NOT LISTED FOR SALE

8320 Hoffman Ave Bakersfield, CA 93307

Estimated Value: $269,000 - $335,000

4 Beds
1 Bath
1,254 Sq Ft
$240/Sq Ft Est. Value

Last Sold August 18, 2014

Last sale price $110,000 $88 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $1,854/month

52 Days on Market

About This Home

As of August 2014

)))))Ranchito House(((((Horse property with two homes in on APN but two lots. first home is a 3 bed 1 bath with Central AC & heater. second home is 1 bed 1 bath totally remodeled; repiped, rewired with new 200 amp panel, new kitchen and tiled bath and RV Parking for a permanent mobile home in the back. Cash or Hard money loan only.

Last Agent to Sell the Property

Jesus Ayala

Unknown Broker License #01242807 Listed on: 05/28/2014

Last Buyer's Agent

Alberto Mendoza

Golden Valley RealEstate Group License #01510853

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,568

Year Built

  • Built in 1946

Lot Details

  • 0.38 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 1,254 Sq Ft Home
  • 1-Story Property

Parking

  • 2 Car Garage
  • Uncovered Parking

Listing and Financial Details

  • Assessor Parcel Number 00000006

Community Details

Overview

  • 2 Units

Building Details

  • Gross Income $16,800
  • Net Operating Income $14,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,568

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: 1254.00

Exterior Features

  • Disclosures: None of the Above

Garage/Parking

  • Parking: 4.00
  • Parking Features: Garage, Uncovered
  • Garages: 2

Utilities

  • Heatcool: Central AC,Central Heat,Evaporative,Floor/Wall Heater

Lot Info

  • Lot Size Sq Ft: 16724.00
  • Parcel #: 00000006

Multi Family

  • Total Annual Expense: 1200.00
  • Vacancy Factor: 3.00
  • Number Of Units Total: 2
  • Annual Gross Income: 16800.00
  • Property Net Operating Income: 14200.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 12, 2014
Sold by
Mtm Holdings Corp
Bought by
Mendoza Alberto
Current Estimated Value
$301,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,007
Interest Rate
4.62%
Mortgage Type
FHA

Purchase Details

Listed on
Jul 11, 2013
Closed on
Aug 8, 2013
Sold by
Chambers Erma Dene and Austin Verna Lynn
Bought by
Mtm Holdings Corp
Seller's Agent
Michael Moreno
Unknown Broker
Buyer's Agent
Jesus Ayala
Unknown Broker
List Price
$85,000
Sold Price
$69,000
Premium/Discount to List
-$16,000
-18.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.60%
Original Mortgage
$88,144
Interest Rate
4.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 2012
Sold by
Chambers Erma Dene
Bought by
Chambers Erma Dene and Austin Verna Lynn
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
Mendoza Alberto $110,000 Chicago Title
Mtm Holdings Corp $69,000 First American Title Company
Chambers Erma Dene -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mendoza Alberto $108,007
Previous Owner Mtm Holdings Corp $88,144
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2014 08/18/14 Sold $110,000 0.0% $88 / Sq Ft
07/19/2014 07/19/14 Pending -- -- --
05/28/2014 05/28/14 For Sale $110,000 +59.4% $88 / Sq Ft
08/14/2013 08/14/13 Sold $69,000 -18.8% $55 / Sq Ft
07/15/2013 07/15/13 Pending -- -- --
07/11/2013 07/11/13 For Sale $85,000 -- $68 / 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 $2,568 $132,193 $30,042 $102,151
2024 $2,551 $129,602 $29,453 $100,149
2023 $2,551 $127,062 $28,876 $98,186
2022 $2,372 $124,571 $28,310 $96,261
2021 $2,213 $122,129 $27,755 $94,374
2020 $2,122 $120,878 $27,471 $93,407
2019 $2,090 $120,878 $27,471 $93,407
2018 $2,017 $116,186 $26,405 $89,781
2017 $1,989 $113,909 $25,888 $88,021
2016 $1,939 $111,677 $25,381 $86,296
2015 $1,590 $110,000 $25,000 $85,000
2014 $1,115 $69,000 $30,000 $39,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bakersfield Association of REALTORS® / GEMLS

MLS Number: 21405595

Bakersfield Association of REALTORS® / GEMLS

APN: 178-070-49-00-0