NOT LISTED FOR SALE

5709 Castlegate Ln Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $429,000 - $537,000

6 Beds
5 Baths
-- Sq Ft
6,969 Sq Ft Lot

Last Sold September 24, 2019

Last sale price $340,000

Est. 49% increase in value since last sale

Current estimated payment $3,174/month

27 Days on Market

About This Home

As of September 2019

Spacious duplex built in 2003 with 3 bedrooms, 2.5 bathrooms, large kitchen, 2-car garage, covered patio and small back yard for each. Located in quiet Olive Drive neighborhood near Norris and Mohawk. The entire complex is gated for added security. These units are very popular and stay consistently rented. These duplexes do not come up for sale often. This is a great investment opportunity.

Last Agent to Sell the Property

Sheeza Gordon

Watson Realty License #01462106 Listed on: 07/29/2019

Last Buyer's Agent

Sheeza Gordon

Watson Realty License #01462106 Listed on: 07/29/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 6,969

Home Design

  • Duplex

Schools

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

Additional Features

  • 2-Story Property
  • 6,969 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 36417067

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $27,600
  • Net Operating Income $17,581

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2003
  • Building Stories: 2
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 2

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 #: 36417067

Multi Family

  • Total Annual Expense: 10018.73
  • Vacancy Factor: 3.00
  • Number Of Units Total: 2
  • Annual Gross Income: 27600.00
  • Property Net Operating Income: 17581.27

MLS Schools

  • Elementary School: San Lauren

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2019
Closed on
Aug 26, 2019
Sold by
Gamez Gabriel S and Rivas Roberto
Bought by
Agard Stephen
Seller's Agent
Sheeza Gordon
Watson Realty
Buyer's Agent
Sheeza Gordon
Watson Realty
List Price
$360,000
Sold Price
$340,000
Premium/Discount to List
-$20,000
-5.56%
Current Estimated Value
$507,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,561
Avg. Annual Appreciation
5.63%
Original Mortgage
$289,000
Outstanding Balance
$253,142
Interest Rate
3.6%
Estimated Equity
$225,513

Purchase Details

Closed on
Jan 21, 2005
Sold by
Gamez Josie
Bought by
Gamez Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2005
Sold by
Hoffman Diana
Bought by
Hoffman Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2004
Sold by
Sanchez Carlos and Sanchez Juana Patricia
Bought by
Gamez Gabriel S and Hoffman Andrew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 15, 2003
Sold by
Schimnowski Donald Jay and Schimnowski Carolyn Sue
Bought by
Schimnowski Donald Jay and Schimnowski Carolyn Sue

Purchase Details

Closed on
Jun 21, 2002
Sold by
Young Pauline and The Young Family Trust B
Bought by
Sanchez Carlos and Sanchez Juana Patricia
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
Agard Stephen $340,000 Stewart Title
Gamez Gabriel -- Ticor Title
Hoffman Andrew -- Ticor Title
Rivas Roberto -- Ticor Title
Gamez Gabriel S $350,000 Ticor Title
Schimnowski Donald Jay -- --
Sanchez Carlos $130,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Agard Stephen $289,000
Previous Owner Gamez Gabriel S $262,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2019 09/24/19 Sold $340,000 -5.6% --
08/25/2019 08/25/19 Pending -- -- --
07/29/2019 07/29/19 For Sale $360,000 -- --
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 $6,169 $371,836 $43,743 $328,093
2024 $6,026 $364,546 $42,886 $321,660
2023 $6,026 $357,399 $42,046 $315,353
2022 $5,784 $350,392 $41,222 $309,170
2021 $5,608 $343,522 $40,414 $303,108
2020 $5,439 $340,000 $40,000 $300,000
2019 $4,488 $260,000 $40,000 $220,000
2018 $4,589 $275,000 $40,000 $235,000
2017 $4,538 $272,000 $40,000 $232,000
2016 $4,238 $262,000 $50,000 $212,000
2015 $4,154 $262,000 $65,500 $196,500
2014 $3,351 $195,000 $48,750 $146,250
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Sheeza Gordon

    Watson Realty

See All Agents

Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21909007

Bakersfield Association of REALTORS® / GEMLS

APN: 364-170-67-00-8

California Kern County Bakersfield 93308 Olive Drive Area

5709 Castlegate Ln, Bakersfield, CA

Not Listed for Sale

MultiFamily

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