
Frazier Park, CA 93225
This property presents a High-Potential Investment Opportunity with a List Price of $399,900—positioned well below the $376,947 Fair Market Value by -6%. While the home maintains a Fair Condition Rating, the inclusion of an additional R-1 Lot and an Unfinished Basement provides significant upside for forced appreciation. The property features Mountain Views and a Deck, offering a unique blend of lifestyle and development potential. This is a strategic acquisition ideal for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6436 Ivins Subject 4 bd · 2 ba · 1,728 sqft · $218 | $399,900* List Price | 4 | 2 | 1,728 | $218 | - |
A 6505 Lowry Sold 2 bd · 2 ba · 1,176 sqft · $247 · 0.1 mi | $290,000 | 2 | 2 | 1,176 | $247 | 0.1 mi |
B 6537 Lakewood Drive Active 2 bd · 2 ba · 1,356 sqft · $286 · 0.1 mi | $388,000 List Price | 2 | 2 | 1,356 | $286 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the home is dated but functional. While it features recent cosmetic updates including new flooring, exterior paint, and a new stove/microwave, the kitchen and bathrooms remain largely original with 90s-style oak cabinetry and tile countertops. The presence of an unfinished basement and older primary systems aligns with the fair category.
The property includes an additional 4,350 sq ft R-1 lot with water and electric available, offering significant development potential or extra outdoor space for the price of one.
An unfinished, framed basement with high ceilings provides a unique opportunity to increase the home's livable square footage and overall market value.
The home features several recent updates, including new exterior paint, new kitchen appliances, and new garage steps, ensuring a well-maintained and move-in-ready appearance.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4537, other record lot size in square feet = 4356.
The basement area is currently unfinished and framed, requiring additional capital investment and construction effort to become functional living space.
Local schools are rated at a 4 and 5 out of 10, which may be a drawback for families prioritizing high-performing educational districts.
"Two lots, one great Price." 4BD/2BA mountain home on a 4,350 sq ft lot, sold with an additional 4,350 sq ft R-1 lot next door that has water and electric available (check with County). Extra lot has an older shed on the property, use it as an extra yard for storage. Recent updates are new stove and Microwave/hood, new exterior paint, and new steps to garage. Good views and mature shade trees. Extra-wide hallway separates the three bedrooms from the primary suite. Separate laundry room, and an oversized gas/wood-burning fireplace downstairs. 2-car garage opens to an unfinished, framed basement with high ceilings that isn't counted in the sq. ft. Approx. 10 minutes to l-5 on paved, plowed roads, approx. 45 minutes to Santa Clarita or Bakersfield. Trails for hiking, biking and ATV riding.
No exterior & parking available.
Grades K-4 • 3.1 mi
Grades 9-12 • 6.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.2 |
| Square foot | 1,728 | 1,436.625 |
| Lot Size | 4,537 | 7,459.063 |
| Price | $399.9K | $317.5K |
| Price per sq ft | $231 | $222 |
| Built year | 1991 | 1984 |
| HOA | $0 | $110 |
| Days on market | 4 | 122 |
Oct 20, 2026
$399,900
Initial Listing
Sep 29, 2021
$410,000
Public Record