NOT LISTED FOR SALE

Estimated Value: $238,000 - $298,000

3 Beds
1 Bath
1,804 Sq Ft
$147/Sq Ft Est. Value

Last Sold October 19, 2017

Last sale price $142,000 $79 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $1,647/month

About This Home

As of October 2017

Perfect Investment opportunity for a first time investor or to add to your portfolio. 2 homes on 1 lot features 2 bedrooms and 1 bath each. both have their own entrance and private yard. Don't wait too long to make an offer.

Last Agent to Sell the Property

Victor Vazquez

LPT Realty, Inc. License #01435318 Listed on: 05/25/2017

Last Buyer's Agent

Diana Medina

Pinnacle Estate Properties, In License #01354735

Pinnacle Estate Properties, In

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,100

Year Built

  • Built in 1937

Lot Details

  • 7,535 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,804 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 01504006

Community Details

Overview

  • 2 Units
  • Town Kern Subdivision

Building Details

  • Gross Income $16,800
  • Net Operating Income $12,442

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,100

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1937
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1804.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 7535.00
  • Parcel #: 01504006

Multi Family

  • Total Annual Expense: 4358.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.00
  • Property Net Operating Income: 12442.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2017
Closed on
Sep 13, 2017
Sold by
Irma Martinez Living Trust
Bought by
Garzon Luis A and Garzon Ines M
Seller's Agent
Victor Vazquez
LPT Realty, Inc.
Buyer's Agent
Diana Medina
Pinnacle Estate Properties, In
List Price
$145,000
Sold Price
$142,000
Premium/Discount to List
-$3,000
-2.07%
Current Estimated Value
$265,368

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,368
Avg. Annual Appreciation
8.10%
Original Mortgage
$106,500
Outstanding Balance
$88,743
Interest Rate
3.82%
Mortgage Type
New Conventional
Estimated Equity
$176,625

Purchase Details

Closed on
Dec 24, 2014
Sold by
Springer Scott
Bought by
The Irma Martinez Living Trust

Purchase Details

Closed on
Jan 7, 2011
Sold by
Lucich Ana
Bought by
Springer Scott

Purchase Details

Closed on
Feb 3, 2005
Sold by
Valverde Teresa
Bought by
Lucich Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,800
Interest Rate
5.79%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 10, 2004
Sold by
Medina Marianella
Bought by
Valverde Teresa

Purchase Details

Closed on
Sep 22, 2003
Sold by
Valverde Teresa
Bought by
Valverde Teresa and Medina Marianella

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 2003
Sold by
Medina Marianela
Bought by
Valverde Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 2003
Sold by
Montero Osvaldo Rafael
Bought by
Valverde Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 1, 2003
Sold by
Las Palmas Properties Inc
Bought by
Medina Marianela

Purchase Details

Closed on
Jan 30, 2003
Sold by
Lucero Godeleva R and Lucero Noe
Bought by
Las Palmas Properties Inc
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
Garzon Luis A $142,000 Placer Title Company
The Irma Martinez Living Trust $62,000 Stewart Title Of Ca Inc
Springer Scott $62,000 First American Title Company
Lucich Ana $166,000 First American Title
Valverde Teresa -- --
Valverde Teresa -- --
Valverde Teresa $95,000 Fidelity Title
Valverde Teresa -- Fidelity Title
Medina Marianela $67,000 --
Las Palmas Properties Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garzon Luis A $106,500
Previous Owner Lucich Ana $132,800
Previous Owner Valverde Teresa $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2017 10/19/17 Sold $142,000 -2.1% $79 / Sq Ft
09/19/2017 09/19/17 Pending -- -- --
05/25/2017 05/25/17 For Sale $145,000 -- $80 / 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 $3,100 $161,566 $34,133 $127,433
2024 $3,025 $158,399 $33,464 $124,935
2023 $3,025 $155,294 $32,808 $122,486
2022 $2,935 $152,250 $32,165 $120,085
2021 $2,744 $149,266 $31,535 $117,731
2020 $2,744 $147,736 $31,212 $116,524
2019 $2,625 $147,736 $31,212 $116,524
2018 $2,569 $142,000 $30,000 $112,000
2017 $2,103 $102,519 $31,066 $71,453
2016 $1,968 $100,509 $30,457 $70,052
2015 $1,949 $99,000 $30,000 $69,000
2014 $1,528 $64,795 $15,676 $49,119
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21705930

Bakersfield Association of REALTORS® / GEMLS

APN: 015-040-06-00-8