1218 Water Street, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
ACTIVE UNDER CONTRACT$305,000$1,042/sqft
Est. Value: $300,096
-1%
FairlyEstimate
1218 Water Street, Bakersfield, CA 93305
2Beds
1Bath
1,042Sqft
7,970Lot
Price Vs. Estimate
The estimated value ($300,096.345) is $4,903.655 (1%) lower than the list price ($305,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: 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.
Top Cons:
MLS Listing Discrepancy: 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.
Compared to the nearby listings
Price:$305.0K vs avg $275.0K (+$30,000)60%
Size:1,042 sqft vs avg 1,184 sqft24%
Price/sqft:$293 vs avg $24388%
More Insights
Built in 1947 (79 years old).
Condition: Despite being built in 1947, the property has undergone a complete and extensive renovation, described as 'stripped down and rebuilt.' The kitchen features brand-new sleek cabinetry, modern countertops, and updated fixtures. The bathroom also boasts fresh finishes, a new vanity, and modern fixtures. New flooring, recessed lighting, and stylish ceiling fans are present throughout. Major systems like the roof (replaced within 2 years) and HVAC/AC system are newer, and the property has fresh interior and exterior paint. All these elements indicate a property that is virtually new in its current state, meeting current quality standards with no deferred maintenance.
Year Built
1947
Close
-
List price
$305K
Original List price
-
Price/Sqft
$293
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25279307
Home ConditionExcellent
Features
View-
About this home
Completely Revamped & Move-In Ready! This 2 bed, 1 bath charmer on Water St has been stripped down and rebuilt with todays buyer in mind. Youll 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 isnt just another flip its a fully reimagined home where all the expensive upgrades are DONE
T
Tomas Piedra
Listing Agent
Nearby schools
2/10
Myra A. Noble Elementary School
Public,•K-5•0.3mi
3/10
Jefferson Elementary School
Public,•K-5•0.8mi
2/10
Longfellow Elementary School
Public,•K-6•1.3mi
2/10
Washington Middle School
Public,•6-8•0.3mi
4/10
Walter Stiern Middle School
Public,•6-8•3.9mi
6/10
Highland High School
Public,•9-12•2.8mi
Price History
Date
Event
Price
08/12/25
Sold
$160,000
Condition Rating
Excellent
Despite being built in 1947, the property has undergone a complete and extensive renovation, described as 'stripped down and rebuilt.' The kitchen features brand-new sleek cabinetry, modern countertops, and updated fixtures. The bathroom also boasts fresh finishes, a new vanity, and modern fixtures. New flooring, recessed lighting, and stylish ceiling fans are present throughout. Major systems like the roof (replaced within 2 years) and HVAC/AC system are newer, and the property has fresh interior and exterior paint. All these elements indicate a property that is virtually new in its current state, meeting current quality standards with no deferred maintenance.
Pros & Cons
Pros
High Available Lot Utilization: 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.
Extensive Recent Renovation: The property has been 'Completely Revamped & Move-In Ready,' featuring a brand-new kitchen, updated bathroom, new floors, recessed lighting, and stylish fixtures throughout, offering modern aesthetics and functionality.
Major System Upgrades Completed: Significant and costly improvements have already been made, including a roof replaced within the last 2 years, a newer HVAC/AC system, and fresh interior and exterior paint, minimizing immediate maintenance concerns for a buyer.
ADU Potential / Detached Garage: The detached garage provides valuable storage space and presents a potential opportunity for conversion into an Accessory Dwelling Unit (ADU), which could offer rental income or additional living space.
Central Location & Accessibility: The home is 'Centrally located near schools, parks, and quick freeway access,' enhancing convenience for daily commutes and access to local amenities.
No HOA Fees: The absence of an association fee is a financial benefit, as it eliminates recurring monthly costs typically associated with homeowners' associations.
Cons
MLS Listing Discrepancy: 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.
Recently Sold Property: The property was recently sold within the past year on 2025-08-12. The sold price is $160,000.00.
Limited Bedrooms/Bathrooms: With only 2 bedrooms and 1 bathroom, the property may not adequately meet the needs of larger families or buyers desiring more extensive living and bathing facilities.
Smaller Square Footage: At 1042 sqft, the living space is relatively modest, which could be a limiting factor for buyers seeking more expansive interiors or room for growth.
Low-Rated Nearby Schools: Several of the closest elementary and middle schools (e.g., Washington Middle School, Longfellow Elementary, Myra A. Noble Elementary) have low ratings (2-3), which may be a concern for families prioritizing school quality.