NOT LISTED FOR SALE

413 Minner Ave Bakersfield, CA 93308

Estimated Value: $282,692 - $384,000

6 Beds
3 Baths
1,854 Sq Ft
$182/Sq Ft Est. Value

Last Sold November 23, 2015

Last sale price $85,000 $46 Per Sq Ft

Est. 298% increase in value since last sale

Current estimated payment $2,029/month

37 Days on Market

About This Home

As of November 2015

NOR duplex 100% leased up. Add this duplex to your portfolio. Units are 3/bed 2/bath and are two stories. Total collected rent is $1,275/month. Do not disturb tenants.

Last Agent to Sell the Property

Mark Windes

The Landmark Agency License #01890107 Listed on: 09/17/2015

Last Buyer's Agent

Mark Windes

The Landmark Agency License #01890107 Listed on: 09/17/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 5,098

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,854 Sq Ft Home
  • 2-Story Property

Schools

  • Standard Elementary And Middle School
  • North High School

Additional Features

  • 5,098 Sq Ft Lot
  • Evaporated cooling system

Listing and Financial Details

  • Assessor Parcel Number 11311204

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $15,300
  • Net Operating Income $13,770

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

5,098 Sq Ft Lot

Listing Details

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

Interior Features

  • Living Area: 1854.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Evaporative

Schools

  • High School: North
  • Middle Or Junior School: Standard

Lot Info

  • Lot Size Sq Ft: 5098.00
  • Parcel #: 11311204

Multi Family

  • Total Annual Expense: 1530.00
  • Vacancy Factor: 2.00
  • Number Of Units Total: 2
  • Annual Gross Income: 15300.00
  • Property Net Operating Income: 13770.00

MLS Schools

  • Elementary School: Standard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2019
Sold by
Golden Opportunity No 14 Lp
Bought by
Spssm Invesments Ix Lp
Current Estimated Value
$338,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,024,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 27, 2018
Sold by
Olive Manor
Bought by
Golden Opportunity No 14

Purchase Details

Listed on
Sep 17, 2015
Closed on
Oct 21, 2015
Sold by
Mountain Ridge Investments Llc
Bought by
Olive Manor Llc
Seller's Agent
Mark Windes
The Landmark Agency
Buyer's Agent
Mark Windes
The Landmark Agency
List Price
$104,990
Sold Price
$85,000
Premium/Discount to List
-$19,990
-19.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%

Purchase Details

Listed on
Sep 17, 2015
Closed on
Oct 2, 2015
Sold by
Olive Drive Properties Llc
Bought by
Mountain Ridge Investments I Llc
Seller's Agent
Mark Windes
The Landmark Agency
Buyer's Agent
Mark Windes
The Landmark Agency
List Price
$104,990
Sold Price
$85,000
Premium/Discount to List
-$19,990
-19.04%

Purchase Details

Closed on
Mar 15, 2006
Sold by
Pence Robb D and Pence Lois E
Bought by
Olive Drive Properties Llc

Purchase Details

Closed on
Sep 12, 2002
Sold by
Frangis Gus C and Frangis Marica M
Bought by
Pence Robb D and Pence Lois E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.09%
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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Purchase History

Date Buyer Sale Price Title Company
Spssm Invesments Ix Lp -- Orange Coast Title Company
Golden Opportunity No 14 $125,000 Placer Title Er
Olive Manor Llc $550,000 Chicago Title Company
Mountain Ridge Investments I Llc -- Accommodation
Olive Drive Properties Llc -- Public
Pence Robb D $105,500 Fidelity National Title Co
Frangis Gus C $53,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spssm Invesments Ix Lp $4,024,000
Previous Owner Pence Robb D $84,000
Closed Pence Robb D $9,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/23/2015 11/23/15 Sold $85,000 -19.0% $46 / Sq Ft
10/24/2015 10/24/15 Pending -- -- --
09/17/2015 09/17/15 For Sale $104,990 -- $57 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $3,500 $139,436 $33,464 $105,972
2024 $3,370 $136,703 $32,808 $103,895
2023 $3,370 $134,023 $32,165 $101,858
2022 $3,167 $131,396 $31,535 $99,861
2021 $2,991 $128,820 $30,917 $97,903
2020 $2,850 $127,500 $30,600 $96,900
2019 $2,814 $127,500 $30,600 $96,900
2018 $2,585 $112,363 $31,212 $81,151
2017 $2,555 $110,160 $30,600 $79,560
2016 $2,390 $108,000 $30,000 $78,000
2015 $2,412 $111,000 $27,750 $83,250
2014 $2,181 $92,700 $18,540 $74,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21511288

Bakersfield Association of REALTORS® / GEMLS

APN: 113-112-04-00-1

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