$160,000
SOLD AUG 12, 2025

1218 Water St Bakersfield, CA 93305

East Bakersfield Neighborhood
2 Beds
1 Bath
1,042 Sq Ft
7,840 Sq Ft Lot

Recently Sold

$154 Per Sq Ft

36% Below List Price

16 Days on Market

About This Home

As of August 2025

Attention Investors & Savvy Buyers!This two-bedroom, one-bath gem with Bonus room is packed with potential and ready for your finishing touch. Whether you're looking for your next fix-and-flip or a personal project to make your own, this property offers major value with most of the heavy lifting already doneRoof is 6 years old ,updated Windows , AC Unit,Updated Plumbing ,Electrical,New InsulationUpgraded 2x6 Framing in the bathroom, adjacent room, dining, and kitchen,New 5/8 SheetrockThroughoutNew Garage Door,Tankless Water Heater.Cash or hard money offers only this one won't last long.Call now to schedule a showing before it's gone!

Last Agent to Sell the Property

Monica Madrigal

Next Level Realty - Miramar License #02126002 Listed on: 07/13/2025

Last Buyer's Agent

Jesse Roman

Dream Home Realty License #02198694

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,705

Year Built

  • Built in 1947

Parking

  • 1 Car Garage

Interior Spaces

  • 1,042 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Schools

  • Noble Elementary School
  • Washington Middle School
  • Highland School

Additional Features

  • 7,840 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12603317

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,705

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1947
  • Building Stories: 1
  • Solar Owned Leased: None
  • Deposit Amount Required: 5000.00
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.1800
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement Bathrooms: 1.00
  • Total Bedrooms: 2
  • Living Area: 1042.00

Exterior Features

  • Disclosures: None of the Above
  • Pool Features: None

Garage/Parking

  • Parking Features: 1 Car Garage

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Highland
  • Middle Or Junior School: Washington

Lot Info

  • Zoning Description: r-1
  • Lot Size Sq Ft: 7840.00
  • Parcel #: 12603317

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Elementary School: Noble, Myra A.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2025
Closed on
Aug 5, 2025
Sold by
Ornelas Ismael Carrillo
Bought by
Lambarena Investment Llc
Seller's Agent
Monica Madrigal
Next Level Realty - Miramar
Buyer's Agent
Jesse Roman
Dream Home Realty
List Price
$250,000
Sold Price
$160,000
Premium/Discount to List
-$90,000
-36%
Views
30

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4245.25%
Original Mortgage
$180,000
Outstanding Balance
$179,846
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$28,498
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 Type Sale Price Title Company
Grant Deed $160,000 Lennar Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $180,000 New Conventional
Previous Owner $95,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2025 09/04/25 For Sale $279,000 +74.4% $268 / Sq Ft
08/12/2025 08/12/25 Sold $160,000 +18.5% $154 / Sq Ft
07/29/2025 07/29/25 Pending -- -- --
07/25/2025 07/25/25 Price Changed $135,000 -46.0% $130 / Sq Ft
07/13/2025 07/13/25 For Sale $250,000 -- $240 / 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 $1,705 $73,961 $17,383 $56,578
2024 $1,647 $72,512 $17,043 $55,469
2023 $1,647 $71,091 $16,709 $54,382
2022 $1,561 $69,698 $16,382 $53,316
2021 $1,466 $68,332 $16,061 $52,271
2020 $1,428 $67,633 $15,897 $51,736
2019 $1,375 $67,633 $15,897 $51,736
2018 $1,338 $65,009 $15,281 $49,728
2017 $1,319 $63,735 $14,982 $48,753
2016 $1,134 $62,487 $14,689 $47,798
2015 $1,132 $61,550 $14,469 $47,081
2014 $1,100 $60,345 $14,186 $46,159
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jesse Roman

    Dream Home Realty

    1 in this area

    25 Total Sales

    Jesse Roman
    Section Image

  • M

    Seller's Agent in 2025

    Monica Madrigal

    Next Level Realty - Miramar

    2 in this area

    29 Total Sales

    Monica Madrigal
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202507891

Bakersfield Association of REALTORS® / GEMLS

APN: 126-033-17-00-7

California Kern County Bakersfield 93305 East Bakersfield

1218 Water St, Bakersfield, CA

This home is located at 1218 Water St, Bakersfield, CA 93305 and is currently priced at $160,000, approximately $153 per square foot. This property was built in 1947. 1218 Water St is a home located in Kern County with nearby schools including Myra A. Noble Elementary School, Washington Middle School, and Highland High School.

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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