NOT LISTED FOR SALE

4202 White Ln Bakersfield, CA 93309

Southwest Bakersfield Neighborhood

Estimated Value: $723,000 - $825,000

12 Beds
9 Baths
4,690 Sq Ft
$169/Sq Ft Est. Value

Last Sold October 25, 2018

Last sale price $490,000 $104 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,844/month

48 Days on Market

About This Home

As of October 2018

This 4-plex is a great investment. Close to 99, shopping and good schools, this property is well located to keep long term tenants. Each apartment has a one car garage plus one off street space. All are 3 bedroom, 2.5 bath with large patios. Buy, live in one and have your tenants pay your payment.

Last Agent to Sell the Property

Lynne Wright

Unknown Broker License #01328107 Listed on: 08/08/2018

Last Buyer's Agent

Jon Busby

Team Busby Real Estate License #974087

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1988

Lot Details

  • 10,696

Parking

  • 4 Car Garage
  • Uncovered Parking

Schools

  • Sandrini Elementary School
  • Thompson Middle School
  • West High School

Additional Features

  • 2-Story Property
  • 10,696 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 40324109

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,680
  • Net Operating Income $28,561

Property Details

Home Type

Multi-Family

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1988
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Garage, Uncovered
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 10696.00
  • Parcel #: 40324109

Multi Family

  • Total Annual Expense: 15119.00
  • Vacancy Factor: 8.00
  • Number Of Units Total: 4
  • Annual Gross Income: 43680.00
  • Property Net Operating Income: 28561.00

MLS Schools

  • Elementary School: Sandrini, L.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2018
Closed on
Sep 17, 2018
Sold by
Tegland Ronald M and The Ronald M Tegland Trust
Bought by
Edwards Russell
Seller's Agent
Lynne Wright
Unknown Broker
Buyer's Agent
Jon Busby
Team Busby Real Estate
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%
Current Estimated Value
$791,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$301,536
Avg. Annual Appreciation
6.84%
Original Mortgage
$367,500
Outstanding Balance
$319,856
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$471,680

Purchase Details

Listed on
Jun 8, 2017
Closed on
Aug 10, 2017
Sold by
Summers Steve and Lucio Adan
Bought by
Tegland Ronald M and Ronald M Tegiand Trust
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$449,000
Sold Price
$440,000
Premium/Discount to List
-$9,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.47%
Original Mortgage
$190,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 8, 2017
Closed on
Aug 3, 2017
Sold by
Summers Steve
Bought by
Summers Steve and Lucio Adan
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$449,000
Sold Price
$440,000
Premium/Discount to List
-$9,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 4, 2008
Sold by
Summers Melanie E
Bought by
Summers Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 17, 2007
Sold by
Wells Fargo Bank Na
Bought by
Summers Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,200
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 6, 2007
Sold by
Garcia Jesus and Garcia Estela
Bought by
Wells Fargo Bank Na and Securitized Asset Backed Receivables Llc

Purchase Details

Closed on
Nov 28, 2006
Sold by
Garcia Jesus and Garcia Estela
Bought by
Garcia Jesus and Garcia Estela

Purchase Details

Closed on
Jun 9, 2005
Sold by
Kong Gun Pui and Kong Zhi Wen
Bought by
Garcia Jesus and Garcia Estela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,490
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Kong Gun Pui and Kong Qing Wen
Bought by
Kong Gun Pui and Kong Zhi Wen

Purchase Details

Closed on
Feb 27, 2003
Sold by
Chiou Yow Yea
Bought by
Kong Gun Pui and Kong Qing Wen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
5.25%

Purchase Details

Closed on
Feb 8, 1994
Sold by
Yang Kuo Ching
Bought by
Chiou Yow Yea
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
Edwards Russell $490,000 Ticor Title Co
Tegland Ronald M $440,000 North American Title Co Inc
Summers Steve -- Accommodation
Summers Steve -- First American Title Ins Co
Summers Steve -- First American Title Ins Co
Wells Fargo Bank Na $460,528 Accommodation
Garcia Jesus -- None Available
Garcia Jesus $590,000 Chicago Title
Kong Gun Pui -- Stewart Title
Kong Gun Pui -- Stewart Title
Kong Gun Pui $290,000 Stewart Title
Chiou Yow Yea -- World Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Russell $367,500
Previous Owner Tegland Ronald M $190,000
Previous Owner Summers Steve $295,200
Previous Owner Summers Steve $295,200
Previous Owner Garcia Jesus $439,490
Previous Owner Kong Gun Pui $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2018 10/25/18 Sold $490,000 -1.8% $104 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
08/08/2018 08/08/18 For Sale $499,000 +13.4% $106 / Sq Ft
08/16/2017 08/16/17 Sold $440,000 -2.0% $94 / Sq Ft View Prior Sale
07/17/2017 07/17/17 Pending -- -- --
06/08/2017 06/08/17 For Sale $449,000 -- $96 / 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 $8,947 $546,598 $94,816 $451,782
2024 $8,947 $535,881 $92,957 $442,924
2023 $8,797 $525,375 $91,135 $434,240
2022 $8,433 $515,075 $89,349 $425,726
2021 $8,023 $504,977 $87,598 $417,379
2020 $7,846 $499,800 $86,700 $413,100
2019 $7,744 $499,800 $86,700 $413,100
2018 $6,937 $440,000 $90,000 $350,000
2017 $6,120 $371,214 $90,538 $280,676
2016 $5,770 $363,936 $88,763 $275,173
2015 $5,366 $328,000 $49,000 $279,000
2014 $5,272 $325,000 $40,000 $285,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lynne Wright

    Unknown Broker

  • Jon Busby

    Buyer's Agent in 2018

    Jon Busby

    Team Busby Real Estate

    (661) 301-0584

    18 in this area

    610 Total Sales

    Jon Busby
    Section Image
  • Marc Thurston

    Seller's Agent in 2017

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    12 in this area

    87 Total Sales

    Marc Thurston
    Section Image

  • N

    Buyer's Agent in 2017

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21809731

Bakersfield Association of REALTORS® / GEMLS

APN: 403-241-09-00-1

California Kern County Bakersfield 93309 Southwest Bakersfield

4202 White Ln, 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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