NOT LISTED FOR SALE

1648 Pine Ct Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $901,000 - $1,061,594

10 Beds
10 Baths
4,035 Sq Ft
$239/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $610,000 $151 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $5,996/month

About This Home

As of July 2018

First time on the market since 1993! Rare income producing property located walking distance to several shops and restaurants. Property has two 2 bedroom/2 bathroom units, and two 3 bedroom/2.5 bathroom units. Long term tenants in units. Owners have maintained property and units. There is room to raise rents based on the current rental market in the area. All tenants current on rent.

Last Agent to Sell the Property

Godstime Erhahon

Keller Williams Realty A.V. Listed on: 05/21/2018

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,673

Year Built

  • Built in 1990

Lot Details

  • 0.33

Home Design

  • 4,035 Sq Ft Home
  • Composition Roof
  • Stucco

Additional Features

  • 10 Bedrooms
  • 0.33 Acre Lot

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 3147-038-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,673

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Annual Insurance Expense: 1800.00
  • Directions To Property: East Ave J and 17th East
  • Income Producing: Yes
  • Listing Member Name: Godstime Erhahon
  • Listing Office Short Id: 3361
  • Lot Measurement: SqFt
  • Open House Office I D: 20150204220422704142000000
  • Prop. Type: E
  • Selling Member Short Id: 99999
  • Selling Office Short Id: 999999
  • Sp Percent Lp: 0.90
  • Square Footage: 4035.00
  • Tract Suffix: Court
  • Year Built: 1990
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 168750.00

Exterior Features

  • Exterior Construction: Stucco
  • Roof: Composition

Utilities

  • Cooling Type: None
  • HeatingTypes: None

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Lot Acres: 0.33
  • Zoning: LRR315UDP

Tax Info

  • Assessor Parcel Number: 3147-038-006

Multi Family

  • Number2 Bedroom Units: 2.00
  • Number3 Bedroom Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2018
Closed on
Jun 7, 2018
Sold by
Quinones Rafael A
Bought by
Karabedian Melanie
Seller's Agent
Godstime Erhahon
Keller Williams Realty A.V.
Buyer's Agent
Unknown Member
NON-MEMBER OFFICE
List Price
$675,000
Sold Price
$610,000
Premium/Discount to List
-$65,000
-9.63%
Current Estimated Value
$966,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,149
Avg. Annual Appreciation
6.52%
Original Mortgage
$450,000
Outstanding Balance
$389,175
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$576,974
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Karabedian Melanie $610,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karabedian Melanie $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/13/2018 07/13/18 Sold $610,000 -9.6% $151 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
05/21/2018 05/21/18 For Sale $675,000 -- $167 / 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 $10,673 $680,463 $111,550 $568,913
2024 $10,673 $667,121 $109,363 $557,758
2023 $10,468 $654,041 $107,219 $546,822
2022 $10,272 $641,217 $105,117 $536,100
2021 $10,091 $628,645 $103,056 $525,589
2019 $9,655 $610,000 $100,000 $510,000
2018 $7,938 $507,365 $76,168 $431,197
2016 $8,024 $487,665 $73,211 $414,454
2015 $7,930 $480,341 $72,112 $408,229
2014 $7,877 $470,933 $70,700 $400,233
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2018

    Godstime Erhahon

    Keller Williams Realty A.V.

  • U

    Buyer's Agent in 2018

    Unknown Member

    NON-MEMBER OFFICE

See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 18005423

Greater Antelope Valley Association of REALTORS®

APN: 3147-038-006

California Los Angeles County Lancaster 93535 East Lancaster

1648 Pine Ct, Lancaster, CA

This home is located at 1648 Pine Ct, Lancaster, CA 93535 since 21 May 2018 and is currently estimated at $966,149, approximately $239 per square foot. This property was built in 1990. 1648 Pine Ct is a home located in Los Angeles County with nearby schools including Joshua Elementary, Piute Middle School, and Eastside High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Antelope Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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