NOT LISTED FOR SALE

8942 E Muscat Ave Del Rey, CA 93616

Estimated Value: $764,000

3 Beds
2 Baths
1,216,195 Sq Ft
$1/Sq Ft Est. Value

Last Sold May 16, 2018

Last sale price $700,000 $1 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $4,908/month

About This Home

As of May 2018

Incredible investment opportunity! Located in a prime agricultural area, this property is nearly 28 acres (per tax records) between two connected parcels. The property is primarily open ground, with an estimated 7 acres of unfarmed Angelino Plums. Both irrigation & domestic well are functioning (per seller), in addition to the property being located in CID, buyer to verify if important. There's a nice 3 bed/2 bath home located on the property, which is currently tenant occupied. Please contact the listing agent for further information, property to be sold in current condition with no upgrades to be made by the seller.

Last Agent to Sell the Property

Brent Sarabian

London Properties, Ltd. License #01852908 Listed on: 03/09/2018

London Properties, Ltd.

Last Buyer's Agent

Brent Sarabian

London Properties, Ltd. License #01852908 Listed on: 03/09/2018

London Properties, Ltd.

Property Details

Property Type

  • Other

Year Built

  • Built in 1949

Lot Details

  • 27.92 Acre Lot

Home Design

  • Farm

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Utilities

  • Property is located within a water district
  • Well
  • Septic Tank

Property Details

Property Type

Other

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Type: Farm
  • Property Sub Type: Open
  • Price Per Square Foot: 438.60
  • Year Built Exception: 0
  • Special Features: None
  • Year Built: 1949

Interior Features

  • Bathrooms: 2.00
  • Bedrooms: 3

Utilities

  • Sewer Septic: Septic Tank
  • Utilities: Electricity Available, Natural Gas Available
  • Water Source: Well, District Water Avail

Condo/Co-op/Association

  • Association: Fresno MLS

Lot Info

  • Topography: Level to Grade
  • Acres: 27.9200
  • Lot Measurement: Acres
  • Lot Size Sq Ft: 1216195.00
  • Price Per Acre: 25071.63
  • Domestic Wells: None
  • Irrigation Wells: One
  • Major Crop Type: Open Land

Building Info

  • Year Built: 1949

MLS Schools

  • School District 2: Sanger
  • School Type: High School
  • School Name: Sanger
  • School Type: Junior High School
  • School Name: Washington Academic
  • School Type: Grade School
  • School Name: Lone Star
  • Schools Comment: buyer to verify

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Aredjian Liliane I and Hrair And Liliane Aredjian Family Trust
Bought by
Siddiqui Kauser Mehbub and Rahman Nadeem Ur
Current Estimated Value
$764,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,794
Outstanding Balance
$206,172
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$557,828

Purchase Details

Listed on
Mar 9, 2018
Closed on
Mar 28, 2018
Sold by
Wood Lois C and Uyemura Robert
Bought by
Aredjian Hrair and Arejian Liliane
Seller's Agent
Brent Sarabian
London Properties, Ltd.
Buyer's Agent
Brent Sarabian
London Properties, Ltd.
List Price
$700,000
Sold Price
$700,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.15%
Original Mortgage
$490,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2014
Sold by
Wood Lois and Uyemura Robert
Bought by
Wood Lois C

Purchase Details

Closed on
Dec 27, 2010
Sold by
Wood Lois and Uyemura Robert
Bought by
Wood Lois and Uyemura Robert

Purchase Details

Closed on
Jan 4, 1995
Sold by
Uyemura James
Bought by
Uyemura James and Wood Lois
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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Purchase History

Date Buyer Sale Price Title Company
Siddiqui Kauser Mehbub $1,008,000 Chicago Title
Aredjian Hrair $700,000 Orange Coast Title Company O
Wood Lois C -- None Available
Wood Lois -- None Available
Uyemura James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Siddiqui Kauser Mehbub $242,794
Closed Siddiqui Kauser Mehbub $260,000
Previous Owner Aredjian Hrair $490,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2018 05/16/18 Sold $700,000 0.0% $1 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $700,000 -- $1 / Sq Ft
Source: Fresno MLS

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 $10,959 $715,788 $611,708 $104,080
2023 $9,427 $687,995 $587,955 $100,040
2022 $9,190 $674,506 $576,427 $98,079
2021 $9,123 $661,281 $565,125 $96,156
2020 $8,593 $631,002 $549,331 $81,671
2019 $8,436 $618,630 $538,560 $80,070
2018 $2,237 $155,602 $86,479 $69,123
2017 $2,212 $153,119 $84,784 $68,335
2016 $2,131 $152,792 $83,122 $69,670
2015 $2,114 $147,769 $81,874 $65,895
2014 $4,020 $341,145 $269,219 $71,926
Source: Public Records

Agents Affiliated with this Home

  • Brent Sarabian

    Seller's Agent in 2018

    Brent Sarabian

    London Properties, Ltd.

    (559) 709-1668

    16 Total Sales

    Brent Sarabian
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Map

Source: Fresno MLS

MLS Number: 498375

Fresno MLS

APN: 331-040-43

California Fresno County Del Rey 93616

8942 E Muscat Ave, Del Rey, CA

Not Listed for Sale

Other

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