Seller's Agent in 2025
Philip Jordan
Keller Williams Realty
(661) 553-5767
14 in this area
135 Total Sales
404 Covey Ave Bakersfield, CA 93308
Oildale Neighborhood
--
Bed
--
Bath
--
Sq Ft
0.31
Acres
Highlights
- 0.31 Acre Lot
- Central Heating and Cooling System
- 1-Story Property
About This Home
As of June 2025Major price modification! 3 unit property newly built in Fall 2024, with LOW LOW expenses. NO RENT CONTROL !...as per state law exemption. Each unit is a detached dwelling with 3 bedrooms/1.5 bathrooms renting from $1550-1700, all on 1-year leases, with their own laundry room and dedicated parking for 2 cars next to their home. Solid tenants on leases. Tile roofs. PAID solar means tenants get power credit and very low electric bills. Tenants PAY WATER. Granite countertops, central island, and built-in MW, stove, DW in kitchen. Builder used DURABLE materials for LOW maintenance. Faux wood ceramic tile flooring throughout. IMAGINE having almost no repairs/maintenance calls for years to come. IMAGINE tenants that will never leave because they have a beautifully finished home with everything brand new, and have tiny electric bill and tiny water bill ($36/mth fixed rate!!) IMAGINE 6.5% cap rate on almost brand-new building: 404 Covey: best property in your portfolio. Each unit is 1058 SF.
Last Agent to Sell the Property
Keller Williams Realty License #00966411 Listed on: 03/13/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,800
Year Built
- Built in 2024
Parking
- 6 Car Parking Spaces
- Uncovered Parking
Schools
- Beardsley Elementary And Middle School
- North High School
Additional Features
- 1-Story Property
- 0.31 Acre Lot
- Central Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number 11418213
Community Details
Overview
- 3 Units
- Covey Acres Subdivision
Building Details
- Gross Income $58,200
- Net Operating Income $41,499
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2025
Closed on
May 26, 2025
Sold by
J & J Acquisition Partners Inc
Bought by
Zakian Raffi
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Kameryn Gomez
Elite, Realtors®
List Price
$674,900
Sold Price
$639,000
Premium/Discount to List
-$35,900
-5.32%
Views
56
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-7.88%
Original Mortgage
$479,250
Outstanding Balance
$478,424
Interest Rate
6.76%
Mortgage Type
New Conventional
Estimated Equity
$151,718
Purchase Details
Closed on
Jul 13, 2023
Sold by
Chenu Frederic and Chenu Celest Frederick
Bought by
J & J Acquisition Partners Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.96%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Jun 22, 2007
Sold by
Chenu Frederic and Chenu Fred
Bought by
Chenu Frederic
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,000
Interest Rate
8%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 30, 2006
Sold by
Chenu Sheila Annette
Bought by
Chenu Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
May 15, 2006
Sold by
Thind Mohan Singh and Gill Jaswinder K
Bought by
Chenu Fred
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.52%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 21, 2004
Sold by
Williford Richard and Williford Teressa
Bought by
Gill Jarnail S and Mohan Thind S
Purchase Details
Closed on
Jun 1, 1999
Sold by
Reynolds Doyle and Reynolds Anna
Bought by
Williford Richard and Williford Teressa
Purchase Details
Closed on
Mar 5, 1998
Sold by
Barr Robert R and Barr Stella M
Bought by
Reynolds Doyle and Reynolds Anna M
Purchase Details
Closed on
Apr 4, 1996
Sold by
A D S I Inc
Bought by
Hawaiian Leisure Travel Club Ltd
Purchase Details
Closed on
Oct 19, 1995
Sold by
Oliver Thomas H
Bought by
Dutcher Leslie Emerson and Plonske William Joseph
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $639,000 | Ticor Title Company | |
| Grant Deed | $15,000 | Lawyers Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Grant Deed | $107,500 | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Interfamily Deed Transfer | -- | Stewart Title Of Ca Inc | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $70,100 | -- | |
| Quit Claim Deed | $1,500 | -- | |
| Trustee Deed | $62,212 | First American Title Ins Co | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Grant Deed | -- | Chicago Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $479,250 | New Conventional | |
| Previous Owner | $489,183 | Construction | |
| Previous Owner | $60,000 | Seller Take Back | |
| Previous Owner | $78,000 | New Conventional | |
| Previous Owner | $75,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Sold | $639,000 | 0.0% | -- |
| 05/19/2025 05/19/25 | Pending | -- | -- | -- |
| 05/08/2025 05/08/25 | Price Changed | $639,000 | -3.0% | -- |
| 04/26/2025 04/26/25 | Price Changed | $659,000 | -2.4% | -- |
| 03/13/2025 03/13/25 | For Sale | $674,900 | -- | -- |
Source: Bakersfield Association of REALTORS® / GEMLS
Tax History Compared to Growth
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 | $1,800 | $552,360 | $69,360 | $483,000 |
| 2024 | $1,800 | $68,000 | $68,000 | -- |
| 2023 | $732 | $60,000 | $60,000 | $0 |
| 2022 | $522 | $42,000 | $42,000 | $0 |
| 2021 | $532 | $42,000 | $42,000 | $0 |
| 2020 | $530 | $42,000 | $42,000 | $0 |
| 2019 | $536 | $42,000 | $42,000 | $0 |
| 2018 | $509 | $40,000 | $40,000 | $0 |
| 2017 | $464 | $36,000 | $36,000 | $0 |
| 2016 | $433 | $36,000 | $36,000 | $0 |
| 2015 | $402 | $34,000 | $34,000 | $0 |
| 2014 | $582 | $50,000 | $50,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Philip Jordan
-
Kameryn Gomez
K
Buyer's Agent in 2025
Kameryn Gomez
Elite, Realtors®
1 in this area
17 Total Sales
-
Savannah Gomez
S
Buyer Co-Listing Agent in 2025
Savannah Gomez
People Realty, Inc.
1 in this area
6 Total Sales
Map
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202502977
APN: 114-182-13-00-5
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.
Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.
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