42955 Carpenter Drive
Lancaster, CA, 93535
$460,000
MLS: 26007212
Beds
4
Baths
2
Sq Ft
1,998
Lot
0.20 ac
Year Built
2005
MLS #
26007212
Days on Market
0
Listed
Sep 17, 2026
Description
Welcome to this spacious single-story Lancaster home offering great bones, a functional floor plan, and plenty of potential for the buyer ready to bring their vision to life. This property is an excellent opportunity for an investor, renovator, or project-minded buyer looking to add value and make a home truly their own. The home features a desirable layout with a combined living and dining area, plus a separate family room with a fireplace--providing plenty of space to create comfortable living and entertaining areas. The bright, open kitchen offers abundant cabinet space and a layout ready for updating and customization. A convenient indoor laundry room adds functionality, while the spacious primary suite features a separate soaking tub and shower and a private water closet. Generously sized secondary bedrooms offer flexibility for family, guests, an office, or additional living space. This is a home with potential--not a home that needs to be perfect on day one. With fresh paint, updated flooring, and some thoughtful improvements, this property can be transformed and brought back to life. Whether you're looking for your next investment project, a property to renovate and build equity, or a home where you can put your own personal stamp on every detail, this one is worth a look. Located in the heart of Lancaster with convenient access to shopping, dining, everyday amenities, and major freeway routes for commuters. Bring your vision, your ideas, and your toolbelt--this Lancaster property is ready for some new paint, some love, and a fresh start.
Location
Lancaster, Los Angeles County, CA 93535
Open on Google Maps ↗Listed by: Cameo Bruckner · Berkshire Hathaway HomeServices Troth, REALTORS
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
$3,640
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $46,000 · Loan: $414,000
Average 30-yr fixed rate 6.76% as of Sep 10, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $2,688
- Property tax (1.25%)
- $479
- Homeowners insurance
- $300
- Mortgage insurance
- $173
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 10, 2026
- 30-year fixed
- 6.76%
- 15-year fixed
- 6.09%
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 $16,100 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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