NOT LISTED FOR SALE

Estimated Value: $220,000 - $300,000

1 Bed
1 Bath
624 Sq Ft
$436/Sq Ft Est. Value

Last Sold July 13, 2018

Last sale price $142,000 $228 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $1,826/month

12 Days on Market

About This Home

As of July 2018

Affordable Investment Property! Perfect opportunity to own two homes on one lot! The front home was built in 1956 and is approx. 624 sqft and features 1 bedroom and 1 bath, living room, laundry room, patio, and a 1 car garage. Freshly painted and ready for new tenant. The back home was built in 1987 and is approx. 920 sqft and features 2 bedrooms and 1 bath, indoor laundry, and fenced yard. Both homes have been freshly painted on the outside. Convenient Northeast location in the La Cresta/Alta Vista neighborhood close to schools and shopping.

Last Agent to Sell the Property

Suzanne Munger

Scott Rivera Real Estate Team License #01788677 Listed on: 06/01/2018

Last Buyer's Agent

Miguel A. Hernandez

Open Door Real Estate License #01904653

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,572

Year Built

  • Built in 1956

Lot Details

  • 6,725 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Duplex

Interior Spaces

  • 624 Sq Ft Home
  • 1-Story Property

Schools

  • Noble Elementary School
  • Washington Middle School
  • East High School

Listing and Financial Details

  • Assessor Parcel Number 12501108

Community Details

Overview

  • 2 Units
  • Keith Add Subdivision

Building Details

  • Gross Income $12,600
  • Net Operating Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,572

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1956
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 624.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Garage
  • Garages: 1

Utilities

  • Heatcool: Evaporative,Other

Schools

  • High School: East
  • Middle Or Junior School: Washington

Lot Info

  • Lot Size Sq Ft: 6725.00
  • Parcel #: 12501108

Multi Family

  • Total Annual Expense: 2522.00
  • Vacancy Factor: 50.00
  • Number Of Units Total: 2
  • Annual Gross Income: 12600.00
  • Property Net Operating Income: 12600.00

MLS Schools

  • Elementary School: Noble, Myra A.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2020
Sold by
Morris Andrew I and Morris Miriam
Bought by
Morris Andrew I
Total Days on Market
12
Current Estimated Value
$272,308

Purchase Details

Listed on
Jun 1, 2018
Closed on
Aug 3, 2018
Sold by
Morris Andrew and Morris Miriam
Bought by
Morris Andrew
Seller's Agent
Suzanne Munger
Scott Rivera Real Estate Team
Buyer's Agent
Miguel A. Hernandez
Open Door Real Estate
List Price
$145,000
Sold Price
$142,000
Premium/Discount to List
-$3,000
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.51%
Original Mortgage
$106,500
Interest Rate
4.5%

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 25, 2018
Sold by
Schrader Richard C
Bought by
Morris Andrew and Morris Miriam
Seller's Agent
Suzanne Munger
Scott Rivera Real Estate Team
Buyer's Agent
Miguel A. Hernandez
Open Door Real Estate
List Price
$145,000
Sold Price
$142,000
Premium/Discount to List
-$3,000
-2.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,500
Interest Rate
4.5%

Purchase Details

Closed on
May 18, 2000
Sold by
Schrader Peggy L
Bought by
Schrader Richard C

Purchase Details

Closed on
Dec 6, 1996
Sold by
Schrader Family Tr
Bought by
Schrader Richard C and Schrader Peggy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,000
Interest Rate
7.59%
Source: Public Records

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Range of Values:

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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
Morris Andrew I -- None Available
Morris Andrew -- None Available
Morris Andrew $142,000 Placer Title Er
Schrader Richard C -- --
Schrader Richard C -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morris Andrew $106,500
Previous Owner Schrader Richard C $29,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $142,000 -2.1% $228 / Sq Ft
06/13/2018 06/13/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $145,000 -- $232 / 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
2024 $3,572 $155,293 $43,743 $111,550
2023 $3,572 $152,249 $42,886 $109,363
2022 $3,351 $149,265 $42,046 $107,219
2021 $3,163 $146,339 $41,222 $105,117
2020 $3,116 $144,840 $40,800 $104,040
2019 $2,667 $144,840 $40,800 $104,040
2018 $1,810 $73,000 $18,000 $55,000
2017 $1,764 $70,000 $18,000 $52,000
2016 $1,323 $57,000 $14,000 $43,000
2015 $1,252 $50,000 $13,000 $37,000
2014 $1,166 $46,000 $12,000 $34,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21806756

Bakersfield Association of REALTORS® / GEMLS

APN: 125-011-08-00-4