1218 Water Street, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
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Bakersfield, CA 93305
This Fully Reimagined Turnkey Residence is listed at $293,000, offering exceptional stability at its $293,000 Fair Market Value. Boasting an Excellent Condition Rating, the home features a modern kitchen with sleek cabinetry and new flooring throughout. Major improvements, including a newer roof and HVAC system, ensure a maintenance-free transition for the next owner. The expansive 7,970 sqft lot provides significant ADU potential via the detached garage. Situated within the Highland High district near Washington Middle, this property balances lifestyle convenience with long-term versatility. It is an ideal match for first-time buyers or Owner-Occupants seeking a polished, move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1218 Water Street Subject | $293,000* List Price | 2 | 1 | 1,042 | $281 | - |
A 2512 Lynn Street Sold | $315,000 | 4 | 1 | 1,196 | $263 | 0.5 mi |
B 330 Lincoln Sold | $255,000 | 2 | 1 | 832 | $306 | 0.9 mi |
C 1801 Bernard Street Sold | $265,000 | 3 | 1 | 1,108 | $239 | 0.6 mi |
D 2905 Arnold Street Sold | $351,000 | 3 | 2 | 1,264 | $278 | 0.5 mi |
E 2616 N King Street Active | $315,000 List Price | 3 | 1 | 1,100 | $286 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation, featuring a brand-new kitchen with modern cabinetry and countertops, new flooring, recessed lighting, and updated fixtures throughout. Major systems have also been addressed, including a roof replacement within the last two years and a newer HVAC system, making it fully move-in ready with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7970, living area = 1042.
The property has been completely reimagined with high-value improvements including a newer roof, updated HVAC system, and a full interior remodel, minimizing immediate capital expenditures for the buyer.
The detached garage situated on a generous 7,970 sqft lot offers a significant opportunity for an Accessory Dwelling Unit (ADU) conversion to generate rental income or increase total living square footage.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7970, other record lot size in square feet = 7840. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1042, other record living area = 850.
The property was recently sold within the past year on 2025-08-12. The sold price is $160,000.00.
The assigned elementary and middle schools have low performance ratings (2/10), which may deter families and potentially impact the property's long-term appreciation compared to other neighborhoods.
Completely Revamped & Move-In Ready! This 2 bed, 1 bath charmer on Water St has been stripped down and rebuilt with today’s buyer in mind. You’ll love the brand-new kitchen with sleek cabinetry, modern countertops, and updated fixtures. The bathroom shines with fresh finishes, while new floors, recessed lighting, and stylish fixtures run throughout. Major $$$ improvements already done for you: roof replaced within the last 2 years, newer HVAC/AC system, and fresh interior & exterior paint. That means the big-ticket items are handled — just bring your furniture. Detached garage offers storage or potential ADU opportunity. Centrally located near schools, parks, and quick freeway access. This isn’t just another flip — it’s a fully reimagined home where all the expensive upgrades are DONE
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-6 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 1,042 | 1,215 | 40% |
| Lot Size | 7,970 | 6,954.5 | 70% |
| Price | $293.0K | $280.0K | 55% |
| Price per sq ft | $281 | $211 | 85% |
| Built year | 1947 | 1953 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 162 | 35% |
Mar 19, 2026
$293,000
$305,000
-4% Price Drop
Initial Listing
Dec 22, 2025
$305,000
Initial Listing
Aug 12, 2025
$160,000
Public Record