NOT LISTED FOR SALE

167 E Orange Ave Shafter, CA 93263

Estimated Value: $268,000 - $318,000

4 Beds
1 Bath
1,086 Sq Ft
$269/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $270,000 $249 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,916/month

27 Days on Market

About This Home

As of October 2023

Attention investors! Two homes on one lot! 165 and 167 E. Orange Avenue have been recently renovated. Both homes are approximately 500 square feet and each consist of two bedrooms and one bathroom. Both homes are vacant. Comparable units for rent in the Shafter area for $1,300.00 a month per house. New owner could easily add fence between homes and add an alley entrance to back house, creating a separate yard and parking for each house and much desired privacy. Each home includes new interior and exterior paint. New flooring, cabinets, doors and trim. New electrical panels. Each home has an exterior closet for storage.

Last Agent to Sell the Property

Elliott Meacham

Miramar International-Riverwal License #02137437 Listed on: 08/22/2023

Last Buyer's Agent

Roger Magana

Elite, Realtors® License #01936801

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,608

Year Built

  • Built in 1950

Lot Details

  • 6,969 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,086 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Car Parking Spaces
  • Uncovered Parking

Schools

  • Golden Oak Elementary School
  • Richland Middle School
  • Shafter High School

Listing and Financial Details

  • Assessor Parcel Number 02825232

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $31,200
  • Net Operating Income $17,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,608

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1950
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1086.00

Exterior Features

  • Disclosures: Corp. Owned

Garage/Parking

  • Parking: 2.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

  • High School: Shafter
  • Middle Or Junior School: Richland

Lot Info

  • Lot Size Sq Ft: 6969.00
  • Parcel #: 02825232

Multi Family

  • Total Annual Expense: 11700.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 31200.00
  • Property Net Operating Income: 17700.00

MLS Schools

  • Elementary School: Golden Oak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2023
Closed on
Sep 22, 2023
Sold by
Meachum Properties Llc
Bought by
Gutierrez Gabriel
Seller's Agent
Elliott Meacham
Miramar International-Riverwal
Buyer's Agent
Roger Magana
Elite, Realtors®
List Price
$299,900
Sold Price
$270,000
Premium/Discount to List
-$29,900
-9.97%
Views
67
Current Estimated Value
$292,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,449
Avg. Annual Appreciation
4.62%
Original Mortgage
$195,000
Outstanding Balance
$192,078
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$100,371

Purchase Details

Closed on
Mar 30, 2023
Sold by
James E Graddy Revocable Family Trust
Bought by
Meacham Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$145,000
Interest Rate
6.73%
Mortgage Type
New Conventional
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
Gutierrez Gabriel $270,000 Placer Title
Gutierrez Gabriel -- Placer Title
Meacham Properties Llc $155,000 Ticor Title
Meacham Properties Llc $155,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gutierrez Gabriel $195,000
Previous Owner Meacham Properties Llc $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $270,000 -7.7% $249 / Sq Ft
09/18/2023 09/18/23 Pending -- -- --
09/12/2023 09/12/23 Price Changed $292,500 -0.7% $269 / Sq Ft
09/01/2023 09/01/23 Price Changed $294,500 -1.8% $271 / Sq Ft
08/22/2023 08/22/23 For Sale $299,900 -- $276 / 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
2024 $3,608 $270,000 $50,000 $220,000
2023 $1,421 $84,926 $20,089 $64,837
2022 $1,353 $83,262 $19,696 $63,566
2021 $1,237 $81,630 $19,310 $62,320
2020 $1,062 $71,000 $20,000 $51,000
2019 $1,053 $69,000 $20,000 $49,000
2018 $918 $59,000 $20,000 $39,000
2017 $926 $59,000 $20,000 $39,000
2016 $839 $54,000 $20,000 $34,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202308781

Bakersfield Association of REALTORS® / GEMLS

APN: 028-252-32-00-2