NOT LISTED FOR SALE

438 Willow Dr Bakersfield, CA 93308

Estimated Value: $329,000 - $425,000

3 Beds
2 Baths
-- Sq Ft
6,969 Sq Ft Lot

Last Sold May 01, 2023

Last sale price $289,000

Est. 24% increase in value since last sale

Current estimated payment $2,310/month

29 Days on Market

About This Home

As of May 2023

Highly sought after 2006 construction duplex. Building is situated on a Corner lot across from a park with running trails close by. Each unit is 3bed/1.75 bath and these long-term tenants each rent $1000/month. Modern plumbing and electrical, and the units both have central Air/Heat. The tenants are on month-to-month agreements, and pay on time. The upside in rents is easily 20%. Bakersfield rental market is super tight, with a current vacancy factor of just 2.5%. Trash and sewer are included in property taxes. Tenants pay electric and gas.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 03/03/2023

Keller Williams Realty

Last Buyer's Agent

Alfred Coronado

eHomes of Bakersfield License #02055980

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 6,969

Parking

  • Uncovered Parking

Home Design

  • Duplex

Schools

  • Beardsley Elementary And Middle School
  • North High School

Additional Features

  • 1-Story Property
  • 6,969 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 11502221

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $24,702
  • Net Operating Income $14,692

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2006
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 6969.00
  • Parcel #: 11502221

Multi Family

  • Total Annual Expense: 9139.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 24702.00
  • Property Net Operating Income: 14692.00

MLS Schools

  • Elementary School: Beardsley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2023
Closed on
Apr 3, 2023
Sold by
Susan K Chu Living Trust
Bought by
Bajwa Ranjeet and Bajwa Renu
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Alfred Coronado
eHomes of Bakersfield
List Price
$279,000
Sold Price
$289,000
Premium/Discount to List
$10,000
3.58%
Current Estimated Value
$357,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,333
Avg. Annual Appreciation
10.64%
Original Mortgage
$216,750
Outstanding Balance
$210,726
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$168,607

Purchase Details

Closed on
Jul 7, 2010
Sold by
Chu Susan K
Bought by
Chu Susan K and The Susan K Chu Living Trust

Purchase Details

Closed on
Nov 25, 2008
Sold by
Hsbc Bank Usa Na
Bought by
Chu Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,500
Interest Rate
5.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 22, 2008
Sold by
Velasquez Rodolfo
Bought by
Hsbc Bank Usa Na and Ace Securities Corp Home Equity Loan Tru

Purchase Details

Closed on
Feb 14, 2007
Sold by
Jara Brothers Investments Inc
Bought by
Velasquez Rodolfo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bajwa Ranjeet $289,000 Ticor Title Company
Chu Susan K -- None Available
Chu Susan K $106,000 Lsi Title Agency Inc Il
Hsbc Bank Usa Na $283,650 None Available
Velasquez Rodolfo $375,000 Alliance Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bajwa Ranjeet $216,750
Previous Owner Chu Susan K $79,500
Previous Owner Velasquez Rodolfo $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2023 05/01/23 Sold $289,000 +3.6% --
04/01/2023 04/01/23 Pending -- -- --
03/03/2023 03/03/23 For Sale $279,000 -- --
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 $5,314 $300,675 $46,818 $253,857
2024 $3,305 $294,780 $45,900 $248,880
2023 $3,305 $131,186 $18,558 $112,628
2022 $3,092 $128,615 $18,195 $110,420
2021 $2,916 $126,094 $17,839 $108,255
2020 $2,789 $124,802 $17,657 $107,145
2019 $2,760 $124,802 $17,657 $107,145
2018 $2,663 $119,958 $16,972 $102,986
2017 $2,610 $117,607 $16,640 $100,967
2016 $2,496 $115,302 $16,314 $98,988
2015 $2,440 $113,571 $16,069 $97,502
2014 $2,346 $107,700 $21,540 $86,160
Source: Public Records

Agents Affiliated with this Home

  • Philip Jordan

    Seller's Agent in 2023

    Philip Jordan

    Keller Williams Realty

    (805) 453-8353

    134 Total Sales

    Philip Jordan
    Section Image

  • A

    Buyer's Agent in 2023

    Alfred Coronado

    eHomes of Bakersfield

    34 Total Sales

    Alfred Coronado
    Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202301768

Bakersfield Association of REALTORS® / GEMLS

APN: 115-022-21-00-8

California Kern County Bakersfield 93308

438 Willow Dr, Bakersfield, CA

Not Listed for Sale

MultiFamily

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.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

Nearby Homes