38342 5th Place W, Palmdale, California 93551, Palmdale, 93551 - 3 bed, 2 bath
ACTIVE$516,000
38342 5th Place W, Palmdale, California 93551
3Beds
2Baths
1,772Sqft
7,141Lot
Price Vs. Estimate
The estimated value ($516,000) is $0 (0%) lower than the list price ($516,000). 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 = 7141, living area = 1772.
Top Cons:
Property Age & Potential Updates: Built in 1980, the property is over four decades old, which may imply a need for updates to major systems (e.g., HVAC, plumbing, electrical) and general cosmetic renovations.
Compared to the nearby listings
Price:$516.0K vs avg $625.0K ($-109,000)18%
Size:1,772 sqft vs avg 2,348 sqft23%
Price/sqft:$291 vs avg $27363%
More Insights
Built in 1980 (45 years old).
Condition: The property, built in 1980, is move-in ready and appears well-maintained. The kitchen features updated white shaker-style cabinets, stainless steel appliances, and granite-look countertops, indicating a renovation within the last 10-15 years. The bathroom also shows updates with a modern vanity and fixtures, though the shower tile style suggests a renovation in a similar timeframe. While not a brand-new, high-end renovation, these updates are substantial enough to provide a functional and aesthetically pleasing living space without immediate major repairs or renovations.
Year Built
1980
Close
-
List price
$516K
Original List price
$539K
Price/Sqft
$291
HOA
-
Days on market
-
Sold On
-
MLS number
SR25141686
Home ConditionGood
Features
Patio
View-
About this home
Excellent for first time buyers or investors, located at the heart of Palmdale. Features 3 bedrooms and 2 bathrooms, and a large spacious loft with fireplace on second level which can be used for entertainment or relaxation
Condition Rating
Good
The property, built in 1980, is move-in ready and appears well-maintained. The kitchen features updated white shaker-style cabinets, stainless steel appliances, and granite-look countertops, indicating a renovation within the last 10-15 years. The bathroom also shows updates with a modern vanity and fixtures, though the shower tile style suggests a renovation in a similar timeframe. While not a brand-new, high-end renovation, these updates are substantial enough to provide a functional and aesthetically pleasing living space without immediate major repairs or renovations.
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 = 7141, living area = 1772.
Broad Market Appeal: Explicitly marketed as 'Excellent for first time buyers or investors,' indicating a wide potential buyer pool and versatile investment opportunity.
Central Location: Situated 'at the heart of Palmdale,' suggesting convenient access to local amenities, services, and community hubs.
Functional Layout: Offers a practical 3-bedroom, 2-bathroom configuration within 1772 sqft, suitable for family living or rental income.
Versatile Loft Space: Features a 'large spacious loft with fireplace' on the second level, providing an additional flexible area for entertainment or relaxation.
Recent Price Adjustment: The listing price has been reduced from $539,000 to $516,000, potentially offering a more attractive entry point and value for prospective buyers.
Cons
Property Age & Potential Updates: Built in 1980, the property is over four decades old, which may imply a need for updates to major systems (e.g., HVAC, plumbing, electrical) and general cosmetic renovations.
Lack of Modern Renovations: The description does not highlight any recent upgrades or modernizations to key areas like the kitchen or bathrooms, suggesting potentially dated interiors.
Absence of Scenic Views: The property explicitly states 'view:None,' which could be a drawback for buyers prioritizing aesthetic outdoor perspectives or premium views.