1245 Magnolia Drive
Lancaster, CA, 93535
$509,900
MLS: SR26206581
Beds
4
Baths
3
Sq Ft
2,637
Lot
0.19 ac
Year Built
1986
MLS #
SR26206581
Days on Market
1
Listed
Sep 25, 2026
Description
Welcome to this spacious two-story home situated on a desirable corner lot in Lancaster! Offering approximately 2,637 sq. ft. of living space, this 4-bedroom, 3-bathroom residence features a versatile floor plan with plenty of room to make it your own. Step inside to an inviting living room with soaring vaulted ceilings and abundant natural light. The kitchen features granite countertops, cherry cabinetry, and convenient access to the dining area. A separate Family room with a cozy fireplace provides the perfect space for relaxing and entertaining. A unique feature of this home is the hidden room located downstairs that can serve as an additional bedroom, home office, or creative space. Additionally, a portion of the downstairs living room has been converted into an extra room, providing even more room. Upstairs, the generous primary suite features a walk-in closet and an en-suite bathroom with dual sinks and a soaking tub. The property also features a two-car garage and convenient access to nearby shopping, dining, schools, and parks. Don't miss the opportunity to explore all the possibilities this unique Lancaster home has to offer!
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Listed by: Uziel Pineda · Mi Casa Bonita, Inc.
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$4,085
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $50,990 · Loan: $458,910
Average 30-yr fixed rate 7.03% as of Sep 24, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $3,062
- Property tax (1.25%)
- $531
- Homeowners insurance
- $300
- Mortgage insurance
- $191
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Sep 24, 2026
- 30-year fixed
- 7.03%
- 15-year fixed
- 6.42%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
Lake Los Angeles, CA in context
Lake Los Angeles is an unincorporated east-AV community in ZIP 93535, about 20 minutes east of Palmdale. Buyers come here for the most house-per-dollar in the AV — half-acre to multi-acre lots, fewer HOAs, and a quiet semi-rural pace. Many listings include desert acreage suitable for horses, RVs, or future expansion. Mike Watson knows the Lake Los Angeles and east-AV acreage market and has guided buyers here since 2005. If you are evaluating homes in Lancaster, Mike Watson lives and works the Lake Los Angeles market every day. He pairs this listing with a free market analysis for your specific street, an honest read on the financing options that fit (FHA, VA, USDA, CalHFA, conventional, and assumable when the loan supports it), and a side-by-side compare against the rest of the active inventory in the area.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Lancaster home with as little as 3.5% down using an FHA loan — roughly $17,847 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Lancaster, CA 93535 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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