$420,000
SOLD APR 2, 2025

40924 159th St E Lancaster, CA 93535

4 Beds
2 Baths
1,300 Sq Ft
0.97 Acres

Recently Sold

$323 Per Sq Ft

5% Above List Price

20 Days on Market

Highlights

  • Horse Property
  • Living Room with Fireplace
  • No HOA
  • RV Access or Parking
  • Traditional Architecture
  • 1-Story Property

About This Home

As of April 2025

Charming Ranch Home in Lake Los Angeles - Perfect for Your Family and LifestyleNestled in a prime area of Lake Los Angeles, this spacious ranch home offers the perfect blend of comfort and versatility. Set on nearly one acre of land, this 4-bedroom, 2-bathroom property provides ample space for both relaxation and potential future development.The property features dual street access, with a fully fenced lot that offers privacy and security. Half of the fence is privacy fencing, ensuring peace and seclusion, while the other section splits the property into two distinct lots. This unique setup provides endless possibilities for expansion, such as building an Accessory Dwelling Unit (ADU) or further development.Enjoy the great outdoors with large shade trees and an above-ground pool, perfect for cooling off on hot summer days. There are two large dog runs, ideal for pet lovers, and the lot is perfect for horses, goats, chickens, or desert toys. For additional storage, a 10x12 woodshed is included, along with a 40-foot storage container.The home itself features a cozy living room with a fireplace, wood flooring, and updated light fixtures and mirrors throughout. The bathrooms have been updated with tile flooring, new toilets, and modern bidet attachments. The kitchen comes equipped with all stainless steel appliances, including a washer and dryer, making it move-in ready.Practicality meets convenience with an attached 2-car garage, a concrete driveway that accommodates up to 4 vehicles, and a newer AC system with a Wi-Fi-enabled thermostat for year-round comfort. Security cameras provide peace of mind, covering the entire property.Whether you're looking for a peaceful family retreat or a property with endless potential, this Lake Los Angeles ranch home offers it all. Don't miss your chance to own this versatile and beautiful property. Schedule your showing today!

Last Agent to Sell the Property

Angel Pelayo

Equity Smart Home Loans, inc. License #02101887 Listed on: 02/25/2025

Equity Smart Home Loans, inc.

Last Buyer's Agent

Melissa Gutierrez Reyes

Real Brokerage Technologies License #02249985

Real Brokerage Technologies

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1985

Lot Details

  • 0.97 Acre Lot
  • Property is zoned LCA11

Home Design

  • Traditional Architecture
  • Concrete Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace

Kitchen

  • Convection Oven
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • RV Access or Parking

Additional Features

  • Horse Property
  • Septic System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3069-014-006

Home Details

Home Type

Single Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Co Selling Member Short Id: 31487
  • House Faces: E
  • Directions To Property: 159Th St E
  • Listing Member Name: Angel Pelayo
  • Lot Measurement: Acres
  • Prop. Type: Residential
  • Sp Percent Lp: 1.05
  • Square Footage: 1300.00
  • Tract Suffix: Street
  • Year Built: 1985
  • Property Sub Type: Single Family Residence
  • R V Access: Yes
  • Building Stories: 1 Story
  • Cross Street: Paved, Public
  • Audio Video Surveillance: No
  • House Sale Contingency: None
  • Building Style: Traditional, Tract
  • Special Features: None
  • Stories: 1

Interior Features

  • Total Bathrooms: 2.00
  • Appliances: Convection Oven, Microwave
  • Basement Full Bathrooms: 2
  • Fireplace: Living Room

Exterior Features

  • Exterior Construction: Stucco
  • Roof: Shingle
  • Exterior Features: Pets Allowed
  • Pool: None
  • Spa: None
  • Foundation: Concrete Slab

Garage/Parking

  • GarageNumberOfGarageSpaces: 2

Utilities

  • Sewer: Septic System
  • Hot Water: Public Utility
  • Utilities: None

Condo/Co-op/Association

  • HOA: No
  • Senior Housing Type: SFD (Single Family Dwelling)

Lot Info

  • Lot Acres: 0.97
  • Zoning: LCA11
  • Horse Property: Yes

Green Features

  • Solar: None

Tax Info

  • Assessor Parcel Number: 3069-014-006

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2025
Closed on
Mar 5, 2025
Sold by
Pelayo Frank
Bought by
Snell Kodi and Sgrignoli Taryn
Seller's Agent
Angel Pelayo
Equity Smart Home Loans, inc.
Buyer's Agent
Melissa Gutierrez Reyes
Real Brokerage Technologies
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%
Views
34
Current Estimated Value
$414,766

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,234
Avg. Annual Appreciation
-1.70%
Original Mortgage
$412,392
Outstanding Balance
$410,281
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$4,485

Purchase Details

Listed on
Nov 1, 2018
Closed on
Feb 22, 2019
Sold by
Hooker Joy G Laughton
Bought by
Pelayo Frank
Seller's Agent
CHARLENE EATON
REALTY MASTERS & ASSOCIATES
Buyer's Agent
Jesus Rivera
NON-MEMBER/NBA or BTERM OFFICE
List Price
$239,900
Sold Price
$248,000
Premium/Discount to List
$8,100
3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.05%
Original Mortgage
$243,508
Interest Rate
3.62%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 5, 2010
Sold by
Payne Daniel
Bought by
Payne Daniel and Hooker Joy G Laughton

Purchase Details

Closed on
Sep 16, 2008
Sold by
Lasalle Bank Na
Bought by
Payne Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,900
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 26, 2008
Sold by
Jimenez Adolfo and Godoy Rafael A
Bought by
Lasalle Bank Na and Mlmi Trust Series 2006-Fm1

Purchase Details

Closed on
Feb 9, 2006
Sold by
Machado Brenda and Patterson Wayne L
Bought by
Jimenez Adolfo and Godoy Rafael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2005
Sold by
Machado Brenda
Bought by
Machado Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
5.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2001
Sold by
Hud
Bought by
Machado Brenda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
8.65%

Purchase Details

Closed on
Aug 14, 2001
Sold by
Emc Mtg Corp
Bought by
Hud

Purchase Details

Closed on
Aug 15, 2000
Sold by
Pascascio James and Pascascio Rosita A
Bought by
Emc Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $420,000 Stewart Title Of California In
Grant Deed $248,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Grant Deed $100,000 Lsi Title Company
Trustee Deed $114,760 None Available
Grant Deed $270,000 Chicago Title Co
Interfamily Deed Transfer -- Gateway Title Company
Grant Deed $60,500 First American Title Co
Interfamily Deed Transfer -- First American Title Co
Grant Deed -- Fidelity National Title Ins
Trustee Deed $83,454 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $412,392 FHA
Previous Owner $243,508 FHA
Previous Owner $79,900 Purchase Money Mortgage
Previous Owner $216,000 Purchase Money Mortgage
Previous Owner $95,000 New Conventional
Previous Owner $54,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/02/2025 04/02/25 Sold $420,000 +5.3% $323 / Sq Ft
03/17/2025 03/17/25 Pending -- -- --
02/25/2025 02/25/25 For Sale $399,000 +60.9% $307 / Sq Ft
03/07/2019 03/07/19 Sold $248,000 0.0% $191 / Sq Ft View Prior Sale
03/04/2019 03/04/19 Off Market $248,000 -- --
11/01/2018 11/01/18 For Sale $239,900 -- $185 / Sq Ft
Source: Greater Antelope Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,424 $276,644 $73,956 $202,688
2024 $3,424 $271,220 $72,506 $198,714
2023 $3,377 $265,903 $71,085 $194,818
2022 $3,327 $260,691 $69,692 $190,999
2021 $3,259 $255,580 $68,326 $187,254
2019 $1,608 $107,250 $26,811 $80,439
2018 $1,478 $113,056 $22,631 $90,425
2016 $1,381 $108,667 $21,753 $86,914
2015 $1,360 $107,036 $21,427 $85,609
2014 $1,277 $97,000 $19,300 $77,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 25001397

Greater Antelope Valley Association of REALTORS®

APN: 3069-014-006