NOT LISTED FOR SALE

Estimated Value: $701,000 - $854,000

8 Beds
1 Bath
3,617 Sq Ft
$213/Sq Ft Est. Value

Last Sold February 24, 2017

Last sale price $410,000 $113 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,999/month

21 Days on Market

About This Home

As of February 2017

Clean fourplex in great SW location. Just off Panama Lane and across from Costco. Comprised of (3) 2-bedroom/1-bath units and (1) 2-bedroom/2-bath unit. Each unit has a private patio and laundry.

Last Agent to Sell the Property

Carlos Padilla

Watson Realty License #01487576 Listed on: 02/03/2017

Last Buyer's Agent

Carlos Padilla

Watson Realty License #01487576 Listed on: 02/03/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,976

Year Built

  • Built in 1979

Lot Details

  • 0.28

Interior Spaces

  • 3,617 Sq Ft Home
  • 1-Story Property

Parking

  • Carport
  • 4 Car Parking Spaces

Schools

  • Berkshire Elementary School
  • Thompson Middle School
  • Ridgeview High School

Additional Features

  • 0.28 Acre Lot
  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 37116217

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $11,385
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,976

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1979
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 3617.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Carport

Utilities

  • Heatcool: Central AC

Schools

  • High School: Ridgeview
  • Middle Or Junior School: Thompson, F. L.

Lot Info

  • Lot Size Sq Ft: 12000.00
  • Parcel #: 37116217

Multi Family

  • Total Annual Expense: 1.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 4
  • Annual Gross Income: 11385.00
  • Property Net Operating Income: 1.00

MLS Schools

  • Elementary School: Berkshire

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2017
Closed on
Feb 13, 2017
Sold by
Brooks John W and Brooks Elke I
Bought by
Khalsa Brothers Inc
Seller's Agent
Carlos Padilla
Watson Realty
Buyer's Agent
Carlos Padilla
Watson Realty
List Price
$420,000
Sold Price
$410,000
Premium/Discount to List
-$10,000
-2.38%
Total Days on Market
21
Current Estimated Value
$772,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,031
Avg. Annual Appreciation
7.90%

Purchase Details

Listed on
Jul 6, 2012
Closed on
Sep 4, 2012
Sold by
Brooks John W and Brooks Elke
Bought by
The John & Elke Brooks Trust
Seller's Agent
Sam Abed
Executive, REALTORS®
Buyer's Agent
Gary Byrd
Unknown Broker
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.85%
Original Mortgage
$194,925
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 6, 2012
Closed on
Jul 27, 2012
Sold by
Abed Carema
Bought by
Brooks John W and Brooks Elke
Seller's Agent
Sam Abed
Executive, REALTORS®
Buyer's Agent
Gary Byrd
Unknown Broker
List Price
$259,900
Sold Price
$260,000
Premium/Discount to List
$100
0.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,925
Interest Rate
3.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2009
Sold by
Abduls Properties Llc
Bought by
Abed Carema

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,471
Interest Rate
4.77%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 24, 2009
Sold by
The Bank Of New York Mellon
Bought by
Abduls Properties Llc

Purchase Details

Closed on
Nov 19, 2008
Sold by
Razo Jesus
Bought by
The Bank Of New York Mellon and Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Sep 28, 2005
Sold by
Razo Maria Ramirez
Bought by
Razo Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2005
Sold by
Kreutzer Delores Louise
Bought by
Razo Jesus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage
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
Khalsa Brothers Inc $410,000 Chicago Title Company
The John & Elke Brooks Trust -- Ticor Title
Brooks John W $260,000 Ticor Title Company Of Ca
Abed Carema $250,000 First American Title Company
Abduls Properties Llc $220,000 Lawyers Title Company
The Bank Of New York Mellon $222,000 Accommodation
Razo Jesus -- Chicago Title
Razo Jesus $500,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brooks John W $194,925
Previous Owner Abed Carema $245,471
Previous Owner Razo Jesus $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2017 02/24/17 Sold $410,000 -2.4% $113 / Sq Ft
02/03/2017 02/03/17 For Sale $420,000 +61.5% $116 / Sq Ft
09/24/2012 09/24/12 Sold $260,000 0.0% $72 / Sq Ft
08/25/2012 08/25/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $259,900 -- $72 / 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 $7,976 $466,505 $85,335 $381,170
2023 $7,976 $457,359 $83,662 $373,697
2022 $7,642 $448,392 $82,022 $366,370
2021 $7,240 $439,601 $80,414 $359,187
2020 $7,086 $435,094 $79,590 $355,504
2019 $6,992 $435,094 $79,590 $355,504
2018 $6,704 $418,200 $76,500 $341,700
2017 $5,009 $275,867 $53,051 $222,816
2016 $4,746 $270,459 $52,011 $218,448
2015 $4,693 $266,397 $51,230 $215,167
2014 $4,576 $261,180 $50,227 $210,953
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21701305

Bakersfield Association of REALTORS® / GEMLS

APN: 371-162-17-00-6