NOT LISTED FOR SALE

Estimated Value: $261,000 - $312,000

3 Beds
2 Baths
1,444 Sq Ft
$198/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $212,000 $147 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,831/month

44 Days on Market

About This Home

As of December 2021

Attention investors! Tremendous cash-flow property that is an easy turn-key add to your portfolio! Fully occupied 2-unit property with solid long-term tenants in North-East Bakersfield with easy access to schools, parks, restaurants, and employment. Great rental area! Each unit has 2 bedrooms , 1 bath, 2 car garage, Laundry hook ups, and a full kitchen.

Last Agent to Sell the Property

Nelson Cantu

Keller Williams Realty License #02023259 Listed on: 10/07/2021

Keller Williams Realty

Co-Listed By

Jose Perez

Century 21 Jordan-Link & Co License #02049696

Last Buyer's Agent

Elsa Fernandez-Mercado

Keller Williams Realty License #01968838

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,316

Year Built

  • Built in 1940

Lot Details

  • 10,018 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,444 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • 6 Car Parking Spaces

Schools

  • East High School

Listing and Financial Details

  • Assessor Parcel Number 01503019

Community Details

Overview

  • 2 Units
  • Town Kern Subdivision

Building Details

  • Gross Income $19,500
  • Net Operating Income $8,088

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,316

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1940
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Co List Office Mls Id: 13126
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1444.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 6.00
  • Parking Features: Carport

Utilities

  • Heatcool: Other

Schools

  • High School: East
  • Middle Or Junior School: Other-Outlying

Lot Info

  • Lot Size Sq Ft: 10018.00
  • Parcel #: 01503019

Multi Family

  • Total Annual Expense: 2896.92
  • Vacancy Factor: 0.01
  • Number Of Units Total: 2
  • Annual Gross Income: 19500.00
  • Property Net Operating Income: 8088.00

MLS Schools

  • Elementary School: Other-Outlying

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Oct 29, 2021
Sold by
Chavez Efrain Ortega
Bought by
Martinez Carlos
Seller's Agent
Nelson Cantu
Keller Williams Realty
Buyer's Agent
Elsa Fernandez-Mercado
Keller Williams Realty
List Price
$224,900
Sold Price
$212,000
Premium/Discount to List
-$12,900
-5.74%
Current Estimated Value
$285,880

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,880
Avg. Annual Appreciation
8.23%
Original Mortgage
$159,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 18, 2006
Sold by
Chavez Efrain Ortega and Ortega Maria L
Bought by
Chavez Efrain Ortega

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
6.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 2004
Sold by
Ortega Efrain
Bought by
Ortega Efrain and Ortega Maria L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2002
Sold by
Witte Kenneth Allan and Witte Virgie Brewer
Bought by
Ortega Efrain and Ortega Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,354
Interest Rate
6.86%
Mortgage Type
FHA
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
Martinez Carlos $212,000 Chicago Title Company
Chavez Efrain Ortega -- Fidelity National Title Co
Ortega Efrain -- Chicago Title
Ortega Efrain $72,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martinez Carlos $171,000
Previous Owner Martinez Carlos $159,000
Previous Owner Chavez Efrain Ortega $123,700
Previous Owner Chavez Efrain Ortega $153,000
Previous Owner Ortega Efrain $15,000
Previous Owner Ortega Efrain $92,000
Previous Owner Ortega Efrain $71,354
Closed Ortega Efrain $4,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $212,000 -5.7% $147 / Sq Ft
11/20/2021 11/20/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $224,900 -- $156 / 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 $3,316 $224,974 $63,672 $161,302
2024 $3,316 $220,564 $62,424 $158,140
2023 $3,241 $216,240 $61,200 $155,040
2022 $3,169 $212,000 $60,000 $152,000
2021 $1,697 $97,014 $22,095 $74,919
2020 $1,697 $96,020 $21,869 $74,151
2019 $1,627 $96,020 $21,869 $74,151
2018 $1,598 $92,294 $21,021 $71,273
2017 $1,595 $90,485 $20,609 $69,876
2016 $1,482 $88,711 $20,205 $68,506
2015 $1,158 $87,379 $19,902 $67,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202110977

Bakersfield Association of REALTORS® / GEMLS

APN: 015-030-19-00-3