NOT LISTED FOR SALE

3604 Micheli Ct Bakersfield, CA 93309

Southwest Bakersfield Neighborhood

Estimated Value: $558,000 - $926,277

8 Beds
7 Baths
3,400 Sq Ft
$200/Sq Ft Est. Value

Last Sold June 16, 2015

Last sale price $280,000 $82 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $4,100/month

12 Days on Market

About This Home

As of June 2015

***INVESTOR ALERT*** Your chance to get positive cash flow overnight in this fully rented 4-plex located in the center of Bakersfield on a cul-de-sac. Conveniently located with the Valley Plaza shopping center and freeway access within minutes. Each unit has it's own storage unit at the back of the building.

Last Agent to Sell the Property

Martha Johnson

Watson Realty License #01422466 Listed on: 05/05/2015

Last Buyer's Agent

Martha Johnson

Watson Realty License #01422466 Listed on: 05/05/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 0.29 Acre Lot

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Schools

  • Seibert Elementary School
  • Thompson Middle School
  • West High School

Listing and Financial Details

  • Assessor Parcel Number 44115127

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $30,362
  • Net Operating Income $24,810

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1976
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3400.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: West
  • Middle Or Junior School: Thompson, F. L.

Lot Info

  • Lot Size Sq Ft: 12741.00
  • Parcel #: 44115127

Multi Family

  • Total Annual Expense: 5649.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 30362.00
  • Property Net Operating Income: 24810.00

MLS Schools

  • Elementary School: Seibert, Amy B.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2015
Closed on
Jun 2, 2015
Sold by
Babagani Malka
Bought by
Babagani Elias
Seller's Agent
Martha Johnson
Watson Realty
Buyer's Agent
Martha Johnson
Watson Realty
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%
Current Estimated Value
$681,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,319
Avg. Annual Appreciation
8.76%

Purchase Details

Listed on
May 5, 2015
Closed on
May 26, 2015
Sold by
Efimov Oleg and Vasilchenko Yanina
Bought by
Babagani Elias
Seller's Agent
Martha Johnson
Watson Realty
Buyer's Agent
Martha Johnson
Watson Realty
List Price
$275,000
Sold Price
$280,000
Premium/Discount to List
$5,000
1.82%

Purchase Details

Closed on
Feb 22, 2006
Sold by
Chyko Bobby
Bought by
Efimov Oleg and Vasilchenko Yanina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,500
Interest Rate
7.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jun 14, 2004
Sold by
Yonan Sharil
Bought by
Chyko Bobby

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,000
Interest Rate
6.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 2003
Sold by
Chtchegoleva Anna
Bought by
Yonan Sharil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 20, 2003
Sold by
Turner Richard H
Bought by
Yonan Sharil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,500
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 18, 1994
Sold by
Grassotti Development Corp
Bought by
Turner Richard H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,300
Interest Rate
5.6%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Babagani Elias -- None Available
Babagani Elias $280,000 Placer Title Company
Efimov Oleg -- First American Title Company
Chyko Bobby $420,000 Fidelity Title
Yonan Sharil -- Ticor Title
Yonan Sharil $245,000 Ticor Title
Turner Richard H -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Efimov Oleg $360,500
Previous Owner Chyko Bobby $294,000
Previous Owner Yonan Sharil $171,500
Previous Owner Turner Richard H $97,300
Closed Yonan Sharil $24,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2015 06/16/15 Sold $280,000 +1.8% $82 / Sq Ft
05/17/2015 05/17/15 Pending -- -- --
05/05/2015 05/05/15 For Sale $275,000 -- $81 / 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 $6,457 $336,509 $60,089 $276,420
2024 $6,457 $329,911 $58,911 $271,000
2023 $6,333 $323,443 $57,756 $265,687
2022 $6,058 $317,102 $56,624 $260,478
2021 $5,673 $310,885 $55,514 $255,371
2020 $5,515 $307,698 $54,945 $252,753
2019 $5,440 $307,698 $54,945 $252,753
2018 $5,229 $295,752 $52,812 $242,940
2017 $5,153 $289,954 $51,777 $238,177
2016 $4,876 $284,269 $50,762 $233,507
2015 $4,539 $255,000 $38,000 $217,000
2014 $4,426 $250,000 $50,000 $200,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2015

    Martha Johnson

    Watson Realty

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21505106

Bakersfield Association of REALTORS® / GEMLS

APN: 441-151-27-00-5

California Kern County Bakersfield 93309 Southwest Bakersfield

3604 Micheli Ct, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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