NOT LISTED FOR SALE

Estimated Value: $618,414 - $700,000

2 Beds
1 Bath
4,340 Sq Ft
$152/Sq Ft Est. Value

Last Sold October 08, 2021

Last sale price $525,000 $121 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,258/month

About This Home

As of October 2021

Great investment property. 4 units with good rental history. Professionally managed. These units are centrally located and close to schools and shopping. There is also up potential in the rents.

Last Agent to Sell the Property

Bill Redmond

Watson Realty License #01223840 Listed on: 09/21/2021

Co-Listed By

Dawn Borda

Watson Realty License #01298997

Last Buyer's Agent

Bill Redmond

Watson Realty License #01223840 Listed on: 09/21/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,898

Year Built

  • Built in 1979

Lot Details

  • 0.31 Acre Lot

Parking

  • Carport

Interior Spaces

  • 4,340 Sq Ft Home
  • 2-Story Property

Schools

  • Hills Elementary School
  • Emerson Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11917110

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $37,500
  • Net Operating Income $30,053

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,898

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1979
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Co List Office Mls Id: 6105
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4340.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Carport

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 13503.00
  • Parcel #: 11917110

Multi Family

  • Total Annual Expense: 7447.00
  • Vacancy Factor: 2.00
  • Number Of Units Total: 4
  • Annual Gross Income: 37500.00
  • Property Net Operating Income: 30053.00

MLS Schools

  • Elementary School: Hills, Stella

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Sep 29, 2021
Sold by
Gutierrez Alex A and Gutierrez Mayra M
Bought by
Itdrp Llc
Seller's Agent
Bill Redmond
Watson Realty
Buyer's Agent
Bill Redmond
Watson Realty
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$659,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,854
Avg. Annual Appreciation
7.61%

Purchase Details

Closed on
Aug 20, 2020
Sold by
Gutierrez Alex A and Gutierrez Mayra M
Bought by
Gutierrez Alex A and Gutierrez Mayra M

Purchase Details

Closed on
Oct 17, 2012
Sold by
Gutierrez Alex and Gutierrez Mayra
Bought by
Gutierrez Alex and Gutierrez Mayra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,700
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2009
Sold by
Jpmorgan Chase Bank National Association
Bought by
Gutierrez Alex and Gutierrez Myra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,250
Interest Rate
4.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 2009
Sold by
Woo George
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Mar 29, 2006
Sold by
Zamora Adrian and Zamora Bethel
Bought by
Woo George

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
7.25%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Oct 28, 2004
Sold by
Gima Ketan M and Pandya Rachna
Bought by
Zamora Adrian and Zamora Bethel Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,600
Interest Rate
4.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Worden Mirella Gonzalez
Bought by
Worden Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2003
Sold by
Worden Carl
Bought by
Gima Ketan M and Pandya Rachna B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,500
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 6, 2003
Sold by
Reddy Malladi S and Reddy Pravina
Bought by
Worden Carl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.12%

Purchase Details

Closed on
Jun 3, 1997
Sold by
Federal National Mortgage Association
Bought by
Reddy Malladi S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
7.98%

Purchase Details

Closed on
Apr 16, 1997
Sold by
Biscar Bernard Est
Bought by
Federal National Mortgage Association

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,750
Interest Rate
7.98%
Source: Public Records

Range of Values:

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Average Value
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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
Itdrp Llc $525,000 Chicago Title Company
Gutierrez Alex A -- None Available
Gutierrez Alex -- Orange Coast Title Company
Gutierrez Alex $175,000 Chicago Title Company
Jpmorgan Chase Bank National Association $175,000 Chicago Title Company
Bac Home Loans Servicing Lp $149,500 Landsafe Title
Woo George $475,000 Fidelity National Title
Zamora Adrian $418,000 Stewart Title
Worden Carl -- Fidelity Title
Gima Ketan M $305,000 Fidelity Title
Gima Ketan M $305,000 Fidelity Title
Worden Carl $250,000 Stewart Title
Reddy Malladi S $115,000 Fidelity National Title
Federal National Mortgage Association $136,746 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gutierrez Alex $30,000
Previous Owner Gutierrez Alex $215,000
Previous Owner Gutierrez Alex $130,700
Previous Owner Gutierrez Alex $131,250
Previous Owner Woo George $356,250
Previous Owner Zamora Adrian $292,600
Previous Owner Gima Ketan M $274,500
Previous Owner Worden Carl $191,250
Previous Owner Reddy Malladi S $97,750
Closed Worden Carl $12,750
Closed Zamora Adrian $83,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2021 10/08/21 Sold $525,000 -4.5% $121 / Sq Ft
09/21/2021 09/21/21 For Sale $550,000 -- $127 / 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 $8,898 $557,133 $79,590 $477,543
2024 $8,898 $546,210 $78,030 $468,180
2023 $8,702 $535,500 $76,500 $459,000
2022 $8,485 $525,000 $75,000 $450,000
2021 $4,410 $208,680 $29,807 $178,873
2020 $4,276 $206,541 $29,502 $177,039
2019 $4,195 $206,541 $29,502 $177,039
2018 $4,109 $198,522 $28,357 $170,165
2017 $4,076 $194,630 $27,801 $166,829
2016 $3,820 $190,814 $27,256 $163,558
2015 $3,782 $187,949 $26,847 $161,102
2014 $3,664 $184,269 $26,322 $157,947
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202110299

Bakersfield Association of REALTORS® / GEMLS

APN: 119-171-10-00-1