NOT LISTED FOR SALE

661 Blue Mountain Way Bakersfield, CA 93308

Meadow View Neighborhood

Estimated Value: $870,000 - $1,012,000

8 Beds
4 Baths
4,431 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $532,500 $120 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $6,011/month

50 Days on Market

About This Home

As of September 2016

Fourplex in the North Meadows community. (2) 3 bedroom/ 2 bath & (2) 2 bedroom/2 bath units. Kitchen nook with pass through to living room. In addition each unit has a patio, 2 car garages and washer/dryer hookups.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 06/21/2016

Last Buyer's Agent

Marc Thurston

ASU Commercial License #1099353 Listed on: 06/21/2016

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2006

Lot Details

  • 0.31 Acre Lot

Parking

  • 4 Car Garage

Interior Spaces

  • 4,431 Sq Ft Home
  • 1-Story Property

Listing and Financial Details

  • Assessor Parcel Number 49147119

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $48,300
  • Net Operating Income $30,285

Property Details

Home Type

Multi-Family

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 2006
  • Building Stories: 1
  • Property Sub Type: 4 Units
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4431.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Garage, Other
  • Garages: 4

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 13650.00
  • Parcel #: 49147119

Multi Family

  • Total Annual Expense: 15600.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 4
  • Annual Gross Income: 48300.00
  • Property Net Operating Income: 30285.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2016
Closed on
Aug 3, 2016
Sold by
Tang Francis W and Tang Emily Y
Bought by
Butros Rima and Della Kamal M
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Marc Thurston
ASU Commercial
List Price
$549,900
Sold Price
$532,500
Premium/Discount to List
-$17,400
-3.16%
Current Estimated Value
$973,296

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$440,796
Avg. Annual Appreciation
6.65%
Original Mortgage
$312,000
Outstanding Balance
$248,940
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$724,356

Purchase Details

Closed on
Dec 15, 2013
Sold by
Pitcher Charles Dean and Chen Jing
Bought by
Pitcher Family Revocable Trust

Purchase Details

Closed on
May 13, 2006
Sold by
Tang Francis W and Tang Emily Y
Bought by
Tang Francis W and Tang Emily Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Apr 20, 2006
Sold by
Cartagena Group Ltd
Bought by
Tang Francis Wingyan and Tang Emily Yuen Wan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,500
Interest Rate
6.46%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 2, 2006
Sold by
Cartagena Group Ltd
Bought by
Cartagena Group Ltd

Purchase Details

Closed on
Aug 17, 2005
Sold by
Denela Llc
Bought by
Cartegna Group Ltd
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
Butros Rima $532,500 Placer Title Company
Pitcher Family Revocable Trust -- None Available
Tang Francis W $35,500 None Available
Tang Francis Wingyan $710,000 Stewart Title Of Ca Inc
Cartagena Group Ltd -- Stewart Title
Cartegna Group Ltd $1,336,500 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Butros Rima $312,000
Previous Owner Tang Francis Wingyan $532,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2016 09/09/16 Sold $532,500 -3.2% $120 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
06/21/2016 06/21/16 For Sale $549,900 -- $124 / 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 $11,658 $618,005 $81,238 $536,767
2024 $11,658 $605,889 $79,646 $526,243
2023 $11,272 $594,010 $78,085 $515,925
2022 $10,822 $582,363 $76,554 $505,809
2021 $10,434 $570,945 $75,053 $495,892
2020 $10,060 $565,092 $74,284 $490,808
2019 $9,932 $565,092 $74,284 $490,808
2018 $9,584 $543,150 $71,400 $471,750
2017 $9,582 $532,500 $70,000 $462,500
2016 $8,699 $520,000 $104,000 $416,000
2015 $7,031 $377,000 $57,000 $320,000
2014 $6,719 $354,500 $65,000 $289,500
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2016

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    3 in this area

    87 Total Sales

    Marc Thurston
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21607349

Bakersfield Association of REALTORS® / GEMLS

APN: 491-471-19-00-0

California Kern County Bakersfield 93308 Meadow View

661 Blue Mountain Way, 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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