NOT LISTED FOR SALE

7900 N Laurelglen Blvd Bakersfield, CA 93309

Laurelglen Neighborhood

Estimated Value: $797,303 - $877,000

9 Beds
5 Baths
4,680 Sq Ft
$178/Sq Ft Est. Value

Last Sold July 05, 2024

Last sale price $800,000 $171 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,163/month

8 Days on Market

About This Home

As of July 2024

7900 N Laurelglen Blvd- Located at 7900 North Laurelglen Blvd in Bakersfield, California, this property, priced at $799,000, presents a lucrative investment opportunity. Built in 1978, the complex comprises four units: one 3-bedroom, 1.75-bath unit, and three 2-bedroom, 1.75-bath units. Each unit is equipped with its own garage and laundry hookups, offering convenience and appeal to potential tenants. The property generates a gross scheduled income of $62,400, making it an attractive option for investors seeking a steady income stream in a desirable location.

Last Agent to Sell the Property

Marc Thurston

ASU Commercial License #1099353 Listed on: 05/17/2024

Last Buyer's Agent

Daniel Markendorf

Markendorf and Associates License #01501434

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,956

Year Built

  • Built in 1978

Lot Details

  • 0.3

Home Design

  • Composition Roof

Interior Spaces

  • 4,680 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Car Garage
  • Uncovered Parking

Schools

  • Mcauliffe Elementary School
  • Tevis Middle School
  • Stockdale High School

Additional Features

  • 0.3 Acre Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 38021304

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $62,400
  • Net Operating Income $38,528

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,956

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1978
  • Building Stories: 1
  • Deposit Amount Required: 10000.00
  • Property Sub Type: 4 Units
  • Lot Size Acres: 0.3000
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 4680.00

Exterior Features

  • Roof: Composition
  • Disclosures: None of the Above

Garage/Parking

  • Number Of Garages: 4
  • Parking Features: Garage, Uncovered

Utilities

  • Heatcool: Central AC, Central Heat

Schools

  • High School: Stockdale
  • Middle Or Junior School: Tevis

Lot Info

  • Zoning Description: R2
  • Lot Size Sq Ft: 13068.00
  • Parcel #: 38021304

Multi Family

  • Total Annual Expense: 22000.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Annual Gross Income: 62400.00
  • Property Net Operating Income: 38528.00

MLS Schools

  • Elementary School: McAuliffe, C.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 3, 2024
Sold by
2008 Bank Family Trust and Bank Jeffrey C
Bought by
Lonigro Dominic and Lonigro Fransiska E
Seller's Agent
Marc Thurston
ASU Commercial
Buyer's Agent
Daniel Markendorf
Markendorf and Associates
List Price
$850,000
Sold Price
$800,000
Premium/Discount to List
-$50,000
-5.88%
Views
1
Current Estimated Value
$833,076

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,076
Avg. Annual Appreciation
1.38%
Original Mortgage
$600,000
Interest Rate
6.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2021
Sold by
Bank Linh N and Bank Jeffrey C
Bought by
Bank Jeffrey C and Bank Linh N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$328,000
Interest Rate
2.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2014
Sold by
Bank Linh N and Linh Ngo Trust
Bought by
2008 Bank Family Trust

Purchase Details

Closed on
Sep 10, 2005
Sold by
Ngo Linh
Bought by
Ngo Linh and Linh Ngo Trust

Purchase Details

Closed on
Oct 8, 2003
Sold by
Tjepkema John and Tjepkema Karen S
Bought by
Ngo Linh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,750
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 18, 2001
Sold by
Mattern Thomas J and Mattern Gloria L
Bought by
Tjepkema John and Tjepkema Karen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$182,700
Interest Rate
7.14%
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
Lonigro Dominic $800,000 Placer Title
Bank Jeffrey C -- Chicago Title Company
Bank Linh N -- Chicago Title Company
2008 Bank Family Trust -- None Available
Ngo Linh -- --
Ngo Linh $385,000 Fidelity Title
Tjepkema John $203,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lonigro Dominic $600,000
Previous Owner Bank Linh N $328,000
Previous Owner Ngo Linh $288,750
Previous Owner Tjepkema John $182,700
Closed Ngo Linh $57,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2024 07/05/24 Sold $800,000 +0.1% $171 / Sq Ft
05/26/2024 05/26/24 Pending -- -- --
05/21/2024 05/21/24 Price Changed $799,000 -6.0% $171 / Sq Ft
05/17/2024 05/17/24 For Sale $850,000 -- $182 / 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 $8,956 $800,000 $200,000 $600,000
2024 $8,956 $536,639 $83,626 $453,013
2023 $8,807 $526,118 $81,987 $444,131
2022 $8,442 $515,803 $80,380 $435,423
2021 $8,032 $505,690 $78,804 $426,886
2020 $7,855 $500,505 $77,996 $422,509
2019 $7,752 $500,505 $77,996 $422,509
2018 $7,424 $481,071 $74,968 $406,103
2017 $6,998 $445,000 $89,000 $356,000
2016 $6,623 $440,000 $88,000 $352,000
2015 $6,159 $398,000 $60,000 $338,000
2014 $6,062 $395,000 $50,000 $345,000
Source: Public Records

Agents Affiliated with this Home

  • Marc Thurston

    Seller's Agent in 2024

    Marc Thurston

    ASU Commercial

    (661) 862-5454

    5 in this area

    86 Total Sales

    Marc Thurston
    Section Image

  • D

    Buyer's Agent in 2024

    Daniel Markendorf

    Markendorf and Associates

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202404893

Bakersfield Association of REALTORS® / GEMLS

APN: 380-213-04-00-5

California Kern County Bakersfield 93309 Laurelglen

7900 N Laurelglen Blvd, Bakersfield, CA

This home is located at 7900 N Laurelglen Blvd, Bakersfield, CA 93309 since 17 May 2024 and is currently estimated at $833,076, approximately $178 per square foot. This property was built in 1978. 7900 N Laurelglen Blvd is a home located in Kern County with nearby schools including Laurelglen Elementary School, Tevis Junior High School, and Bakersfield High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bakersfield Association of REALTORS® / GEMLS Information is deemed reliable but not guaranteed.
Copyright Golden Empire MLS, Inc. 2025.

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