NOT LISTED FOR SALE

620 E Rancho Vista Blvd Palmdale, CA 93550

East Palmdale Neighborhood
Studio
1 Bath
7,696 Sq Ft
0.38 Acres

Last Sold November 03, 2012

Last sale price $406,000 $53 Per Sq Ft

1 Day on Market

About This Home

As of November 2012

Great Commercial Building.....Excellent Location.......Short Sale

Last Agent to Sell the Property

Chad Cunningham

Standing Stone Real Estate Inc License #01790766 Listed on: 09/17/2012

Last Buyer's Agent

Chad Cunningham

Standing Stone Real Estate Inc License #01790766 Listed on: 09/17/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 0.38

Parking

  • 10 Parking Spaces

Home Design

  • 7,696 Sq Ft Home

Additional Features

  • 1 Bathroom
  • 0.38 Acre Lot

Community Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $100
  • Insurance Expense $100
  • New Taxes Expense $3,000
  • Gross Income $2,500
  • Net Operating Income $10

Listing and Financial Details

  • Tax Lot 001
  • Tax Tract Number 1
  • Assessor Parcel Number 3022001022

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Parcel Number: 3022001022
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per Square Foot: 52.75

Garage/Parking

  • Total Parking Spaces: 10.00

Lot Info

  • Lot Size Sq Ft: 16482.00
  • Lot Size Acres: 0.3780

Multi Family

  • Electric Expense: 100.00
  • Gross Income: 2500.00
  • Gross Scheduled Income: 2500.00
  • Insurance Expense: 100.00
  • Lot Size Area: 16482.0000 Square Feet
  • Net Operating Income: 10.00
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 1
  • Operating Expense: 250.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 3000.00
  • Tax Lot: 001
  • Tax Tract Number: 001
  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Banayan Joseph
Bought by
Banayan

Purchase Details

Listed on
Sep 17, 2012
Closed on
Nov 1, 2012
Sold by
Cohanim Shoreh
Bought by
Banayan Joseph
Seller's Agent
Chad Cunningham
Standing Stone Real Estate Inc
Buyer's Agent
Chad Cunningham
Standing Stone Real Estate Inc
List Price
$375,000
Sold Price
$406,000
Premium/Discount to List
$31,000
8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 17, 2012
Closed on
Oct 26, 2012
Sold by
Mcnabb Craig M and Mcnabb Sandra
Bought by
Banayan Joseph
Seller's Agent
Chad Cunningham
Standing Stone Real Estate Inc
Buyer's Agent
Chad Cunningham
Standing Stone Real Estate Inc
List Price
$375,000
Sold Price
$406,000
Premium/Discount to List
$31,000
8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 2004
Sold by
Fischer Development Group Llc
Bought by
Mcnabb Craig M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$557,900
Interest Rate
5.38%
Mortgage Type
Commercial
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
Banayan -- None Listed On Document
Banayan Joseph -- Provident Title Company
Banayan Joseph $406,000 Provident Title Company
Mcnabb Craig M $619,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banayan Joseph $277,500
Previous Owner Mcnabb Craig M $557,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2012 11/03/12 Sold $406,000 +8.3% $53 / Sq Ft
09/18/2012 09/18/12 Pending -- -- --
09/17/2012 09/17/12 For Sale $375,000 -- $49 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $8,670 $499,949 $24,622 $475,327
2024 $8,670 $490,147 $24,140 $466,007
2023 $8,544 $480,537 $23,667 $456,870
2022 $8,243 $471,115 $23,203 $447,912
2021 $8,020 $461,879 $22,749 $439,130
2019 $7,812 $448,181 $22,075 $426,106
2018 $7,689 $439,394 $21,643 $417,751
2016 $7,085 $422,333 $20,803 $401,530
2015 $7,025 $415,990 $20,491 $395,499
2014 $6,921 $407,842 $20,090 $387,752
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2012

    Chad Cunningham

    Standing Stone Real Estate Inc

    (888) 774-1198

    13 Total Sales

    Chad Cunningham
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: K12116215

California Regional Multiple Listing Service (CRMLS)

APN: 3022-001-022

California Los Angeles County Palmdale 93550 East Palmdale

620 E Rancho Vista Blvd, Palmdale, CA

Not Listed for Sale

MultiFamily

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