NOT LISTED FOR SALE

5500 Red Wheat Ave Bakersfield, CA 93313

Panama Neighborhood

Estimated Value: $398,997 - $441,000

4 Beds
2 Baths
1,617 Sq Ft
$255/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $254,900 $158 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $2,530/month

166 Days on Market

About This Home

As of April 2019

Beautiful property located in a nice and quiet community in Southwest Bakersfield, features 4 spacious Bedrooms plus a bonus room that makes it the 5th bedroom/office/den. PAID FOR SOLAR, that means dont worry about electric bills at all. Completely upgraded kitchen with bran new cabinets, beautiful choice of Granite countertops and an 8ft long island. Owners added a huge pantry size of a Walk-in closet. Backyard is huge and has a nice patio, perfect for BBQs and gatherings. Come and look at this amazing house before its gone!

Last Agent to Sell the Property

Marco Morales Ramirez

Liberty One Real Estate Group License #02002604 Listed on: 10/11/2018

Last Buyer's Agent

Mezdan Mota

The Dana Real Estate & Invest License #01833661

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,487

Year Built

  • Built in 2011

Lot Details

  • 7,841 Sq Ft Lot
  • Zoning described as R1

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,617 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Eco-Friendly Details

  • Solar owned by a third party

Schools

  • Panama Elementary School
  • Stonecreek Middle School
  • Ridgeview High School

Listing and Financial Details

  • Assessor Parcel Number 53217024

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,487

Year Built

Built in 2011

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 2011
  • Building Stories: 1
  • Solar Owned Leased: Leased
  • Property Sub Type: Single Family Residence
  • Lot Size Acres: 0.1800
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement Bathrooms: 2.00
  • Total Bedrooms: 4
  • Living Area: 1617.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above
  • Pool Features: None

Garage/Parking

  • Parking Features: 2 Car Garage

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Ridgeview
  • Middle Or Junior School: Stonecreek

Lot Info

  • Zoning Description: R1
  • Lot Size Sq Ft: 7841.00
  • Parcel #: 53217024

MLS Schools

  • Elementary School: Panama

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2022
Sold by
Ahmad Ali Mahmoud
Bought by
Alsadi Mahmoud Ahmad Ali
Current Estimated Value
$411,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,800
Outstanding Balance
$257,904
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$154,095

Purchase Details

Listed on
Oct 11, 2018
Closed on
Apr 23, 2019
Sold by
Arabia Jeddah
Bought by
Almohtaseb Sausan A
Seller's Agent
Marco Morales Ramirez
Liberty One Real Estate Group
Buyer's Agent
Mezdan Mota
The Dana Real Estate & Invest
List Price
$254,900
Sold Price
$254,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$8,921
Interest Rate
4.3%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Oct 11, 2018
Closed on
Apr 2, 2019
Sold by
Castro Victor Flores
Bought by
Alsadi Mahmoud and Almohtaseb Sausan A
Seller's Agent
Marco Morales Ramirez
Liberty One Real Estate Group
Buyer's Agent
Mezdan Mota
The Dana Real Estate & Invest
List Price
$254,900
Sold Price
$254,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,921
Interest Rate
4.3%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 8, 2011
Sold by
Castro Jeanny
Bought by
Castro Victor Flores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,589
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 20, 2011
Sold by
Lennar Homes Of California Inc
Bought by
Castro Victor Flores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,589
Interest Rate
4.25%
Mortgage Type
FHA
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
Alsadi Mahmoud Ahmad Ali $137,500 Timios
Almohtaseb Sausan A -- Chicago Title Bakersfield
Alsadi Mahmoud -- Chicago Title Bakersfield
Alsadi Mahmoud $255,000 Chicago Title Bakersfield
Castro Victor Flores -- North American Title Co Inc
Castro Victor Flores $174,000 North American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alsadi Mahmoud Ahmad Ali $279,800
Previous Owner Alsadi Mahmoud $8,921
Previous Owner Alsadi Mahmoud $247,253
Previous Owner Castro Victor Flores $169,589
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2019 04/26/19 Sold $254,900 0.0% $158 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
10/11/2018 10/11/18 For Sale $254,900 -- $158 / 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 $4,487 $288,141 $65,300 $222,841
2024 $4,404 $282,492 $64,020 $218,472
2023 $4,404 $276,954 $62,765 $214,189
2022 $4,196 $268,049 $63,070 $204,979
2021 $4,064 $262,794 $61,834 $200,960
2020 $4,064 $260,100 $61,200 $198,900
2019 $3,295 $203,828 $46,855 $156,973
2018 $10,535 $195,916 $45,037 $150,879
2017 $5,736 $192,075 $44,154 $147,921
2016 $5,579 $188,310 $43,289 $145,021
2015 $5,578 $185,482 $42,639 $142,843
2014 $2,902 $181,849 $41,804 $140,045
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Marco Morales Ramirez

    Liberty One Real Estate Group

    (661) 748-2658

    1 in this area

    97 Total Sales

    Marco Morales Ramirez
    Section Image
  • Mezdan Mota

    Buyer's Agent in 2019

    Mezdan Mota

    The Dana Real Estate & Invest

    (310) 806-1893

    1 in this area

    95 Total Sales

    Mezdan Mota
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21812379

Bakersfield Association of REALTORS® / GEMLS

APN: 532-170-24-00-8

California Kern County Bakersfield 93313 Panama

5500 Red Wheat Ave, 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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