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44632 Fern Avenue, Lancaster, California 93534, Lancaster, 93534 - 4 bed, 2 bath

44632 Fern Avenue, Lancaster, California 93534 home-pic-0
ACTIVE$479,000
44632 Fern Avenue, Lancaster, California 93534
4Beds
2Baths
1,700Sqft
8,890Lot

Price Vs. Estimate

The estimated value ($456,778.34) is $22,221.66 (4%) lower than the list price ($479,000). This property may be overpriced.

Key pros and cons

Top Pros:
Development & Investment Potential: The property offers significant investment opportunities with approved permits for a 660 sq ft Junior ADU and space for an additional 3-unit structure, supported by existing sewer layout.
Top Cons:
Age of Property: Built in 1950, the property's age, despite recent upgrades, may still imply older structural components or design elements that could require future attention.

Compared to the nearby listings

Price:$479.0K vs avg $428.8K (+$50,250)75%
Size:1,700 sqft vs avg 1,430 sqft71%
Price/sqft:$282 vs avg $30238%

More Insights

Built in 1950 (75 years old).
Condition: The property, built in 1950, is aged but has received significant functional updates including new dual-panel windows, a newer sewer line, water heater, and roof, making it move-in ready. However, the kitchen, while clean and spacious, features very dated white cabinets, basic countertops, and an older stove. The bathroom is notably outdated with older tiles, a basic wall-mounted sink, and a dated shower, indicating a lack of recent cosmetic renovation in these key areas. The flooring in living areas appears to be newer LVP, but the overall aesthetic in the kitchen and bathroom shows signs of being outdated, aligning with the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs are required.
Year Built
1950
Close
-
List price
$479K
Original List price
$500K
Price/Sqft
$282
HOA
-
Days on market
-
Sold On
-
MLS number
SR25190544
Home ConditionFair
Features
Patio
View-

About this home

Clean and move-in ready 4 Bds 2 Baths, with new dual-panel windows, security cameras installed, and well-maintained front and back yards for immediate appeal. Includes microwave, ceiling fans, stove, and washer. Major systems already upgraded: newer sewer line, water heater, and roof. Original natural wood flooring under carpet adds future renovation value. Sitting on a large lot, the property offers plenty of rear parking ideal for RV access or multi unit development. Existing sewer layout supports additional construction. Interior features a larger-than-average kitchen with ample cabinets and breakfast area. Spacious bedrooms. Just blocks from the gentrifying Lancaster Blvd, the home comes with approved permits to build a 660 sq ft Junior ADU at the detached garage. Also, the lot has a room to develop an additional 3-unit structure. Perfect opportunity for investors seeking immediate cash flow and long-term development potential. All the heavy lifting is done just collect rents or build out your vision!

Condition Rating
Fair
The property, built in 1950, is aged but has received significant functional updates including new dual-panel windows, a newer sewer line, water heater, and roof, making it move-in ready. However, the kitchen, while clean and spacious, features very dated white cabinets, basic countertops, and an older stove. The bathroom is notably outdated with older tiles, a basic wall-mounted sink, and a dated shower, indicating a lack of recent cosmetic renovation in these key areas. The flooring in living areas appears to be newer LVP, but the overall aesthetic in the kitchen and bathroom shows signs of being outdated, aligning with the 'Fair' category where major components are functional but show signs of being outdated, and minor updates or repairs are required.
Pros & Cons

Pros

Development & Investment Potential: The property offers significant investment opportunities with approved permits for a 660 sq ft Junior ADU and space for an additional 3-unit structure, supported by existing sewer layout.
Extensive System Upgrades: Major systems including newer sewer line, water heater, roof, and new dual-panel windows have been recently upgraded, reducing immediate capital expenditures for a buyer.
Move-in Ready & Well-Maintained: The home is clean, move-in ready, features security cameras, and boasts well-maintained front and back yards, offering immediate appeal.
Large Lot with RV Access: Sitting on a large lot, the property provides ample rear parking, ideal for RV access or other multi-vehicle needs.
Proximity to Gentrifying Area: Located just blocks from the gentrifying Lancaster Blvd, positioning the property for potential future appreciation and improved local amenities.

Cons

Age of Property: Built in 1950, the property's age, despite recent upgrades, may still imply older structural components or design elements that could require future attention.
Lack of Central Air Conditioning: Only ceiling fans are mentioned, suggesting the absence of central air conditioning, which could be a significant comfort drawback during Lancaster's hot summer months.
Potential Overpricing: The current listing price of $479,000 is above the estimated market value of $451,953.58, potentially indicating it is priced higher than current market expectations.

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