NOT LISTED FOR SALE

Estimated Value: $675,000 - $838,000

8 Beds
1 Bath
3,617 Sq Ft
$208/Sq Ft Est. Value

Last Sold September 13, 2017

Last sale price $400,000 $111 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $4,860/month

40 Days on Market

About This Home

As of September 2017

Investors, here is your chance to own another nice income property in Bakersfield's Southwest area. It is close to shopping and other amenities on Panama Rd. This complex has 4 units, 1 unit with 2/1.75, 3 units with 2 bedrooms and 1 bath. It has covered parking for each unit, along with uncovered parking in front and back. There is room for enjoying the front and backyards. Come drive by and see if this is your next investment.

Last Agent to Sell the Property

Kristi Barnhard

Miramar International Calloway License #01871651 Listed on: 07/05/2017

Last Buyer's Agent

Sanjeev Advani

Sanjeev Advani, Broker License #01869863

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,749

Year Built

  • Built in 1979

Lot Details

  • 0.28 Acre Lot

Interior Spaces

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

Parking

  • Carport
  • 4 Car Parking Spaces
  • Uncovered Parking

Schools

  • Loudon Elementary School
  • Thompson Middle School
  • Ridgeview High School

Listing and Financial Details

  • Assessor Parcel Number 37118322

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $39,300
  • Net Operating Income $24,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,749

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, Uncovered

Utilities

  • Heatcool: Central AC,Central Heat

Schools

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

Lot Info

  • Lot Size Sq Ft: 12000.00
  • Parcel #: 37118322

Multi Family

  • Total Annual Expense: 13504.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Annual Gross Income: 39300.00
  • Property Net Operating Income: 24599.00

MLS Schools

  • Elementary School: Loudon, Roy W.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2017
Closed on
Jul 31, 2017
Sold by
Jewish Community Foundation Of The Jewis
Bought by
Samuel Mathew Rajesh John and Samuel Edward Aleena
Seller's Agent
Kristi Barnhard
Miramar International Calloway
Buyer's Agent
Sanjeev Advani
Sanjeev Advani, Broker
List Price
$410,000
Sold Price
$400,000
Premium/Discount to List
-$10,000
-2.44%
Total Days on Market
40
Current Estimated Value
$750,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,703
Avg. Annual Appreciation
8.41%
Original Mortgage
$300,000
Outstanding Balance
$253,100
Interest Rate
3.93%
Mortgage Type
New Conventional
Estimated Equity
$493,782

Purchase Details

Closed on
Dec 23, 2016
Sold by
Pacific West Management
Bought by
Jewish Community Foundation Of The Jewis

Purchase Details

Listed on
Nov 20, 2013
Closed on
Dec 5, 2013
Sold by
Cordle James H
Bought by
Latham Ridge Llc
Seller's Agent
Gary Belter
Coldwell Banker Preferred,RLT
Buyer's Agent
Gary Belter
Coldwell Banker Preferred,RLT
List Price
$275,000
Sold Price
$285,000
Premium/Discount to List
$10,000
3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
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
Samuel Mathew Rajesh John $400,000 Placer Title Company
Jewish Community Foundation Of The Jewis -- Accommodation
Latham Ridge Llc $285,000 Ticor Title Company Of Ca
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Samuel Mathew Rajesh John $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2017 09/13/17 Sold $400,000 -2.4% $111 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
07/05/2017 07/05/17 For Sale $410,000 +43.9% $113 / Sq Ft
12/26/2013 12/26/13 Sold $285,000 +3.6% $79 / Sq Ft
11/26/2013 11/26/13 Pending -- -- --
11/20/2013 11/20/13 For Sale $275,000 -- $76 / 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 $7,749 $446,204 $83,662 $362,542
2023 $7,749 $437,456 $82,022 $355,434
2022 $7,424 $428,879 $80,414 $348,465
2021 $7,024 $420,471 $78,838 $341,633
2020 $6,856 $416,160 $78,030 $338,130
2019 $6,765 $416,160 $78,030 $338,130
2018 $6,488 $400,000 $75,000 $325,000
2017 $6,249 $380,000 $50,000 $330,000
2016 $5,003 $293,407 $40,610 $252,797
2015 $4,949 $289,000 $40,000 $249,000
2014 $4,845 $285,000 $40,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21707668

Bakersfield Association of REALTORS® / GEMLS

APN: 371-183-22-00-3