NOT LISTED FOR SALE

Estimated Value: $551,000 - $629,000

8 Beds
4 Baths
3,400 Sq Ft
$173/Sq Ft Est. Value

Last Sold November 13, 2018

Last sale price $290,000 $85 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $3,769/month

62 Days on Market

About This Home

As of November 2018

This fantastic fourplex is located in the Oleander area, conveniently close to Bakersfield High School, Dewar's Ice Cream Parlor, and within a mile of the McMurtrey Aquatic Center, Valley Children Ice Center and Rabobank Arena, and Highway 99! All units feature 2 bedrooms and 1 bathroom with washer and dryer hookups, dishwashers, and off-street parking. Please do not disturb tenants. Please note that the address according to the APN# is 1815 Blanche St., but the address on the front of the building is 1817 Blanche St. Don't wait, call for more information today!

Last Agent to Sell the Property

Suzanne Harandi

RE/MAX Golden Empire License #01725201 Listed on: 08/13/2018

RE/MAX Golden Empire

Co-Listed By

Wayland Louie

RE/MAX Golden Empire License #00799328

Last Buyer's Agent

Loren Hall

Miramar International Calloway License #01731841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985

Lot Details

  • 5,799 Sq Ft Lot

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Parking

  • 10 Car Parking Spaces
  • Uncovered Parking

Schools

  • Penn Elementary School
  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00717007

Community Details

Overview

  • 4 Units
  • Hirshfeld Subdivision

Building Details

  • Gross Income $18,840
  • Net Operating Income $11,520

Property Details

Home Type

Multi-Family

Year Built

Built in 1985

Lot Details

5,799 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Co List Office Mls Id: 4941
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3400.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 10.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 5799.00
  • Parcel #: 00717007

Multi Family

  • Total Annual Expense: 7320.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 18840.00
  • Property Net Operating Income: 11520.00

MLS Schools

  • Elementary School: Penn, William

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2023
Sold by
Mcgee Patrick
Bought by
Kas Richard J and Kas Nadia
Current Estimated Value
$587,118

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,250
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 13, 2018
Closed on
Sep 16, 2018
Sold by
Padmanabhan Sandhya and Balakrishnan Rakesh
Bought by
Mcgee Patrick
Seller's Agent
Suzanne Harandi
RE/MAX Golden Empire
Buyer's Agent
Loren Hall
Miramar International Calloway
List Price
$325,000
Sold Price
$290,000
Premium/Discount to List
-$35,000
-10.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%
Original Mortgage
$284,747
Interest Rate
4.75%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 8, 2005
Sold by
Lee Albert and Lee Pearl
Bought by
Balakrishnan Rakesh and Padmanabhan Sandhya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 9, 2001
Sold by
Dole Gordon T
Bought by
Dole Gordon Thomas and Gordon Thomas Dole Separate Pr

Purchase Details

Closed on
Oct 20, 2000
Sold by
Dole Gordon T
Bought by
Lee Albert and Lee Pearl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,200
Interest Rate
9.16%

Purchase Details

Closed on
May 27, 1998
Sold by
Federal National Mortgage Association
Bought by
Dole Gordon T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,600
Interest Rate
7.11%

Purchase Details

Closed on
Oct 31, 1997
Sold by
Mcclintock Rodman L and Mcclintock Laura A
Bought by
Federal National Mortgage Association
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

Date Buyer Sale Price Title Company
Kas Richard J $515,000 Placer Title
Mcgee Patrick $290,000 Placer Title Er
Balakrishnan Rakesh $360,000 Stewart Title
Dole Gordon Thomas -- --
Lee Albert $99,000 Chicago Title Co
Dole Gordon T $76,000 Chicago Title Co
Federal National Mortgage Association $72,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kas Richard J $386,250
Previous Owner Mcgee Patrick $284,747
Previous Owner Balakrishnan Rakesh $252,000
Previous Owner Lee Albert $79,200
Previous Owner Dole Gordon T $64,600
Closed Balakrishnan Rakesh $72,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2018 11/13/18 Sold $290,000 -10.8% $85 / Sq Ft
10/14/2018 10/14/18 Pending -- -- --
08/13/2018 08/13/18 For Sale $325,000 -- $96 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $8,652 $535,806 $130,050 $405,756
2024 $8,652 $525,300 $127,500 $397,800
2023 $6,052 $310,936 $53,609 $257,327
2022 $5,873 $304,840 $52,558 $252,282
2021 $7,215 $298,864 $51,528 $247,336
2020 $5,355 $295,800 $51,000 $244,800
2019 $5,251 $295,800 $51,000 $244,800
2018 $5,195 $289,000 $58,000 $231,000
2017 $5,228 $289,000 $58,000 $231,000
2016 $5,179 $300,000 $60,000 $240,000
2015 $4,542 $255,000 $38,000 $217,000
2014 $3,840 $200,000 $30,000 $170,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21810148

Bakersfield Association of REALTORS® / GEMLS

APN: 007-170-07-00-0

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