NOT LISTED FOR SALE

Estimated Value: $785,000 - $892,000

8 Beds
4 Baths
5,508 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $560,000 $102 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $5,226/month

About This Home

As of July 2020

Located in SW Bakersfield, adjacent to the Ming Ave retail corridor, this property features large 3-bedroom units. In fact, compare the square footage and the schedule income of this building to any other SW fourplex and you will be impressed! Each unit is 3 bedroom and 2 full bath townhome units with garages. Rents range from $1050 to $1150 (3 units).

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/20/2020

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,653

Year Built

  • Built in 1977

Lot Details

  • 0.27 Acre Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 5,508 Sq Ft Home
  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 44024104

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $54,000
  • Net Operating Income $29,639

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,653

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1977
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 5508.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 11973.00
  • Parcel #: 44024104

Multi Family

  • Total Annual Expense: 22740.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Annual Gross Income: 54000.00
  • Property Net Operating Income: 29639.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jul 8, 2020
Sold by
Rbwtj Llc
Bought by
Kavi Petroleum Inc
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$575,000
Sold Price
$560,000
Premium/Discount to List
-$15,000
-2.61%
Current Estimated Value
$843,242

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$283,242
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Nov 9, 2011
Sold by
E T M M Partnership
Bought by
Rbwtj Llc

Purchase Details

Closed on
Dec 27, 2005
Sold by
Grant Tom and Grant Linda
Bought by
E T T M Partnership

Purchase Details

Closed on
Jul 1, 2004
Sold by
Grant Tom and Grant Linda
Bought by
Grant Tom and Grant Linda

Purchase Details

Closed on
Sep 12, 2002
Sold by
Grant Tom and Grant Linda
Bought by
Grant Tom and Grant Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,225
Interest Rate
6.06%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 11, 2000
Sold by
Grant Tom and Grant Linda
Bought by
Grant Tom and Grant Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,568
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 10, 2000
Sold by
Grant Tom and Grant Linda
Bought by
Jones Joyce M and Grant Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,568
Interest Rate
8.38%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 17, 1997
Sold by
Jones Joyce M and Jones Tom
Bought by
Grant Tom and Grant Linda

Purchase Details

Closed on
May 19, 1994
Sold by
Butler Gregory G and Butler Judy Ann
Bought by
Jones Joyce M and Grant Tom

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,641
Interest Rate
8.56%
Mortgage Type
FHA

Purchase Details

Closed on
May 17, 1994
Sold by
Jones Raycee
Bought by
Jones Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,641
Interest Rate
8.56%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Kavi Petroleum Inc $560,000 Placer Title Company
Rbwtj Llc $260,000 Placer Title Company
E T T M Partnership $670,000 Fidelity National Title Co
Grant Tom -- --
Grant Tom $66,000 First American Title
Grant Tom $74,000 --
Jones Joyce M $101,000 Fidelity National Title
Grant Tom $74,000 --
Jones Joyce M $220,000 World Title Company
Jones Joyce M -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Grant Tom $198,225
Previous Owner Jones Joyce M $202,568
Previous Owner Jones Joyce M $212,641
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/22/2020 07/22/20 Sold $560,000 -2.6% $102 / Sq Ft
06/22/2020 06/22/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $575,000 -- $104 / 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 $9,653 $606,160 $108,242 $497,918
2024 $9,653 $594,275 $106,120 $488,155
2023 $9,496 $582,624 $104,040 $478,584
2022 $9,106 $571,200 $102,000 $469,200
2021 $8,689 $560,000 $100,000 $460,000
2020 $5,238 $284,822 $34,452 $250,370
2019 $5,166 $284,822 $34,452 $250,370
2018 $4,969 $273,764 $33,115 $240,649
2017 $4,896 $268,397 $32,466 $235,931
2016 $4,639 $263,135 $31,830 $231,305
2015 $4,587 $259,183 $31,352 $227,831
2014 $4,472 $254,107 $30,738 $223,369
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202004927

Bakersfield Association of REALTORS® / GEMLS

APN: 440-241-04-00-7