47516 20th Street E, Lancaster, California 93535, Lancaster, 93535 - 3 bed, 2 bath
ACTIVE$80,000
47516 20th Street E, Lancaster, California 93535
3Beds
2Baths
1,414Sqft
98,943Lot
Year Built
1957
Close
-
List price
$80K
Original List price
$98K
Price/Sqft
$57
HOA
-
Days on market
-
Sold On
-
MLS number
CV25047942
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $80.0K(1th), sqft - 1414(35th), beds - 3(49th), baths - 2(50th).
The housing property doesn't exist as the property was completely burned and what is being sold is the land. It has well water, property is on propane for gas, and a septic tank none in working condition. The land has no utilities. Drive-by only.
Price History
Date
Event
Price
10/29/25
Price Change
$80,000-9.1%
09/18/25
Price Change
$88,000
05/18/25
Listing
$98,000
Condition Rating
Tear down
The MLS description explicitly states that 'the housing property doesn't exist as the property was completely burned and what is being sold is the land.' The images confirm a completely destroyed structure, with only charred remains visible. Furthermore, the well water, propane, and septic tank are not in working condition, and the land has no utilities. This property is unlivable and requires demolition, with its value based solely on the land, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Expansive Land Parcel: The property boasts a substantial lot size of 98,943 sqft (2.27 acres), offering ample space for various development possibilities or enhanced privacy.
Development Opportunity: As a cleared site (due to the previous structure burning down), it provides a blank canvas for a custom-built home or other permitted structures without the expense of demolition.
Existing Utility Footprint: The presence of a well, septic tank, and propane tank, even if non-functional, indicates a pre-existing utility footprint that could potentially streamline future utility installation or repair compared to completely raw land.
Competitive Price Point: Listed at $80,000, the property offers a relatively accessible entry price for a large land parcel, especially considering its recent price reductions.
Potential for Customization: The absence of an existing structure allows for complete freedom in designing and building a new home tailored precisely to the buyer's preferences and needs.
Cons
No Habitable Residence: The property consists solely of land, requiring a complete new construction project as the previous housing structure was destroyed by fire.
Non-Operational Utilities: All existing utility infrastructure (well, septic, propane) is explicitly stated as not being in working condition, and there are no connected utilities, necessitating significant upfront investment for repair or installation.
High Development Costs & Complexity: Buyers must be prepared for substantial financial outlay and project management for site preparation, utility establishment, and the entire new home construction process.