5854 Madrid Court, Palmdale, California 93552, Palmdale, 93552 - 3 bed, 2 bath
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Palmdale, California 93552
This Single-Story Residential Home is a Strong Value Opportunity, listed at $500,000—positioned well above the $478,509 Fair Market Value by 4%. While priced slightly above market, the property offers significant financial accessibility through $20,000 in grants and zero-down payment programs. Featuring a Good Condition Rating with recent cosmetic updates, this home includes a private patio and an open-concept layout. With no HOA or Mello Roos, it provides low monthly overhead. This is an ideal acquisition for first-time buyers or owner-occupants seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5854 Madrid Court Subject | $500,000* List Price | 3 | 2 | 1,560 | $307 | - |
A 5538 Katrina Sold | $465,000 | 3 | 2 | 1,529 | $304 | 0.6 mi |
B 37152 57th E Sold | $515,000 | 3 | 3 | 1,671 | $308 | 1.0 mi |
C 5126 Karling Pl Sold | $540,000 | 4 | 3 | 1,737 | $311 | 1.0 mi |
D 5765 Saint Laurent Drive Sold | $500,000 | 3 | 2 | 1,840 | $272 | 0.2 mi |
E 37702 50th Street E Active | $488,000 List Price | 3 | 2 | 1,495 | $326 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although the property was built in 1994 (30 years old), it has undergone a recent cosmetic renovation including new laminate flooring, fresh interior and exterior paint, and updated cabinetry finishes. The home is move-in ready and well-maintained; while the kitchen appliances and bathroom fixtures appear dated, the overall condition exceeds the 'Fair' category due to the recent updates.
The property qualifies for up to $20,000 in grants and zero-down payment programs, providing a massive advantage for first-time buyers or those with limited upfront capital.
The absence of HOA fees and Mello Roos tax bonds ensures lower monthly carrying costs and greater long-term affordability compared to many neighboring developments.
The functional 1,560 sqft single-story floor plan features an open-concept living area and a primary suite with a walk-in closet, offering high utility and accessibility.
The property listing indicates no specific views, which may be a drawback for buyers prioritizing the aesthetic appeal of Palmdale's mountain or desert landscapes.
With only three bedrooms, the home may not accommodate larger families or those requiring multiple dedicated home offices, potentially narrowing the pool of interested buyers.
***Attention Buyers this property qualifies for Grants up to $20,000 and Zero Percent Down payment programs*** Great opportunity to purchase a single-story, single-family home, with no HOA and no Mello Roos tax bonds! This beautiful home features an open floor plan with the living room and the dining room in one open space. A kitchen that opens to the family room with cozy fireplace and an additional living room. A primary suite bedroom and bathroom, the bathroom features a dual vanity and sinks, and a privacy door leading to the shower/tub combo, and a walk-in closet for great storage space. The 2 car garage has direct access to the house. In the backyard you'll notice a patio cover to enjoy the outdoors.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 41% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,560 | 1,925 | 27% |
| Lot Size | 6,683 | 7,084 | 22% |
| Price | $500.0K | $500.0K | 50% |
| Price per sq ft | $321 | $270 | 84% |
| Built year | 1994 | 1990 | 63% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 145 | 2% |
May 8, 2026
$500,000
Initial Listing
Apr 21, 2022
$455,000
Public Record
Aug 31, 2018
$300,000
Public Record