NOT LISTED FOR SALE

509 Niles St Bakersfield, CA 93305

East Bakersfield Neighborhood

Estimated Value: $228,000 - $281,000

3 Beds
1 Bath
1,535 Sq Ft
$162/Sq Ft Est. Value

Last Sold October 31, 2016

Last sale price $98,646 $64 Per Sq Ft

Est. 160% increase in value since last sale

Current estimated payment $1,547/month

40 Days on Market

About This Home

As of October 2016

New carpet new stove, new paint, new water heaters. Some plumbing work updated. Fully occupied. This is an investors dream come true!

Last Agent to Sell the Property

Michael Freedman

American Real Estate License #01212171 Listed on: 08/22/2016

Last Buyer's Agent

Scott Hanson

Benchmark Real Estate Group License #01215474

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1909

Lot Details

  • 7,487 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,535 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 01408002

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $15,156
  • Net Operating Income $15,156

Property Details

Home Type

Multi-Family

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1909
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1535.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport, Uncovered

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 7487.00
  • Parcel #: 01408002

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 2
  • Annual Gross Income: 15156.00
  • Property Net Operating Income: 15156.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2023
Sold by
Scott I Hanson I and Scott Brandi M
Bought by
Sisu Real Estate Holdings Llc
Current Estimated Value
$256,333

Purchase Details

Listed on
Aug 22, 2016
Closed on
Oct 17, 2016
Sold by
Sebastian Revocable Trust
Bought by
Agb Holdings Llc
Seller's Agent
Michael Freedman
American Real Estate
Buyer's Agent
Scott Hanson
Benchmark Real Estate Group
List Price
$114,900
Sold Price
$98,646
Premium/Discount to List
-$16,254
-14.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%

Purchase Details

Closed on
Jul 30, 2015
Sold by
Roberts Hilda
Bought by
Sebastian Revocable Trust

Purchase Details

Listed on
Jun 11, 2013
Closed on
Jul 2, 2013
Sold by
Blom C James and Blom Olly
Bought by
Roberts Hilda
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Lidia Aranda
Miramar International Calloway
List Price
$225,000
Sold Price
$195,000
Premium/Discount to List
-$30,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.95%
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
Sisu Real Estate Holdings Llc -- None Listed On Document
Scott I Hanson And Brandi M Hanson Family Tru -- None Listed On Document
Agb Holdings Llc $277,000 Placer Title Company
Sebastian Revocable Trust -- None Available
Sebastian Revocable Trust -- None Available
Roberts Hilda $195,000 Ticor Title Company Of Ca
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/31/2016 10/31/16 Sold $98,646 -14.1% $64 / Sq Ft
10/01/2016 10/01/16 Pending -- -- --
08/22/2016 08/22/16 For Sale $114,900 -41.1% $75 / Sq Ft
07/16/2013 07/16/13 Sold $195,000 -13.3% $127 / Sq Ft View Prior Sale
06/16/2013 06/16/13 Pending -- -- --
06/11/2013 06/11/13 For Sale $225,000 -- $147 / 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 $2,642 $121,854 $29,011 $92,843
2024 $2,575 $119,466 $28,443 $91,023
2023 $2,575 $117,125 $27,886 $89,239
2022 $2,491 $114,830 $27,340 $87,490
2021 $2,305 $112,579 $26,804 $85,775
2020 $2,238 $111,426 $26,530 $84,896
2019 $2,195 $111,426 $26,530 $84,896
2018 $2,150 $107,100 $25,500 $81,600
2017 $2,133 $105,000 $25,000 $80,000
2016 $4,017 $75,592 $15,532 $60,060
2015 $3,374 $74,457 $15,299 $59,158
2014 $1,619 $73,000 $15,000 $58,000
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Michael Freedman

    American Real Estate

    (661) 497-0000

    12 in this area

    112 Total Sales

    Michael Freedman
    Section Image

  • S

    Buyer's Agent in 2016

    Scott Hanson

    Benchmark Real Estate Group

    (661) 496-2582

    1 in this area

    28 Total Sales

    Scott Hanson
    Section Image
  • Marc Thurston

    Seller's Agent in 2013

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    9 in this area

    87 Total Sales

    Marc Thurston
    Section Image

  • L

    Buyer's Agent in 2013

    Lidia Aranda

    Miramar International Calloway

    (661) 322-7000

    4 in this area

    62 Total Sales

    Lidia Aranda
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21610153

Bakersfield Association of REALTORS® / GEMLS

APN: 014-080-02-00-1

California Kern County Bakersfield 93305 East Bakersfield

509 Niles 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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