NOT LISTED FOR SALE

5502 Avenue L 2 Lancaster, CA 93536

West Lancaster Neighborhood

Estimated Value: $594,000 - $625,000

4 Beds
3 Baths
2,652 Sq Ft
$230/Sq Ft Est. Value

About This Home

This home is located at 5502 Avenue L 2, Lancaster, CA 93536 and is currently estimated at $610,876, approximately $230 per square foot. 5502 Avenue L 2 is a home located in Los Angeles County with nearby schools including Quartz Hill Elementary School, Joe Walker Middle School, and Quartz Hill High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Bought by
Mkheyan Narek
Current Estimated Value
$610,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,390
Outstanding Balance
$536,651
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$70,596

Purchase Details

Closed on
Jan 8, 2025
Sold by
Clearview Real Estate Holdings Llc
Bought by
Mkheyan Narek

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$539,390
Outstanding Balance
$536,651
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$70,596

Purchase Details

Closed on
Sep 23, 2024
Sold by
America West Lender Services Llc
Bought by
Clearview Real Estate Holdings Llc

Purchase Details

Closed on
Jul 22, 2021
Sold by
Ferebee Julie Lynn
Bought by
Dergaloost Njdeh Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,450
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2014
Sold by
Ferebee Samuel Dale
Bought by
Ferebee Julie Lynn

Purchase Details

Closed on
Mar 10, 2003
Sold by
Ferebee Julie L
Bought by
Ferebee Samuel and Ferebee Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.79%

Purchase Details

Closed on
May 20, 2002
Sold by
Ferebee Samuel D
Bought by
Ferebee Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.89%

Purchase Details

Closed on
Oct 14, 1997
Sold by
Ferebee Julie L
Bought by
Ferebee Samuel D and Ferebee Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.49%

Purchase Details

Closed on
Apr 5, 1996
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Ferebee Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,784
Interest Rate
7.41%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 4, 1996
Sold by
Ferebee Samuel Dale
Bought by
Ferebee Julie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,784
Interest Rate
7.41%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 24, 1996
Sold by
Wang Ding Ho and Wang Sabrina
Bought by
Federal Home Loan Mortgage Corporation
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Mkheyan Narek -- Chicago Title Company
Mkheyan Narek $600,000 Chicago Title Company
Clearview Real Estate Holdings Llc $477,000 Chicago Title Company
Dergaloost Njdeh Martin $671,000 California Best Title
Ferebee Julie Lynn -- None Available
Ferebee Samuel -- American Title Co
Ferebee Julie L -- Southland Title Corporation
Ferebee Samuel D -- Fidelity National Title Co
Ferebee Julie L $143,000 --
Ferebee Julie L -- --
Federal Home Loan Mortgage Corporation $137,858 First Southwestern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mkheyan Narek $539,390
Previous Owner Dergaloost Njdeh Martin $637,450
Previous Owner Ferebee Julie Lynn $279,000
Previous Owner Ferebee Samuel $125,000
Previous Owner Ferebee Samuel $241,000
Previous Owner Ferebee Samuel $180,000
Previous Owner Ferebee Julie L $180,000
Previous Owner Ferebee Samuel D $50,000
Previous Owner Ferebee Julie L $139,318
Previous Owner Ferebee Julie L $140,784
Source: Public Records

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 $9,832 $530,000 $132,500 $397,500
2024 $9,832 $698,108 $174,475 $523,633
2023 $9,736 $684,420 $171,054 $513,366
2022 $9,437 $671,000 $167,700 $503,300
2021 $3,890 $248,168 $43,882 $204,286
2020 $3,848 $245,625 $43,433 $202,192
2019 $3,793 $240,810 $42,582 $198,228
2018 $3,588 $236,090 $41,748 $194,342
2016 $3,386 $226,925 $40,128 $186,797
2015 $3,348 $223,518 $39,526 $183,992
2014 $3,333 $219,140 $38,752 $180,388
Source: Public Records

Map

California Los Angeles County Lancaster 93536 West Lancaster

5502 Avenue L 2, Lancaster, CA

This home is located at 5502 Avenue L 2, Lancaster, CA 93536 and is currently estimated at $610,876, approximately $230 per square foot. 5502 Avenue L 2 is a home located in Los Angeles County with nearby schools including Quartz Hill Elementary School, Joe Walker Middle School, and Quartz Hill High School.

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.

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