E
Seller's Agent in 2022
Eduardo Magana
Unknown Broker
1720 Forrest St Bakersfield, CA 93304
Oleander-Sunset NeighborhoodEstimated Value: $500,053 - $639,000
2
Beds
1
Bath
1,328
Sq Ft
$412/Sq Ft
Est. Value
About This Home
As of July 2022Great opportunity to purchase two brand new homes on one lot in Oleander area as an investment property with extraordinary cash flow. Both homes are 2 bedroom 1 bath and are identical. Each house has 10 foot ceilings with granite counter tops and large open concept kitchen. Both homes are currently leased each paying $1,695 per month. Property also has plenty of concrete around property for easy maintenance. Wont last.
Last Agent to Sell the Property
Eduardo Magana
Unknown Broker License #01849659 Listed on: 05/27/2022
Last Buyer's Agent
Non-Member Non-Member
Non-Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,022
Year Built
- Built in 2022
Lot Details
- 6,098
Home Design
- Duplex
Parking
- 4 Car Parking Spaces
- Uncovered Parking
Schools
- Penn Elementary School
- Curran Middle School
- Bakersfield High School
Additional Features
- 1-Story Property
- 6,098 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 00719713
Community Details
Overview
- 2 Units
- Resub Of Block 33 1/ Subdivision
Building Details
- Gross Income $40,680
- Net Operating Income $40,180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 27, 2022
Closed on
Jul 18, 2022
Sold by
Magana Eduardo D and Magana Lizeth
Bought by
Espinoza Jorge
Seller's Agent
Eduardo Magana
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$499,000
Sold Price
$492,000
Premium/Discount to List
-$7,000
-1.4%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,763
Avg. Annual Appreciation
3.39%
Original Mortgage
$324,350
Outstanding Balance
$308,953
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$238,810
Purchase Details
Closed on
Jan 14, 2021
Sold by
Magana Florencio and Magana Rosa Mireya
Bought by
Magana Eduardo D and Magana Lizeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
2.67%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 19, 2007
Sold by
Boozer John Anthony and Boozer Delfina
Bought by
Boozer John Anthony and Boozer Delfina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,000
Interest Rate
6.51%
Purchase Details
Closed on
Sep 23, 1994
Sold by
Boozer John Anthony and Aguirre Delfina
Bought by
Boozer John Anthony and Aguirre Delfina
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,431
Interest Rate
8.58%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Espinoza Jorge | $492,000 | Old Republic Title | |
| Magana Eduardo D | $112,500 | Placer Title Company | |
| Boozer John Anthony | -- | Alliance Title Company | |
| Boozer John Anthony | -- | Heritage Title Company |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Espinoza Jorge | $324,350 | |
| Previous Owner | Magana Eduardo D | $225,000 | |
| Previous Owner | Boozer John Anthony | $38,000 | |
| Previous Owner | Boozer John Anthony | $51,431 | |
| Closed | Boozer John Anthony | $2,011 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/22/2022 07/22/22 | Sold | $492,000 | -1.4% | $370 / Sq Ft | |
| 06/22/2022 06/22/22 | Pending | -- | -- | -- | |
| 05/27/2022 05/27/22 | For Sale | $499,000 | +1147.5% | $376 / Sq Ft | |
| 05/08/2019 05/08/19 | Sold | $40,000 | -20.0% | $30 / Sq Ft | View Prior Sale |
| 04/08/2019 04/08/19 | Pending | -- | -- | -- | |
| 02/26/2019 02/26/19 | For Sale | $50,000 | -- | $38 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
Tax History Compared to Growth
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 | $7,022 | $511,876 | $72,828 | $439,048 |
| 2024 | $7,022 | $501,840 | $71,400 | $430,440 |
| 2023 | $6,882 | $492,000 | $70,000 | $422,000 |
| 2022 | $4,809 | $319,422 | $36,167 | $283,255 |
| 2021 | $2,085 | $41,222 | $30,917 | $10,305 |
| 2020 | $931 | $40,800 | $30,600 | $10,200 |
| 2019 | $1,448 | $79,066 | $27,631 | $51,435 |
| 2018 | $1,420 | $75,998 | $26,559 | $49,439 |
| 2017 | $1,410 | $74,509 | $26,039 | $48,470 |
| 2016 | $1,313 | $73,049 | $25,529 | $47,520 |
| 2015 | $1,301 | $71,953 | $25,146 | $46,807 |
| 2014 | $1,260 | $70,545 | $24,654 | $45,891 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2022
Non-Member Non-Member
Non-Member Office
-
Edgar Velazquez-Meraz
E
Seller's Agent in 2019
Edgar Velazquez-Meraz
Realty ONE Group Zoom
4 Total Sales
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202204697
APN: 007-197-13-00-2
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