NOT LISTED FOR SALE

38914 8th St E Palmdale, CA 93550

East Palmdale Neighborhood

Estimated Value: $383,000 - $404,000

5 Beds
2 Baths
1,770 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 21, 2015

Last sale price $132,000 $75 Per Sq Ft

Est. 197% increase in value since last sale

Current estimated payment $2,342/month

358 Days on Market

Highlights

  • Evaporated cooling system
  • Central Heating
  • Level Lot
  • Horse Trails

About This Home

As of September 2015

NEW APPROVAL , NEW APPROVED !!!! NEW APPROVED !!! MUST CLOSE QUICKLY !!! CASH ONLY !!!! CASH ONLY!!!!

THIS IS A AS-IS SHORTSALE ALL TERMS AND CONDITION ARE TO BE APPROVED BY THE LENDER. DUPLEX PRICED TO SELL FRONT UNIT HAS THREE BED ONE FULL BATH AND THE REAR UNIT HAS 2BED AND 1BATH LOTS OF UPGRADES NEW ROOF LESS THAN TWO YEAR BOOTH UNITS ARE VERY CLEAN DONT WAIT ON THIS ONE CALL TODAY....

Last Agent to Sell the Property

MARCUS HILL

REALTY ONE GROUP HOMELINK License #01394161 Listed on: 07/16/2015

REALTY ONE GROUP HOMELINK

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,974

Year Built

  • Built in 1954

Lot Details

  • 6,168 Sq Ft Lot
  • 1 Common Wall
  • Level Lot

Parking

  • 2 Car Garage
  • Carport
  • Parking Available

Home Design

  • 1,770 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Utilities

  • Evaporated cooling system
  • Central Heating

Listing and Financial Details

  • Tax Lot 3
  • Tax Tract Number 17500
  • Assessor Parcel Number 3022020003

Community Details

Overview

  • 2 Units

Recreation

  • Horse Trails

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $988
  • Water Sewer Expense $1,050
  • New Taxes Expense $1,974
  • Operating Expense $4,012
  • Gross Income $1,500
  • Net Operating Income $13,988

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,974

Year Built

Built in 1954

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Water Sewer Expenses: 1050.00
  • Property Type: Residential Income
  • Parcel Number: 3022020003
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 74.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Heating Type: Central
  • Water Source: Public
  • Cooling: Evaporative Cooling
  • Cooling: Yes

Condo/Co-op/Association

  • Community Features: Horse Trails

Lot Info

  • Additional Parcels: No
  • Lot Features: Level
  • Lot Size Sq Ft: 6168.00
  • Price Per Lot Square Foot: 21.40
  • Lot Size Acres: 0.1420

Multi Family

  • Gross Income: 1500.00
  • Gross Operating Income: 18000.00
  • Gross Scheduled Income: 18000.00
  • Insurance Expense: 988.00
  • Lot Size Area: 6168.0000 Square Feet
  • Net Operating Income: 13988.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Operating Expense: 4012.00
  • Rent Control: No
  • Total Expenses: 4012.00

Tax Info

  • New Taxes Expense: 1974.00
  • Tax Lot: 3
  • Tax Tract Number: 17500
  • Tax Annual Amount: 1974.00
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2015
Closed on
Aug 13, 2015
Sold by
Hicks Darick
Bought by
Kpachavi Jean George
Seller's Agent
MARCUS HILL
REALTY ONE GROUP HOMELINK
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$18,000
Sold Price
$132,000
Premium/Discount to List
$114,000
633.33%
Current Estimated Value
$391,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$259,940
Avg. Annual Appreciation
11.08%
Original Mortgage
$99,000
Outstanding Balance
$77,517
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$314,423

Purchase Details

Closed on
Oct 20, 2007
Sold by
Tievel Keith
Bought by
Hicks Darick

Purchase Details

Closed on
Mar 1, 2006
Sold by
Hicks Darick
Bought by
8Th Street East Trust

Purchase Details

Closed on
Apr 26, 2005
Sold by
Hernandez Barbara E
Bought by
Hicks Darick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,625
Interest Rate
8.65%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 20, 2004
Sold by
Hernandez Edward A
Bought by
Hernandez Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 2004
Sold by
Hernandez Ronald A
Bought by
Hernandez Barbara E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,500
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 13, 2000
Sold by
Hernandez Jorge S
Bought by
Hernandez Ronald A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,309
Interest Rate
7.65%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 18, 1998
Sold by
Hud
Bought by
Hernandez Jorge Salvador and Antonia Hernandez M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,307
Interest Rate
6.88%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 16, 1998
Sold by
Homeside Lending Inc
Bought by
Hud

Purchase Details

Closed on
Jan 6, 1998
Sold by
Davila Gilberto O
Bought by
Homeside Lending Inc and Bancboston Mtg Corp
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kpachavi Jean George $132,000 Orange Coast Title
Hicks Darick -- None Available
8Th Street East Trust -- None Available
Hicks Darick -- Financial Title Company
Hernandez Barbara E -- Investors Title Company
Hernandez Barbara E $185,000 Investors Title Company
Hernandez Ronald A $78,000 Chicago Title Co
Hernandez Jorge Salvador $52,500 Fidelity Title
Hud -- Fidelity National Title Ins
Homeside Lending Inc $101,136 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kpachavi Jean George $99,000
Previous Owner Hicks Darick $225,625
Previous Owner Hernandez Barbara E $137,500
Previous Owner Hernandez Ronald A $77,309
Previous Owner Hernandez Jorge Salvador $52,307
Closed Hernandez Barbara E $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2015 09/21/15 Sold $132,000 +633.3% $75 / Sq Ft
08/05/2015 08/05/15 Pending -- -- --
08/12/2014 08/12/14 For Sale $18,000 -- $10 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $3,661 $203,012 $30,182 $172,830
2024 $3,661 $199,033 $29,591 $169,442
2023 $3,461 $195,131 $29,011 $166,120
2022 $3,340 $191,306 $28,443 $162,863
2021 $3,269 $187,556 $27,886 $159,670
2019 $3,188 $181,995 $27,060 $154,935
2018 $3,145 $178,428 $26,530 $151,898
2016 $3,070 $171,500 $25,500 $146,000
2015 $2,529 $135,000 $21,000 $114,000
2014 $2,534 $135,000 $21,000 $114,000
Source: Public Records

Agents Affiliated with this Home

  • MARCUS HILL

    Seller's Agent in 2015

    MARCUS HILL

    REALTY ONE GROUP HOMELINK

    (951) 255-7779

    16 Total Sales

    MARCUS HILL
    Section Image

  • N

    Buyer's Agent in 2015

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    21 in this area

    6,268 Total Sales

    NoEmail NoEmail
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: CV14175408

California Regional Multiple Listing Service (CRMLS)

APN: 3022-020-003

California Los Angeles County Palmdale 93550 East Palmdale

38914 8th St E, Palmdale, CA

Not Listed for Sale

MultiFamily

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