
Lancaster, California 93534
This Updated Single-Family Residence is a Strong Value Opportunity, listed at $340,000—positioned well below the $374,338 Fair Market Value by 9%. This valuation gap offers $34,338 in Instant Equity for the incoming owner. Despite a Fair Condition Rating reflecting its 1955 origins, the home boasts a modernized interior with new paint, granite countertops, and a spacious 4-bedroom layout. The 6,765 square foot lot provides ample space for recreation near Mariposa Elementary. This is an ideal entry point for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 724 W Avenue H10 Subject | $340,000* List Price | 4 | 2 | 1,312 | $285 | - |
A 45826 Desert Springs Sold | $318,000 | 4 | 2 | 1,399 | $227 | 0.5 mi |
B 734 W Avenue H2 Sold | $420,000 | 4 | 2 | 1,389 | $302 | 0.5 mi |
C 1029 W Avenue H5 Sold | $340,000 | 3 | 2 | 1,118 | $304 | 0.8 mi |
D 621 W Avenue H12 Sold | $325,000 | 3 | 1 | 1,058 | $307 | 0.9 mi |
E 45505 13th Street W Sold | $381,500 | 3 | 2 | 1,241 | $307 | 0.5 mi |
F 1017 W Avenue H8 Active | $423,000 List Price | 4 | 2 | 1,316 | $321 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the property features recent cosmetic updates including new interior paint and granite countertops. While the listing describes it as move-in ready, the kitchen cabinets and appliances are dated, the bathroom fixtures are basic, and the exterior shows deferred maintenance with an overgrown lawn. It meets the 'Fair' criteria as an aged home with functional but outdated major components.
The property is move-in ready with recent updates, including new paint and a modernized interior, saving buyers immediate renovation costs and effort.
Featuring four bedrooms and an open floor plan, this home maximizes its 1,312 square feet to provide a spacious and versatile living environment for families.
The 6,765 square foot lot offers significant outdoor space for recreation, gardening, or potential future property enhancements in a residential setting.
Built in 1955, the home may have underlying infrastructure or utility systems that require more frequent maintenance compared to a modern build.
The assigned public schools carry lower performance ratings (2-3 out of 10), which may impact appeal for education-focused families and long-term resale value.
beautiful updated 4 bedrooms + 2 bath - open floor plan - specious living room - new paint - large lot - move in ready
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 63% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,312 | 1,364 | 46% |
| Lot Size | 6,765 | 7,000 | 42% |
| Price | $340.0K | $400.0K | 19% |
| Price per sq ft | $259 | $295 | 28% |
| Built year | 1955 | 1956 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 24 | 166 | 1% |
Mar 29, 2026
$340,000
Initial Listing
Apr 18, 2011
$55,000
Public Record