$480,000
SOLD SEP 20, 2024
-- Bed
-- Bath
2,426 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$198 Per Sq Ft

3% Below List Price

3 Days on Market

About This Home

As of September 2024

Take a look at this unique investment opportunity! FHA eligible and perfect for first-time homebuyers looking to generate passive income. The property features brand-new kitchens and bathrooms with quartz countertops and stylish shaker cabinets, showcasing true pride of ownership. Additionally, the roof is less than a year old, ensuring peace of mind for years to come.Ideal for a multi-generational family or an investor, this home offers great rental potential. Investors will appreciate the steady cash flow opportunity from renting out multiple units, as well as the potential for long-term appreciation. The versatile workshop can serve as an extra office, man cave, or even be converted into additional rental units, further enhancing its income-generating potential. Don't miss out on this incredible opportunityschedule your showing today!

Last Agent to Sell the Property

Martin Padilla

Keller Williams Realty License #02153149 Listed on: 07/25/2024

Keller Williams Realty

Co-Listed By

Alishaan Abbas

Keller Williams Realty License #02060679

Last Buyer's Agent

Martin Padilla

Keller Williams Realty License #02153149 Listed on: 07/25/2024

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,276

Year Built

  • Built in 1938

Parking

  • Uncovered Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,426 Sq Ft Home
  • 1-Story Property

Schools

  • Standard Elementary And Middle School
  • North High School

Additional Features

  • 7,405 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 11228315

Community Details

Overview

  • 2 Units
  • Highland Part Subdivision

Building Details

  • Gross Income $34,140
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,276

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1938
  • Building Stories: 1
  • Deposit Amount Required: 5000.00
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.1700
  • Co List Office Mls Id: 10851
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2426.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 7405.00
  • Parcel #: 11228315

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 33.33
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 34140.00
  • Property Net Operating Income: 1.00

MLS Schools

  • Elementary School: Standard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 25, 2024
Closed on
Sep 18, 2024
Sold by
Rocha Andrew
Bought by
Rocha Kristina
Seller's Agent
Martin Padilla
Keller Williams Realty
Buyer's Agent
Martin Padilla
Keller Williams Realty
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Views
36
Current Estimated Value
$488,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,189
Avg. Annual Appreciation
2.03%
Original Mortgage
$456,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 25, 2024
Closed on
Jul 31, 2024
Sold by
Villarroel Ivonne
Bought by
Rocha Kristina
Seller's Agent
Martin Padilla
Keller Williams Realty
Buyer's Agent
Martin Padilla
Keller Williams Realty
List Price
$495,000
Sold Price
$480,000
Premium/Discount to List
-$15,000
-3.03%
Views
36

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$456,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2023
Closed on
Sep 18, 2023
Sold by
Cid Delprado Francisco
Bought by
Villarroel Ivonne
Seller's Agent
Jose Torres
Unknown Broker
Buyer's Agent
Martin Padilla
Keller Williams Realty
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.67%
Original Mortgage
$360,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 1, 2023
Closed on
Jul 28, 2023
Sold by
Marquez Roberto and Marquez Ady
Bought by
Villarroel Ivonne
Seller's Agent
Jose Torres
Unknown Broker
Buyer's Agent
Martin Padilla
Keller Williams Realty
List Price
$475,000
Sold Price
$450,000
Premium/Discount to List
-$25,000
-5.26%
Views
319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 23, 2022
Closed on
Dec 30, 2022
Sold by
Ecp Lp
Bought by
Marquez Roberto and Marquez Ady
Seller's Agent
Karla Salazar
Capitol Real Estate Group, Inc
Buyer's Agent
Jose Torres
RE/MAX Golden Empire
List Price
$249,900
Sold Price
$250,000
Premium/Discount to List
$100
0.04%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
158.07%
Original Mortgage
$187,500
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 9, 2011
Sold by
Family Lodging Investment Properties Llc
Bought by
Carlson Scott and Carlson Julie

Purchase Details

Closed on
Jul 28, 2011
Sold by
Jacober Bruce P and Jacober Celia P
Bought by
L I P F

Purchase Details

Closed on
Sep 25, 1998
Sold by
Maxwell Linda
Bought by
Jacober Bruce P and Jacober Celia P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,470
Interest Rate
6.6%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 23, 1994
Sold by
Shirley Clifton Ray
Bought by
Maxwell Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,005
Interest Rate
7.38%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 14, 1994
Sold by
Krueger Earl F and Krueger Helen I
Bought by
Maxwell Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,005
Interest Rate
7.38%
Mortgage Type
FHA
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title
Grant Deed $480,000 Chicago Title
Deed -- Ticor Title
Grant Deed $450,000 Ticor Title
Grant Deed $250,000 Placer Title
Grant Deed $54,000 Placer Title Company
Trustee Deed $42,100 None Available
Grant Deed $85,000 First American Title Co
Quit Claim Deed -- Heritage Title Company
Grant Deed $89,000 Heritage Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $456,000 New Conventional
Previous Owner $360,000 New Conventional
Previous Owner $187,500 New Conventional
Previous Owner $60,000 New Conventional
Previous Owner $4,400 Stand Alone Second
Previous Owner $13,000 Unknown
Previous Owner $49,470 FHA
Previous Owner $86,005 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2024 09/20/24 Sold $480,000 -3.0% $198 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/25/2024 07/25/24 For Sale $495,000 +10.0% $204 / Sq Ft
09/20/2023 09/20/23 Sold $450,000 -5.3% $185 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/01/2023 07/01/23 For Sale $475,000 +90.0% $196 / Sq Ft
02/07/2023 02/07/23 Sold $250,000 0.0% $103 / Sq Ft
01/08/2023 01/08/23 Pending -- -- --
12/23/2022 12/23/22 For Sale $249,900 +25.0% $103 / Sq Ft
06/18/2022 06/18/22 Sold $200,000 -10.3% $82 / Sq Ft
05/31/2022 05/31/22 For Sale $223,000 -- $92 / 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 $7,276 $480,000 $65,000 $415,000
2024 $7,276 $450,000 $60,000 $390,000
2023 $4,146 $198,900 $40,800 $158,100
2022 $2,347 $63,904 $23,667 $40,237
2021 $2,170 $62,652 $23,203 $39,449
2020 $2,170 $62,011 $22,966 $39,045
2019 $2,022 $62,011 $22,966 $39,045
2018 $1,943 $59,605 $22,075 $37,530
2017 $1,911 $58,438 $21,643 $36,795
2016 $1,813 $57,293 $21,219 $36,074
2015 $1,792 $56,434 $20,901 $35,533
2014 $1,759 $55,329 $20,492 $34,837
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202407387

Bakersfield Association of REALTORS® / GEMLS

APN: 112-283-15-00-3