NOT LISTED FOR SALE

Estimated Value: $399,000 - $483,000

1 Bed
1 Bath
2,496 Sq Ft
$175/Sq Ft Est. Value

Last Sold August 27, 2019

Last sale price $245,000 $98 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,837/month

80 Days on Market

About This Home

As of August 2019

100% leased and ready to add or start your own investment portfolio. Large corner lot in good rental area, upside potential in rents. 7.5 CAP. Priced to sell!

Last Agent to Sell the Property

Debra McTaggart

Epique Realty License #01930648 Listed on: 05/09/2019

Epique Realty

Last Buyer's Agent

Alfonso Quezada

Infinity Real Estate Services License #02005746

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,562

Year Built

  • Built in 1974

Lot Details

  • 7,405 Sq Ft Lot

Interior Spaces

  • 2,496 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Schools

  • Longfellow Elementary School
  • Washington Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 01408004

Community Details

Overview

  • 4 Units
  • Bakersfield Subdivision

Building Details

  • Gross Income $25,320
  • Net Operating Income $19,539

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,562

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1974
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 2496.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 7405.00
  • Parcel #: 01408004

Multi Family

  • Total Annual Expense: 5781.00
  • Vacancy Factor: 0.10
  • Number Of Units Total: 4
  • Annual Gross Income: 25320.00
  • Property Net Operating Income: 19539.00

MLS Schools

  • Elementary School: Longfellow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 24, 2021
Sold by
Quezada Andrew Ernie
Bought by
Quezada Andrew Ernie
Current Estimated Value
$435,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2021
Sold by
Quezada Andrea Monique
Bought by
Quezada Andrew Ernie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 9, 2019
Closed on
Jul 26, 2019
Sold by
Higher Grounds Solutions Inc
Bought by
Quezada Andrew Elaine
Seller's Agent
Debra McTaggart
Epique Realty
Buyer's Agent
Alfonso Quezada
Infinity Real Estate Services
List Price
$247,800
Sold Price
$245,000
Premium/Discount to List
-$2,800
-1.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.90%
Original Mortgage
$183,750
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 12, 2016
Sold by
Clark Michal C and Ben Clark 2005 Trust
Bought by
Higher Grounds Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Interest Rate
3.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 6, 2005
Sold by
Clark Ben
Bought by
Clark Ben and The Ben Clark 2005 Trust
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
Quezada Andrew Ernie -- Western Resources Title
Quezada Andrew Ernie -- Western Resources Title
Quezada Andrew Elaine $245,000 Chicago Title Company
Higher Grounds Solutions Inc $585,000 Ticor Title Company
Clark Ben -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Quezada Andrew Ernie $643,500
Closed Quezada Andrew Ernie $240,000
Closed Quezada Andrew Elaine $183,750
Previous Owner Higher Grounds Solutions Inc $95,000
Previous Owner Higher Grounds Solutions Inc $168,000
Previous Owner Higher Grounds Solutions Inc $525,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2019 08/27/19 Sold $245,000 -1.1% $98 / Sq Ft
07/28/2019 07/28/19 Pending -- -- --
05/09/2019 05/09/19 For Sale $247,800 -- $99 / 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 $5,562 $267,940 $54,681 $213,259
2024 $5,562 $262,687 $53,609 $209,078
2023 $5,422 $257,537 $52,558 $204,979
2022 $5,251 $252,488 $51,528 $200,960
2021 $4,875 $247,538 $50,518 $197,020
2020 $4,741 $245,000 $50,000 $195,000
2019 $3,984 $146,126 $37,884 $108,242
2018 $3,412 $140,454 $36,414 $104,040
2017 $3,381 $137,700 $35,700 $102,000
2016 $2,912 $109,637 $13,567 $96,070
2015 $2,875 $107,991 $13,364 $94,627
2014 $2,788 $105,877 $13,103 $92,774
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21905521

Bakersfield Association of REALTORS® / GEMLS

APN: 014-080-04-00-7