NOT LISTED FOR SALE

616 5th St Taft, CA 93268

Estimated Value: $144,000 - $208,000

4 Beds
2 Baths
1,232 Sq Ft
$149/Sq Ft Est. Value

Last Sold April 02, 2019

Last sale price $84,500 $69 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $1,176/month

6 Days on Market

About This Home

As of April 2019

Fantastic opportunity for investors only. Tenant occupied property with lease term in place, immediate income. Room for rent increase after lease expiration. Property has interior updates and is in good condition. Add this one to your portfolio! Seller is selling several properties and will look at bulk price offer. Buyer to verify all information, including schools and property information.

Last Agent to Sell the Property

Terri Harmon

Unknown Broker License #01876125 Listed on: 02/25/2019

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,576

Year Built

  • Built in 1940

Lot Details

  • 1,581 Sq Ft Lot

Parking

  • Uncovered Parking

Home Design

  • Duplex

Interior Spaces

  • 1,232 Sq Ft Home
  • 1-Story Property

Schools

  • Taft Elementary School
  • Lincoln Middle School
  • Taft High School

Listing and Financial Details

  • Assessor Parcel Number 03133004

Community Details

Overview

  • 2 Units
  • Southern Pacific Land Cos Subdivision

Building Details

  • Gross Income $11,400
  • Net Operating Income $7,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,576

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1940
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1232.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Uncovered

Utilities

  • Heatcool: Other

Schools

  • High School: Taft
  • Middle Or Junior School: Lincoln

Lot Info

  • Lot Size Sq Ft: 1581.00
  • Parcel #: 03133004

Multi Family

  • Total Annual Expense: 4013.99
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 11400.00
  • Property Net Operating Income: 7386.01

MLS Schools

  • Elementary School: Taft

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2019
Closed on
Mar 28, 2019
Sold by
Newton Todd Andrew
Bought by
Newton Brittany Ann
Seller's Agent
Terri Harmon
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$84,500
Sold Price
$84,500
Current Estimated Value
$183,184

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,684
Avg. Annual Appreciation
12.48%
Original Mortgage
$67,600
Outstanding Balance
$59,311
Interest Rate
4.3%
Estimated Equity
$123,873

Purchase Details

Listed on
Feb 25, 2019
Closed on
Mar 13, 2019
Sold by
Global Service Group Llc
Bought by
Newton Brittany Ann
Seller's Agent
Terri Harmon
Unknown Broker
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$84,500
Sold Price
$84,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,600
Outstanding Balance
$59,311
Interest Rate
4.3%
Estimated Equity
$123,873

Purchase Details

Closed on
Feb 20, 2012
Sold by
Priority Sfr Llc

Purchase Details

Closed on
Oct 22, 2010
Sold by
Golden One Investment Llc
Bought by
Priority Sfr Lending Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Efg Mortgage Acquisition Llc
Bought by
Golden One Investment Llc

Purchase Details

Closed on
Jun 16, 2009
Sold by
Jr Investment Properties Inc
Bought by
Efg Mortgage Acquisition Llc

Purchase Details

Closed on
Jul 16, 2008
Sold by
Jr Investment Properties Inc
Bought by
Valley Capital Investment Inc

Purchase Details

Closed on
Jan 4, 2005
Sold by
Burtis Dana Samuel and The Burtis Living Trust
Bought by
Jr Investment Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2005
Sold by
Burtis Dana Samuel
Bought by
Burtis Dana Samuel and The Burtis Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,000
Interest Rate
5.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 1997
Sold by
Doty Sandra Kay and Burtis Sandra Kay
Bought by
Burtis Dana Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$28,000
Interest Rate
7.91%
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
Newton Brittany Ann -- Ticor Title Company
Newton Brittany Ann $84,500 Ticor Title Company
-- $48,000 Lawyers Title Company
Priority Sfr Lending Llc $21,111 Stewart Title Of California
Golden One Investment Llc $21,500 Stewart Title Of California
Efg Mortgage Acquisition Llc $85,000 None Available
Valley Capital Investment Inc -- Accommodation
Jr Investment Properties Inc $60,000 First American Title
Burtis Dana Samuel -- First American Title
Burtis Dana Samuel -- First American Title
Burtis Dana Samuel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newton Brittany Ann $67,600
Previous Owner Jr Investment Properties Inc $116,000
Previous Owner Burtis Dana Samuel $28,000
Closed Golden One Investment Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2019 04/02/19 Sold $84,500 0.0% $69 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $84,500 -- $69 / 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 $2,576 $94,815 $16,731 $78,084
2024 $2,384 $92,956 $16,403 $76,553
2023 $2,384 $91,134 $16,082 $75,052
2022 $2,240 $89,348 $15,767 $73,581
2021 $2,062 $87,597 $15,458 $72,139
2020 $1,825 $86,700 $15,300 $71,400
2019 $1,460 $56,269 $13,778 $42,491
2018 $1,444 $54,086 $13,244 $40,842
2017 $1,419 $53,027 $12,985 $40,042
2016 $1,422 $51,988 $12,731 $39,257
2015 $1,324 $51,208 $12,540 $38,668
2014 $1,250 $50,206 $12,295 $37,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21902326

Bakersfield Association of REALTORS® / GEMLS

APN: 031-330-04-00-4