NOT LISTED FOR SALE

1012 Wilson Ave Bakersfield, CA 93308

Estimated Value: $276,000 - $324,000

6 Beds
4 Baths
2,123 Sq Ft
$142/Sq Ft Est. Value

Last Sold February 16, 2016

Last sale price $138,500 $65 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $1,936/month

83 Days on Market

About This Home

As of February 2016

Large duplex in a great rental area. This steady cash flow property has two 3 bedroom 2 bathroom units, each renting for $695 per month, for a total of $1,390 in monthly cash flow. Great opportunity for an investment.

Last Agent to Sell the Property

Seth Johnson

Seth Johnson, Broker License #01469072 Listed on: 10/26/2015

Last Buyer's Agent

Jason Neiss

Unknown Broker License #01922401

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 6,197 Sq Ft Lot

Parking

  • Carport

Home Design

  • Duplex

Interior Spaces

  • 2,123 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 11111406

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $16,680
  • Net Operating Income $9,480

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1971
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2123.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Central AC,Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 6197.00
  • Parcel #: 11111406

Multi Family

  • Total Annual Expense: 7200.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 16680.00
  • Property Net Operating Income: 9480.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2015
Closed on
Mar 3, 2016
Sold by
Rivas Jose M
Bought by
Rivas Jose M and Rivas Justina G
Seller's Agent
Seth Johnson
Seth Johnson, Broker
Buyer's Agent
Jason Neiss
Unknown Broker
List Price
$148,900
Sold Price
$138,500
Premium/Discount to List
-$10,400
-6.98%
Current Estimated Value
$312,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$174,175
Avg. Annual Appreciation
8.13%
Original Mortgage
$103,875
Outstanding Balance
$82,668
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$219,078

Purchase Details

Listed on
Oct 26, 2015
Closed on
Feb 4, 2016
Sold by
Rivas Justina G
Bought by
Rivas Jose M
Seller's Agent
Seth Johnson
Seth Johnson, Broker
Buyer's Agent
Jason Neiss
Unknown Broker
List Price
$148,900
Sold Price
$138,500
Premium/Discount to List
-$10,400
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,875
Outstanding Balance
$82,668
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$219,078

Purchase Details

Listed on
Oct 26, 2015
Closed on
Jan 19, 2016
Sold by
Vision Acquisitions Llc
Bought by
Rivas Jose M
Seller's Agent
Seth Johnson
Seth Johnson, Broker
Buyer's Agent
Jason Neiss
Unknown Broker
List Price
$148,900
Sold Price
$138,500
Premium/Discount to List
-$10,400
-6.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,875
Outstanding Balance
$82,668
Interest Rate
3.98%
Mortgage Type
New Conventional
Estimated Equity
$219,078

Purchase Details

Closed on
Dec 16, 2009
Sold by
Martinez Ramon and Martinez Margarita
Bought by
Vision Acquisitions Llc

Purchase Details

Closed on
Nov 7, 2005
Sold by
Cardenas Jose
Bought by
Martinez Ramon and Martinez Margarita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2005
Sold by
Magana Maria and Cardenas Jose
Bought by
Cardenas Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.24%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Nov 10, 1995
Sold by
Duffield John D and Duffield Melanie A
Bought by
Magana Maria and Cardenas Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,951
Interest Rate
7.47%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 1, 1994
Sold by
Glendale Federal Bank
Bought by
Duffield John D and Duffield Melanie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,500
Interest Rate
8.86%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 28, 1994
Sold by
Verdugo Service Corp
Bought by
Glendale Federal Bank
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
Rivas Jose M -- None Available
Rivas Jose M -- Chicago Title Company
Rivas Jose M $138,500 Chicago Title Company
Vision Acquisitions Llc -- None Available
Martinez Ramon $315,000 Stewart Title
Cardenas Jose -- Ticor Title
Cardenas Jose $50,000 Ticor Title
Magana Maria $66,000 Fidelity National Title
Duffield John D $35,000 Commonwealth Land Title Co
Glendale Federal Bank $40,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rivas Jose M $103,875
Previous Owner Martinez Ramon $283,500
Previous Owner Cardenas Jose $135,000
Previous Owner Magana Maria $65,951
Previous Owner Duffield John D $31,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2016 02/16/16 Sold $138,500 -7.0% $65 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
10/26/2015 10/26/15 For Sale $148,900 -- $70 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $3,759 $164,542 $35,511 $129,031
2024 $3,647 $161,316 $34,815 $126,501
2023 $3,647 $158,154 $34,133 $124,021
2022 $3,430 $155,054 $33,464 $121,590
2021 $3,254 $152,014 $32,808 $119,206
2020 $3,122 $150,456 $32,472 $117,984
2019 $3,091 $150,456 $32,472 $117,984
2018 $2,987 $144,615 $31,212 $113,403
2017 $2,930 $141,780 $30,600 $111,180
2016 $2,246 $92,679 $21,806 $70,873
2015 $2,199 $91,288 $21,479 $69,809
2014 $2,153 $89,501 $21,059 $68,442
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Seth Johnson

    Seth Johnson, Broker

    1 Total Sale

    Seth Johnson
    Section Image

  • J

    Buyer's Agent in 2016

    Jason Neiss

    Unknown Broker

    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21512796

Bakersfield Association of REALTORS® / GEMLS

APN: 111-114-06-00-7

California Kern County Bakersfield 93308

1012 Wilson Ave, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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