NOT LISTED FOR SALE

701 Lilac St Bakersfield, CA 93308

Estimated Value: $242,000 - $312,000

4 Beds
1 Bath
1,548 Sq Ft
$181/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $160,500 $104 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $1,789/month

17 Days on Market

About This Home

As of September 2020

This 2 homes on 1 lot property consists of 2 two bedroom/one-bath houses. Each house has their own private fenced yard. The first home was constructed in 1921 and the second in 1977. Lilac St is off of Chester Ave for an easy commute around the city. Bakersfield is conveniently located between San Francisco & Los Angeles which are becoming more expensive to live and thus resulting in more people moving to the wonderful city of Bakersfield. In addition, Bakersfield is known for its rich agriculture, black gold (oil), delicious dining, and its warm and welcoming small-town charm. Due to large manufacturing companies being stationed in Bakersfield results in high job demands such as Amazon which is only a ten-minute drive from Lilac Street. Lastly, Bakersfield takes pride in its small town feel and high quality of life that accompanies its big city amenities. Don't miss this rare opportunity to access the best investment market in California!

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 08/07/2020

Keller Williams Realty

Last Buyer's Agent

David Mercado

Mercado and Associates RE Inc. License #01924766

Mercado and Associates RE Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,586 Sq Ft Lot

Parking

  • Carport

Home Design

  • Duplex

Interior Spaces

  • 1,548 Sq Ft Home
  • 1-Story Property

Schools

  • Standard Elementary And Middle School
  • North High School

Listing and Financial Details

  • Assessor Parcel Number 11811218

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $16,740
  • Net Operating Income $9,565

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1977
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1548.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heatcool: Evaporative,Floor/Wall Heater

Schools

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

Lot Info

  • Lot Size Sq Ft: 7586.00
  • Parcel #: 11811218

Multi Family

  • Total Annual Expense: 7007.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 16740.00
  • Property Net Operating Income: 9565.00

MLS Schools

  • Elementary School: Standard

Range of Values:

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Value Increase
--
Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2020 09/23/20 Sold $160,500 -2.7% $104 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $165,000 +22.2% $107 / Sq Ft
11/28/2018 11/28/18 Sold $135,000 -12.9% $87 / Sq Ft View Prior Sale
10/29/2018 10/29/18 Pending -- -- --
07/31/2018 07/31/18 For Sale $155,000 -- $100 / 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 $3,912 $174,269 $37,884 $136,385
2024 $3,912 $170,853 $37,142 $133,711
2023 $3,770 $167,504 $36,414 $131,090
2022 $3,566 $164,220 $35,700 $128,520
2021 $3,390 $161,000 $35,000 $126,000
2020 $2,974 $137,700 $30,600 $107,100
2019 $2,937 $137,700 $30,600 $107,100
2018 $2,578 $111,823 $37,481 $74,342
2017 $2,548 $109,632 $36,747 $72,885
2016 $2,384 $107,483 $36,027 $71,456
Source: Public Records

Agents Affiliated with this Home

  • Philip Jordan

    Seller's Agent in 2020

    Philip Jordan

    Keller Williams Realty

    (805) 453-8353

    134 Total Sales

    Philip Jordan
    Section Image

  • D

    Buyer's Agent in 2020

    David Mercado

    Mercado and Associates RE Inc.

    (661) 348-9005

    46 Total Sales

    David Mercado
    Section Image
  • Elvia Alvarez

    Seller's Agent in 2018

    Elvia Alvarez

    Avalar Real Estate Alliance

    14 Total Sales

    Elvia Alvarez
    Section Image
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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202007926

Bakersfield Association of REALTORS® / GEMLS

APN: 118-112-18-00-7

California Kern County Bakersfield 93308

701 Lilac St, 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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