NOT LISTED FOR SALE

7344 W Avenue I Lancaster, CA 93536

West Lancaster Neighborhood

Estimated Value: $850,117

6 Beds
3 Baths
7,925 Sq Ft
$107/Sq Ft Est. Value

Last Sold July 24, 2024

Last sale price $851,000 $107 Per Sq Ft

Current estimated payment $5,056/month

33 Days on Market

Highlights

  • Guest House
  • RV Access or Parking
  • Family Room with Fireplace
  • Horse Property
  • 9.54 Acre Lot
  • Ranch Style House

About This Home

As of July 2024

INVESTMENT OPPORTUNITY to live and work on this historical old Ranch, located on the west side of Lancaster, 6 miles from the freeway. The Ranch house and pink building were re-roofed 8 years ago by Disney while filming on site; and the interior framing is still in good shape, but would need to undergo a full rehab inside and out. New septic added a year ago. Water well, natural gas and electricity all on site. The zoning is M-1 Light Industrial which allows for several income producing opportunities including leasing land out to local businesses (M-1 use only), operating a Ranch, running an auto repair business, RV/Truck/Container parking site, storage facilities, a church site, construction business, or even warehouse/office spaces can be developed. So much potential exists here for the right visionary investor.

Last Agent to Sell the Property

Ciji Ripoll

RE/MAX All-Pro License #01833725 Listed on: 05/23/2024

RE/MAX All-Pro

Last Buyer's Agent

Lori Fischer

Coldwell Banker-A Hartwig Co. License #00757849

Coldwell Banker-A Hartwig Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,502

Year Built

  • Built in 1906

Lot Details

  • 9.54 Acre Lot
  • Chain Link Fence
  • Rectangular Lot
  • Property is zoned M-1 Light Industrial (Work and Live)

Parking

  • RV Access or Parking

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Combination Foundation
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 6 Bedrooms
  • 7,925 Sq Ft Home
  • Wood Burning Fireplace
  • Family Room with Fireplace

Utilities

  • Well
  • Septic System

Additional Features

  • Horse Property
  • Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 3203-003-045

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,502

Year Built

Built in 1906

Lot Details

0

Listing Details

  • House Faces: W
  • Directions To Property: Historic Ranch House was a 6 unit home, then later a 9 Unit Motel/Lodge. Interior Framing in good shape. Needs full rehab. Located 6 miles west of the 14 Freeway, Avenue I off-ramp. Turn left on 73rd St. W dirt road.
  • Income Producing: No
  • Listing Member Name: Ciji Ripoll
  • Listing Office Short Id: 2311
  • Lot Measurement: Acres
  • Open House Office I D: 20150204220332223037000000
  • Prop. Type: Residential
  • Selling Member Short Id: 89322
  • Selling Office Short Id: 1142
  • Sp Percent Lp: 1.00
  • Square Footage: 7925.00
  • Year Built: 1906
  • Other Features Comments: Old Silo and Barn
  • Property Sub Type: Single Family Residence
  • R V Access: Yes
  • Building Stories: 1 Story
  • Cross Street: Dirt, Private
  • Audio Video Surveillance: Yes
  • House Sale Contingency: None
  • Building Style: Ranch
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: None
  • AppliancesComments: Upgrades Needed
  • Fireplace: Family Room, Woodburning
  • Sprinklers: None

Exterior Features

  • Exterior Construction: Frame, Stucco, Wood, Wood Siding
  • Roof: Composition, Shingle
  • Exterior Features: Guest House
  • Fencing: Chain Link
  • Lot Size: Rectangular Lot
  • Pool: None
  • Spa: None
  • Foundation: Combination, Concrete Slab

Garage/Parking

  • Garage Spaces: None

Utilities

  • Sewer: Septic System
  • Hot Water: Own Well
  • Utilities: Natural Gas

Condo/Co-op/Association

  • HOA: No
  • Senior Housing Type: SFD (Single Family Dwelling)

Lot Info

  • Lot Acres: 9.54
  • Zoning: M-1 Light Industrial (Work and Live)
  • Horse Property: Yes

Green Features

  • Solar: None

Tax Info

  • Assessor Parcel Number: 3203-003-045

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2024
Closed on
Jul 17, 2024
Sold by
Corrigan Michael
Bought by
Acosta Joseph
Seller's Agent
Ciji Ripoll
RE/MAX All-Pro
Buyer's Agent
Lori Fischer
Coldwell Banker-A Hartwig Co.
List Price
$795,000
Sold Price
$851,000
Premium/Discount to List
$56,000
7.04%
Views
10
Current Estimated Value
$850,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$883
Avg. Annual Appreciation
-0.09%
Original Mortgage
$531,000
Outstanding Balance
$525,554
Interest Rate
6.95%
Mortgage Type
Seller Take Back
Estimated Equity
$324,563

Purchase Details

Closed on
Nov 23, 2016
Sold by
Mo Xiao Jun
Bought by
Corrigan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 22, 2016
Sold by
Koslo Saul
Bought by
Corrigan Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 2016
Sold by
Koslo Allaire
Bought by
Koslo Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2016
Sold by
Hao Dinh and Vu Tram
Bought by
Koslo Paul

Purchase Details

Closed on
Mar 27, 2006
Sold by
Koslo Paul
Bought by
Hao Dinh and Vu Tram

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 19, 2006
Sold by
Huynh Rosa E
Bought by
Huynh Moc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.25%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Acosta Joseph $851,000 Escrow One
Corrigan Michael -- Fntc
Corrigan Michael $325,000 Fntc
Koslo Paul -- Fntc
Koslo Paul $299,000 None Available
Hao Dinh $450,000 Sutic
Huynh Moc -- Sutic
Koslo Paul -- Sutic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Acosta Joseph $531,000
Previous Owner Corrigan Michael $265,000
Previous Owner Corrigan Michael $265,000
Previous Owner Koslo Paul $265,000
Previous Owner Huynh Moc $440,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2024 07/24/24 Sold $851,000 +0.1% $107 / Sq Ft
06/26/2024 06/26/24 Price Changed $850,000 +6.9% $107 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
05/23/2024 05/23/24 For Sale $795,000 -- $100 / 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 $5,502 $851,000 $801,000 $50,000
2024 $5,502 $369,789 $170,672 $199,117
2023 $5,453 $362,539 $167,326 $195,213
2022 $5,356 $355,432 $164,046 $191,386
2021 $5,221 $348,464 $160,830 $187,634
2020 $5,156 $344,892 $159,181 $185,711
2019 $5,072 $338,130 $156,060 $182,070
2018 $5,121 $331,500 $153,000 $178,500
2016 $7,164 $519,474 $346,319 $173,155
2015 $7,075 $511,672 $341,117 $170,555
2014 $7,193 $501,650 $334,435 $167,215
Source: Public Records

Agents Affiliated with this Home

  • Ciji Ripoll

    Seller's Agent in 2024

    Ciji Ripoll

    RE/MAX

    (323) 424-9408

    4 in this area

    9 Total Sales

    Ciji Ripoll
    Section Image
  • Lori Fischer

    Buyer's Agent in 2024

    Lori Fischer

    Coldwell Banker-A Hartwig Co.

    (661) 948-8424

    46 in this area

    160 Total Sales

    Lori Fischer
    Section Image
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Map

Source: Greater Antelope Valley Association of REALTORS®

MLS Number: 24004442

Greater Antelope Valley Association of REALTORS®

APN: 3203-003-045

California Los Angeles County Lancaster 93536 West Lancaster

7344 W Avenue I, Lancaster, CA

This home is located at 7344 W Avenue I, Lancaster, CA 93536 since 23 May 2024 and is currently estimated at $850,117, approximately $107 per square foot. This property was built in 1906. 7344 W Avenue I is a home located in Los Angeles County with nearby schools including Del Sur Senior Elementary School, Quartz Hill High School, and Fabunni Private School Inc..

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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