NOT LISTED FOR SALE

5701 Castlegate Ln Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $727,000 - $913,000

12 Beds
10 Baths
4,561 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: August 22, 2014

Last sale price $407,500 $89 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,395 / mo

28 Days on Market

About This Home

As of August 2014

Great investment opportunity 4-Plex located in a desirable NW gated community! All units are townhouse style with 3 bedrooms and 2.5 baths and 2 car garage. Each unit has its own laundry and private patio. Complex was built in 2000. Property to be sold as is.

Last Agent to Sell the Property

Carlos Padilla

Watson Realty License #01487576 Listed on: 06/25/2014

Co-Listed By

Pete Peralta

Miramar Realty License #1307225

Last Buyer's Agent

rommel givens

Watson Realty License #1122050

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2000

Lot Details

  • 8,526 Sq Ft Lot

Interior Spaces

  • 4,561 Sq Ft Home
  • 2-Story Property

Schools

  • Beardsley Elementary And Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 36417069

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $45,600
  • Net Operating Income $30,520

Property Details

Home Type

Multi-Family

Year Built

Built in 2000

Lot Details

8,526 Sq Ft Lot

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2000
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • Co List Office Mls Id: 6105
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 4561.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 8526.00
  • Parcel #: 36417069

Multi Family

  • Total Annual Expense: 12800.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 45600.00
  • Property Net Operating Income: 30520.00

MLS Schools

  • Elementary School: Beardsley

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2014
Closed on
Jul 21, 2014
Sold by
Bought by
Seller's Agent
Carlos Padilla
Watson Realty
Buyer's Agent
rommel givens
Watson Realty
List Price
$449,000
Sold Price
$407,500
Premium/Discount to List
-$41,500
-9.24%
Current Estimated Value
$838,231

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,731
Avg. Annual Appreciation
6.18%
Original Mortgage
$305,625
Outstanding Balance
$226,220
Interest Rate
4.12%
Mortgage Type
New Conventional
Estimated Equity
$612,011

Purchase Details

Closed on
Mar 20, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,625
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 26, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,625
Interest Rate
5.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 2008
Sold by
Bought by

Purchase Details

Closed on
Oct 26, 2006
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,750
Interest Rate
8.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$688,750
Interest Rate
8.72%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 11, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.77%
Mortgage Type
Seller Take Back
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Olive Drive Area, CA

  • Fred Sanchez Real Estate Agent - Century 21 Select Real Estate

    Fred Sanchez

    Century 21 Select Real Estate

    (661) 371-7224

    48 Total Sales

    1 in Olive Drive Area

    $395,500 Price

    Fred Sanchez
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  • Terri Garcia Real Estate Agent - New Generation Real Estate Gro

    Terri Garcia

    New Generation Real Estate Gro

    (661) 218-2187

    96 Total Sales

    1 in Olive Drive Area

    $436,500 Price

    Terri Garcia
     Section Image
  • Sherri Camargo Real Estate Agent - Majestic Palm Realty

    Sherri Camargo

    Majestic Palm Realty

    (661) 535-0262

    87 Total Sales

    1 in Olive Drive Area

    $425,000 Price

    Sherri Camargo
     Section Image
  • Jeff Bussman Real Estate Agent - Coldwell Banker Preferred,RLT

    Jeff Bussman

    Coldwell Banker Preferred,RLT

    (661) 404-7926

    69 Total Sales

    2 in Olive Drive Area

    $380K - $475K Price Range

    Jeff Bussman
     Section Image
  • Eduardo Farfan Real Estate Agent - The Mora Partners Inc.

    Eduardo Farfan

    The Mora Partners Inc.

    (661) 426-8247

    58 Total Sales

    2 in Olive Drive Area

    $435K - $540K Price Range

    Eduardo Farfan
     Section Image
  • Greg Holland Real Estate Agent - Coldwell Banker Preferred Realtors

    Greg Holland

    Coldwell Banker Preferred Realtors

    (661) 218-2406

    204 Total Sales

    5 in Olive Drive Area

    $375K - $522K Price Range

    Greg Holland
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$407,500 Placer Title
-- Lsi Title Co Ca
$367,500 Lsi Title Co Ca
$660,000 Accommodation
-- None Available
-- Fidelity National Title Co
$725,000 Fidelity National Title Co
$549,000 Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $305,625
Previous Owner $260,410
Previous Owner $275,625
Previous Owner $688,750
Previous Owner $688,750
Previous Owner $356,850
Previous Owner $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $407,500 -9.2% $89 / Sq Ft
07/23/2014 07/23/14 Pending -- -- --
06/25/2014 06/25/14 For Sale $449,000 -- $98 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $9,558 $500,152 $61,290 $438,862
2025 $9,558 $490,346 $60,089 $430,257
2024 $9,261 $480,732 $58,911 $421,821
2023 $9,017 $471,306 $57,756 $413,550
2022 $8,570 $462,066 $56,624 $405,442
2021 $8,222 $453,007 $55,514 $397,493
2020 $7,930 $448,363 $54,945 $393,418
2019 $7,859 $448,363 $54,945 $393,418
2018 $7,601 $430,954 $52,812 $378,142
2017 $7,465 $422,505 $51,777 $370,728
2016 $7,081 $414,221 $50,762 $363,459
2015 $6,882 $408,000 $50,000 $358,000
2014 $5,721 $312,000 $93,600 $218,400
Source: Public Records

Agents Affiliated with this Home

  • Carlos Padilla Real Estate Agent - Watson Realty

    Seller's Agent in 2014

    Carlos Padilla

    Watson Realty

    (661) 859-5762

    4 in this area

    167 Total Sales

    Carlos Padilla
    Section Image
  • Pete Peralta Real Estate Agent - Miramar Realty

    Seller Co-Listing Agent in 2014

    Pete Peralta

    Miramar Realty

    (661) 805-1053

    2 in this area

    113 Total Sales

    Pete Peralta
    Section Image

  • r

    Buyer's Agent in 2014

    rommel givens

    Watson Realty

    1 in this area

    7 Total Sales

    rommel givens
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21406780

Bakersfield Association of REALTORS® / GEMLS

APN: 364-170-69-00-4

California Kern County Bakersfield 93308 Olive Drive Area

5701 Castlegate Ln, 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.
Copyright Golden Empire MLS, Inc. 2026.

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