NOT LISTED FOR SALE

111 Hughes Ave Bakersfield, CA 93308

Estimated Value: $285,000 - $332,000

4 Beds
2 Baths
1,560 Sq Ft
$200/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $157,000 $101 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $1,963/month

62 Days on Market

About This Home

As of August 2019

Great investment opportunity affordably priced. 2 units both 2 bedrooms, 1 bathroom with very low rents the first unit rents for $600.00 and the second for $600.00 Seller will carry the loan on the property for 15 years with 20% down payment $32,980.00 @ 7% interest monthly payment as low as $1,185.73

Last Agent to Sell the Property

Jimmy White

Unknown Broker License #01459246 Listed on: 05/23/2019

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,882

Year Built

  • Built in 1982

Lot Details

  • 5,227

Home Design

  • Duplex

Additional Features

  • 1-Story Property
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 11809316

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $14,400
  • Net Operating Income $13,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,882

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1982
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Evaporative

Lot Info

  • Parcel #: 11809316

Multi Family

  • Total Annual Expense: 1000.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 14400.00
  • Property Net Operating Income: 13400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2019
Closed on
Aug 2, 2019
Sold by
Bonner David and Winchester Julie
Bought by
Cruz Isidro
Seller's Agent
Jimmy White
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$164,900
Sold Price
$157,000
Premium/Discount to List
-$7,900
-4.79%
Current Estimated Value
$303,180

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,180
Avg. Annual Appreciation
12.02%
Original Mortgage
$140,165
Outstanding Balance
$123,024
Interest Rate
3.7%
Estimated Equity
$188,595

Purchase Details

Closed on
Jan 10, 2012
Sold by
Bonner David and Winchester Julie Ann
Bought by
Bonner David and Winchester Julie

Purchase Details

Closed on
Mar 4, 2009
Sold by
Wells Fargo Bank Na
Bought by
Booner David and Winchester Julie Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,000
Interest Rate
5.03%

Purchase Details

Closed on
Aug 20, 2008
Sold by
Rodriguez Olga L and Rodriguez Fausto
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 15, 2006
Sold by
Rodriguez Olga L and Rodriguez Fausto
Bought by
Rodriguez Fausto and Rodriguez Olga L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.87%

Purchase Details

Closed on
Oct 25, 2005
Sold by
Christian Buddy E
Bought by
Rodriguez Fausto and Rodriguez Olga L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
2.5%
Source: Public Records

Range of Values:

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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
Cruz Isidro $157,000 Stewart Title Of Ca Inc
Bonner David -- Ticor Title Company Of Ca
Booner David $61,000 First American Title Company
Wells Fargo Bank Na $130,500 Landsafe Title
Rodriguez Fausto -- Commonwealth Land Title Co
Rodriguez Fausto $205,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cruz Isidro $140,165
Previous Owner Booner David $42,000
Previous Owner Rodriguez Fausto $240,000
Previous Owner Rodriguez Fausto $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $157,000 -4.8% $101 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
05/23/2019 05/23/19 For Sale $164,900 -- $106 / 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 $3,882 $171,697 $32,807 $138,890
2024 $3,741 $168,331 $32,164 $136,167
2023 $3,741 $165,032 $31,534 $133,498
2022 $3,536 $161,797 $30,916 $130,881
2021 $3,361 $158,625 $30,310 $128,315
2020 $3,210 $157,000 $30,000 $127,000
2019 $2,140 $71,813 $23,544 $48,269
2018 $2,058 $69,027 $22,631 $46,396
2017 $2,026 $67,675 $22,188 $45,487
2016 $1,916 $66,349 $21,753 $44,596
2015 $1,893 $65,354 $21,427 $43,927
2014 $1,858 $64,075 $21,008 $43,067
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21906238

Bakersfield Association of REALTORS® / GEMLS

APN: 118-093-16-00-3