NOT LISTED FOR SALE

1503 Terrace Way Bakersfield, CA 93304

Southgate Neighborhood

Estimated Value: $47,000 - $48,189

0.06 Acre
$793,250 Price per Acre
2,613 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $43,000 $25 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $366/month

About This Lot

As of June 2023

Great central location. Zoned commercial, but grandfathered in as a 2 story duplex. Previous duplex demolished due to fire damage. Great builder investor opportunity. Seller willing to carry a note.

Last Agent to Sell the Property

Ryan Fox

Unknown Broker License #01471574 Listed on: 04/28/2023

Last Buyer's Agent

Valeria Puente

Valeria Puente, Broker License #02036188

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,391

Lot Details

  • 2,613 Sq Ft Lot
  • Zoning described as Zoned commercial.

Schools

  • Wayside Elementary School
  • Sequoia Middle School
  • West High School

Listing and Financial Details

  • Assessor Parcel Number 01115108

Property Details

Property Type

Land

Est. Annual Taxes

$1,391

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: Lot
  • Lot Size Acres: 0.0600
  • Special Features: None

Exterior Features

  • Water District: Kern

Schools

  • High School: West
  • Middle Or Junior School: Sequoia

Lot Info

  • Zoning Description: Zoned commercial.
  • Lot Size Sq Ft: 2613.00
  • Parcel #: 01115108

MLS Schools

  • Elementary School: Wayside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
May 16, 2023
Sold by
Carnation Family Llc
Bought by
Naftaly Investments Inc
Seller's Agent
Ryan Fox
Unknown Broker
Buyer's Agent
Valeria Puente
Valeria Puente, Broker
List Price
$45,000
Sold Price
$43,000
Premium/Discount to List
-$2,000
-4.44%
Views
179
Current Estimated Value
$47,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,595
Avg. Annual Appreciation
4.43%

Purchase Details

Listed on
Apr 2, 2021
Closed on
Apr 19, 2021
Sold by
Lopez Milagro and Lopez Luis
Bought by
Carnation Family Llc
Seller's Agent
David Powell
Miramar Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$214,000
Sold Price
$212,000
Premium/Discount to List
-$2,000
-0.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.88%
Original Mortgage
$171,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 1998
Sold by
Pasquini John F
Bought by
Lopez Luis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,800
Interest Rate
7.02%
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
Naftaly Investments Inc $43,000 California Best Title
Carnation Family Llc $212,000 Chicago Title Co
Lopez Luis $51,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carnation Family Llc $171,000
Previous Owner Lopez Luis $40,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2023 06/16/23 Sold $43,000 -4.4% $25 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
04/28/2023 04/28/23 For Sale $45,000 -78.8% $26 / Sq Ft
05/04/2021 05/04/21 Sold $212,000 -0.9% $122 / Sq Ft View Prior Sale
04/04/2021 04/04/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $214,000 -- $124 / 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 $1,391 $44,737 $44,737 --
2024 $1,403 $43,860 $43,860 --
2023 $1,403 $46,818 $46,818 $0
2022 $3,695 $216,240 $45,900 $170,340
2021 $1,857 $75,208 $22,112 $53,096
2020 $1,791 $74,438 $21,886 $52,552
2019 $1,757 $74,438 $21,886 $52,552
2018 $1,723 $71,549 $21,037 $50,512
2017 $1,708 $70,147 $20,625 $49,522
2016 $1,613 $68,772 $20,221 $48,551
2015 $1,595 $67,740 $19,918 $47,822
2014 $1,546 $66,414 $19,528 $46,886
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Ryan Fox

    Unknown Broker

    Section Image

  • V

    Buyer's Agent in 2023

    Valeria Puente

    Valeria Puente, Broker

    Section Image
  • David Powell

    Seller's Agent in 2021

    David Powell

    Miramar Realty

    (661) 205-5405

    2 in this area

    57 Total Sales

    David Powell
    Section Image

  • N

    Buyer's Agent in 2021

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202303395

Bakersfield Association of REALTORS® / GEMLS

APN: 011-151-08-00-5

California Kern County Bakersfield 93304 Southgate

1503 Terrace Way, Bakersfield, CA

This home is located at 1503 Terrace Way, Bakersfield, CA 93304 since 28 April 2023 and is currently estimated at $47,595, approximately $27 per square foot. 1503 Terrace Way is a home located in Kern County with nearby schools including Evergreen Elementary School, Curran Middle School, and West 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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