NOT LISTED FOR SALE

1320 Reddick Ln Bakersfield, CA 93312

Greenacres Neighborhood

Estimated Value: $761,000 - $995,000

8 Beds
4 Baths
3,136 Sq Ft
$286/Sq Ft Est. Value

Last Sold March 19, 2018

Last sale price $585,000 $187 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $5,589/month

22 Days on Market

About This Home

As of March 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: 01/26/2018

Last Buyer's Agent

Louise Juracek

Open Door Real Estate License #852119

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2002

Lot Details

  • 0.33

Parking

  • 4 Car Garage

Schools

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

Additional Features

  • 1-Story Property
  • 0.33 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 11041102

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $45,300
  • Net Operating Income $30,870

Property Details

Home Type

Multi-Family

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2002
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

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: 14374.00
  • Parcel #: 11041102

Multi Family

  • Total Annual Expense: 14426.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 45300.00
  • Property Net Operating Income: 30870.00

MLS Schools

  • Elementary School: Rosedale North

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2018
Closed on
Feb 1, 2018
Sold by
Corbett John R and Corbett Maria Lorna G
Bought by
Schroeder Rick and Schroeder Maria
Seller's Agent
Adriana aguirre
Open Door Real Estate
Buyer's Agent
Louise Juracek
Open Door Real Estate
List Price
$575,000
Sold Price
$585,000
Premium/Discount to List
$10,000
1.74%
Current Estimated Value
$898,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$313,056
Avg. Annual Appreciation
5.60%
Original Mortgage
$385,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 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
$308,000
Interest Rate
6.12%
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
Schroeder Rick $585,000 Chicago Title Co
Corbett John R $385,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schroeder Rick $385,000
Previous Owner Corbett John R $308,000
Closed Corbett John R $38,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/19/2018 03/19/18 Sold $585,000 +1.7% $187 / Sq Ft
02/17/2018 02/17/18 Pending -- -- --
01/26/2018 01/26/18 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 $9,871 $665,625 $130,848 $534,777
2024 $9,871 $652,575 $128,283 $524,292
2023 $9,642 $639,780 $125,768 $514,012
2022 $9,433 $627,236 $123,302 $503,934
2021 $9,315 $614,938 $120,885 $494,053
2020 $9,050 $608,634 $119,646 $488,988
2019 $8,911 $608,634 $119,646 $488,988
2018 $7,431 $470,000 $94,000 $376,000
2017 $7,435 $470,000 $94,000 $376,000
2016 $7,044 $460,000 $92,000 $368,000
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
  • Louise Juracek

    Buyer's Agent in 2018

    Louise Juracek

    Open Door Real Estate

    (661) 331-2554

    122 Total Sales

    Louise Juracek
    Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21801050

Bakersfield Association of REALTORS® / GEMLS

APN: 110-411-02-00-4

California Kern County Bakersfield 93312 Greenacres

1320 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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