45318 Elm, Lancaster, California 93534, Lancaster, 93534 - 5 bed, 3 bath
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Lancaster, California 93534
This Spacious 5-Bedroom Single Family Residence is a Strong Value Opportunity, listed at $499,900—positioned well below the $510,095 Fair Market Value by 2%. This valuation gap offers $10,195 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers turn-key upgrades like new paint and flooring, while the large corner lot provides significant potential for an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, move-in ready home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 45318 Elm Subject | $499,900* List Price | 5 | 3 | 2,266 | $225 | - |
A 45614 Barham Sold | $480,000 | 3 | 3 | 2,220 | $216 | 0.9 mi |
B 45517 Kingtree Avenue Sold | $476,999 | 5 | 3 | 1,787 | $267 | 0.5 mi |
C 1542 Torbay Court Sold | $515,000 | 4 | 3 | 2,512 | $205 | 1.0 mi |
D 45428 13th W Sold | $440,000 | 3 | 2 | 1,561 | $282 | 0.6 mi |
E 805 Jason Court Sold | $455,000 | 4 | 3 | 1,707 | $267 | 0.6 mi |
F 1217 W Avenue H7 Sold | $550,000 | 5 | 3 | 2,792 | $197 | 0.7 mi |
G 45728 Barham Sold | $525,000 | 4 | 3 | 2,569 | $204 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2005/2006, the property falls within the 10-20 year age range. It is well-maintained and move-in ready with recent cosmetic upgrades including new interior/exterior paint and upgraded vinyl flooring. While the kitchen has been refreshed with modern hardware and paint, the underlying systems and cabinetry are likely original to the mid-2000s construction.
With 5 bedrooms, 3 bathrooms, and a dedicated office area, this 2,266 sqft home offers exceptional versatility for large families or multi-generational living, including a convenient downstairs bedroom.
The property features fresh interior and exterior paint, new vinyl flooring, and a new garage door, providing a move-in-ready experience and reducing immediate maintenance costs for the buyer.
Situated on a desirable corner lot, the home includes a rare 3-car garage that offers ample storage for enthusiasts or significant potential for a future ADU conversion.
The assigned public schools for this address have low performance ratings (ranging from 2 to 3 out of 10), which may be a drawback for education-focused families and impact long-term appreciation.
While the backyard is large, it is currently a 'blank canvas' lacking landscaping or hardscaping, requiring additional buyer investment to become a functional living area.
Spacious 5-Bedroom Corner Lot Home in Lancaster! Welcome to this beautifully maintained 5-bedroom, 3-bathroom home offering over 2,200 square feet of living space. Built in 2006, this home sits on a desirable corner lot and is surrounded by other newer homes, offering that sought-after pride-of-ownership feel throughout the neighborhood. Spacious kitchen with large island and breakfast bar. Kitchen flows into the large and open living room. One downstairs bedroom with 4 additional bedrooms upstairs plus a study area/office. Upgrades through out the home include new paint inside and out and upgraded vinyl flooring. Large 3 car garage with new garage door, perfect for car enthusiast or future ADU unit. Step outside to a spacious backyard that's a true blank canvas — whether you're thinking of a pool, outdoor kitchen, garden oasis, or the ultimate entertainment space, this generous lot gives you the room to make it happen.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,266 | 1,880 |
| Lot Size | 6,762 | 7,703 |
| Price | $499.9K | $474.8K |
| Price per sq ft | $221 | $271 |
| Built year | 2005 | 1990 |
| HOA | $0 | $140 |
| Days on market | 19 | 62 |
Jul 3, 2026
$499,900
Initial Listing
May 28, 2019
$325,000
Public Record
Jul 18, 2018
$252,000
Public Record
Oct 7, 2008
$208,000
Public Record
Apr 21, 2006
$399,500
Public Record
Feb 7, 2006
$316,500
Public Record