4537 Elwood Avenue, Palmdale, California 93552, Palmdale, 93552 - 3 bed, 2 bath
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Palmdale, California 93552
This Value-Add Residential Asset is listed at $480,000, positioned slightly above the $463,338 Fair Market Value. Currently maintaining a Dated Condition Rating, the property offers a functional 3-bedroom, 2-bathroom layout with a sought-after Open Concept Living Area. The expansive 6,998 sqft Lot presents a significant opportunity for outdoor enhancement and forced appreciation through modernization. Located within the Antelope Valley Union district near essential shopping and parks, this 1989 build provides a solid foundation for cosmetic updates. It is an ideal project for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity.
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 37720 Smoke Tree Sold | $460,000 | 3 | 2 | 1,529 | $301 | 0.6 mi |
C 4044 Belleshire Sold | $370,000 | 3 | 2 | 1,284 | $288 | 0.4 mi |
D 38143 42nd Street E Sold | $430,000 | 3 | 2 | 1,384 | $311 | 0.8 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.
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.
The kitchen seamlessly opens to the family room, promoting a modern and interactive living space ideal for family gatherings and entertaining.
The property boasts a spacious backyard with ample room, perfect for outdoor entertaining, recreation, or potential landscaping enhancements.
Strategically situated near shopping centers, schools, and parks, offering unparalleled convenience for daily errands and family activities.
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.
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.
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.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,526 | 1,816 | 29% |
| Lot Size | 6,998 | 7,024.5 | 42% |
| Price | $480.0K | $500.0K | 42% |
| Price per sq ft | $315 | $275 | 71% |
| Built year | 1989 | 1991 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 293 | 186 | 94% |
Jul 3, 2025
$480,000
Initial Listing