NOT LISTED FOR SALE

5551 Midsummer Dr Unit D Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $211,924 - $230,000

2 Beds
2 Baths
1,086 Sq Ft
$201/Sq Ft Est. Value

Last Sold May 11, 2018

Last sale price $125,000 $115 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,361/month

48 Days on Market

Highlights

  • Gated Community
  • 1 Fireplace
  • 1-Story Property

About This Home

As of May 2018

This 2 bedroom, 2 bath Condo sits within Summerside Village. It has a 2 car garage, private patio, skylight, fireplace, stove/oven, garbage disposal, 2 sliding doors to patio, blinds and fans thru-out as well as a Dual entry bath. Just under the skylight is the indoor planter for those who love the outdoors. New roof to be installed prior to close of escrow!! Seller will pay 1st year HOA fees valuing over $3000.00!!

Last Agent to Sell the Property

Katherine Legault

Unknown Broker License #01438705 Listed on: 02/21/2018

Last Buyer's Agent

Jorawar Sandhu

The Dana Real Estate & Invest License #01913636

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 1,735 Sq Ft Lot
  • Zoning described as R-3

Parking

  • 2 Car Garage

Home Design

  • Wood Roof

Interior Spaces

  • 1,086 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

  • Beardsley Elementary And Middle School
  • Centennial High School

Community Details

  • Summerside Village Subdivision
  • Gated Community

Listing and Financial Details

  • Assessor Parcel Number 36416022

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type 2: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1981
  • Building Stories: 1
  • Solar Owned Leased: None
  • Property Sub Type: Condominium
  • Lot Size Acres: 0.0398
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement Bathrooms: 2.00
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Living Area: 1086.00

Exterior Features

  • Roof: Wood
  • Disclosures: CC&Rs, HOA Fees
  • Pool Features: None

Garage/Parking

  • Parking Features: 2 Car Garage

Utilities

  • Heatcool: Central AC,Central Heat

Association/Amenities

  • Site Amenities: Gated Community

Condo/Co-op/Association

  • Association Fee: 260.00

Schools

  • High School: Centennial
  • Middle Or Junior School: Beardsley

Lot Info

  • Zoning Description: R-3
  • Lot Size Sq Ft: 1735.00
  • Parcel #: 36416022

MLS Schools

  • Elementary School: Beardsley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
May 10, 2018
Sold by
Freedman Ralph H and Freedman Beatrice G
Bought by
Hyman Michael and Mickens Marie
Seller's Agent
Katherine Legault
Unknown Broker
Buyer's Agent
Jorawar Sandhu
The Dana Real Estate & Invest
List Price
$129,900
Sold Price
$125,000
Premium/Discount to List
-$4,900
-3.77%
Current Estimated Value
$218,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,231
Avg. Annual Appreciation
7.55%

Purchase Details

Closed on
Jan 26, 2005
Sold by
Freedman Ralph H and Freedman Beatrice G
Bought by
Freedman Ralph H and Freedman Beatrice G

Purchase Details

Closed on
Sep 16, 2003
Sold by
Herder Andrew M and Herder Kourtni K
Bought by
Freedman Ralph H and Freedman Beatrice G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 2002
Sold by
Edwards Michael J
Bought by
Herder Andrew M and Herder Kourtni K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,486
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 11, 2002
Sold by
Edwards Ernestine
Bought by
Edwards Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,486
Interest Rate
6.78%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 1998
Sold by
Edwards Patricia
Bought by
Edwards Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,993
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
May 22, 1998
Sold by
Edwards Ernestine
Bought by
Edwards Michael J and Edwards Ernestine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,993
Interest Rate
7.13%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 20, 1997
Sold by
Edwards Michael J
Bought by
Edwards Ernestine

Purchase Details

Closed on
Sep 27, 1996
Sold by
Hud
Bought by
Edwards Michael J and Edwards Ernestine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,599
Interest Rate
8.37%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 27, 1995
Sold by
Empire Of America Realty Credit Corp
Bought by
Hud
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
Hyman Michael $125,000 Chicago Title Co
Freedman Ralph H -- --
Freedman Ralph H $90,000 First American Title
Herder Andrew M $58,000 American Title Co
Edwards Michael J -- --
Edwards Michael J -- Fidelity National Title Co
Edwards Michael J $24,000 Fidelity National Title Co
Edwards Ernestine -- --
Edwards Michael J $49,500 American Title Co
Hud -- First American Title Ins Co
Empire Of America Realty Credit Corp $57,889 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Freedman Ralph H $81,000
Previous Owner Herder Andrew M $57,486
Previous Owner Edwards Michael J $47,993
Previous Owner Edwards Michael J $48,599
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2018 05/11/18 Sold $125,000 -3.8% $115 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
02/21/2018 02/21/18 For Sale $129,900 -- $120 / 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 $2,652 $142,223 $22,754 $119,469
2024 $2,585 $139,435 $22,308 $117,127
2023 $2,585 $136,702 $21,871 $114,831
2022 $2,438 $134,023 $21,443 $112,580
2021 $2,349 $131,396 $21,023 $110,373
2020 $2,272 $130,050 $20,808 $109,242
2019 $2,251 $130,050 $20,808 $109,242
2018 $2,009 $112,449 $31,233 $81,216
2017 $1,958 $110,245 $30,621 $79,624
2016 $1,440 $89,000 $15,000 $74,000
2015 $1,341 $84,000 $20,000 $64,000
2014 $1,009 $56,000 $10,000 $46,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Katherine Legault

    Unknown Broker

  • Jorawar Sandhu

    Buyer's Agent in 2018

    Jorawar Sandhu

    The Dana Real Estate & Invest

    (661) 496-1875

    14 Total Sales

    Jorawar Sandhu
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21802185

Bakersfield Association of REALTORS® / GEMLS

APN: 364-160-22-00-4

California Kern County Bakersfield 93308 Olive Drive Area

5551 Midsummer Dr Unit D, Bakersfield, CA

Not Listed for Sale

Detached

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