501 Magnolia Ave Bakersfield, CA 93305
College Heights NeighborhoodEstimated payment $2,507/month
Total Views
17,598
5
Beds
3
Baths
2,288
Sq Ft
$174
Price per Sq Ft
Highlights
- In Ground Pool
- Central Heating and Cooling System
- 1-Story Property
- 0.51 Acre Lot
About This Home
Welcome to an exceptional investment opportunity in one of Bakersfield's most sought-after neighborhoods. This expansive property sits on over half an acre and offers endless potential for the savvy investor or visionary homeowner. The home features five generously sized bedrooms and three bathrooms, with the framework already in place and awaiting your finishing touches. Step into the spacious backyard where a large in-ground pool sets the stage for future summer gatherings and outdoor enjoyment. Rare for the area, this home includes a basement partially finished with a private bar, offering a unique space for entertainment or a retreat area. Major upgrades already completed include: Brand new roof, New windows throughout, Upgraded electrical system, New plumbing, Modern HVAC system installed. All the heavy lifting has been done. Now it's time for your creativity to shine and transform this hidden gem into a true masterpiece.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,041
Year Built
- Built in 1936
Parking
- 2 Car Garage
Interior Spaces
- 2,288 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Schools
- Noble Elementary School
- Washington Middle School
- East High School
Additional Features
- In Ground Pool
- 0.51 Acre Lot
- Central Heating and Cooling System
Community Details
- Skyline Park Subdivision #2
Listing and Financial Details
- Assessor Parcel Number 12324001
Map
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Home Values in the Area
Average Home Value in this Area
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 | $4,041 | $270,504 | $83,232 | $187,272 |
| 2024 | $4,041 | $265,200 | $81,600 | $183,600 |
| 2023 | $3,390 | $220,067 | $49,685 | $170,382 |
| 2022 | $3,280 | $215,753 | $48,711 | $167,042 |
| 2021 | $3,167 | $211,523 | $47,756 | $163,767 |
| 2020 | $3,126 | $209,355 | $47,267 | $162,088 |
| 2019 | $3,038 | $209,355 | $47,267 | $162,088 |
| 2018 | $2,957 | $201,228 | $45,433 | $155,795 |
| 2017 | $2,932 | $197,284 | $44,543 | $152,741 |
| 2016 | $2,582 | $193,417 | $43,670 | $149,747 |
| 2015 | $2,578 | $190,513 | $43,015 | $147,498 |
| 2014 | $2,500 | $186,782 | $42,173 | $144,609 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Price Changed | $399,000 | -3.9% | $174 / Sq Ft |
| 04/23/2025 04/23/25 | Price Changed | $415,000 | 0.0% | $181 / Sq Ft |
| 04/23/2025 04/23/25 | For Sale | $415,000 | -4.6% | $181 / Sq Ft |
| 04/18/2025 04/18/25 | Off Market | $435,000 | -- | -- |
| 04/11/2025 04/11/25 | For Sale | $435,000 | -- | $190 / Sq Ft |
Source: Bakersfield Association of REALTORS® / GEMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Trustee Deed | $328,787 | None Listed On Document | |
| Grant Deed | $260,000 | Lennar Title | |
| Grant Deed | $155,000 | Commonwealth Land Title Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $320,000 | New Conventional | |
| Previous Owner | $154,000 | New Conventional | |
| Previous Owner | $135,000 | No Value Available | |
| Previous Owner | $143,200 | Credit Line Revolving | |
| Closed | $186,000 | No Value Available |
Source: Public Records
Similar Homes in Bakersfield, CA
Source: Bakersfield Association of REALTORS® / GEMLS
MLS Number: 202504087
APN: 123-240-01-00-9
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