NOT LISTED FOR SALE

Estimated Value: $774,231 - $906,000

8 Beds
5 Baths
4,459 Sq Ft
$187/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $750,000 $168 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,188/month

28 Days on Market

About This Home

As of August 2023

High demand 4plex in Southwest Bakersfield next to Panama Lane corridor and Costco. There has been no turnover of these Maybrook 4plexes since 2019. Tenants stay for long-term, as this street is quietly OFF the busy thoroughfare, yet freeway access is 4 minutes away. The front unit is a 3bed/2bath with 2car garage, looks very much like a SFR, renting for $1650. There are two 2bedroom/1bath units that rent for $1350 and $1006. And a 1bed/1bath unit that rents for $605. 2 of the AC units were replaced in recent years. Lots of upside on the rents.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 06/27/2023

Keller Williams Realty

Last Buyer's Agent

Harry Sidhu

Miramar International-Riverwal License #01945218

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,077

Year Built

  • Built in 1979

Lot Details

  • 10,890 Sq Ft Lot

Interior Spaces

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

Schools

  • Loudon Elementary School
  • Thompson Middle School
  • Ridgeview High School

Listing and Financial Details

  • Assessor Parcel Number 37118317

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $55,872
  • Net Operating Income $37,430

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,077

Year Built

Built in 1979

Lot Details

0

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 Features: Garage

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 10890.00
  • Parcel #: 37118317

Multi Family

  • Total Annual Expense: 17882.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 55872.00
  • Property Net Operating Income: 37430.00

MLS Schools

  • Elementary School: Loudon, Roy W.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Jul 27, 2023
Sold by
Poon Damian C and Poon Shelly D
Bought by
Singh Gill Kamaljit and Kaur Bains Kulwinder
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Harry Sidhu
Miramar International-Riverwal
List Price
$750,000
Sold Price
$750,000
Total Days on Market
28
Views
87
Current Estimated Value
$834,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,058
Avg. Annual Appreciation
6.15%
Original Mortgage
$402,500
Outstanding Balance
$395,470
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$438,588

Purchase Details

Closed on
Aug 21, 2012
Sold by
Anglin John
Bought by
Poon Damian C and Poon Shelly D

Purchase Details

Closed on
May 3, 2012
Sold by
Poon Damian C and Poon Shelly D
Bought by
Anglin John and The K & K A Living Trust

Purchase Details

Closed on
Mar 23, 2012
Sold by
Hung Edmond
Bought by
Poon Damian C and Poon Shelly D

Purchase Details

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

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
7.12%
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

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Range of Values:

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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
Singh Gill Kamaljit $750,000 Ticor Title Company
Poon Damian C $450,000 Placer Title Company
Anglin John $255,000 First American Title Company
Poon Damian C $192,000 First American Title Company
Hung Edmond $536,000 Ticor Title Company Of Ca
Niblett Allen -- Ticor Title
Niblett Allen $1,633,500 Ticor Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singh Gill Kamaljit $402,500
Previous Owner Hung Edmond $375,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $750,000 0.0% $168 / Sq Ft
07/25/2023 07/25/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $750,000 0.0% $168 / Sq Ft
07/20/2023 07/20/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $750,000 0.0% $168 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $750,000 0.0% $168 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $750,000 -- $168 / 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
2024 $6,077 $750,000 $125,000 $625,000
2023 $6,077 $301,810 $47,339 $254,471
2022 $5,813 $295,893 $46,411 $249,482
2021 $5,430 $290,092 $45,501 $244,591
2020 $5,274 $287,119 $45,035 $242,084
2019 $5,202 $287,119 $45,035 $242,084
2018 $5,003 $275,972 $43,287 $232,685
2017 $4,931 $270,562 $42,439 $228,123
2016 $4,671 $265,257 $41,607 $223,650
2015 $4,619 $261,274 $40,983 $220,291
2014 $4,504 $256,157 $40,181 $215,976
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202305348

Bakersfield Association of REALTORS® / GEMLS

APN: 371-183-17-00-9