NOT LISTED FOR SALE

1618 Terrace Way Unit ABC Bakersfield, CA 93304

Southgate Neighborhood

Estimated Value: $416,000 - $567,000

4 Beds
1 Bath
2,213 Sq Ft
$227/Sq Ft Est. Value

Sale Details

Date Sold: December 17, 2021

Last sale price $432,500 $195 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,349 / mo

14 Days on Market

About This Home

As of December 2021

Amazing addition to any rental portfolio OR great potential for a live in one and subsidize your mortgage! These units have been loved on and it shows! This property features a 2 bedroom, 2 bathroom main home that is detached and has central air/heat, its own laundry room, 1 car garage and own back/front yard space. There is additionally a duplex with identical 1 bedroom, 1 bathroom units that each have window coolers as well as wall heater, the duplex shares a gated back yard as well as a laundry room with spaces for two individual stackable washer and dryer units. Each of these units also have single car garages. These units shouldn't last long.

Last Agent to Sell the Property

Adam Belter

Coldwell Banker Preferred,RLT License #01896162 Listed on: 11/03/2021

Coldwell Banker Preferred,RLT

Last Buyer's Agent

Adam Belter

Coldwell Banker Preferred,RLT License #01896162 Listed on: 11/03/2021

Coldwell Banker Preferred,RLT

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1935

Lot Details

  • 9,882 Sq Ft Lot

Interior Spaces

  • 2,213 Sq Ft Home
  • 1-Story Property

Schools

  • Evergreen Elementary School
  • Sequoia Middle School
  • West High School

Listing and Financial Details

  • Assessor Parcel Number 01111219

Community Details

Overview

  • 3 Units
  • The Virginia Tract Subdivision

Building Details

  • Gross Income $36,600
  • Net Operating Income $29,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1935

Lot Details

9,882 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1935
  • Building Stories: 1
  • Property Sub Type: 3 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2213.00

Exterior Features

  • Disclosures: Call Listing Agent

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Central AC,Other

Schools

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

Lot Info

  • Lot Size Sq Ft: 9882.00
  • Parcel #: 01111219

Multi Family

  • Total Annual Expense: 11111.00
  • Vacancy Factor: 66.00
  • Number Of Units Total: 3
  • Annual Gross Income: 36600.00
  • Property Net Operating Income: 29000.00

MLS Schools

  • Elementary School: Evergreen

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2021
Closed on
Nov 16, 2021
Sold by
Bought by
Seller's Agent
Adam Belter
Coldwell Banker Preferred,RLT
Buyer's Agent
Adam Belter
Coldwell Banker Preferred,RLT
List Price
$399,900
Sold Price
$432,500
Premium/Discount to List
$32,600
8.15%
Current Estimated Value
$501,510

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,010
Avg. Annual Appreciation
3.25%
Original Mortgage
$318,750
Interest Rate
0.0309%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
0.0624%

Purchase Details

Closed on
Feb 19, 2002
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,182
Interest Rate
0.0826%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 15, 2000
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,182
Interest Rate
0.0826%
Mortgage Type
FHA
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$432,500 Ticor Title Company
$90,000 Fidelity National Title Co
$75,000 --
-- American Title Co
$100,000 American Title Co
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $318,750
Previous Owner $37,400
Previous Owner $90,000
Previous Owner $67,500
Previous Owner $99,182
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/17/2021 12/17/21 Sold $432,500 +8.2% $195 / Sq Ft
11/17/2021 11/17/21 Pending -- -- --
11/03/2021 11/03/21 For Sale $399,900 -- $181 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,142 $458,440 $74,284 $384,156
2024 $6,987 $449,452 $72,828 $376,624
2023 $6,987 $440,640 $71,400 $369,240
2022 $6,819 $432,000 $70,000 $362,000
2021 $2,875 $120,406 $24,077 $96,329
2020 $2,875 $119,173 $23,831 $95,342
2019 $2,724 $119,173 $23,831 $95,342
2018 $2,670 $114,547 $22,906 $91,641
2017 $2,647 $112,302 $22,457 $89,845
2016 $2,497 $110,101 $22,017 $88,084
2015 $2,468 $108,448 $21,687 $86,761
2014 $2,392 $106,325 $21,263 $85,062
Source: Public Records

Agents Affiliated with this Home

  • Adam Belter

    Seller's Agent in 2021

    Adam Belter

    Coldwell Banker Preferred,RLT

    (661) 205-7078

    2 in this area

    270 Total Sales

    Adam Belter
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202111927

Bakersfield Association of REALTORS® / GEMLS

APN: 011-112-19-00-2

California Kern County Bakersfield 93304 Southgate

1618 Terrace Way Unit ABC, Bakersfield, CA

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. 2026.

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