NOT LISTED FOR SALE

Estimated Value: $211,000 - $270,000

2 Beds
2 Baths
1,296 Sq Ft
$184/Sq Ft Est. Value

Last Sold April 18, 2014

Last sale price $69,500 $54 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $1,422/month

29 Days on Market

About This Home

As of April 2014

Great opportunity to buy bargain priced duplex. Front unit is a 2 bed/1 bath, rear unit is a 1 bed/1 bath. Both units have individual gas & electric meters. They have their own individual washer/dryer connections. Each unit also has their own separate fenced yard areas. Current tenants have been here fro about 1.5 years. Prior to that, owner replaced carpet with new tile, painted and cleaned them up. Rents are low. There is easily another $200 upside possibility for the rents.

Last Agent to Sell the Property

Philip Jordan

Keller Williams Realty License #00966411 Listed on: 03/20/2014

Keller Williams Realty

Last Buyer's Agent

Robert Dobbs

661 Realty License #01520841

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 4,788 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Parking Spaces
  • Uncovered Parking

Schools

  • Emerson Middle School
  • Bakersfield High School

Listing and Financial Details

  • Assessor Parcel Number 00205129

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $9,600
  • Net Operating Income $6,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1959
  • Building Stories: 1
  • Property Sub Type: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1296.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Uncovered

Utilities

  • Heatcool: Floor/Wall Heater,Other

Schools

  • High School: Bakersfield
  • Middle Or Junior School: Emerson

Lot Info

  • Lot Size Sq Ft: 4788.00
  • Parcel #: 00205129

Multi Family

  • Total Annual Expense: 2725.00
  • Vacancy Factor: 5.00
  • Number Of Units Total: 2
  • Annual Gross Income: 9600.00
  • Property Net Operating Income: 6875.00

MLS Schools

  • Elementary School: Other-Outlying

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2014
Closed on
Apr 18, 2014
Sold by
Bustamante Manuel
Bought by
Ramirez Gustavo and Ramirez Maria Olga
Seller's Agent
Philip Jordan
Keller Williams Realty
Buyer's Agent
Robert Dobbs
661 Realty
List Price
$69,900
Sold Price
$69,500
Premium/Discount to List
-$400
-0.57%
Current Estimated Value
$238,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,369
Avg. Annual Appreciation
11.07%

Purchase Details

Closed on
Nov 18, 2002
Sold by
Dobbs Carla M and Boren Arlene
Bought by
Bustamante Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,981
Interest Rate
6.03%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 12, 2002
Sold by
Bustamante Luz Elena
Bought by
Bustamante Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,981
Interest Rate
6.03%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 26, 1997
Sold by
Boren Donovan Joe and Boren Arlene D
Bought by
Dobbs Hubert and The Dobbs Family 1989 Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.56%
Mortgage Type
Seller Take Back
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
Ramirez Gustavo $69,500 Chicago Title Company
Bustamante Manuel $58,500 Fidelity
Bustamante Manuel -- Fidelity
Dobbs Hubert $23,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bustamante Manuel $57,981
Previous Owner Bustamante Manuel $57,981
Previous Owner Dobbs Hubert $55,000
Closed Bustamante Manuel $3,510
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2014 04/18/14 Sold $69,500 -0.6% $54 / Sq Ft
03/20/2014 03/20/14 For Sale $69,900 -- $54 / 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 $2,219 $85,185 $24,511 $60,674
2024 $2,159 $83,516 $24,031 $59,485
2023 $2,159 $81,879 $23,560 $58,319
2022 $2,081 $80,275 $23,099 $57,176
2021 $1,899 $78,702 $22,647 $56,055
2020 $1,833 $77,896 $22,415 $55,481
2019 $1,798 $77,896 $22,415 $55,481
2018 $1,763 $74,874 $21,546 $53,328
2017 $1,747 $73,407 $21,124 $52,283
2016 $1,649 $71,968 $20,710 $51,258
2015 $1,630 $70,888 $20,399 $50,489
2014 $1,530 $65,000 $25,000 $40,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21402945

Bakersfield Association of REALTORS® / GEMLS

APN: 002-051-29-00-1