NOT LISTED FOR SALE

45245 Kingtree Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $369,410 - $515,000

4 Beds
2 Baths
1,625 Sq Ft
$279/Sq Ft Est. Value

Last Sold February 23, 2012

Last sale price $92,100 $57 Per Sq Ft

Est. 392% increase in value since last sale

Current estimated payment $2,578/month

73 Days on Market

About This Home

As of February 2012

Nice multi-family investment- 2 units with one attached 2-car garage. Investment at $108,000- 20% down is a loan of $87,200 with an estimated PITI payment of $700/mo. You should be able to get $725-$750 with little trouble. Gross rents at $1,450/mo--> Not Bad with only $700/mo mortgage!! OR live in one and rent the other... Both units will be rent ready 12/3/11. Write it up!

Last Agent to Sell the Property

Mark Chappell

ENRG Realty, Inc. License #01009746 Listed on: 11/07/2011

ENRG Realty, Inc.

Last Buyer's Agent

Michael Jaghasbanian

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 6,970 Sq Ft Lot

Home Design

  • 1,625 Sq Ft Home
  • Asphalt 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 3120-031-022

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Directions To Property: Ave I to Kingtree (near 13th West)
  • Listing Member Name: Mark Chappell
  • Lot Measurement: SqFt
  • Prop. Type: Multi-Family
  • Sp Percent Lp: 0.94
  • Square Footage: 1625.00
  • Tract Suffix: Avenue
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Street Number Modifier: 45247
  • Price Per Unit: 49000.00
  • Total Bathrooms: 2.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Asphalt

Garage/Parking

  • AdditionalInfoAssignedParkingSpaces: 2
  • AdditionalInfoCoveredParkingSpaces: 2
  • AdditionalInfoOpenParkingSpaces: 2
  • AdditionalInfoParkingSpaces: 4

Utilities

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

Condo/Co-op/Association

  • Units in Building: 2

Lot Info

  • Lot Acres: 0.16
  • Zoning: LRR2*

Tax Info

  • Assessor Parcel Number: 3120-031-022

Multi Family

  • Number2 Bedroom Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 7, 2011
Closed on
Feb 10, 2012
Sold by
Krumian Lousin
Bought by
Krumian Koko
Seller's Agent
Mark Chappell
ENRG Realty, Inc.
Buyer's Agent
Michael Jaghasbanian
List Price
$109,000
Sold Price
$92,100
Premium/Discount to List
-$16,900
-15.5%
Current Estimated Value
$452,853

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$360,753
Avg. Annual Appreciation
12.17%
Original Mortgage
$69,075
Outstanding Balance
$8,350
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$444,503

Purchase Details

Listed on
Nov 7, 2011
Closed on
Jan 28, 2012
Sold by
Lmr Properties Llc
Bought by
Krumian Koko
Seller's Agent
Mark Chappell
ENRG Realty, Inc.
Buyer's Agent
Michael Jaghasbanian
List Price
$109,000
Sold Price
$92,100
Premium/Discount to List
-$16,900
-15.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,075
Outstanding Balance
$8,350
Interest Rate
3.84%
Mortgage Type
New Conventional
Estimated Equity
$444,503

Purchase Details

Closed on
Nov 11, 2009
Sold by
Mitchell Michael
Bought by
Lmr Properties Llc

Purchase Details

Closed on
Aug 25, 2006
Sold by
Lewis Natalie and Lewis Dreeon
Bought by
Mitchell Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 27, 2005
Sold by
Lewis Dreeon and Lewis Natalie
Bought by
Lewis Dreeon and Lewis Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 3, 2003
Sold by
Thomason Anthony J and Thomason Shonya Sue
Bought by
Lewis Dreeon and Lewis Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 25, 2003
Sold by
Jones Lillian H
Bought by
Thomason Anthony J and Thomason Sonya Sue

Purchase Details

Closed on
Feb 27, 2002
Sold by
Reynolds David R
Bought by
Jones Lillian H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,900
Interest Rate
6.78%

Purchase Details

Closed on
Apr 27, 2000
Sold by
Aurora Loan Services Inc
Bought by
Reynolds David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
10.62%

Purchase Details

Closed on
Mar 2, 2000
Sold by
Quinn Ray
Bought by
Aurora Loan Services Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,750
Interest Rate
10.62%

Purchase Details

Closed on
Oct 5, 1999
Sold by
Quinn Ray
Bought by
Omidvar Michael

Purchase Details

Closed on
Dec 17, 1997
Sold by
B T And F Gulbranson Trust and Gulbranson David T
Bought by
Quinn Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,000
Interest Rate
7.16%

Purchase Details

Closed on
Oct 18, 1995
Sold by
Gulbranson David T and Gulbranson Kerry A
Bought by
Gulbranson David T and Gulbranson Kerry A

Purchase Details

Closed on
Oct 11, 1995
Sold by
Gulbranson Frances K
Bought by
Gulbranson Frances K and Gulbranson James B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Krumian Koko -- Fidelity National Title Co
Krumian Koko $92,500 Fidelity National Title Co
Lmr Properties Llc $53,955 None Available
Mitchell Michael $315,000 First American Title Co
Lewis Dreeon -- Alliance Title Company
Lewis Dreeon $154,000 First American Title Co
Thomason Anthony J $22,500 First American Title Co
Jones Lillian H $90,000 Lawyers Title
Reynolds David R $57,500 Fidelity National Title Co
Aurora Loan Services Inc $75,721 First Southwestern Title
Omidvar Michael -- --
Quinn Ray $57,500 Chicago Title Co
Gulbranson David T -- --
Gulbranson Frances K -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krumian Koko $69,075
Previous Owner Mitchell Michael $252,000
Previous Owner Lewis Dreeon $184,000
Previous Owner Lewis Dreeon $123,200
Previous Owner Jones Lillian H $70,900
Previous Owner Reynolds David R $51,750
Previous Owner Quinn Ray $31,000
Closed Quinn Ray $23,000
Closed Jones Lillian H $10,000
Closed Lewis Dreeon $30,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2012 02/23/12 Sold $92,100 -15.5% $57 / Sq Ft
01/19/2012 01/19/12 Pending -- -- --
11/07/2011 11/07/11 For Sale $109,000 -- $67 / 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 $2,561 $115,670 $17,579 $98,091
2024 $2,561 $113,403 $17,235 $96,168
2023 $2,520 $111,181 $16,898 $94,283
2022 $2,478 $109,002 $16,567 $92,435
2021 $2,432 $106,866 $16,243 $90,623
2019 $2,375 $104,138 $15,762 $88,376
2018 $2,337 $102,105 $15,453 $86,652
2016 $2,228 $97,718 $14,853 $82,865
2015 $2,205 $96,251 $14,630 $81,621
2014 $2,214 $94,367 $14,344 $80,023
Source: Public Records

Agents Affiliated with this Home

  • Mark Chappell

    Seller's Agent in 2012

    Mark Chappell

    ENRG Realty, Inc.

    (661) 223-4017

    9 in this area

    86 Total Sales

    Mark Chappell
    Section Image

  • M

    Buyer's Agent in 2012

    Michael Jaghasbanian

See All Agents

Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 1112811

Greater Antelope Valley Association of REALTORS®

APN: 3120-031-022

California Los Angeles County Lancaster 93534 Central Lancaster

45245 Kingtree Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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.

Nearby Homes