NOT LISTED FOR SALE

Estimated Value: $366,000 - $389,000

4 Beds
2 Baths
1,568 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $330,000 $210 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,426/month

About This Home

As of August 2023

Great opportunity awaits you in this newer 2-unit treasure! Each unit offers 2 bedrooms and 1 bath. Each unit also features its own garage, private patio, and even a fireplace. This is a great opportunity for the investor or live in one and rent the other.

Last Agent to Sell the Property

Robert Morris

Watson Realty License #01440437 Listed on: 07/21/2023

Last Buyer's Agent

AJ Bhuee

Watson Realty License #01906247

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 2002

Lot Details

  • 7,840 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,568 Sq Ft Home
  • 1-Story Property

Schools

  • Kendrick Elementary School
  • Ollivier Middle School
  • Golden Valley High School

Listing and Financial Details

  • Assessor Parcel Number 37213219

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $18,600
  • Net Operating Income $6,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,208

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2002
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1568.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Golden Valley
  • Middle Or Junior School: Ollivier, L. H.

Lot Info

  • Lot Size Sq Ft: 7840.00
  • Parcel #: 37213219

Multi Family

  • Total Annual Expense: 11601.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 18600.00
  • Property Net Operating Income: 6999.00

MLS Schools

  • Elementary School: Kendrick, W. A.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Aug 7, 2023
Sold by
Hoffman Velasquez Trust
Bought by
Lothe Shailesh S and Lothe Nila S
Seller's Agent
Robert Morris
Watson Realty
Buyer's Agent
AJ Bhuee
Watson Realty
List Price
$310,000
Sold Price
$330,000
Premium/Discount to List
$20,000
6.45%
Views
155
Current Estimated Value
$376,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,727
Avg. Annual Appreciation
6.32%

Purchase Details

Closed on
Aug 15, 2012
Sold by
Hoffman Lily and Velasquez Melvin
Bought by
Hoffman Lily and The Hoffman Velasquez Trust

Purchase Details

Closed on
May 1, 2012
Sold by
Velasquez Melvin and Hoffman Lily
Bought by
Hoffman Lily and Velasquez Melvin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,600
Interest Rate
4.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 28, 2001
Sold by
Brookfield 55 Corp
Bought by
Velasquez Melvin and Hoffman Lily

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,720
Interest Rate
5.95%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lothe Shailesh S $330,000 Placer Title
Hoffman Lily -- None Available
Hoffman Lily -- Lawyers Title
Velasquez Melvin $136,000 Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoffman Lily $97,600
Previous Owner Velasquez Melvin $108,720
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2023 08/23/23 Sold $330,000 +6.5% $210 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $310,000 -- $198 / 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 $5,208 $336,600 $66,300 $270,300
2024 $3,478 $330,000 $65,000 $265,000
2023 $3,478 $189,302 $34,792 $154,510
2022 $3,417 $185,591 $34,110 $151,481
2021 $3,205 $181,953 $33,442 $148,511
2020 $3,106 $180,089 $33,100 $146,989
2019 $3,057 $180,089 $33,100 $146,989
2018 $2,934 $173,097 $31,815 $141,282
2017 $2,905 $169,704 $31,192 $138,512
2016 $2,744 $166,378 $30,581 $135,797
2015 $2,440 $141,000 $35,000 $106,000
2014 $1,980 $102,000 $25,000 $77,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202306113

Bakersfield Association of REALTORS® / GEMLS

APN: 372-132-19-00-0