NOT LISTED FOR SALE

217 Panama Rd Bakersfield, CA 93307

Estimated Value: $270,000 - $306,000

3 Beds
1 Bath
1,228 Sq Ft
$232/Sq Ft Est. Value

Sale Details

Date Sold: February 24, 2023

Last sale price $240,000 $195 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $1,785 / mo

About This Home

As of February 2023

Amazing opportunity! Two houses on a large Acre lot, with tons of upside potential. One 2bedroom/1ba rent is $750. Other home is 1 bedroom/bath rent is $650. Already rented, long time tenants, current rents do not reflect current market value. Great upside potential for rents - possibly $1000-1,200. Close to freeway access. This is desirable Greenfield area between Bakersfield and Lamont. High demand for rental property in this country-like area. They do have deferred maintenance, but priced accordingly!. No FHA offers, prefer CASH, Conventional, or Hard Money. Needs work.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 02/24/2023

Keller Williams Realty

Last Buyer's Agent

Mary Cruz Rodriguez

Mary Cruz Realty, Inc License #01028350

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1939

Lot Details

  • 11,761 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,228 Sq Ft Home
  • 1-Story Property

Schools

  • Granite Pointe Elementary School
  • Mckee Middle School
  • Golden Valley High School

Listing and Financial Details

  • Assessor Parcel Number 18506004

Community Details

Overview

  • 2 Units
  • J B Haggin Subdivision

Building Details

  • Gross Income $17,100
  • Net Operating Income $15,732

Property Details

Home Type

Multi-Family

Year Built

Built in 1939

Lot Details

0.27 Acres

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1939
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1228.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

  • High School: Golden Valley
  • Middle Or Junior School: McKee

Lot Info

  • Lot Size Sq Ft: 11761.00
  • Parcel #: 18506004

Multi Family

  • Total Annual Expense: 1368.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 17100.00
  • Property Net Operating Income: 15732.00

MLS Schools

  • Elementary School: Granite Pointe

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
Mar 15, 2023
Sold by
Gibbs James C
Bought by
Martinez Raul Hernandez and Valdovinos Zeida Gretel
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Mary Cruz Rodriguez
Mary Cruz Realty, Inc
List Price
$235,000
Sold Price
$240,000
Premium/Discount to List
$5,000
2.13%
Current Estimated Value
$267,179

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,179
Avg. Annual Appreciation
5.45%
Original Mortgage
$140,000
Outstanding Balance
$135,573
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$149,755
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Martinez Raul Hernandez $240,000 Ticor Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Martinez Raul Hernandez $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $240,000 +2.1% $195 / Sq Ft
02/24/2023 02/24/23 For Sale $235,000 -- $191 / 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 $4,031 $249,696 $52,020 $197,676
2024 $2,572 $244,800 $51,000 $193,800
2023 $2,572 $125,000 $50,000 $75,000
2022 $2,440 $125,000 $50,000 $75,000
2021 $2,145 $112,000 $30,000 $82,000
2020 $2,058 $112,000 $30,000 $82,000
2019 $2,053 $112,000 $30,000 $82,000
2018 $1,665 $85,000 $30,000 $55,000
2017 $1,621 $85,000 $30,000 $55,000
2016 $1,053 $76,000 $26,000 $50,000
2015 $1,057 $76,000 $30,000 $46,000
2014 $838 $56,000 $30,000 $26,000
Source: Public Records

Agents Affiliated with this Home

  • Philip Jordan

    Seller's Agent in 2023

    Philip Jordan

    Keller Williams Realty

    (805) 453-8353

    128 Total Sales

    Philip Jordan
    Section Image

  • M

    Buyer's Agent in 2023

    Mary Cruz Rodriguez

    Mary Cruz Realty, Inc

    (661) 201-9434

    83 Total Sales

    Mary Cruz Rodriguez
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202301567

Bakersfield Association of REALTORS® / GEMLS

APN: 185-060-04-00-8

California Kern County Bakersfield 93307

217 Panama Rd, Bakersfield, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2026.

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