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41051 Summit Place, Palmdale, California 93551, Palmdale, 93551 - 4 bed, 3 bath

41051 Summit Place, Palmdale, California 93551 home-pic-0
ACTIVE UNDER CONTRACT$625,000
41051 Summit Place, Palmdale, California 93551
4Beds
3Baths
2,202Sqft
21,340Lot

Price Vs. Estimate

The estimated value ($579,766.085) is $45,233.915 (7%) lower than the list price ($625,000). This property may be overpriced.

Key pros and cons

Top Pros:
Gated Community with Low HOA: Located within the desirable Renaissance at Quartz Hill gated community, offering privacy and security with a very low monthly HOA fee.
Top Cons:
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $730,000 to $625,000, which may indicate initial overpricing or market adjustments.

Compared to the nearby listings

Price:$625.0K vs avg $625.0K (+$0)50%
Size:2,202 sqft vs avg 2,348 sqft43%
Price/sqft:$284 vs avg $27358%

More Insights

Built in 1990 (35 years old).
Condition: Built in 1990, this property is well-maintained and move-in ready. However, the kitchen and bathrooms, while functional and clean, feature styles (e.g., cream-colored traditional cabinets, dark countertops, earthy-toned tile backsplashes and flooring, black appliances, and dated light fixtures) that suggest renovations were likely completed 15-20 years ago. These elements, though in good condition, are outdated by current standards and would require minor cosmetic updates to achieve a more contemporary aesthetic. The overall condition aligns with a 'Fair' rating, indicating an aged but maintained home where major components are functional but show signs of being outdated.
Year Built
1990
Close
-
List price
$625K
Original List price
$730K
Price/Sqft
$284
HOA
$127
Days on market
-
Sold On
-
MLS number
V1-28834
Home ConditionFair
Features
Good View: None
Patio
View-

About this home

Welcome to the gated community known as the Renaissance at Quartz Hill. As you approach the front entrance of this lovely home you are greeted by a small private courtyard. Once you enter, you'll discover all this stunning 4-bedroom, 2.5-bath residence has to offer. Situated on a spacious corner lot, this move-in ready home boasts a wonderful floor plan designed for enjoyment. With both a large living/dining room as well as an oversized family room there is plenty of space to entertain family & friends. The kitchen space has a layout that the most discerning cook would appreciate. This would include plenty of counter space, all appliances as well as ample cabinet & pantry storage. In addition to the formal dining area, you also have a cozy breakfast nook within the kitchen area. The window placement throughout this home allows for an abundance of natural light. The main bedroom is quite large with plenty of closet space as well as an oversized bathroom suite. Each of the remaining bedrooms is too amply sized. Not to be missed is the most relaxing back covered patio area and expansive backyard. Complete with raised planting beds as well as mature trees and surrounding lush landscape, this is the perfect oasis for relaxation. Lastly, you will appreciate the 3-car garage and extended driveway. There is also the possibility of additional parking for your boat or toys on the side of the property. This private community is a fantastic place to call home with a very low HOA. With all this home has to offer, it will not last long in this market!

Nearby schools

5/10
Rancho Vista Elementary School
Public,•K-6•1.1mi
7/10
Hillview Middle School
Public,•6-8•1.2mi
6/10
Quartz Hill High School
Public,•9-12•2.3mi
Condition Rating
Fair
Built in 1990, this property is well-maintained and move-in ready. However, the kitchen and bathrooms, while functional and clean, feature styles (e.g., cream-colored traditional cabinets, dark countertops, earthy-toned tile backsplashes and flooring, black appliances, and dated light fixtures) that suggest renovations were likely completed 15-20 years ago. These elements, though in good condition, are outdated by current standards and would require minor cosmetic updates to achieve a more contemporary aesthetic. The overall condition aligns with a 'Fair' rating, indicating an aged but maintained home where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Gated Community with Low HOA: Located within the desirable Renaissance at Quartz Hill gated community, offering privacy and security with a very low monthly HOA fee.
Spacious & Functional Layout: This 4-bedroom, 2.5-bath residence features a wonderful floor plan with distinct living, dining, and oversized family rooms, providing ample space for entertaining and daily living.
Expansive & Landscaped Backyard: Situated on a spacious corner lot, the property boasts an expansive, lushly landscaped backyard with a covered patio and raised planting beds, creating a private oasis.
Ample Parking & Storage: Includes a 3-car garage and an extended driveway, with potential for additional side parking suitable for a boat or recreational vehicles.
Move-in Ready with Well-Appointed Kitchen: The home is move-in ready, featuring a kitchen designed for discerning cooks with abundant counter space, all appliances, and ample cabinet and pantry storage, plus a cozy breakfast nook.

Cons

Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $730,000 to $625,000, which may indicate initial overpricing or market adjustments.
Lack of Views: The property description explicitly states 'None' for views, which could be a drawback for buyers prioritizing scenic outlooks.
Priced Above Estimated Value: The current listing price of $625,000 is approximately 5% higher than the estimated property value of $592,719.17, potentially impacting buyer perception of value.

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