NOT LISTED FOR SALE

Estimated Value: $653,000 - $871,000

8 Beds
5 Baths
4,459 Sq Ft
$173/Sq Ft Est. Value

Last Sold December 02, 2015

Last sale price $370,000 $83 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $4,608/month

3 Days on Market

About This Home

As of December 2015

Southwest Fourplex Spacious corner lot with (1) 3 bedroom/2 bath, unit with garage, (2) 2 bedroom /1 bath, and (1)-1bedroom/1 bath. All units have fireplaces. Property has drought landscaping and carports. Built in 1979 Rent range is $650-$990

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 10/30/2015

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 10/30/2015

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 10,874

Interior Spaces

  • 4,459 Sq Ft Home
  • 2-Story Property

Parking

  • 1 Car Garage
  • Carport

Additional Features

  • 10,874 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 37118316

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $38,800
  • Net Operating Income $24,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

10,874 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1979
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4459.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Garage, Carport
  • Garages: 1

Utilities

  • Heatcool: Central AC

Lot Info

  • Lot Size Sq Ft: 10874.00
  • Parcel #: 37118316

Multi Family

  • Total Annual Expense: 12800.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 38800.00
  • Property Net Operating Income: 24060.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 30, 2015
Closed on
Nov 16, 2015
Sold by
Gomez Alvaro
Bought by
The Okhovat Trust
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$415,000
Sold Price
$370,000
Premium/Discount to List
-$45,000
-10.84%
Current Estimated Value
$771,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,163
Avg. Annual Appreciation
7.41%

Purchase Details

Closed on
May 4, 2011
Sold by
Hung Cherk Lum
Bought by
Gomez Alvaro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,794
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 7, 2005
Sold by
Niblett Allen and Holman Charles
Bought by
Hung Cherk Lum

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,200
Interest Rate
1.5%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 2, 2005
Sold by
Niblett Sharon and Holman Gwendolyn
Bought by
Niblett Allen and Holman Charles
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
The Okhovat Trust $370,000 Placer Title Company
Gomez Alvaro $243,000 First American Title Company
Hung Cherk Lum $536,000 Ticor Title
Niblett Allen -- Ticor Title
Niblett Allen $1,633,500 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gomez Alvaro $236,794
Previous Owner Hung Cherk Lum $375,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/02/2015 12/02/15 Sold $370,000 -10.8% $83 / Sq Ft
11/02/2015 11/02/15 Pending -- -- --
10/30/2015 10/30/15 For Sale $415,000 -- $93 / 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 $7,669 $437,998 $59,186 $378,812
2024 $7,669 $429,411 $58,026 $371,385
2023 $7,532 $420,992 $56,889 $364,103
2022 $7,214 $412,738 $55,774 $356,964
2021 $6,817 $404,646 $54,681 $349,965
2020 $6,650 $400,498 $54,121 $346,377
2019 $6,562 $400,498 $54,121 $346,377
2018 $6,294 $384,948 $52,020 $332,928
2017 $6,202 $377,400 $51,000 $326,400
2016 $6,237 $370,000 $50,000 $320,000
2015 $4,594 $259,037 $31,979 $227,058
2014 $4,479 $253,964 $31,353 $222,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21513080

Bakersfield Association of REALTORS® / GEMLS

APN: 371-183-16-00-6

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