2004 Virginia Street, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
ACTIVE$219,900$858/sqft
Est. Value: $182,349
-17%
AboveEstimate
2004 Virginia Street, Bakersfield, CA 93305
2Beds
1Bath
858Sqft
7,585Lot
Price Vs. Estimate
The estimated value ($182,348.535) is $37,551.465 (17%) lower than the list price ($219,900). 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 = 7585, living area = 858.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7585, other record lot size in square feet = 7405.
Compared to the nearby listings
Price:$219.9K vs avg $265.0K ($-45,100)40%
Size:858 sqft vs avg 1,184 sqft12%
Price/sqft:$256 vs avg $24364%
More Insights
Built in 1933 (93 years old).
Condition: Built in 1933, this property shows significant age and wear. The kitchen is very dated with tile countertops, old cabinets, and worn linoleum flooring, requiring a full renovation. While the bathroom has some newer, budget-friendly updates (vanity, tub surround, flooring), the overall condition of the home, including visible ceiling cracks, worn carpets, and a neglected exterior, indicates a need for substantial repairs and rehabilitation to meet modern living standards. It is functional but far from move-in ready without major investment.
Year Built
1933
Close
-
List price
$220K
Original List price
-
Price/Sqft
$256
HOA
$0
Days on market
-
Sold On
-
MLS number
PW25271622
Home ConditionPoor
Features
View-
About this home
This corner lot home is a great opportunity for any buyer. Currently used as a rental and tenants could possibly remain. Great space on the fully fenced corner lot home with so much potential. Centrally located, located nearby shopping and restaurants. Schedule your tour today.
C
Corinne Gonzalez
Listing Agent
Nearby schools
2/10
College Heights Elementary School
Public,•K-6•0.6mi
2/10
Compton Junior High School
Public,•7-8•1.1mi
3/10
East Bakersfield High School
Public,•9-12•0.6mi
Price History
Date
Event
Price
09/09/21
Sold
$125,000
05/18/06
Sold
$186,000
06/03/04
Sold
$81,000
Condition Rating
Poor
Built in 1933, this property shows significant age and wear. The kitchen is very dated with tile countertops, old cabinets, and worn linoleum flooring, requiring a full renovation. While the bathroom has some newer, budget-friendly updates (vanity, tub surround, flooring), the overall condition of the home, including visible ceiling cracks, worn carpets, and a neglected exterior, indicates a need for substantial repairs and rehabilitation to meet modern living standards. It is functional but far from move-in ready without major investment.
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 = 7585, living area = 858.
Corner Lot & Fenced Yard: The property benefits from a desirable corner lot position and a fully fenced yard, offering enhanced privacy and usable outdoor space.
Income-Generating Potential: Currently tenant-occupied with the possibility of tenants remaining, providing immediate rental income for investors.
Centralized Location: Strategically located near shopping centers and restaurants, offering convenience and accessibility to amenities.
No Association Fees: The absence of an HOA means no additional monthly fees, reducing the overall cost of ownership.
Value-Add Opportunity: Described as a 'great opportunity' with 'so much potential,' indicating room for renovation and value appreciation for savvy buyers.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7585, other record lot size in square feet = 7405.
Age and Condition: Built in 1933, the property likely requires significant updates and maintenance, as suggested by the phrase 'so much potential.'
Compact Living Space: With only 858 square feet, the interior living space is relatively small, which may limit appeal to certain buyer demographics.
Subpar School Ratings: Nearby schools have low ratings (2-3), which could be a deterrent for families prioritizing school quality.