NOT LISTED FOR SALE

509 King St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $286,000 - $350,151

3 Beds
1 Bath
1,000 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 18, 2023

Last sale price $255,000 $255 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,984/month

11 Days on Market

About This Home

As of April 2023

2 Homes on one lot in the Old Town Kern area of Bakersfield near the historic Luigi's Delicatessen. Both have been recently remodeled (approx. $40k per seller) and are rented to long term tenants. Front home has 3 bedrooms and 2 bathrooms plus central HVAC. Rear unit has 2 bedrooms and 1 bathroom with indoor laundry. Entire property is securely fenced with separate access for each unit. Property is located near dining, public transportation, and provides easy access to HWY 58 & 178.

Last Agent to Sell the Property

Sheeza Gordon

Watson Realty License #01462106 Listed on: 03/27/2023

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912

Lot Details

  • 4,791 Sq Ft Lot

Parking

  • Uncovered Parking

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property

Schools

  • Owens Elementary School
  • Chipman Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 01728015

Community Details

Overview

  • 2 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $30,900
  • Net Operating Income $23,640

Property Details

Home Type

Multi-Family

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1912
  • Building Stories: 1
  • Property Sub Type: Other
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1000.00

Exterior Features

  • Disclosures: Call Listing Agent, None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat,Evaporative,Floor/Wall Heater,Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Chipman

Lot Info

  • Lot Size Sq Ft: 4791.00
  • Parcel #: 01728015

Multi Family

  • Total Annual Expense: 7260.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 2
  • Annual Gross Income: 30900.00
  • Property Net Operating Income: 23640.00

MLS Schools

  • Elementary School: Owens, B. E.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 18, 2023
Sold by
Castrillo Jessica Carolina
Bought by
Castrillo Neslon
Seller's Agent
Sheeza Gordon
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%
Current Estimated Value
$310,538

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,538
Avg. Annual Appreciation
7.60%

Purchase Details

Listed on
Mar 27, 2023
Closed on
Apr 13, 2023
Sold by
Anvi California Ll C
Bought by
Castrillo Nelson
Seller's Agent
Sheeza Gordon
Watson Realty
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$250,000
Sold Price
$255,000
Premium/Discount to List
$5,000
2%

Purchase Details

Closed on
Jul 1, 2022
Sold by
Andrew Mccormick
Bought by
Anvi California Llc

Purchase Details

Closed on
Jul 12, 2021
Sold by
Navarro Armando
Bought by
Mccormick Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 22, 2008
Sold by
Navarro Maria
Bought by
Navarro Armando

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,500
Interest Rate
5.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2007
Sold by
World Savings Bank Fsb
Bought by
Navarro Armando and Navarro Maria

Purchase Details

Closed on
Nov 14, 2007
Sold by
Maes Jonathan
Bought by
World Savings Bank Fsb

Purchase Details

Closed on
Aug 3, 2004
Sold by
Bradford Philip B and Bradford Robert
Bought by
Maes Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$31,875
Interest Rate
6.17%
Mortgage Type
New Conventional
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
Castrillo Neslon -- First American Title
Castrillo Nelson $255,000 First American Title
Anvi California Llc -- Wfg National Title
Mccormick Andrew $125,000 Property Id Title Company
Navarro Armando -- Chicago Title Company
Navarro Armando $55,000 Fidelity National Title Co
World Savings Bank Fsb $151,971 None Available
Maes Jonathan $42,500 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccormick Andrew $103,000
Previous Owner Navarro Armando $115,500
Previous Owner Maes Jonathan $31,875
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2023 04/18/23 Sold $255,000 +2.0% $255 / Sq Ft
04/07/2023 04/07/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $250,000 -- $250 / 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 $4,287 $265,302 $52,020 $213,282
2024 $4,287 $260,100 $51,000 $209,100
2023 $3,160 $210,000 $45,000 $165,000
2022 $2,130 $125,000 $35,000 $90,000
2021 $1,356 $66,728 $48,533 $18,195
2020 $1,356 $66,045 $48,036 $18,009
2019 $1,296 $66,045 $48,036 $18,009
2018 $1,269 $63,482 $46,172 $17,310
2017 $1,260 $62,238 $45,267 $16,971
2016 $1,178 $61,019 $44,380 $16,639
2015 $1,167 $60,104 $43,714 $16,390
2014 $1,130 $58,927 $42,858 $16,069
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2023

    Sheeza Gordon

    Watson Realty

  • N

    Buyer's Agent in 2023

    Non-Member Non-Member

    Non-Member Office

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202302348

Bakersfield Association of REALTORS® / GEMLS

APN: 017-280-15-00-8

California Kern County Bakersfield 93305 East Bakersfield

509 King St, Bakersfield, CA

Not Listed for Sale

MultiFamily

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Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
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