NOT LISTED FOR SALE

Estimated Value: $285,000 - $319,193

4 Beds
1 Bath
1,572 Sq Ft
$189/Sq Ft Est. Value

Last Sold June 06, 2023

Last sale price $225,000 $143 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,996/month

31 Days on Market

About This Home

As of June 2023

2 separate units on a lot. Each tenant has their own yards and parking areas/access. Front house is 2bd/1ba with carport parking renting for $825. Back house is 1bd/1ba renting for $700 over a garage with long driveway parking. Units are separately metered for gas/electric. Huge upside potential in the rents! Rental market studies show potential of $1200 + 900 = $2100/mth rents. ADU FOR 3rd unit POSSIBLE IN GARAGE!! Minutes away from Kern Medical, freeways, Vallarta Supermarket, shopping centers and restaurants.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 03/24/2023

Keller Williams Realty

Last Buyer's Agent

Jose Torres

RE/MAX Golden Empire License #02059275

RE/MAX Golden Empire

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,553

Year Built

  • Built in 1958

Lot Details

  • 7,840 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,572 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • Uncovered Parking

Schools

  • Mann Elementary School
  • Stiern Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 13824017

Community Details

Overview

  • 2 Units
  • Pacific Improvement Companys S Subdivision

Building Details

  • Gross Income $18,300
  • Net Operating Income $16,836

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,553

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1958
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1572.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Carport, Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater,Other

Schools

  • High School: East
  • Middle Or Junior School: Stiern, Walter

Lot Info

  • Lot Size Sq Ft: 7840.00
  • Parcel #: 13824017

Multi Family

  • Total Annual Expense: 1464.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 18300.00
  • Property Net Operating Income: 16836.00

MLS Schools

  • Elementary School: Mann, Horace

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2023
Closed on
May 4, 2023
Sold by
Madha Yacoob Mehood and Madha Sandra
Bought by
Ramos Pizano Family Trust
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Jose Torres
RE/MAX Golden Empire
List Price
$229,000
Sold Price
$225,000
Premium/Discount to List
-$4,000
-1.75%
Views
44
Current Estimated Value
$296,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,798
Avg. Annual Appreciation
11.87%
Original Mortgage
$168,750
Outstanding Balance
$164,417
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$123,877
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
Ramos Pizano Family Trust $225,000 Ticor Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramos Pizano Family Trust $168,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2023 06/06/23 Sold $225,000 -1.7% $143 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
03/24/2023 03/24/23 For Sale $229,000 -- $146 / 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 $4,553 $234,090 $52,020 $182,070
2024 $2,876 $229,500 $51,000 $178,500
2023 $2,876 $94,252 $17,669 $76,583
2022 $2,665 $92,405 $17,323 $75,082
2021 $2,484 $90,594 $16,984 $73,610
2020 $2,411 $89,666 $16,810 $72,856
2019 $2,317 $89,666 $16,810 $72,856
2018 $2,256 $86,186 $16,158 $70,028
2017 $2,223 $84,497 $15,842 $68,655
2016 $1,894 $82,841 $15,532 $67,309
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202302349

Bakersfield Association of REALTORS® / GEMLS

APN: 138-240-17-00-4