NOT LISTED FOR SALE

1502 Baker St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $389,000 - $469,000

4 Beds
4 Baths
2,400 Sq Ft
$174/Sq Ft Est. Value

Last Sold May 29, 2015

Last sale price $200,000 $83 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $2,605/month

37 Days on Market

About This Home

As of May 2015

Fourplex Fully Rented & Ready To Be Added To Your Rental Portfolio. Each unit is 1 bedroom, 1 bath, fenced parking area, laundry facility.

Last Agent to Sell the Property

Erlin Casas

Maya Properties License #01360505 Listed on: 03/23/2015

Last Buyer's Agent

Daniel Martinez

Unknown Broker License #01787830

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 8,262 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 01322003

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $25,200
  • Net Operating Income $20,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2400.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 8262.00
  • Parcel #: 01322003

Multi Family

  • Total Annual Expense: 4500.00
  • Vacancy Factor: 100.00
  • Number Of Units Total: 4
  • Annual Gross Income: 25200.00
  • Property Net Operating Income: 20700.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2015
Closed on
Apr 6, 2015
Sold by
Cortez Equities Llc
Bought by
Carabajal Guadalupe and Carabajal Mary N
Seller's Agent
Erlin Casas
Maya Properties
Buyer's Agent
Daniel Martinez
Unknown Broker
List Price
$199,000
Sold Price
$200,000
Premium/Discount to List
$1,000
0.5%
Current Estimated Value
$418,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,719
Avg. Annual Appreciation
7.19%
Original Mortgage
$146,250
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 16, 2011
Sold by
Goldberg Properties Inc
Bought by
Cortez Equities Llc

Purchase Details

Closed on
Jan 25, 2010
Sold by
Alvarado Ovidio
Bought by
Goldberg Properties

Purchase Details

Closed on
Jun 5, 2007
Sold by
Alvarado Ovidio and Alvarenga Sofia
Bought by
Alvarado Ovidio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,000
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2005
Sold by
Kerfoot Michael and Kerfoot Katherine
Bought by
Alvarado Ovidio and Alvarenga Sofia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,500
Interest Rate
1.75%
Mortgage Type
New Conventional
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
Carabajal Guadalupe $200,000 Chicago Title Company
Cortez Equities Llc $74,000 None Available
Goldberg Properties -- None Available
Alvarado Ovidio $138,500 Transnation Title
Alvarado Ovidio $355,000 Alliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carabajal Guadalupe $146,250
Previous Owner Alvarado Ovidio $277,000
Previous Owner Alvarado Ovidio $248,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2015 05/29/15 Sold $200,000 +0.5% $83 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $199,000 -- $83 / 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 $5,243 $240,361 $42,059 $198,302
2024 $5,243 $235,649 $41,235 $194,414
2023 $5,110 $231,029 $40,427 $190,602
2022 $4,943 $226,500 $39,635 $186,865
2021 $4,570 $222,059 $38,858 $183,201
2020 $4,436 $219,783 $38,460 $181,323
2019 $4,352 $219,783 $38,460 $181,323
2018 $4,262 $211,250 $36,967 $174,283
2017 $4,228 $207,109 $36,243 $170,866
2016 $3,957 $203,049 $35,533 $167,516
2015 $2,587 $82,561 $20,901 $61,660
2014 $2,509 $80,945 $20,492 $60,453
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2015

    Erlin Casas

    Maya Properties

    (661) 327-4727

    4 in this area

    24 Total Sales

    Erlin Casas
    Section Image

  • D

    Buyer's Agent in 2015

    Daniel Martinez

    Unknown Broker

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21503266

Bakersfield Association of REALTORS® / GEMLS

APN: 013-220-03-00-7

California Kern County Bakersfield 93305 East Bakersfield

1502 Baker St, 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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