NOT LISTED FOR SALE

Estimated Value: $204,000 - $254,000

3 Beds
1 Bath
728 Sq Ft
$315/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $162,500 $223 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $1,510/month

33 Days on Market

About This Home

As of August 2021

Attention Investors! Check out this recently remodeled, Cash Flowing 2 unit property. $1545 total monthly rent. Front house is 2 bed/1 bath, 728 sf, rented at $895. Back house is a 320 sf studio, rented at $650. Both units were remodeled about 6 months ago & feature some major upgrades including: new water heater, bathroom plumbing, main drain line & carpet in front unit; new window AC/heating unit & tile in back unit. Both tenants are on month to month leases & current on rent. Front house has a swamp cooler, back unit has new wall AC/heating unit. Tenant occupied & will be delivered w/ tenants in place. Being sold AS-IS, no repairs, should qualify for conventional financing.

Last Agent to Sell the Property

Amber Smith

LPT Realty, Inc. License #02061219 Listed on: 06/14/2021

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1938

Lot Details

  • 6,969

Parking

  • Uncovered Parking

Home Design

  • Duplex

Schools

  • Downtown Elementary School
  • Highland School

Additional Features

  • 1-Story Property
  • 6,969 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 12511105

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $18,540
  • Net Operating Income $15,960

Property Details

Home Type

Multi-Family

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1938
  • 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 Features: Uncovered

Utilities

  • Heatcool: Evaporative,Other

Schools

  • High School: Highland

Lot Info

  • Lot Size Sq Ft: 6969.00
  • Parcel #: 12511105

Multi Family

  • Total Annual Expense: 2400.00
  • Vacancy Factor: 0.01
  • Number Of Units Total: 2
  • Annual Gross Income: 18540.00
  • Property Net Operating Income: 15960.00

MLS Schools

  • Elementary School: Downtown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jul 28, 2021
Sold by
Harris Matthew D and Ryan Molly E
Bought by
Mpsn Holdings No 1 Lp
Seller's Agent
Amber Smith
LPT Realty, Inc.
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$180,000
Sold Price
$162,500
Premium/Discount to List
-$17,500
-9.72%
Current Estimated Value
$229,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,931
Avg. Annual Appreciation
8.08%

Purchase Details

Closed on
Feb 28, 2019
Sold by
Harris Matthew D and Ryan Molly E
Bought by
Harris Matthew D and Ryan Molly E

Purchase Details

Closed on
Jan 25, 2011
Sold by
New Dominion Holdings Llc
Bought by
Harris Matthew D and Ryan Molly E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,750
Interest Rate
4.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 6, 2010
Sold by
Gracia Jesse
Bought by
New Dominion Holdings Llc

Purchase Details

Closed on
Aug 15, 2003
Sold by
Conner Frances E and The Frances E Conner Trust
Bought by
Gracia Jesse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,000
Interest Rate
6.17%
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
Mpsn Holdings No 1 Lp $162,500 Placer Title Company
Harris Matthew D -- None Available
Harris Matthew D $65,000 Stewart Title Of California
New Dominion Holdings Llc $20,000 Stewart Title Of California
Gracia Jesse -- Stewart Title Of California
Gracia Jesse $20,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harris Matthew D $48,750
Previous Owner Gracia Jesse $18,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $162,500 -9.7% $223 / Sq Ft
07/17/2021 07/17/21 Pending -- -- --
06/14/2021 06/14/21 For Sale $180,000 -- $247 / Sq Ft
Source: Bakersfield Association of REALTORS® / GEMLS

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 $3,512 $172,976 $42,448 $130,528
2024 $3,402 $169,585 $41,616 $127,969
2023 $3,402 $166,260 $40,800 $125,460
2022 $3,195 $163,000 $40,000 $123,000
2021 $2,024 $76,926 $17,750 $59,176
2020 $1,946 $76,138 $17,568 $58,570
2019 $1,886 $76,138 $17,568 $58,570
2018 $1,827 $73,184 $16,887 $56,297
2017 $1,802 $71,750 $16,556 $55,194
2016 $1,600 $70,344 $16,232 $54,112
2015 $1,599 $69,289 $15,989 $53,300
2014 $1,538 $67,932 $15,676 $52,256
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202106588

Bakersfield Association of REALTORS® / GEMLS

APN: 125-111-05-00-4