NOT LISTED FOR SALE

Estimated Value: $457,000 - $519,081

8 Beds
4 Baths
3,432 Sq Ft
$138/Sq Ft Est. Value

Last Sold July 15, 2016

Last sale price $255,000 $74 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,972/month

236 Days on Market

About This Home

As of July 2016

Seller is presently in negotiations with the Veterans Administration to fill all units with Veterans at 850.00 per month.

Last Agent to Sell the Property

Terry Matthews

Daystar Realty License #01092491 Listed on: 10/23/2015

Last Buyer's Agent

Miguel Garcia

Golden Valley RealEstate Group License #01736656

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1983

Lot Details

  • 6,028 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 3,432 Sq Ft Home
  • 2-Story Property

Schools

  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00931114

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $40,800
  • Net Operating Income $32,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1983
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 3432.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered, Other

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Bakersfield

Lot Info

  • Lot Size Sq Ft: 6028.00
  • Parcel #: 00931114

Multi Family

  • Total Annual Expense: 8600.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Annual Gross Income: 40800.00
  • Property Net Operating Income: 32200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2015
Closed on
Jun 15, 2016
Sold by
Patel Bharat and Patel Shobhana
Bought by
Corona Juan and Corona Sofia
Seller's Agent
Terry Matthews
Daystar Realty
Buyer's Agent
Miguel Garcia
Golden Valley RealEstate Group
List Price
$295,000
Sold Price
$255,000
Premium/Discount to List
-$40,000
-13.56%
Current Estimated Value
$474,770

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,770
Avg. Annual Appreciation
6.76%
Original Mortgage
$178,000
Outstanding Balance
$141,991
Interest Rate
3.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$332,779

Purchase Details

Closed on
Mar 21, 2014
Sold by
Pate Bharate and Patel Shobhana
Bought by
Patel Bharate and Patel Shobhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.18%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 20, 2013
Sold by
Patel Bharat and Patel Shobhana
Bought by
Patel Bharate and Patel Shobhana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
3.38%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jun 30, 2011
Sold by
Patel Bharat
Bought by
Patel Bharat and Patel Shobhana

Purchase Details

Closed on
May 5, 2009
Sold by
Citibank Na
Bought by
Patel Bharat

Purchase Details

Closed on
Feb 9, 2008
Sold by
Gutierrez Jose D
Bought by
Citibank Na and The Mlmi Trust Series 2006-He5

Purchase Details

Closed on
Aug 29, 2005
Sold by
Marquez Florencia
Bought by
Gutierrez Jose D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,200
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2003
Sold by
Press Robert Louis
Bought by
Marquez Florencio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,500
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 1, 2001
Sold by
Claypool John Thomas and Claypool Melba J
Bought by
Press Robert Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,450
Interest Rate
6.99%
Mortgage Type
Seller Take Back
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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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
Corona Juan $255,000 Old Republic Title Company
Patel Bharate -- Chicago Title Company
Patel Bharate -- First American Title Company
Patel Bharat -- First American Title Company
Patel Bharat -- None Available
Patel Bharat $137,000 Lsi Title Agency
Citibank Na $236,780 None Available
Gutierrez Jose D $424,000 Stewart Title
Marquez Florencio $205,000 Ticor Title
Press Robert Louis $8,500 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corona Juan $178,000
Previous Owner Patel Bharate $125,000
Previous Owner Patel Bharat $265,000
Previous Owner Gutierrez Jose D $339,200
Previous Owner Marquez Florencio $184,500
Previous Owner Press Robert Louis $84,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2016 07/15/16 Sold $255,000 -13.6% $74 / Sq Ft
06/15/2016 06/15/16 Pending -- -- --
10/23/2015 10/23/15 For Sale $295,000 -- $86 / 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 $5,885 $295,943 $40,617 $255,326
2024 $5,885 $290,141 $39,821 $250,320
2023 $5,740 $284,453 $39,041 $245,412
2022 $5,564 $278,876 $38,276 $240,600
2021 $5,185 $273,409 $37,526 $235,883
2020 $5,050 $270,607 $37,142 $233,465
2019 $4,953 $270,607 $37,142 $233,465
2018 $4,849 $260,100 $35,700 $224,400
2017 $4,813 $255,000 $35,000 $220,000
2016 $3,353 $149,024 $27,191 $121,833
2015 $3,315 $146,786 $26,783 $120,003
2014 $3,213 $143,912 $26,259 $117,653
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21512726

Bakersfield Association of REALTORS® / GEMLS

APN: 009-311-14-00-1