566 E Avenue R8, Palmdale, California 93550, Palmdale, 93550 - 3 bed, 2 bath
566 E Avenue R8
Palmdale, California 93550
Property Price
SUMMARY
Analysis of 566 E Avenue R8, Palmdale, California 93550 reveals a property with a current list price of $499,000, which is 12% above the estimated $434,719 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 |
|---|---|---|---|---|---|---|
★ 566 E Avenue R8 Subject | $499,000* List Price | 3 | 2 | 1,229 | $354 | - |
A 1116 E Ave R Sold | $415,000 | 3 | 2 | 1,350 | $307 | 0.7 mi |
B 37707 Dixie Drive Sold | $465,000 | 3 | 2 | 1,470 | $316 | 0.6 mi |
C 206 Tahquitz Place Sold | $430,000 | 3 | 2 | 1,346 | $319 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988, this home is 36 years old. While the kitchen features updated Corian countertops and some stainless steel appliances (range, microwave), the cabinets appear older and the dishwasher is dated. The bathrooms are functional but show their age with basic vanities and older tile. The flooring is a wood-look tile/laminate throughout, which is durable but not the 'hardwood' described. The property is maintained and move-in ready, but many components are outdated and would benefit from further modernization and cosmetic updates, particularly in the bathrooms and landscaping.
PROSSTRENGTHS & OPPORTUNITIES
- Updated Kitchen
The chef's kitchen has been thoughtfully updated with Corian countertops and features an open, flowing floor plan, enhancing its modern appeal and functionality.
- Desirable Interior Features
The home boasts elegant hardwood flooring throughout and a charming fireplace, adding warmth and aesthetic value.
- Open Floor Plan
An open, flowing floor plan is ideal for entertaining and comfortable family living, promoting a spacious and connected atmosphere.
CONSRISKS & DEFICIENCIES
- Overpriced Relative to Market Estimate
The current listing price is 12% higher than the estimated property value, which may make it less competitive in the market.
- Lack of Mentioned Cooling System
While a fireplace is mentioned for warmth, there is no explicit mention of a cooling system, which could be a significant drawback in Palmdale's hot climate.
- Property Age
Built in 1988, the home is 36 years old, suggesting that some systems or components beyond the kitchen may be original and could require future maintenance or upgrades.
About 566 E Avenue R8
Welcome to Palmdale, CA! This beautiful home offers 3 bedrooms and 2 bathrooms, perfect for comfortable family living. Enjoy the warmth of a charming fireplace and the elegance of hardwood flooring throughout. The chef’s kitchen has been thoughtfully updated with Corian countertops and features an open, flowing floor plan, ideal for entertaining or spending quality time with loved ones. Conveniently located just minutes from the freeway and shopping, this home combines comfort, style, and accessibility. Don’t miss your chance to make this home yours! All Offers Welcome.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 6,949 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 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,229 | 1,519 | 27% |
| Lot Size | 6,949 | 7,163.5 | 34% |
| Price | $499.0K | $455.0K | 64% |
| Price per sq ft | $406 | $300 | 91% |
| Built year | 1988 | 1985 | 60% |
| HOA | $0 | $0 | 50% |
| Days on market | 148 | 190 | 28% |
Pricing History
Listed for Sale
Oct 9, 2025
$499,000
Initial Listing