NOT LISTED FOR SALE

1602 Lincoln St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $255,475 - $525,000

2 Beds
1 Bath
2,496 Sq Ft
$144/Sq Ft Est. Value

Last Sold July 26, 2013

Last sale price $110,000 $44 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $2,361/month

33 Days on Market

About This Home

As of July 2013

2-story fourplex on corner lot in popular East Bakersfield rental area. Repairs needed, priced accordingly. Excellent added value opportunity. Each unit is 1 bedroom/1 bath with projected rents at $550-600 each after fix-up. Boarded up for security.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 05/24/2013

Keller Williams Realty

Last Buyer's Agent

Alicia Martinez

Executive Realty & Investments License #01475549

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,035

Year Built

  • Built in 1978

Lot Details

  • 7,500 Sq Ft Lot

Interior Spaces

  • 2,496 Sq Ft Home
  • 2-Story Property

Parking

  • 6 Car Parking Spaces
  • Uncovered Parking

Schools

  • Williams Bak Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 12816010

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $28,800
  • Net Operating Income $18,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,035

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1978
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2496.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 6.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

  • High School: East
  • Middle Or Junior School: Stiern, Walter

Lot Info

  • Lot Size Sq Ft: 7500.00
  • Parcel #: 12816010

Multi Family

  • Total Annual Expense: 10080.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 28800.00
  • Property Net Operating Income: 18720.00

MLS Schools

  • Elementary School: Williams_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2013
Closed on
Jul 18, 2013
Sold by
California Cash For Homes Inc
Bought by
Castillo Franklin J and Franklin J Castillo Trust
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Alicia Martinez
Executive Realty & Investments
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Current Estimated Value
$358,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$248,869
Avg. Annual Appreciation
10.25%

Purchase Details

Closed on
Dec 19, 2012
Sold by
The Bank Of New York Mellon
Bought by
California Cash For Homes Inc

Purchase Details

Closed on
Oct 9, 2012
Sold by
Serrano Ignacio
Bought by
The Bank Of New York Mellon and Jpmorgan Chase Bank N A

Purchase Details

Closed on
Aug 29, 2012
Sold by
Serrano Ignacio
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Jan 31, 2006
Sold by
Dejesus Velasco Ramon M and Dejesus Velasco Maria
Bought by
Serrano Ignacio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
6.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
May 8, 2003
Sold by
Sparano James and Sparano Jennifer
Bought by
Velasco Ramon M and Velasco Maria De Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 2001
Sold by
Garone Veronica and The Garone Family Trust
Bought by
Sparano James and Sparano Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,250
Interest Rate
6.83%

Purchase Details

Closed on
Jun 24, 1997
Sold by
Garone Gary Lee and Garone Veronica Gail
Bought by
Garone Gary and Garone Veronica

Purchase Details

Closed on
Mar 24, 1994
Sold by
Greenwood Malcolm E and Greenwood Dorothy A
Bought by
Garone Gary Lee and Garone Veronica Gail
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
Castillo Franklin J $110,000 Placer Title Company
California Cash For Homes Inc $75,000 North American Title Co
The Bank Of New York Mellon $93,150 Landsafe Title
The Bank Of New York Mellon $93,150 Landsafe Title
Serrano Ignacio $320,000 Chicago Title Company
Velasco Ramon M $149,000 Stewart Title
Sparano James $71,500 --
Garone Gary -- --
Garone Gary Lee $30,000 Heritage Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Serrano Ignacio $58,000
Previous Owner Serrano Ignacio $256,000
Previous Owner Velasco Ramon M $119,200
Previous Owner Sparano James $54,250
Closed Sparano James $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2013 07/26/13 Sold $110,000 -8.3% $44 / Sq Ft
06/26/2013 06/26/13 Pending -- -- --
05/24/2013 05/24/13 For Sale $120,000 -- $48 / 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 $5,035 $134,833 $49,029 $85,804
2024 $5,035 $132,190 $48,068 $84,122
2023 $4,840 $129,599 $47,126 $82,473
2022 $4,437 $127,058 $46,202 $80,856
2021 $4,089 $124,568 $45,297 $79,271
2020 $3,939 $123,292 $44,833 $78,459
2019 $3,785 $123,292 $44,833 $78,459
2018 $3,678 $118,506 $43,093 $75,413
2017 $3,619 $116,184 $42,249 $73,935
2016 $3,093 $113,907 $41,421 $72,486
2015 $3,091 $112,197 $40,799 $71,398
2014 $3,021 $110,000 $40,000 $70,000
Source: Public Records

Agents Affiliated with this Home

  • Philip Jordan

    Seller's Agent in 2013

    Philip Jordan

    Keller Williams Realty

    (661) 553-5767

    25 in this area

    139 Total Sales

    Philip Jordan
    Section Image

  • A

    Buyer's Agent in 2013

    Alicia Martinez

    Executive Realty & Investments

    (661) 319-2719

    5 in this area

    33 Total Sales

    Alicia Martinez
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21304957

Bakersfield Association of REALTORS® / GEMLS

APN: 128-160-10-00-7

California Kern County Bakersfield 93305 East Bakersfield

1602 Lincoln St, Bakersfield, CA

This home is located at 1602 Lincoln St, Bakersfield, CA 93305 since 24 May 2013 and is currently estimated at $358,869, approximately $143 per square foot. This property was built in 1978. 1602 Lincoln St is a home located in Kern County with nearby schools including College Heights Elementary School, Compton Junior High School, and East Bakersfield 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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