NOT LISTED FOR SALE

45272 Kingtree Ave Lancaster, CA 93534

Central Lancaster Neighborhood

Estimated Value: $412,099 - $475,000

4 Beds
2 Baths
1,650 Sq Ft
$272/Sq Ft Est. Value

Last Sold May 09, 2014

Last sale price $120,000 $73 Per Sq Ft

Est. 274% increase in value since last sale

Current estimated payment $2,591/month

168 Days on Market

About This Home

As of May 2014

West Lancaster duplex featuring 2 bedrooms,1 bathroom, living room, kitchen and dining area per unit. Detached 2 car garage with alley access, large 7309 sq.ft. with mature shade trees for tenant comfort. Block wall fencing and extra wide wrought iron gate allows access to the rear of the property. Great Investment Opportunity !!

Last Agent to Sell the Property

Michelle Lewis

Stephen B. Marvin Real Estate License #1187138 Listed on: 10/24/2013

Last Buyer's Agent

Michael Jaghasbanian

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • 1,650 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 3120-029-010

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Directions To Property: 10th St. West north of Avenue I, west on Ave H-14, runs into Kingtree Ave.
  • Listing Member Name: Michelle Lewis
  • Lot Measurement: SqFt
  • Prop. Type: E
  • Sp Percent Lp: 0.86
  • Square Footage: 1650.00
  • Tract Suffix: Avenue
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Unit: 69950.00
  • Total Bathrooms: 2.00

Exterior Features

  • Exterior Construction: Stucco, Wood
  • Roof: Composition

Garage/Parking

  • AdditionalInfoAssignedParkingSpaces: 2
  • AdditionalInfoCoveredParkingSpaces: 2
  • AdditionalInfoParkingSpaces: 2

Utilities

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

Condo/Co-op/Association

  • Units in Building: 2

Lot Info

  • Lot Acres: 0.17
  • Zoning: LRR2

Tax Info

  • Assessor Parcel Number: 3120-029-010

Multi Family

  • Number2 Bedroom Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2013
Closed on
May 7, 2014
Sold by
Krumian Lisa Sarkis
Bought by
Krumian Zarah
Seller's Agent
Michelle Lewis
Stephen B. Marvin Real Estate
Buyer's Agent
Michael Jaghasbanian
List Price
$149,500
Sold Price
$120,000
Premium/Discount to List
-$29,500
-19.73%
Current Estimated Value
$449,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,366
Avg. Annual Appreciation
11.98%

Purchase Details

Listed on
Oct 24, 2013
Closed on
May 6, 2014
Sold by
Fannie Mae
Bought by
Krumian Zarah
Seller's Agent
Michelle Lewis
Stephen B. Marvin Real Estate
Buyer's Agent
Michael Jaghasbanian
List Price
$149,500
Sold Price
$120,000
Premium/Discount to List
-$29,500
-19.73%

Purchase Details

Closed on
Nov 6, 2013
Sold by
Nationstar Mortgage Llc
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Sep 9, 2013
Sold by
Nunez Danny G and Nunez Maria A
Bought by
Nationstar Mortgage Llc
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
Krumian Zarah -- Old Republic Title Company
Krumian Zarah $120,000 Old Republic Title Company
Fannie Mae -- None Available
Nationstar Mortgage Llc $165,742 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/09/2014 05/09/14 Sold $120,000 -19.7% $73 / Sq Ft
04/10/2014 04/10/14 Pending -- -- --
10/24/2013 10/24/13 For Sale $149,500 -- $91 / 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 $2,933 $147,089 $22,058 $125,031
2024 $2,933 $144,206 $21,626 $122,580
2023 $2,883 $141,379 $21,202 $120,177
2022 $2,834 $138,608 $20,787 $117,821
2021 $2,783 $135,891 $20,380 $115,511
2019 $2,714 $132,303 $19,777 $112,526
2018 $2,670 $129,719 $19,390 $110,329
2016 $2,541 $124,261 $18,638 $105,623
2015 $2,514 $122,396 $18,359 $104,037
2014 -- $113,000 $17,000 $96,000
Source: Public Records

Agents Affiliated with this Home

  • Michelle Lewis

    Seller's Agent in 2014

    Michelle Lewis

    Stephen B. Marvin Real Estate

    (661) 305-1375

    3 in this area

    51 Total Sales

    Michelle Lewis
    Section Image

  • M

    Buyer's Agent in 2014

    Michael Jaghasbanian

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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 1311576

Greater Antelope Valley Association of REALTORS®

APN: 3120-029-010

California Los Angeles County Lancaster 93534 Central Lancaster

45272 Kingtree Ave, Lancaster, CA

Not Listed for Sale

MultiFamily

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