NOT LISTED FOR SALE

4812 Summertree Ln Bakersfield, CA 93309

Southwest Bakersfield Neighborhood

Estimated Value: $656,000 - $756,000

9 Beds
4 Baths
3,863 Sq Ft
$184/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $450,000 $116 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,418/month

About This Home

As of November 2019

SW fourplex that has been well maintained over the years. Built in 1973 this fourplex consists of a large 3 bedroom / 2 bath unit with a 2-car detached garage and 3 -2 bedroom / 1bath units with 1 car detached garages. Each unit has a small side yard with patio. Interiors contain stoves, dishwashers and laundry hookups. Currently the rents are $1,200 for the front unit, $ 800 for unit B, $725 for unit C and $900 for unit D. The property has a unique location in that it is tucked inside a residential neighborhood. The properties on the North side of the street are all small multifamily units, whereas all the properties on the south side of the street are single family residences.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/22/2019

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 09/22/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,302

Year Built

  • Built in 1973

Lot Details

  • 0.3 Acre Lot

Interior Spaces

  • 3,863 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 44021103

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $43,500
  • Net Operating Income $26,525

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,302

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1973
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3863.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 13259.00
  • Parcel #: 44021103

Multi Family

  • Total Annual Expense: 14800.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Annual Gross Income: 43500.00
  • Property Net Operating Income: 26525.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 28, 2021
Sold by
Okhovat Mehran and Kohanim Zipora
Bought by
Okhovat Mehran and Kohanim Zipora
Current Estimated Value
$710,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Outstanding Balance
$234,235
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$476,238

Purchase Details

Listed on
Sep 22, 2019
Closed on
Oct 7, 2019
Sold by
Brown Daniel
Bought by
Okhovat Mehran and Kohanim Zipora
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$445,000
Sold Price
$450,000
Premium/Discount to List
$5,000
1.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.98%
Original Mortgage
$277,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 2011
Sold by
Brown Lindsey
Bought by
Brown Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,056
Interest Rate
4.46%
Mortgage Type
FHA

Purchase Details

Closed on
May 6, 2011
Sold by
Saxon Mortgage Services Inc
Bought by
Federal Home Loan Mortgage Corp

Purchase Details

Closed on
Apr 28, 2011
Sold by
Moscoso Roque and Moscoso Irma
Bought by
Saxon Mortgage Services Inc

Purchase Details

Closed on
Feb 26, 2007
Sold by
Downs Carren L
Bought by
Moscoso Roque

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,000
Interest Rate
7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 19, 2004
Sold by
Laurent Beverly T and Downs Carren L
Bought by
Downs Carren L

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
8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 1998
Sold by
Crumly Sharon
Bought by
Downs Carren L
Source: Public Records

Range of Values:

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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
Okhovat Mehran -- California Best Title
Okhovat Mehran $450,000 Placer Title Company
Brown Daniel -- Ticor Title
Brown Daniel $195,000 Ticor Title
Federal Home Loan Mortgage Corp -- None Available
Saxon Mortgage Services Inc $454,383 None Available
Moscoso Roque $530,000 Chicago Title
Downs Carren L -- Fidelity National Financial
Downs Carren L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okhovat Mehran $280,000
Closed Okhovat Mehran $277,000
Previous Owner Brown Daniel $190,056
Previous Owner Moscoso Roque $424,000
Previous Owner Downs Carren L $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/18/2019 11/18/19 Sold $450,000 +1.1% $116 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
09/22/2019 09/22/19 For Sale $445,000 -- $115 / 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 $8,302 $492,137 $109,363 $382,774
2024 $8,302 $482,488 $107,219 $375,269
2023 $8,158 $473,028 $105,117 $367,911
2022 $7,817 $463,754 $103,056 $360,698
2021 $7,414 $454,662 $101,036 $353,626
2020 $7,242 $450,000 $100,000 $350,000
2019 $4,436 $223,951 $34,452 $189,499
2018 $4,276 $215,257 $33,115 $182,142
2017 $4,213 $211,037 $32,466 $178,571
2016 $4,008 $206,900 $31,830 $175,070
2015 $3,959 $203,793 $31,352 $172,441
2014 $3,859 $199,802 $30,738 $169,064
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2019

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    12 in this area

    84 Total Sales

    Marc Thurston
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21911234

Bakersfield Association of REALTORS® / GEMLS

APN: 440-211-03-00-5

California Kern County Bakersfield 93309 Southwest Bakersfield

4812 Summertree Ln, Bakersfield, CA

This home is located at 4812 Summertree Ln, Bakersfield, CA 93309 since 22 September 2019 and is currently estimated at $710,473, approximately $183 per square foot. This property was built in 1973. 4812 Summertree Ln is a home located in Kern County with nearby schools including Stine Elementary School, Fred L. Thompson Junior High School, and West High School.

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.

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