4537 Elwood Avenue, Palmdale, California 93552, Palmdale, 93552 - 3 bed, 2 bath
4537 Elwood Avenue
Palmdale, California 93552
Property Price
SUMMARY
Analysis of 4537 Elwood Avenue, Palmdale, California 93552 reveals a property with a current list price of $480,000, which is 3% above the estimated $463,338 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Palmdale Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4537 Elwood Avenue Subject | $480,000* List Price | 3 | 2 | 1,526 | $304 | - |
A 5353 Karling Sold | $460,000 | 3 | 2 | 1,388 | $331 | 0.9 mi |
B 4633 Dowel Avenue Sold | $455,000 | 3 | 2 | 1,526 | $298 | 0.1 mi |
C 38143 42nd Street E Sold | $430,000 | 3 | 2 | 1,384 | $311 | 0.8 mi |
D 5013 E. Ave. R2 Avenue Sold | $440,000 | 3 | 2 | 1,608 | $274 | 0.6 mi |
E 5059 Saint Laurent Sold | $445,000 | 3 | 2 | 1,400 | $318 | 0.7 mi |
F 37555 Sulphur Springs Rd Street Pending | $440,000 List Price | 3 | 2 | 1,571 | $280 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1989, this property is 35 years old and appears to have had no major renovations since construction. The interior features dated tile and wood-look flooring, traditional light fixtures, and popcorn ceilings, indicating a need for aesthetic updates. The backyard requires significant landscaping and maintenance. While functional, major systems like the visible AC unit are likely original and nearing the end of their expected lifespan. The absence of kitchen and bathroom images suggests these areas are also likely original or have older updates, consistent with the overall dated appearance.
PROSSTRENGTHS & OPPORTUNITIES
- Open Concept Living Area
The kitchen seamlessly opens to the family room, promoting a modern and interactive living space ideal for family gatherings and entertaining.
- Generous & Entertainer's Backyard
The property boasts a spacious backyard with ample room, perfect for outdoor entertaining, recreation, or potential landscaping enhancements.
- Prime Family-Friendly Location
Strategically situated near shopping centers, schools, and parks, offering unparalleled convenience for daily errands and family activities.
CONSRISKS & DEFICIENCIES
- Absence of Noted Modern Upgrades
The property description lacks mention of recent renovations or high-end finishes, suggesting the interior may be original to its 1989 build and could require modernization to meet contemporary buyer expectations.
- Standard View Offering
While a view is present, it is a 'Neighborhood' view, which does not offer the premium scenic appeal (e.g., city lights, mountains, water) that could significantly enhance property value or desirability.
- Potential for Aging Systems
Given its 1989 construction, critical home systems such as HVAC, plumbing, and electrical may be original and nearing the end of their expected lifespan, potentially necessitating future capital expenditures for a new owner.
About 4537 Elwood Avenue
Welcome to this 3 bedroom 2 bath home located in Palmdale. The kitchen is open to the family room. Backyard is prefect to entertain with plenty of room. The home is located to shopping center, schools, and parks.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1989
- Lot Size
- 6,998 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 48% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,526 | 1,746 | 34% |
| Lot Size | 6,998 | 7,018 | 44% |
| Price | $480.0K | $490.0K | 47% |
| Price per sq ft | $315 | $279 | 67% |
| Built year | 1989 | 1990 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 246 | 180 | 87% |
Pricing History
Listed for Sale
Jul 3, 2025
$480,000
Initial Listing