NOT LISTED FOR SALE

44826 5th St E Lancaster, CA 93535

East Lancaster Neighborhood

Estimated Value: $524,000 - $630,457

4 Beds
2 Baths
2,260 Sq Ft
$252/Sq Ft Est. Value

Last Sold February 20, 2019

Last sale price $360,000 $159 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $3,420/month

Highlights

  • 2.91 Acre Lot
  • Refrigerated and Evaporative Cooling System
  • Wood Siding

About This Home

As of February 2019

Owner Will Finance Submit terms! Two houses on a 2.91 acre lot in a prime location. The Value is in The Land. This property is an investors dream! 2.91 acres of flat land zoned for multiple dwellings. Located near shops, restaurants and right next to a multi unit complex! Enough room to build up to 16 houses based on current zoning of R-7000. Multiple units likely possible but will require a zoning change. This property has an 8 inch water main in the street. Rent out the two houses on the lot while you develop the property. For a great investment opportunity. Drive by only Drive-by. Do Not Disturb occupants. Access with an acceptable offer.

Last Agent to Sell the Property

Steve Burton

Keller Williams Realty A.V. License #00921720 Listed on: 02/18/2019

Keller Williams Realty A.V.

Last Buyer's Agent

Unknown Member

NON-MEMBER OFFICE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,252

Year Built

  • Built in 1948

Lot Details

  • 2.91 Acre Lot

Home Design

  • 2,260 Sq Ft Home
  • Composition Roof
  • Wood Siding
  • Stucco

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Utilities

  • Refrigerated and Evaporative Cooling System
  • Wall Furnace

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 3146-002-004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,252

Year Built

Built in 1948

Lot Details

0

Listing Details

  • House Faces: E
  • Directions To Property: Lancaster Blvd to 5th st E
  • Income Producing: Yes
  • Listing Member Name: Steven Burton
  • 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: 0.96
  • Square Footage: 2260.00
  • Tract Suffix: Street
  • Year Built: 1948
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 187500.00
  • Total Bathrooms: 2.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Composition

Utilities

  • Cooling Type: Room Refrig Air
  • HeatingTypes: Wall Furnace

Condo/Co-op/Association

  • Units in Building: 2

Lot Info

  • Lot Acres: 2.91
  • Zoning: LRRA

Tax Info

  • Assessor Parcel Number: 3146-002-004

Multi Family

  • Number1 Bedroom Units: 1.00
  • Number3 Bedroom Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2018
Sold by
Karavardanyan Tigran
Bought by
Dorantes Victor Jose Manriqu and Dorantes Demetrio Tania
Current Estimated Value
$568,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 20, 2015
Sold by
Karavardanyan Ani
Bought by
Karavardanyan Tigran

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
3.91%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Sep 22, 2014
Closed on
Oct 7, 2014
Sold by
Britt Charlette E
Bought by
Karavardanyan Tigran
Seller's Agent
Kenny Mitchell
Keller Williams Realty A.V.
Buyer's Agent
Kristine Halajyan
Keller Williams Realty A.V.
List Price
$180,000
Sold Price
$175,000
Premium/Discount to List
-$5,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%
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
Dorantes Victor Jose Manriqu $360,000 Timios
Lopez Dorantes Victor Jose Manrique $360,000 Timios Title
Karavardanyan Tigran -- First American Title Company
Karavardanyan Tigran $175,000 Fatcola
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lopez Dorantes Victor Jose Manrique $320,000
Previous Owner Karavardanyan Tigran $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/20/2019 02/20/19 Sold $360,000 -4.0% $159 / Sq Ft
02/20/2019 02/20/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $375,000 +114.3% $166 / Sq Ft
10/31/2014 10/31/14 Sold $175,000 -2.8% $77 / Sq Ft View Prior Sale
10/28/2014 10/28/14 Pending -- -- --
09/22/2014 09/22/14 For Sale $180,000 -- $80 / 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 $5,252 $401,583 $100,395 $301,188
2024 $5,252 $393,710 $98,427 $295,283
2023 $5,133 $385,992 $96,498 $289,494
2022 $5,025 $378,424 $94,606 $283,818
2021 $4,929 $371,004 $92,751 $278,253
2020 $2,765 $192,310 $60,439 $131,871
2019 $2,708 $188,540 $59,254 $129,286
2018 $2,513 $184,844 $58,093 $126,751
2016 $2,348 $177,668 $55,838 $121,830
2015 $2,471 $175,000 $55,000 $120,000
2014 $1,217 $62,755 $29,377 $33,378
Source: Public Records

Agents Affiliated with this Home

  • Steve Burton

    Seller's Agent in 2019

    Steve Burton

    Keller Williams Realty A.V.

    (661) 857-0440

    7 in this area

    75 Total Sales

    Steve Burton
    Section Image

  • U

    Buyer's Agent in 2019

    Unknown Member

    NON-MEMBER OFFICE

  • Kenny Mitchell

    Seller's Agent in 2014

    Kenny Mitchell

    Keller Williams Realty A.V.

    (661) 538-2800

    4 in this area

    29 Total Sales

    Kenny Mitchell
    Section Image

  • K

    Seller Co-Listing Agent in 2014

    Kristine Halajyan

    Keller Williams Realty A.V.

See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 19002097

Greater Antelope Valley Association of REALTORS®

APN: 3146-002-004

California Los Angeles County Lancaster 93535 East Lancaster

44826 5th St E, Lancaster, CA

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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