ActiveCondominium

42935 15th W

Lancaster, CA, 93534

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$265,000

MLS: SR26101145

Beds

2

Baths

2

Sq Ft

1,228

Lot

4.60 ac

Year Built

1974

MLS #

SR26101145

Days on Market

4

Listed

May 8, 2026

Description

FHA Approved One of Only 2 Eligible Units in the Antelope Valley. Skip the landlord and buy with as little as 3.5 percent down in the gated Park Somerset community of West Lancaster. This upper-floor 2BR/2BA (1,228 sq ft) is move-in ready and vacant close on your timeline. Features include granite countertops, laminate flooring, in-unit laundry, central A/C, a covered private patio, cozy fireplace, and a detached 2-car garage. HOA of $348 covers water, trash, fire insurance, exterior maintenance, pool, and tennis courts making your true cost of ownership lower than it appears. Centrally located near Costco, Kaiser Permanente, and the 14 freeway. Priced to sell with equity at close.

Location

Lancaster, Los Angeles County, CA 93534

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Listed by: Jonathan Cisneros · ESO Realty Inc.

Payment estimate

$2,161

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $26,500 · Loan: $238,500

%
Principal & Interest
$1,486
Property tax (1.25%)
$276
Homeowners insurance
$300
Mortgage insurance
$99
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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 May 14, 2026

30-year fixed
6.36%
15-year fixed
5.71%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

About the area · Mike Watson

Lancaster, CA in context

Lancaster is the largest city in the Antelope Valley and the heart of Mike Watson’s service area, covering ZIP codes 93534, 93535, and 93536. From the historic BLVD downtown to West Lancaster’s master-planned communities and the rural acreage of Antelope Acres, Lancaster offers more housing variety than any other AV city. Whether you’re shopping for your first home, an investment property, or your forever house with a view, the listings below are pulled live from the MLS. If you are evaluating homes in Lancaster, Mike Watson lives and works the Lancaster 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.

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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 $9,275 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

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Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

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Listing data provided by the MLS · Presented by Watson & Associates · Keller Williams Realty · mikewatsonrealtor.com
All information deemed reliable but not guaranteed. Contact listing agent to verify.