$105,000
SOLD JUN 3, 2013

331 Dr Martin Luther King jr Blvd Bakersfield, CA 93307

Lakeview Neighborhood
-- Bed
-- Bath
2,400 Sq Ft
7,535 Sq Ft Lot

Recently Sold

$44 Per Sq Ft

5% Above List Price

36 Days on Market

About This Home

As of April 2023

Great Southeast investment. 3 units. Two which are 2 bedroom 1 bath and 1 unit 3 bedroom 1 bath.

Last Agent to Sell the Property

Joe Roberson

Unknown Broker License #01357148 Listed on: 03/29/2013

Co-Listed By

Scott Hanson

Benchmark Real Estate Group License #01215474

Last Buyer's Agent

Jacob & Valerie Marquez

Marquez Real Estate Team License #01449795

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,034

Year Built

  • Built in 1985

Lot Details

  • 7,535 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

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

Listing and Financial Details

  • Assessor Parcel Number 01918116

Community Details

Overview

  • 3 Units

Building Details

  • Gross Income $19,800
  • Net Operating Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,034

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1985
  • Building Stories: 1
  • Property Sub Type: 3 Units
  • Co List Office Mls Id: 5566
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2400.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 7535.00
  • Parcel #: 01918116

Multi Family

  • Total Annual Expense: 4800.00
  • Vacancy Factor: 10.00
  • Number Of Units Total: 3
  • Annual Gross Income: 19800.00
  • Property Net Operating Income: 15000.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2023
Closed on
Mar 29, 2023
Sold by
Dias Carlos Vazques
Bought by
Martinez Luis Manuel
Seller's Agent
Deyci Leal
Sierra Central Real Estate
Buyer's Agent
Marissa Griffin
Unknown Broker
List Price
$60,000
Sold Price
$60,000
Current Estimated Value
$67,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,737
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Sep 11, 2019
Sold by
Delgado Obedirocio
Bought by
Dias Carlos Vazques

Purchase Details

Listed on
Oct 16, 2018
Closed on
Dec 11, 2018
Sold by
Mcdowell Thomas John
Bought by
Delgado Obedirocio
Seller's Agent
Kyle Korman
Unknown Broker
Buyer's Agent
Maria Leon
Servando Rocha, Broker
List Price
$25,000
Sold Price
$25,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.36%

Purchase Details

Listed on
Jul 27, 2016
Closed on
Jul 7, 2017
Sold by
Mariano Matthew and Mariano Amanda
Bought by
Mcdowell Thomas John and Thomas & Victoria Mcdowell Charitable Re
Seller's Agent
Armand Padua
RE/MAX MASTERS REALTY
Buyer's Agent
Dominique Borz
List Price
$229,888
Sold Price
$205,000
Premium/Discount to List
-$24,888
-10.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-80.43%

Purchase Details

Listed on
Oct 4, 2014
Closed on
Jan 6, 2015
Sold by
Gonzalez Jose Reyes and Gonzalez Marisela
Bought by
Mariano Matthew and Mariano Amanda
Seller's Agent
Carlos Padilla
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$154,900
Sold Price
$135,000
Premium/Discount to List
-$19,900
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.03%
Original Mortgage
$101,250
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 29, 2013
Closed on
Apr 19, 2013
Sold by
Landeron Llc
Bought by
Gonzalez Jose Reyes and Gonzalez Marisela
Seller's Agent
Joe Roberson
Unknown Broker
Buyer's Agent
Jacob & Valerie Marquez
Marquez Real Estate Team
List Price
$100,000
Sold Price
$105,000
Premium/Discount to List
$5,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.63%
Original Mortgage
$73,500
Interest Rate
3.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 18, 2011
Sold by
Corral Enrique
Bought by
Landeron Llc

Purchase Details

Closed on
Sep 8, 2004
Sold by
Espinosa Ernesto
Bought by
Corral Enrique

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 28, 2003
Sold by
Espinosa Ernesto and Valencia Espinosa Janie
Bought by
Espinosa Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,850
Interest Rate
7.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 7, 2000
Sold by
Montoya Miguel A and Montoya Maria
Bought by
Espinosa Ernesto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,847
Interest Rate
8.26%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 8, 1998
Sold by
Deavila John S and Deavila Ezaura B
Bought by
Southern Pacific Secured Assets Corp Mtg

Purchase Details

Closed on
Mar 15, 1995
Sold by
Castillo Juan H and Castillo Sally J
Bought by
Deavila John S and Deavila Ezaura B

Purchase Details

Closed on
Dec 9, 1994
Sold by
Deavila John S and Deavila Ezaura B
Bought by
Castillo Juan H and Castillo Sally J

Purchase Details

Closed on
Oct 21, 1994
Sold by
Castillo Juan H and Castillo Sally J
Bought by
Deavila John S and Deavila Ezaura B

Purchase Details

Closed on
Aug 26, 1994
Sold by
Deavila John S and Deavila Ezaura B
Bought by
Castillo Juan H and Castillo Sally J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
8.73%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 28, 1994
Sold by
Castillo Juan H and Castillo Sally J
Bought by
Deavila John S and Deavila Ezaura B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
8.73%
Mortgage Type
Seller Take Back
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 Type Sale Price Title Company
Grant Deed $60,000 Chicago Title
Warranty Deed $35,000 Chicago Title Bakersfield
Grant Deed $25,000 Chicago Title Bakersfield
Grant Deed $205,000 North American Title Co
Grant Deed $135,000 Stewart Title
Grant Deed $105,000 Chicago Title Company
Trustee Deed -- Chicago Title Company
Grant Deed $230,000 Fidelity Title
Interfamily Deed Transfer -- Stewart Title
Grant Deed $75,000 Commonwealth Land Title Co
Trustee Deed $47,000 Fidelity National Title Ins
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Grant Deed -- --
Grant Deed $75,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $101,250 New Conventional
Previous Owner $73,500 New Conventional
Previous Owner $270,000 New Conventional
Previous Owner $218,500 Purchase Money Mortgage
Previous Owner $113,850 Purchase Money Mortgage
Previous Owner $74,847 FHA
Previous Owner $62,000 Seller Take Back
Closed $4,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2023 04/12/23 Sold $60,000 0.0% --
03/13/2023 03/13/23 Pending -- -- --
02/16/2023 02/16/23 For Sale $60,000 +140.0% --
12/14/2018 12/14/18 Sold $25,000 0.0% --
11/14/2018 11/14/18 Pending -- -- --
10/16/2018 10/16/18 For Sale $25,000 -87.8% --
08/31/2017 08/31/17 Sold $205,000 -10.8% $85 / Sq Ft
06/27/2017 06/27/17 Pending -- -- --
11/14/2016 11/14/16 For Sale $229,888 0.0% $96 / Sq Ft
10/26/2016 10/26/16 Pending -- -- --
07/27/2016 07/27/16 For Sale $229,888 +70.3% $96 / Sq Ft
02/24/2015 02/24/15 Sold $135,000 -12.8% --
01/25/2015 01/25/15 Pending -- -- --
10/04/2014 10/04/14 For Sale $154,900 +47.5% --
06/03/2013 06/03/13 Sold $105,000 +5.0% $44 / Sq Ft
05/04/2013 05/04/13 Pending -- -- --
03/29/2013 03/29/13 For Sale $100,000 -- $42 / 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
2024 $2,034 $61,200 $61,200 --
2023 $3,105 $36,790 $36,790 $0
2022 $1,640 $36,069 $36,069 $0
2021 $1,541 $35,362 $35,362 $0
2020 $1,511 $35,000 $35,000 $0
2019 $1,367 $25,500 $25,500 $0
2018 $3,756 $205,000 $40,000 $165,000
2017 $2,982 $139,799 $31,066 $108,733
2016 $2,798 $137,058 $30,457 $106,601
2015 $2,458 $107,581 $20,491 $87,090
2014 $2,728 $105,475 $20,090 $85,385
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21302903

Bakersfield Association of REALTORS® / GEMLS

APN: 019-181-16-00-3