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124 Madison Street, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 1 bath

124 Madison Street, Bakersfield, CA 93307 home-pic-0
ACTIVE$250,000$949/sqft
Est. Value: $249,263
%
FairlyEstimate
124 Madison Street, Bakersfield, CA 93307
3Beds
1Bath
949Sqft
7,703Lot

Price Vs. Estimate

The estimated value ($249,263.365) is $736.635 (0%) lower than the list price ($250,000). 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 = 7703, living area = 949.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7703, other record lot size in square feet = 7840.

Compared to the nearby listings

Price:$250.0K vs avg $331.0K ($-81,000)19%
Size:949 sqft vs avg 1,240 sqft11%
Price/sqft:$263 vs avg $25852%

More Insights

Built in 1955 (71 years old).
Condition: Built in 1955, this property is an older home that has been well-maintained and received cosmetic updates, making it move-in ready. The kitchen, while functional, features dated white painted cabinets, older-style countertops, and a dated chandelier. The description mentions 'clean finishes and a modern feel' for the bathroom, but no images are provided, and the single bathroom for three bedrooms is a significant functional limitation. Flooring is consistent, durable tile but is dated in style. Light fixtures are also dated. While the addition of solar panels is a positive upgrade, the overall interior style, particularly in the kitchen, and the likely age of major systems (HVAC, plumbing, electrical) indicate that the property would benefit from minor updates to meet current aesthetic and functional standards, aligning with a 'fair' condition.
Year Built
1955
Close
-
List price
$250K
Original List price
-
Price/Sqft
$263
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25262056
Home ConditionFair
Features
View-

About this home

Charming Bakersfield home with spacious living! This home delivers the perfect blend of comfort, style, and value. Whether you're a first-time buyer, growing household, or investor, this property offers everything you needa spacious layout, thoughtful and a prime location close to shopping, schools, and commuter routes. Step inside to an inviting floor plan filled with natural light. The generous living room provides plenty of space to relax and entertain, while the adjoining dining area opens seamlessly to the kitchen. The kitchen offers ample cabinetry, expansive counter space, and the ideal setup for those who love to cook and gather. Each bedroom is well-sized and designed for comfort, making this home functional for families, guests, or a home office setup. The bathrooms feature clean finishes and a modern feel. Throughout the home, you'll find fresh touches that make this property feel bright, warm, and ready for your personal style. Outside, the spacious backyard offers endless possibilitiescreate a garden, build a patio, add a play area, or design the outdoor space of your dreams. The large lot also provides ample parking and potential for RV access or expansion (buyer to verify). Located in a friendly neighborhood near parks, schools, local dining, and daily conveniences, this home is ideal for buyers seeking a turnkey property at an incredible value. This is an opportunity you dont want to miss. Schedule your private showing today and envision your life in this charming Bakersfield home!

J
Jenny Segovia
Listing Agent

Nearby schools

2/10
Casa Loma Elementary School
Public,•K-5•0.9mi
3/10
Wayside Elementary School
Public,•K-5•1.3mi
4/10
Munsey Elementary School
Public,•K-5•2.9mi
4/10
Sequoia Middle School
Public,•6-8•1.0mi
3/10
Sierra Middle School
Public,•6-8•2.8mi
3/10
Mira Monte High School
Public,•9-12•3.6mi

Price History

Date
Event
Price
01/30/98
Sold
$38,000
07/26/16
Sold
$93,000
Condition Rating
Fair
Built in 1955, this property is an older home that has been well-maintained and received cosmetic updates, making it move-in ready. The kitchen, while functional, features dated white painted cabinets, older-style countertops, and a dated chandelier. The description mentions 'clean finishes and a modern feel' for the bathroom, but no images are provided, and the single bathroom for three bedrooms is a significant functional limitation. Flooring is consistent, durable tile but is dated in style. Light fixtures are also dated. While the addition of solar panels is a positive upgrade, the overall interior style, particularly in the kitchen, and the likely age of major systems (HVAC, plumbing, electrical) indicate that the property would benefit from minor updates to meet current aesthetic and functional standards, aligning with a 'fair' condition.
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 = 7703, living area = 949.
Prime Location & Convenience: Situated in a friendly neighborhood with excellent proximity to shopping, schools, parks, dining, and major commuter routes, enhancing daily convenience and lifestyle.
Expansive Lot with Development Potential: The generous 7,703 sqft lot offers a spacious backyard with ample room for gardening, recreation, or potential future expansion/RV access (buyer to verify), adding significant value and flexibility.
Broad Market Appeal: Positioned as ideal for first-time buyers, growing households, or investors, indicating a wide target audience and strong demand potential.
Turnkey Condition & Modern Touches: Described as a 'turnkey property' with 'fresh touches' and 'clean finishes' in bathrooms, suggesting it's move-in ready and requires minimal immediate updates.
Functional Layout & Natural Light: An inviting floor plan with a generous living room, seamless dining area, and abundant natural light creates a bright and comfortable living environment.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7703, other record lot size in square feet = 7840.
Limited Bathroom Count: The property features only one bathroom for three bedrooms, which may be a significant limitation for families or multiple occupants, impacting convenience and potential resale value.
Age of Property & Potential System Updates: Built in 1955, the home's age suggests that major systems (HVAC, plumbing, electrical) may be original or require significant updates, which are not explicitly mentioned as completed.
Compact Interior Square Footage: At 949 sqft for a 3-bedroom home, the interior living space is relatively compact, potentially limiting the perception of 'spacious living' for some buyers, especially larger families.
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