
Phelan, California 92371
This Spacious Country Residence represents a Strong Value Opportunity, listed at $450,000—positioned well below the $450,249 Fair Market Value by 0.05%. Featuring a 2.04-acre lot with panoramic mountain views, the home offers a Fair Condition Rating with recent capital improvements including a newer roof and A/C. While the interior remains dated, the expansive land provides significant potential for equestrian use or hobby farming. This property is an ideal acquisition for Owner-Occupants seeking rural lifestyle freedom or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8650 Cowberry Subject | $450,000* List Price | 3 | 2 | 1,623 | $277 | - |
A 8417 Ailanthus Sold | $420,000 | 4 | 2 | 1,256 | $334 | 0.6 mi |
B 4875 Sunnyslope Sold | $430,000 | 4 | 2 | 1,300 | $331 | 0.5 mi |
C 8225 Ailanthus Sold | $520,000 | 3 | 3 | 2,185 | $238 | 0.7 mi |
D 8623 Gobi Road Active | $384,900 List Price | 3 | 2 | 1,330 | $289 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1994 (30 years old), placing it in the 'Fair' age bracket. While it features critical system upgrades like a newer roof and A/C, the interior remains dated with 1990s-style tile, wallpaper, and cabinetry. It is functional and move-in ready but requires cosmetic updates to the kitchen and baths to move out of the dated category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 88862, living area = 1623.
The property features over two acres of fully fenced land, offering immense versatility for equestrian use, RV parking, and outdoor recreation.
With a newer roof and a recently updated A/C system, the home provides significant value and reduced immediate maintenance costs for the buyer.
At 1,623 square feet, the home's interior living space may feel limited for buyers seeking a larger residence to match the expansive two-acre lot.
While offering a peaceful retreat, the Phelan location may be considered too remote for those requiring frequent access to major metropolitan hubs or urban amenities.
Welcome to your own piece of Phelan paradise! Nestled on 2.04 fully fenced acres with breathtaking mountain and valley views, this inviting 3-bedroom, 2-bath home offers 1,623 square feet of comfortable country living with the space, versatility, and freedom today's buyers are seeking. Step inside to a warm and welcoming interior featuring abundant natural light, a cozy fireplace, and a spacious kitchen complete with impressive stainless steel appliances—perfect for everyday living or entertaining. Recent upgrades include a newer roof and newer A/C system, providing added comfort and peace of mind. A generous mudroom and laundry area with direct outdoor access makes country living practical and convenient, while both bathrooms feature large soaking tubs for the perfect place to relax and unwind. The outdoor amenities truly set this property apart. The fully fenced 2.04-acre lot, including a separate fenced yard, provides endless possibilities for pets, gardening, entertaining, or recreation. With ample space for horses, corrals, livestock, RV parking, trailers, and all your toys, this property is ideal for equestrian enthusiasts, hobby farmers, small business owners, or anyone simply looking for room to spread out. Multiple storage sheds and outbuildings add functionality, while the expansive acreage offers opportunities for gardens, chickens, dirt bikes, ATVs, or even your own private riding arena. Whether you're dreaming of a mini ranch, horse property, or a peaceful retreat where you can live, work, and play, this exceptional property offers endless potential. Conveniently located with easy access to Highway 138 and just minutes from the highly regarded Heritage Charter School, 8650 Cowberry Road delivers the best of rural living without sacrificing convenience.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,623 | 1,564 |
| Lot Size | 88,862 | 95,396 |
| Price | $450.0K | $481.1K |
| Price per sq ft | $277 | $245 |
| Built year | 1994 | 1991 |
| HOA | $0 | $0 |
| Days on market | 4 | 91 |
Jul 18, 2026
$450,000
Initial Listing
Feb 10, 2025
$450,000
Public Record