NOT LISTED FOR SALE

38646 5th St E Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $473,000 - $751,000

7 Beds
5 Baths
3,616 Sq Ft
$182/Sq Ft Est. Value

Last Sold December 18, 2014

Last sale price $365,000 $101 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $4,238/month

60 Days on Market

About This Home

As of December 2014

Great property ready for a new owner featuring 4 units: One 3 Bedroom 2 bathroom Unit, One 2 Bedroom, and Two 1 Bedroom Units. Beautifully redone. Granite Counter top's In Kitchen. New Paint, new carpet new light fixtures, and dishwashers in all units. The whole complex is gated and there are 5 parking spaces and 4 of them are covered. Units In Excellent Condition.

Last Agent to Sell the Property

Arturo Polanco

Pinnacle Estate Properties License #01251754 Listed on: 09/04/2014

Last Buyer's Agent

Daniel Castaneda

Jesse Aguilar - Broker

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • 3,616 Sq Ft Home
  • Frame Construction
  • Composition Roof

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 3008-010-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Directions To Property: 14 HWY to Palmdale Blvd to 5th Street East
  • Listing Member Name: Arturo Polanco
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 0.97
  • Square Footage: 3616.00
  • Tract Suffix: Street
  • Year Built: 1980
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 93750.00
  • Total Bathrooms: 5.00

Exterior Features

  • Exterior Construction: Frame
  • Roof: Composition

Garage/Parking

  • AdditionalInfoCoveredParkingSpaces: 4
  • AdditionalInfoOpenParkingSpaces: 1
  • AdditionalInfoParkingSpaces: 5

Utilities

  • Cooling Type: Central Air/Refrig, Room Refrig Air
  • HeatingTypes: Central Heat/Gas, Wall Furnace

Condo/Co-op/Association

  • Units in Building: 4

Lot Info

  • Lot Acres: 0.16
  • Zoning: PDR3*

Tax Info

  • Assessor Parcel Number: 3008-010-012

Multi Family

  • Number1 Bedroom Units: 2.00
  • Number2 Bedroom Units: 1.00
  • Number3 Bedroom Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2014
Closed on
Nov 3, 2014
Sold by
Polanco Vanessa
Bought by
Ramos Evodio Perez and Perez Sara
Seller's Agent
Arturo Polanco
Pinnacle Estate Properties
Buyer's Agent
Daniel Castaneda
Jesse Aguilar - Broker
List Price
$375,000
Sold Price
$365,000
Premium/Discount to List
-$10,000
-2.67%
Current Estimated Value
$656,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,319
Avg. Annual Appreciation
5.42%
Original Mortgage
$358,388
Interest Rate
4%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 21, 2013
Closed on
Apr 28, 2014
Sold by
Secretary Of Housing & Urban Development
Bought by
Polanco Vanessa
Seller's Agent
Trevor Jones
Premier Valley Properties
Buyer's Agent
Unknown Member
List Price
$210,000
Sold Price
$236,777
Premium/Discount to List
$26,777
12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
110.89%
Original Mortgage
$153,000
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 2013
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of Housing & Urban Development

Purchase Details

Closed on
Aug 3, 2012
Sold by
Mcclure Brandon
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 6, 2010
Sold by
Saini Investments Llc
Bought by
Mcclure Brandon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,015
Interest Rate
5.37%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 18, 2009
Sold by
Wells Fargo Bank Na
Bought by
Reo Properties Corporation and Marjay Properties Corporation

Purchase Details

Closed on
Aug 13, 2009
Sold by
Reo Properties Corporation
Bought by
Singh Jaspal and Kaur Harbans

Purchase Details

Closed on
Jul 30, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 17, 2008
Sold by
Casim Erlynn and Cullano Nazarito
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Aug 18, 2006
Sold by
Cruz Israel
Bought by
Cullano Nazarito and Casim Erlynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$416,500
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 25, 2005
Sold by
James Erahon Pamela
Bought by
Erahon Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.48%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Aug 9, 2005
Sold by
Serrano Ana Victoria
Bought by
Cruz Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.48%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 20, 2005
Sold by
Erahon Patrick
Bought by
Cruz Israel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.48%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Sep 12, 2003
Sold by
Ward James L
Bought by
Erahon Patrick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 1994
Sold by
Arenal Louis R
Bought by
Ward James L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,221
Interest Rate
9.27%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 17, 1994
Sold by
California Federal Bank Fsb
Bought by
Arenal Louis R
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 Buyer Sale Price Title Company
Ramos Evodio Perez $365,000 Priority Title
Polanco Vanessa $237,000 Priority Title
Secretary Of Housing & Urban Development -- None Available
Wells Fargo Bank Na $232,487 Accommodation
Mcclure Brandon $220,000 Fidelity Van Nuys
Saini Investments Llc -- Fidelity Van Nuys
Reo Properties Corporation -- Fidelity Natl Title Ins Co
Singh Jaspal $150,000 Fidelity Natl Title Ins Co
Wells Fargo Bank Na $288,000 Fidelity Natl Title Ins Co
Federal Home Loan Mortgage Corporation $287,895 Accommodation
Cullano Nazarito $595,000 First American Title Co
Erahon Patrick -- First American Title Co
Cruz Israel -- First American Title Co
Cruz Israel $500,000 Fatcola
Erahon Patrick $250,000 Fidelity National Title Co
Ward James L $80,000 World Title Company
Arenal Louis R $50,000 Chicago Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramos Evodio Perez $358,388
Previous Owner Polanco Vanessa $153,000
Previous Owner Mcclure Brandon $216,015
Previous Owner Cullano Nazarito $416,500
Previous Owner Cruz Israel $100,000
Previous Owner Cruz Israel $350,000
Previous Owner Erahon Patrick $200,000
Previous Owner Ward James L $80,221
Closed Erahon Patrick $37,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/18/2014 12/18/14 Sold $365,000 0.0% $101 / Sq Ft
11/30/2014 11/30/14 Sold $365,000 -2.7% $101 / Sq Ft View Prior Sale
11/03/2014 11/03/14 Pending -- -- --
11/03/2014 11/03/14 Pending -- -- --
10/20/2014 10/20/14 For Sale $375,000 0.0% $104 / Sq Ft
09/04/2014 09/04/14 For Sale $375,000 +58.4% $104 / Sq Ft
05/01/2014 05/01/14 Sold $236,777 +12.8% $65 / Sq Ft View Prior Sale
03/17/2014 03/17/14 Pending -- -- --
06/21/2013 06/21/13 For Sale $210,000 -- $58 / 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 $9,702 $599,581 $90,202 $509,379
2024 $9,702 $587,826 $88,434 $499,392
2023 $9,614 $576,300 $86,700 $489,600
2022 $9,258 $565,000 $85,000 $480,000
2021 $7,317 $405,262 $61,065 $344,197
2020 $7,208 $401,107 $60,439 $340,668
2019 $7,127 $393,243 $59,254 $333,989
2018 $7,028 $385,534 $58,093 $327,441
2016 $6,573 $370,565 $55,838 $314,727
2015 $6,518 $365,000 $55,000 $310,000
2014 $5,229 $244,605 $61,176 $183,429
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Arturo Polanco

    Pinnacle Estate Properties

  • E

    Seller's Agent in 2014

    Edgar Polanco

    PG & Associates Inc

    (818) 851-7800

    7 in this area

    46 Total Sales

    Edgar Polanco
    Section Image

  • T

    Seller's Agent in 2014

    Trevor Jones

    Premier Valley Properties

    (661) 917-3744

    3 in this area

    22 Total Sales

    Trevor Jones
    Section Image

  • J

    Seller Co-Listing Agent in 2014

    Joe Mayol

    Premier Valley Properties

  • D

    Buyer's Agent in 2014

    Daniel Castaneda

    Jesse Aguilar - Broker

  • U

    Buyer's Agent in 2014

    Unknown Member

See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 1410149

Greater Antelope Valley Association of REALTORS®

APN: 3008-010-012

California Los Angeles County Palmdale 93550 East Palmdale

38646 5th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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