NOT LISTED FOR SALE

507 Monterey St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $226,255 - $520,000

5 Beds
2 Baths
2,566 Sq Ft
$132/Sq Ft Est. Value

Last Sold August 01, 2012

Last sale price $80,000 $31 Per Sq Ft

Est. 325% increase in value since last sale

Current estimated payment $2,091/month

23 Days on Market

About This Home

As of August 2012

CA$H Flow with $2,600 / month in rents (per property manager). PROFIT with this 17% CAP Rate!! Front house can be a 3 bed 1 bath rents for $800. The 2 bed 1 bath rents for $600. The Duplex units are 1 bedroom, 1 bath and rent for $575 each. FRESH 2-Tone Interior and Exterior Paint. Only needs about $25 - 30k to finish out Rehab to get rent ready and turn key. After repairs, this is ONLY $29,000 / Door...INCREDIBLE DEAL!! Don't miss this opportunity!

Last Agent to Sell the Property

Heidi Gray

Miramar Realty License #01420155 Listed on: 07/09/2012

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,749

Year Built

  • Built in 1910

Lot Details

  • 0.26 Acre Lot

Interior Spaces

  • 2,566 Sq Ft Home
  • 1-Story Property

Schools

  • Jefferson Bak Elementary School
  • Washington Middle School
  • East High School

Community Details

  • 4 Units
  • Gross Income $28,800

Listing and Financial Details

  • Assessor Parcel Number 01415002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,749

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1910
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2566.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Other

Schools

  • High School: East
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size Sq Ft: 11253.00
  • Parcel #: 01415002

Multi Family

  • Vacancy Factor: 10.00
  • Number Of Units Total: 4
  • Annual Gross Income: 28800.00

MLS Schools

  • Elementary School: Jefferson_Bak

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2011
Sold by
Wells Fargo Bank N A
Bought by
Global Mlm Inc and Local Home Solutions
Current Estimated Value
$339,814
Source: Public Records

Range of Values:

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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
Global Mlm Inc $45,000 North American Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/01/2012 08/01/12 Sold $80,000 -5.9% $31 / Sq Ft
07/09/2012 07/09/12 For Sale $85,000 -- $33 / 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 $3,749 $110,815 $24,622 $86,193
2024 $3,641 $108,643 $24,140 $84,503
2023 $3,641 $106,514 $23,667 $82,847
2022 $3,494 $104,426 $23,203 $81,223
2021 $3,136 $102,380 $22,749 $79,631
2020 $3,005 $101,331 $22,516 $78,815
2019 $2,950 $101,331 $22,516 $78,815
2018 $2,896 $97,398 $21,643 $75,755
2017 $2,866 $95,489 $21,219 $74,270
2016 $2,733 $93,617 $20,803 $72,814
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2012

    Heidi Gray

    Miramar Realty

    22 Total Sales

    Heidi Gray
    Section Image

  • N

    Buyer's Agent in 2012

    Non-Member Non-Member

    Non-Member Office

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21207182

Bakersfield Association of REALTORS® / GEMLS

APN: 014-150-02-00-1

California Kern County Bakersfield 93305 East Bakersfield

507 Monterey St, Bakersfield, CA

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.
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