NOT LISTED FOR SALE

1302 Reddick Ln Bakersfield, CA 93312

Greenacres Neighborhood

Estimated Value: $754,000 - $996,000

8 Beds
4 Baths
3,136 Sq Ft
$285/Sq Ft Est. Value

Last Sold January 29, 2018

Last sale price $575,000 $183 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $5,462/month

9 Days on Market

About This Home

As of January 2018

Rare opportunity!! Highly sought after 4plex in the Northwest Bakersfield near Liberty High School. Location, Location, Location!! NO HOA FEES!!! High tenant demand with top quality tenants. All units are 2 bedrooms, 1 bath with laundry hookups and 1 car garage with plenty of room for additional parking. Built in 2002, this property us close to restaurants, shopping, freeway access and award winning schools. Fully occupied. Rents are at $950. Some neighboring apartments are being upgraded and getting rents in the $1100-$1200 range. Extremely low vacancy factor.

Last Agent to Sell the Property

Adriana aguirre

Open Door Real Estate License #01937258 Listed on: 12/21/2017

Last Buyer's Agent

John Garone

Locator Real Estate Co. License #1165021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 0.26 Acre Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 3,136 Sq Ft Home
  • 1-Story Property

Schools

  • Rosedale North Elementary School
  • Rosedale Middle School
  • Liberty High School

Listing and Financial Details

  • Assessor Parcel Number 11041105

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $45,600
  • Net Operating Income $31,795

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2003
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3136.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 12.00
  • Parking Features: Garage
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Liberty
  • Middle Or Junior School: Rosedale

Lot Info

  • Lot Size Sq Ft: 11326.00
  • Parcel #: 11041105

Multi Family

  • Total Annual Expense: 13805.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.00
  • Property Net Operating Income: 31795.00

MLS Schools

  • Elementary School: Rosedale North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2017
Closed on
Jan 9, 2018
Sold by
Corbett John R and Corbett Maria Lorna G
Bought by
Phares Robert and Phares Mary Lynn
Seller's Agent
Adriana aguirre
Open Door Real Estate
Buyer's Agent
John Garone
Locator Real Estate Co.
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$893,608

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,608
Avg. Annual Appreciation
5.67%

Purchase Details

Closed on
Mar 6, 2003
Sold by
Parkside 88 Corp
Bought by
Corbett John R and Corbett Maria Lorna G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage
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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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
Phares Robert $575,000 Chicago Title Co
Corbett John R $345,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Corbett John R $276,000
Closed Corbett John R $51,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2018 01/29/18 Sold $575,000 0.0% $183 / Sq Ft
12/30/2017 12/30/17 Pending -- -- --
12/21/2017 12/21/17 For Sale $575,000 -- $183 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $9,749 $654,247 $130,848 $523,399
2024 $9,749 $641,420 $128,283 $513,137
2023 $9,522 $628,844 $125,768 $503,076
2022 $9,314 $616,514 $123,302 $493,212
2021 $9,198 $604,427 $120,885 $483,542
2020 $8,933 $598,230 $119,646 $478,584
2019 $8,796 $598,230 $119,646 $478,584
2018 $7,085 $439,132 $89,094 $350,038
2017 $6,990 $430,523 $87,348 $343,175
2016 $6,638 $422,083 $85,636 $336,447
2015 $5,785 $345,000 $52,000 $293,000
2014 $6,072 $376,500 $70,000 $306,500
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Adriana aguirre

    Open Door Real Estate

    (661) 578-8380

    1 in this area

    48 Total Sales

    Adriana aguirre
    Section Image

  • J

    Buyer's Agent in 2018

    John Garone

    Locator Real Estate Co.

    17 Total Sales

    John Garone
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21714276

Bakersfield Association of REALTORS® / GEMLS

APN: 110-411-05-00-3

California Kern County Bakersfield 93312 Greenacres

1302 Reddick Ln, 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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