941 W Oldfield, Lancaster, California 93534, Lancaster, 93534 - 1 bed, 1 bath
941 W Oldfield
Lancaster, California 93534
Property Price
SUMMARY
Analysis of 941 W Oldfield, Lancaster, California 93534 reveals a property with a current list price of $395,000, which is 16% above the estimated $338,463 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lancaster Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 941 W Oldfield Subject | $395,000* List Price | 1 | 1 | 844 | $401 | - |
A 1202 W Lumber Sold | $329,000 | 2 | 1 | 720 | $457 | 0.3 mi |
B 1024 W Newgrove Street Sold | $339,000 | 3 | 1 | 896 | $378 | 0.1 mi |
C 1414 W Jackman Street Sold | $360,000 | 3 | 1 | 1,048 | $344 | 0.8 mi |
D 44411 Kingtree Avenue Sold | $335,000 | 3 | 1 | 936 | $358 | 0.3 mi |
E 937 W Norberry Active | $329,000 List Price | 2 | 1 | 921 | $357 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is move-in ready and features significant recent capital improvements, including a new roof, remodeled bathroom, and updated kitchen counters and flooring. Although the home was originally built in 1920, the recent renovations to major systems and interior finishes meet modern standards for a well-maintained, functional residence without the need for immediate repairs.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 9010, living area = 844.
- ADU & Expansion Potential
The generous 9,007 sqft lot and detached garage provide significant opportunities for development, including the potential to build both an ADU and a Junior ADU to maximize property value.
- Recent Capital Improvements
The home features essential modern upgrades including a new roof, replaced windows, and remodeled kitchen and bathroom spaces, ensuring a move-in-ready experience for the buyer.
CONSRISKS & DEFICIENCIES
- Recently Sold Property
The property was recently sold within the past year on 2025-09-30. The sold price is $335,000.00.
- Limited Living Space
With only one formal bedroom and 844 square feet of interior space, the property's small footprint may limit its appeal to larger households or those requiring more storage.
- Century-Old Structure
Built in 1920, the home's age may present ongoing maintenance challenges or requirements for further infrastructure updates typical of properties over 100 years old.
About 941 W Oldfield
Looking for home in Lancaster generous 9,007 sqft. lot with endless possibilities designing your dream backyard or to consider to built an ADU, garage for 1 car detached with an extra space possibility to built a JR ADU. Featuring front porch recently remodeled and another porch on the back, as per assessors record shows 1 bedrooms and 1 bathroom, there is a den that can be use as home office , gym or second bedroom open living room, remodeled bathroom, new roof, new entrance doors, remodeled kitchen counter and kitchen flooring, replaced few windows ready to move in. Close to restaurants, shopping, markets, Performing Art Center and close to 14 Fwy.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 9,010 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 1% |
| Baths | 1.0 | 2.0 | 15% |
| Square foot | 844 | 1,375 | 3% |
| Lot Size | 9,010 | 6,995 | 79% |
| Price | $395.0K | $407.5K | 36% |
| Price per sq ft | $468 | $297 | 98% |
| Built year | 1920 | 1957 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 30 | 194 | 2% |
Pricing History
Listed for Sale
Feb 4, 2026
$395,000
Initial Listing
Sold
Sep 30, 2025
$335,000
Public Record
Sold
Mar 29, 2023
$299,000
Public Record
Sold
Dec 8, 2009
$37,000
Public Record
Sold
Oct 4, 2000
$42,000
Public Record