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

44632 Fern Avenue, Lancaster, California 93534 home-pic-0
ACTIVE$479,000
44632 Fern Avenue, Lancaster, California 93534
0Bed
0Bath
1,700Sqft
8,890Lot

Price Vs. Estimate

The estimated value ($446,930.19) is $32,069.81 (6%) lower than the list price ($479,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Development Potential: The large lot offers significant multi-unit development potential, including approved permits for a Junior ADU and room for an additional 3-unit structure, supported by existing sewer layout, making it ideal for investors.
Top Cons:
Age of Property: Built in 1950, the property's age, despite recent system upgrades, may still imply older infrastructure or require further modernization in other areas.

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: Built in 1950, this property has seen significant upgrades to major systems including newer dual-panel windows, sewer line, water heater, and roof, which are positive. However, the interior, particularly the kitchen and bathroom, are very dated. The kitchen features original-style white painted cabinets, older laminate countertops, and appliances that are not modern. The bathroom is extremely dated with a small pedestal sink, older faucet, and worn shower tiles. While the property is described as 'clean and move-in ready' and appears functional, the overall aesthetic, flooring (mix of older carpet and laminate), and fixtures are outdated and would require substantial cosmetic renovations to meet current standards. The updated major systems prevent a 'Poor' rating, but the highly dated interior finishes place it firmly in the 'Fair' category, requiring minor to moderate updates.
Year Built
1950
Close
-
List price
$479K
Original List price
$485K
Price/Sqft
$282
HOA
-
Days on market
-
Sold On
-
MLS number
SR25218283
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
Built in 1950, this property has seen significant upgrades to major systems including newer dual-panel windows, sewer line, water heater, and roof, which are positive. However, the interior, particularly the kitchen and bathroom, are very dated. The kitchen features original-style white painted cabinets, older laminate countertops, and appliances that are not modern. The bathroom is extremely dated with a small pedestal sink, older faucet, and worn shower tiles. While the property is described as 'clean and move-in ready' and appears functional, the overall aesthetic, flooring (mix of older carpet and laminate), and fixtures are outdated and would require substantial cosmetic renovations to meet current standards. The updated major systems prevent a 'Poor' rating, but the highly dated interior finishes place it firmly in the 'Fair' category, requiring minor to moderate updates.
Pros & Cons

Pros

Exceptional Development Potential: The large lot offers significant multi-unit development potential, including approved permits for a Junior ADU and room for an additional 3-unit structure, supported by existing sewer layout, making it ideal for investors.
Major System Upgrades Completed: Key systems such as the sewer line, water heater, and roof have been recently upgraded, significantly reducing immediate capital expenditures and maintenance concerns for the buyer.
Move-in Ready & Modernized Features: The property is clean, move-in ready, and features new dual-panel windows, installed security cameras, and well-maintained yards, enhancing immediate appeal and comfort.
Interior Space & Renovation Upside: Boasts a larger-than-average kitchen, spacious bedrooms, and original natural wood flooring under carpets, offering both comfortable living and future renovation value.
Strategic Location & Appreciation Potential: Located just blocks from the gentrifying Lancaster Blvd, positioning the property for potential neighborhood improvements and long-term value appreciation.

Cons

Age of Property: Built in 1950, the property's age, despite recent system upgrades, may still imply older infrastructure or require further modernization in other areas.
Listing Price Discrepancy: The current listing price of $479,000 is significantly higher than the estimated property value of $424,090, which could suggest overpricing and impact buyer perception or financing.
Absence of Central Cooling: While ceiling fans are mentioned, the description does not indicate the presence of a central air conditioning system, which could be a notable drawback in Lancaster's hot climate.

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