Score
0Palmdale, CA
37146 57th St E
479K
4 beds
2 baths
1,600 sqft
4 bd • 2 ba • 1,600 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$479,000
Price/Sq.Ft
$299
Year Built
1994
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This property offers excellent value at $299.38/sqft, which is significantly below the Palmdale average of $330/sqft for similar homes. The 1,600 sqft layout is spacious and in line with the area's average for 4-bedroom homes. Recent upgrades add substantial value: new kitchen ($15,000-$20,000), updated bathrooms ($10,000-$15,000), new AC condenser ($3,500-$5,000), and an upgraded electrical panel ($1,500-$2,500). The addition of energy-efficient solar panels could save $1,200-$1,800 annually on utility costs. The property has shown strong appreciation, increasing 52.1% since its last sale in 2020, outperforming the Palmdale market average of 35% for the same period. The single-story design is highly desirable, especially for families and older buyers. The home's location near shopping centers, schools, and freeway access enhances its appeal and potential for future appreciation.
The Bad
The property's location in Palmdale comes with some challenges. The local schools have below-average ratings (3-4/10), which may deter families with school-age children. The median income in the area ($73,074) is lower than the California average ($78,672), which could impact future appreciation. The home's age (built in 1994) means some systems and appliances may need replacement in the near future, despite recent upgrades. The lack of a pool, which is common in many Palmdale homes due to the hot climate, could be seen as a drawback for some buyers. The property's rapid price increase (52.1% since 2020) may raise concerns about affordability and potential market corrections.
The Ugly
Palmdale's location in the high desert brings significant climate challenges. Extreme temperatures can lead to high energy costs, potentially offsetting savings from solar panels. The area's air quality issues, with an average AQI of 108 (unhealthy for sensitive groups), could pose health risks and affect outdoor enjoyment. Water scarcity is a critical issue in Palmdale, with potential for usage restrictions and rising costs. The property's proximity to active fault lines increases earthquake risk, necessitating additional insurance costs (estimated $500-$1,500 annually). The rapid appreciation since 2020 (52.1%) far outpaces local income growth, raising concerns about a potential market bubble and future price stability.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for first-time homebuyers or young families with a household income of $100,000-$120,000, based on the home's price and estimated monthly costs. It suits buyers who prioritize energy efficiency and modern amenities, given the recent upgrades and solar panels. The single-story layout and playground make it perfect for families with young children or buyers planning to age in place. Investors could also find value, with potential rental income of $3,510/month for a 4-bedroom home in Palmdale, yielding a gross rental yield of around 8.8%.
Not For
This property is not suitable for buyers seeking top-rated schools, given the below-average local school ratings. Luxury home buyers or those requiring high-end amenities like a pool or expansive lot size may find the property lacking. It's not ideal for buyers sensitive to air quality issues or extreme temperatures, given Palmdale's climate challenges. The property may not suit investors looking for immediate high cash flow, as the recent price appreciation has outpaced rental rate increases.
Demographics
Area Median Income
$73,074
Property History
Price History
Ownership Timeline
$0Cash Purchase
Feb 3, 2020Eleanor Maria SolorzanoJesse Anthony Solorzano
Intrafamily Transfer
Non-Arm's Length Transactions
$315,000Financed
Feb 3, 2020Jesse Anthony SolorzanoDavid Leyton, Heidy Melissa Canales Navarro
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jul 13, 2009Eleanor Maria SolorzanoJesse Anthony Solorzano
Intrafamily Transfer
Non-Arm's Length Transactions
$199,000Financed
Oct 23, 2008Consumer Solutions Reo LlcEleanor Maria Solorzano
Grant Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
May 14, 2008Equity One Inc, Nomura Home Equity Loan IncConsumer Solutions Reo Llc
Quit Claim Deed
Non-Arm's Length Transactions
$301,500Cash Purchase
Sep 28, 2007Mariz CruzEquity One Inc, Nomura Home Equity Loan Inc
Trustees Deed
Foreclosure
$362,000Financed
Aug 18, 2006Dave S Beswick, Becky L BeswickMaria Cruz
Grant Deed
Standard Sale (Purchase/Resales)
$121,500Financed
Jul 25, 1994M J Brock & Sons IncDave S Beswick, Becky L Beswick
Grant Deed
Standard Sale (Purchase/Resales)
Property Taxes
$5,236
2024 Tax Assessment
0.6%from previous year
Assessed Value$337,739
Tax Rate1.55%
Sunlight Analysis
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Sunlight Analysis
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Schools
Details about nearby schools in this area
Financials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,700
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$479,000
Price/sqft
$299
Layout
4 bd•2 ba
Days on market
2 daysat time of analysis
Stats in the Area
Based on 6 comparable properties nearby
Average Price
$462,500
3.6%
Your price is 3.6% above average
Median Price
$485,000
1.2%
Based on 6 recent sales
Price per Sq.Ft
$304
1.5%
Your price is 1.5% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 6133 Katrina Place, Palmdale, CA 93552 | $420,000 | 1,834 | 4 | 2 | $22923.5% | 11/22/2024 |
| 5720 Barcelona Drive, Palmdale, CA 93552 | $485,000 | 1,616 | 4 | 2 | $3000.3% | 10/2/2024 |
| 37063 Golden Oak Drive, Palmdale, CA 93552 | $490,000 | 1,600 | 4 | 2 | $3062.3% | 9/23/2024 |
| 37063 Golden Oak Drive, Palmdale, CA 93552 | $490,000 | 1,600 | 4 | 2 | $3062.3% | 9/23/2024 |
| 37328 50th Street E, Palmdale, CA 93552 | $445,000 | 1,306 | 4 | 2 | $34113.8% | 11/16/2024 |
| 37328 E 50th Street, Palmdale, CA 93552 | $445,000 | 1,306 | 4 | 2 | $34113.8% | 11/15/2024 |
6133 Katrina Place, Palmdale, CA 93552
Price: $420,000
Sq.Ft: 1,834
Beds/Baths: 4/2
$/Sq.Ft:
$22923.5%
Sale Date: 11/22/2024
5720 Barcelona Drive, Palmdale, CA 93552
Price: $485,000
Sq.Ft: 1,616
Beds/Baths: 4/2
$/Sq.Ft:
$3000.3%
Sale Date: 10/2/2024
37063 Golden Oak Drive, Palmdale, CA 93552
Price: $490,000
Sq.Ft: 1,600
Beds/Baths: 4/2
$/Sq.Ft:
$3062.3%
Sale Date: 9/23/2024
37063 Golden Oak Drive, Palmdale, CA 93552
Price: $490,000
Sq.Ft: 1,600
Beds/Baths: 4/2
$/Sq.Ft:
$3062.3%
Sale Date: 9/23/2024
37328 50th Street E, Palmdale, CA 93552
Price: $445,000
Sq.Ft: 1,306
Beds/Baths: 4/2
$/Sq.Ft:
$34113.8%
Sale Date: 11/16/2024
37328 E 50th Street, Palmdale, CA 93552
Price: $445,000
Sq.Ft: 1,306
Beds/Baths: 4/2
$/Sq.Ft:
$34113.8%
Sale Date: 11/15/2024
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