NOT LISTED FOR SALE

5551 Midsummer Dr Unit E Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $213,000 - $231,000

2 Beds
2.5 Baths
1,122 Sq Ft
$300/mo HOA Fee

Last Sold October 20, 2022

Last sale price $190,000 $169 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,768/month

13 Days on Market

About This Home

As of October 2022

Charming condominium in the Olive Drive area. Open the door and step into the formal living space with vaulted ceilings which flows nicely into the spacious kitchen. Make a drink for your friends at the built-in wet bar. The kitchen has ample cabinetry, a tile backsplash and includes the range, dishwasher and the refrigerator! Walk up the stairs with solid wood banister railing and enjoy the beautiful second story view through the floor to ceiling windows at the landing. Make your way down the hall to the sizable primary bedroom with a walk-in closet and an attached bathroom which features a dual sink vanity. Open your sliding glass door in your bedroom and enjoy a cup of coffee from the second story balcony. At the end of the day, step out to your walled patio space attached to the living room, a perfect place for your grill/smoker and patio set. Did I mention the newer AC unit! This is one you'll have to see for yourself. Call today!

Last Agent to Sell the Property

Richard Anthes

Coldwell Banker Preferred,RLT License #02165085 Listed on: 09/06/2022

Coldwell Banker Preferred,RLT

Last Buyer's Agent

Pete Peralta

Miramar International-Riverwal License #1307225

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,294

Year Built

  • Built in 1980

Lot Details

  • 1,307

HOA Fees

  • $300 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,122 Sq Ft Home
  • 2-Story Property
  • 1 Fireplace

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Schools

  • San Lauren Elementary School
  • Beardsley Middle School
  • North High School

Utilities

  • Central Air

Community Details

  • Summerside Village HOA

Listing and Financial Details

  • Assessor Parcel Number 36416023

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,294

Year Built

Built in 1980

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Prop. Type: Residential
  • Year Built: 1980
  • Building Stories: 2
  • Solar Owned Leased: None
  • H O A Fee1 Frequency: Monthly
  • Property Sub Type: Condominium
  • Lot Size Acres: 0.0300
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement Bathrooms: 2.50
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Living Area: 1122.00

Exterior Features

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

Garage/Parking

  • Parking Features: 2 Car Garage

Utilities

  • Heatcool: Central AC

Condo/Co-op/Association

  • Association Fee: 300.00
  • Association Name: Summerside Village HOA

Schools

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

Lot Info

  • Zoning Description: Condo/PUD
  • Lot Size Sq Ft: 1306.00
  • Parcel #: 36416023

MLS Schools

  • Elementary School: San Lauren

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Sep 15, 2022
Sold by
Rheta J Carter Trust
Bought by
Hassman Matthew
Seller's Agent
Richard Anthes
Coldwell Banker Preferred,RLT
Buyer's Agent
Pete Peralta
Miramar International-Riverwal
List Price
$194,900
Sold Price
$190,000
Premium/Discount to List
-$4,900
-2.51%
Current Estimated Value
$220,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,709
Avg. Annual Appreciation
5.36%
Original Mortgage
$183,658
Outstanding Balance
$176,768
Interest Rate
5.89%
Mortgage Type
FHA
Estimated Equity
$43,941

Purchase Details

Closed on
May 14, 2014
Sold by
Carter Rheta J
Bought by
Carter Rheta J and Rheta J Carter 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
Hassman Matthew $190,000 Ticor Title
Carter Rheta J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hassman Matthew $54,640
Open Hassman Matthew $183,658
Closed Hassman Matthew $19,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2022 10/20/22 Sold $190,000 -2.5% $169 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
09/06/2022 09/06/22 For Sale $194,900 -- $174 / 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 $3,294 $197,676 $31,212 $166,464
2024 $3,294 $193,800 $30,600 $163,200
2023 $3,219 $190,000 $30,000 $160,000
2022 $2,045 $101,289 $18,746 $82,543
2021 $1,956 $99,304 $18,379 $80,925
2020 $1,956 $98,287 $18,191 $80,096
2019 $1,867 $98,287 $18,191 $80,096
2018 $1,789 $94,473 $17,486 $76,987
2017 $1,741 $92,622 $17,144 $75,478
2016 $1,440 $89,000 $15,000 $74,000
2015 $1,341 $84,000 $20,000 $64,000
2014 $1,055 $60,000 $10,000 $50,000
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Richard Anthes

    Coldwell Banker Preferred,RLT

    1 in this area

    11 Total Sales

    Richard Anthes
    Section Image
  • Pete Peralta

    Buyer's Agent in 2022

    Pete Peralta

    Miramar International-Riverwal

    (661) 805-1053

    3 in this area

    163 Total Sales

    Pete Peralta
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202210000

Bakersfield Association of REALTORS® / GEMLS

APN: 364-160-23-00-7

California Kern County Bakersfield 93308 Olive Drive Area

5551 Midsummer Dr Unit E, Bakersfield, CA

This home is located at 5551 Midsummer Dr Unit E, Bakersfield, CA 93308 since 06 September 2022 and is currently estimated at $220,709, approximately $196 per square foot. This property was built in 1980. 5551 Midsummer Dr Unit E is a home located in Kern County with nearby schools including San Lauren Elementary School, Beardsley Junior High School, and North High School.

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.
Copyright Golden Empire MLS, Inc. 2025.

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