NOT LISTED FOR SALE

Estimated Value: $272,000 - $359,000

2 Beds
1 Bath
-- Sq Ft
9,200 Sq Ft Lot

Last Sold November 12, 2021

Last sale price $285,000

Est. 18% increase in value since last sale

Current estimated payment $2,190/month

33 Days on Market

About This Home

As of November 2021

Amazing income property ready for new owner/tenants. Two homes on one lot, both remodeled from top to bottom about 8 years ago. Front home is about 1000 sq feet with 3 beds and 2 baths...nice living area with a small dining area. back house is a one bed and one bath 400 sq feet with a huge kitchen/dining area and a nice living area. There is also a 300 sq foot basement that is semi finished and could easily be additional living space. big two car garage at back of property that is accessible by car as well as a huge covered storage area. There is also a shared laundry area. This is easily a cash flow property and wont last long at this price.

Last Agent to Sell the Property

Jason Adams

Oliver Ries, Broker License #01852296 Listed on: 09/10/2021

Last Buyer's Agent

Teresa Arzate

Real Broker License #01735557

Real Broker

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,161

Year Built

  • Built in 1939

Lot Details

  • 9,200

Home Design

  • Duplex

Parking

  • 1 Car Garage
  • Uncovered Parking

Additional Features

  • 1-Story Property
  • 9,200 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 41403008

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $21,600
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,161

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1939
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 6.00
  • Parking Features: Garage, Uncovered
  • Garages: 1

Utilities

  • Heatcool: Central AC,Central Heat

Lot Info

  • Lot Size Sq Ft: 9200.00
  • Parcel #: 41403008

Multi Family

  • Total Annual Expense: 6000.00
  • Vacancy Factor: 0.50
  • Number Of Units Total: 2
  • Annual Gross Income: 21600.00
  • Property Net Operating Income: 15600.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2021
Closed on
Nov 9, 2021
Sold by
Marroquin Freddy
Bought by
Marroquin Sandra
Seller's Agent
Jason Adams
Oliver Ries, Broker
Buyer's Agent
Teresa Arzate
Real Broker
List Price
$299,995
Sold Price
$285,000
Premium/Discount to List
-$14,995
-5%
Current Estimated Value
$336,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,489
Avg. Annual Appreciation
3.54%
Original Mortgage
$279,837
Outstanding Balance
$257,565
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$67,086

Purchase Details

Listed on
Sep 10, 2021
Closed on
Sep 23, 2021
Sold by
Wheelock John W and Wheelock Barbara A
Bought by
Marroquin Sandra
Seller's Agent
Jason Adams
Oliver Ries, Broker
Buyer's Agent
Teresa Arzate
Real Broker
List Price
$299,995
Sold Price
$285,000
Premium/Discount to List
-$14,995
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,837
Outstanding Balance
$257,565
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$67,086
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
Marroquin Sandra -- Placer Title
Marroquin Sandra $285,000 Placer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marroquin Sandra $279,837
Previous Owner Marroquin Sandra $279,837
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2021 11/12/21 Sold $285,000 -5.0% --
10/13/2021 10/13/21 Pending -- -- --
09/10/2021 09/10/21 For Sale $299,995 -- --
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 $4,161 $302,443 $63,672 $238,771
2024 $4,067 $296,514 $62,424 $234,090
2023 $4,067 $290,700 $61,200 $229,500
2022 $4,016 $285,000 $60,000 $225,000
2021 $1,264 $67,723 $16,651 $51,072
2020 $1,264 $67,030 $16,481 $50,549
2019 $1,192 $67,030 $16,481 $50,549
2018 $1,131 $64,429 $15,842 $48,587
2017 $1,117 $63,167 $15,532 $47,635
2016 $1,060 $61,929 $15,228 $46,701
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202109960

Bakersfield Association of REALTORS® / GEMLS

APN: 414-030-08-00-0