7273 Ojai Drive, Palmdale, California 93551, Palmdale, 93551 - 4 bed, 3 bath

7273 Ojai Drive, Palmdale, California 93551 home-pic-0
ACTIVE$679,000
7273 Ojai Drive, Palmdale, California 93551
4Beds
3Baths
3,037Sqft
13,388Lot

Price Vs. Estimate

The estimated value ($603,839.18) is $75,160.82 (11%) lower than the list price ($679,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13388, living area = 3037.
Top Cons:
Pricing Above Market Estimate: The current list price is 6% higher than the property's estimated value, which may impact market competitiveness and could necessitate a price adjustment to attract a wider buyer pool.

Compared to the nearby listings

Price:$679.0K vs avg $625.0K (+$54,000)68%
Size:3,037 sqft vs avg 2,350 sqft82%
Price/sqft:$224 vs avg $27216%

More Insights

Built in 1996 (29 years old).
Condition: Built in 1996, this property is well-maintained with a newer HVAC system, but the kitchen and bathrooms feature original or dated elements such as oak cabinets, white tile countertops, and older fixtures. While functional and clean, these areas require significant cosmetic updates to meet current buyer preferences, placing it in the 'fair' category.
Year Built
1996
Close
-
List price
$679K
Original List price
$679K
Price/Sqft
$224
HOA
-
Days on market
-
Sold On
-
MLS number
SR25256992
Home ConditionFair
Features
Good View: Valley
Patio
ViewValley

About this home

**Beautiful Valley Views in quiet West Palmdale** Welcome to this gorgeous West Palmdale home offering over 3,000 sq. ft. of comfortable and elegant living space, perfectly situated in a quiet, family-friendly, neighborhood. This home truly offers the perfect blend of comfort, space, and West Palmdale charm—Offering 4 Bedrooms & 2.5 bath this ''Family Vibe'' nugget is ideal for raising a family and creating lasting memories. From the moment you enter the beautiful foyer, you'll appreciate the thoughtful design and spacious layout. Enjoy formal living and dining rooms ideal for entertaining, along with a large kitchen with ample storage and center island that open into a spacious family room featuring a fireplace to add a comfortable ambience. The downstairs also includes a ''builders special design'' private office with a convenient half bath. Upstairs, the expansive primary suite offers privacy and a large ensuite bath with valley views and plenty of natural light. Three additional spacious bedrooms and a versatile bonus room provide plenty of room for additional guests, den, or gym. Step outside to a beautifully covered patio—perfect for relaxing, entertaining, or envisioning your dream backyard with space for a pool, batting cage, or outdoor retreat. The property also features paved and gated RV access with full hookups and dump station—ideal for adventurers and travelers. Additional highlights include a newer upgraded HVAC system, no Mello-Roos or HOA fees, and an assumable 3.25% FHA loan opportunity for qualified buyers.

Price History

Date
Event
Price
03/28/97
Sold
$195,000
Condition Rating
Fair

Built in 1996, this property is well-maintained with a newer HVAC system, but the kitchen and bathrooms feature original or dated elements such as oak cabinets, white tile countertops, and older fixtures. While functional and clean, these areas require significant cosmetic updates to meet current buyer preferences, placing it in the 'fair' category.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13388, living area = 3037.
Assumable FHA Loan: The availability of an assumable 3.25% FHA loan presents a significant financial advantage for qualified buyers, offering substantial savings on interest rates in the current market.
Spacious & Versatile Layout: Boasting over 3,000 sq. ft. with 4 bedrooms, 2.5 baths, formal living/dining, a private office, and a versatile bonus room, this home offers ample and flexible living space ideal for a growing family.
Exceptional Outdoor Amenities: The property features a beautifully covered patio, a large lot with potential for a pool or other recreational features, and valuable paved/gated RV access with full hookups and a dump station.
Financial & Community Benefits: Enjoy the financial advantages of no Mello-Roos or HOA fees, coupled with a desirable quiet, family-friendly West Palmdale neighborhood and pleasant valley views.
Modern HVAC System: A newer upgraded HVAC system provides enhanced comfort and efficiency, reducing immediate concerns for a major home system.

Cons

Pricing Above Market Estimate: The current list price is 6% higher than the property's estimated value, which may impact market competitiveness and could necessitate a price adjustment to attract a wider buyer pool.
Potential for Dated Interior Finishes: Built in 1996, some interior elements, particularly in bathrooms and potentially the kitchen's aesthetic, may be original or dated, suggesting a need for cosmetic updates to align with contemporary buyer preferences.
Limited Energy Efficiency Beyond HVAC: While the HVAC system is upgraded, the description does not highlight other modern energy-efficient features such as solar panels, updated windows, or enhanced insulation, which are increasingly sought after by buyers.

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