NOT LISTED FOR SALE

5703 Castlegate Ln Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $756,982 - $873,000

12 Beds
12 Baths
4,561 Sq Ft
$177/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $630,000 $138 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,418/month

24 Days on Market

About This Home

As of October 2021

Opportunity is Knocking on Castlegate Lane This is a great investment opportunity for 4 units in a quiet neighborhood. All 4 units are 3 bedroom, 2 1/2 baths with approx. 1150 sq/ft of living space. Each unit has a spacious 2 car garage with a separate storage area. All units have forced air heat and cooling, outdoor patio off of the dining area and indoor utilities. One unit is currently vacant for showing. Call today for an appointment to view the Great opportunity.

Last Agent to Sell the Property

rommel givens

Watson Realty License #1122050 Listed on: 09/21/2021

Last Buyer's Agent

Philip Jordan

Keller Williams Realty License #00966411

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,325

Year Built

  • Built in 2000

Lot Details

  • 6,969 Sq Ft Lot

Interior Spaces

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

Schools

  • Beardsley Elementary And Middle School
  • Centennial High School

Listing and Financial Details

  • Assessor Parcel Number 36417068

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $44,340
  • Net Operating Income $44,340

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,325

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2000
  • Building Stories: 2
  • Property Sub Type: 4 Units
  • 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: Centennial
  • Middle Or Junior School: Beardsley

Lot Info

  • Lot Size Sq Ft: 6969.00
  • Parcel #: 36417068

Multi Family

  • Total Annual Expense: 14460.00
  • Vacancy Factor: 25.00
  • Number Of Units Total: 4
  • Annual Gross Income: 44340.00
  • Property Net Operating Income: 44340.00

MLS Schools

  • Elementary School: Beardsley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2022
Sold by
Mora Javier F and Mora Rosa M
Bought by
Mora Javier F and Mora Rosa
Current Estimated Value
$807,746

Purchase Details

Listed on
Sep 21, 2021
Closed on
Oct 5, 2021
Sold by
Teraoka Keith
Bought by
Mora Javier F and Mora Rosa M
Seller's Agent
rommel givens
Watson Realty
Buyer's Agent
Philip Jordan
Keller Williams Realty
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%

Purchase Details

Closed on
Jan 17, 2012
Sold by
Knoeb David C
Bought by
Teraoka Keith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$234,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 31, 2011
Sold by
Yonan Sharil
Bought by
Knoeb David C

Purchase Details

Closed on
Mar 11, 2005
Sold by
Nunn Brian and Estate Of Michael A Nunn
Bought by
Yonan Sharil

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,000
Interest Rate
5.77%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Mora Javier F -- None Listed On Document
Mora Javier F $630,000 Placer Title Company
Teraoka Keith $312,000 Chicago Title Company
Knoeb David C -- Chicago Title Company
Knoeb David C $225,000 None Available
Yonan Sharil $549,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Teraoka Keith $234,000
Previous Owner Yonan Sharil $420,900
Previous Owner Yonan Sharil $417,000
Previous Owner Yonan Sharil $404,200
Previous Owner Yonan Sharil $384,300
Previous Owner Yonan Sharil $197,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $630,000 -2.9% $138 / Sq Ft
09/21/2021 09/21/21 For Sale $649,000 -- $142 / 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
2024 $11,325 $655,452 $156,060 $499,392
2023 $11,054 $642,600 $153,000 $489,600
2022 $10,585 $630,000 $150,000 $480,000
2021 $7,109 $362,038 $46,411 $315,627
2020 $6,833 $358,327 $45,936 $312,391
2019 $6,771 $358,327 $45,936 $312,391
2018 $6,543 $344,414 $44,153 $300,261
2017 $6,420 $337,662 $43,288 $294,374
2016 $6,108 $331,042 $42,440 $288,602
2015 $5,942 $326,070 $41,803 $284,267
2014 $5,809 $319,684 $40,985 $278,699
Source: Public Records

Agents Affiliated with this Home

  • r

    Seller's Agent in 2021

    rommel givens

    Watson Realty

    1 in this area

    12 Total Sales

    rommel givens
    Section Image
  • Philip Jordan

    Buyer's Agent in 2021

    Philip Jordan

    Keller Williams Realty

    (661) 553-5767

    1 in this area

    134 Total Sales

    Philip Jordan
    Section Image
See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202110306

Bakersfield Association of REALTORS® / GEMLS

APN: 364-170-68-00-1

California Kern County Bakersfield 93308 Olive Drive Area

5703 Castlegate Ln, Bakersfield, CA

This home is located at 5703 Castlegate Ln, Bakersfield, CA 93308 since 21 September 2021 and is currently estimated at $807,746, approximately $177 per square foot. This property was built in 2000. 5703 Castlegate Ln 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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