains much of its original '1955 character' and explicitly 'Needs some TLC.' The kitchen features very dated wood cabinets, laminate countertops, and old flooring, requiring a full renovation. Bathrooms are similarly outdated with old vanities and fixtures. Carpets are worn, and light fixtures are basic or dated. The presence of an evaporative cooler suggests an older HVAC system. While livable, the property requires substantial repairs and rehabilitation to modernize and address aging systems and finishes.
Year Built
1955
Close
-
List price
$369K
Original List price
$369K
Price/Sqft
$306
HOA
-
Days on market
-
Sold On
-
MLS number
V1-33264
Home ConditionPoor
Features
Patio
View-
About this home
Perfect investment opportunity in a charming, established neighborhood! This inviting 4-bedroom, 2-bath home offers 1,206 sq. ft. of comfortable living space on a large corner lot surrounded by mature trees and great curb appeal. Enjoy a cozy living room with newer windows that fill the home with natural light, a covered patio perfect for relaxing outdoors, and an attached garage for added convenience. Situated on a quiet cul-de-sac street, this property features a new front security door and timeless 1955 character--ideal for investors or buyers looking to add their personal touch in a desirable, well-kept community. Needs some TLC. Close to everything!
Nearby schools
3/10
Desert View Elementary School
Public,•K-6•0.4mi
3/10
Piute Middle School
Public,•6-8•1.6mi
2/10
Antelope Valley High School
Public,•9-12•1.4mi
Condition Rating
Poor
Built in 1955, this property retains much of its original '1955 character' and explicitly 'Needs some TLC.' The kitchen features very dated wood cabinets, laminate countertops, and old flooring, requiring a full renovation. Bathrooms are similarly outdated with old vanities and fixtures. Carpets are worn, and light fixtures are basic or dated. The presence of an evaporative cooler suggests an older HVAC system. While livable, the property requires substantial repairs and rehabilitation to modernize and address aging systems and finishes.
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 = 7840, living area = 1206.
Investment Potential: Explicitly marketed as a 'perfect investment opportunity' and 'ideal for investors or buyers looking to add their personal touch,' highlighting its potential for value appreciation through renovation.
Desirable Location & Neighborhood: Situated in a 'charming, established neighborhood' on a 'quiet cul-de-sac street' with 'great curb appeal' and proximity to amenities ('close to everything').
Generous Lot Size & Outdoor Living: Features a 'large corner lot' and a 'covered patio perfect for relaxing outdoors,' providing ample space for outdoor activities and potential landscaping.
Natural Light & Recent Minor Upgrades: Benefits from 'newer windows that fill the home with natural light' and a 'new front security door,' enhancing comfort and security.
Functional Layout & Convenience: Offers a comfortable 4-bedroom, 2-bath layout with 1,206 sq. ft. of living space and an attached garage, appealing to families or renters.
Cons
Condition (Needs TLC): The property 'Needs some TLC,' indicating that significant repairs, renovations, or updates will be required, which adds to the buyer's cost and effort.
Age of Property: Built in 1955, the home likely has original systems and finishes that may be outdated or nearing the end of their lifespan, requiring substantial modernization.
Overpriced Relative to Market Estimation: The listing price is 14% higher than the property's estimated value, suggesting it may be overpriced given its current condition and market comparables.