NOT LISTED FOR SALE

Estimated Value: $359,550 - $416,000

5 Beds
1 Bath
1,933 Sq Ft
$205/Sq Ft Est. Value

Last Sold October 02, 2023

Last sale price $355,000 $184 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,581/month

145 Days on Market

About This Home

As of October 2023

Investment property located in a very high demand rental area. 2 homes on one corner lot that is landscaped and completely fenced. Original structure is a 2 bed, 1 bath that has been updated, including central HVAC. Second 3 bedroom home was built in 2012. Great opportunity for an investor to acquire a well maintained cash flowing property, or for an owner occupant to live in one and rent out the other. Conveniently located near schools, shopping and freeway access.

Last Agent to Sell the Property

Darron Mason

eXp Realty - Bakersfield License #01464680 Listed on: 03/31/2023

Last Buyer's Agent

Non-Member Non-Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1946

Lot Details

  • 6,534 Sq Ft Lot

Home Design

  • Duplex

Interior Spaces

  • 1,933 Sq Ft Home
  • 1-Story Property

Schools

  • Mount Vernon Elementary School
  • Compton Middle School
  • Mira Monte High School

Listing and Financial Details

  • Assessor Parcel Number 14019013

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $25,800
  • Net Operating Income $17,057

Property Details

Home Type

Multi-Family

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Prop. Type: ResidentialIncome
  • Year Built: 1946
  • Building Stories: 1
  • Property Sub Type: 2 homes on 1 Lot
  • Special Features: None
  • Stories: 1

Interior Features

  • Living Area: 1933.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking Features: Other

Utilities

  • Heatcool: Central AC,Central Heat

Schools

  • High School: Mira Monte
  • Middle Or Junior School: Compton

Lot Info

  • Lot Size Sq Ft: 6534.00
  • Parcel #: 14019013

Multi Family

  • Total Annual Expense: 8743.00
  • Vacancy Factor: 1.00
  • Number Of Units Total: 2
  • Annual Gross Income: 25800.00
  • Property Net Operating Income: 17057.00

MLS Schools

  • Elementary School: Mount Vernon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Aug 21, 2023
Sold by
Fuentes Family Living Trust
Bought by
Orozco Arturo and Orozco Diana Nely
Seller's Agent
Darron Mason
eXp Realty - Bakersfield
Buyer's Agent
Non-Member Non-Member
Non-Member Office
List Price
$377,900
Sold Price
$355,000
Premium/Discount to List
-$22,900
-6.06%
Views
510
Current Estimated Value
$397,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,138
Avg. Annual Appreciation
5.02%
Original Mortgage
$177,500
Outstanding Balance
$173,662
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$223,476
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
Orozco Arturo $355,000 Placer Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orozco Arturo $177,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/02/2023 10/02/23 Sold $355,000 -2.7% $184 / Sq Ft
08/23/2023 08/23/23 Pending -- -- --
07/11/2023 07/11/23 Price Changed $365,000 -3.4% $189 / Sq Ft
05/26/2023 05/26/23 For Sale $377,900 0.0% $195 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $377,900 +16.3% $195 / Sq Ft
11/17/2021 11/17/21 Sold $325,000 -5.8% $168 / Sq Ft View Prior Sale
10/18/2021 10/18/21 Pending -- -- --
08/12/2021 08/12/21 For Sale $345,000 -- $178 / 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 $6,043 $362,100 $61,200 $300,900
2024 $5,689 $355,000 $60,000 $295,000
2023 $5,689 $331,500 $61,200 $270,300
2022 $5,439 $325,000 $60,000 $265,000
2021 $2,942 $127,681 $33,307 $94,374
2020 $2,942 $126,373 $32,966 $93,407
2019 $2,766 $126,373 $32,966 $93,407
2018 $2,692 $121,468 $31,687 $89,781
2017 $2,658 $119,087 $31,066 $88,021
2016 $2,285 $116,753 $30,457 $86,296
2015 $1,785 $71,063 $11,495 $59,568
2014 $1,730 $69,673 $11,270 $58,403
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 202302566

Bakersfield Association of REALTORS® / GEMLS

APN: 140-190-13-00-5