NOT LISTED FOR SALE

5721 Castlegate Ln Bakersfield, CA 93308

Olive Drive Area Neighborhood

Estimated Value: $499,131 - $537,000

6 Beds
5 Baths
2,782 Sq Ft
$187/Sq Ft Est. Value

Last Sold March 20, 2024

Last sale price $475,000 $171 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,274/month

25 Days on Market

About This Home

As of March 2024

Super nice 3 bedroom, 2.5 bath units with attached garage, laundry hookups, and small patio and backyard. Excellent layout offering spacious rooms, and generous storage everywhere. Perfect for FHA owner occupied buyer, to live in one and rent the other - great way to get your foot in the home owner ship door!!

Last Agent to Sell the Property

Terri Collins

Watson Realty License #613837 Listed on: 02/09/2024

Co-Listed By

Clint Bottoms

Watson Realty License #02142515

Last Buyer's Agent

Alex Daredia

Watson Realty License #02035436

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2003

Lot Details

  • 6,969

Parking

  • 4 Car Garage

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 2,782 Sq Ft Home
  • 2-Story Property

Schools

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

Additional Features

  • 6,969 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 36417065

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $36,900
  • Net Operating Income $28,900

Property Details

Home Type

Multi-Family

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2003
  • Building Stories: 2
  • Deposit Amount Required: 5000.00
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.1600
  • Co List Office Mls Id: 6105
  • Special Features: None
  • Stories: 2

Interior Features

  • Living Area: 2782.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Number Of Garages: 4
  • Parking Features: Garage

Utilities

  • Heatcool: Central AC, Central Heat

Schools

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

Lot Info

  • Zoning Description: Duplex
  • Lot Size Sq Ft: 6969.00
  • Parcel #: 36417065

Multi Family

  • Total Annual Expense: 8000.00
  • Vacancy Factor: 10.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Annual Gross Income: 36900.00
  • Property Net Operating Income: 28900.00

MLS Schools

  • Elementary School: San Lauren

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2024
Sold by
Marquez Jeffrey and Marquez Neale
Bought by
Jenel Properties Llc
Current Estimated Value
$520,533

Purchase Details

Listed on
Feb 9, 2024
Closed on
Mar 11, 2024
Sold by
Melshirl Llc
Bought by
Marquez Jeffrey and Marquez Neale
Seller's Agent
Terri Collins
Watson Realty
Buyer's Agent
Alex Daredia
Watson Realty
List Price
$450,000
Sold Price
$475,000
Premium/Discount to List
$25,000
5.56%
Views
99

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$356,250
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 28, 2011
Sold by
Stein Shirley N and The Melvin J Stein & Shirley N
Bought by
Melshirl Llc

Purchase Details

Closed on
Jul 12, 2005
Sold by
Shah Darshan R
Bought by
Stein Melvin J

Purchase Details

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

Purchase Details

Closed on
Jun 21, 2002
Sold by
Young Pauline and The Young Family Trust B
Bought by
Sanchez Carlos
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
Jenel Properties Llc -- Ticor Title Company
Marquez Jeffrey $475,000 Ticor Title
Melshirl Llc -- None Available
Stein Melvin J $430,000 Stewart Title
Schimnowski Donald Jay -- --
Sanchez Carlos $130,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Marquez Jeffrey $356,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2024 03/20/24 Sold $475,000 -1.0% $171 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/14/2024 02/14/24 Price Changed $480,000 +6.7% $173 / Sq Ft
02/08/2024 02/08/24 For Sale $450,000 -- $162 / 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 $6,658 $475,000 $95,000 $380,000
2024 $6,604 $406,000 $50,000 $356,000
2023 $6,604 $406,000 $50,000 $356,000
2022 $6,019 $370,000 $30,000 $340,000
2021 $5,565 $340,000 $40,000 $300,000
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

  • Terri Collins

    Seller's Agent in 2024

    Terri Collins

    Watson Realty

    (661) 332-2230

    4 in this area

    351 Total Sales

    Terri Collins
    Section Image
  • Clint Bottoms

    Seller Co-Listing Agent in 2024

    Clint Bottoms

    Watson Realty

    (661) 808-8152

    2 in this area

    83 Total Sales

    Clint Bottoms
    Section Image
  • Alex Daredia

    Buyer's Agent in 2024

    Alex Daredia

    Watson Realty

    (661) 903-3183

    4 in this area

    234 Total Sales

    Alex Daredia
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202401229

Bakersfield Association of REALTORS® / GEMLS

APN: 364-170-65-00-2

California Kern County Bakersfield 93308 Olive Drive Area

5721 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.
Copyright Golden Empire MLS, Inc. 2025.

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