214 Madison Street, Bakersfield, CA 93307, Bakersfield, 93307 - 2 bed, 1 bath
ACTIVE$389,900$1,200/sqft
Est. Value: $355,105
-8%
AboveEstimate
214 Madison Street, Bakersfield, CA 93307
2Beds
1Bath
1,200Sqft
7,254Lot
Price Vs. Estimate
The estimated value ($355,104.73) is $34,795.27 (8%) lower than the list price ($389,900). 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 = 7254, living area = 1200.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7254, other record lot size in square feet = 7405.
Compared to the nearby listings
Price:$389.9K vs avg $344.5K (+$45,400)74%
Size:1,200 sqft vs avg 1,240 sqft44%
Price/sqft:$325 vs avg $25889%
More Insights
Built in 1952 (74 years old).
Condition: The property offers a unique combination: a brand new, modern ADU with stylish finishes, which is in excellent condition. However, the main home, built in 1952, features a significantly outdated kitchen and bathroom, appearing to be original or from a very old renovation. These key areas require substantial updates to meet current quality and aesthetic standards. While the main home benefits from a new AC installation and appears otherwise maintained with newer carpet in some areas, the dated kitchen and bathroom prevent an overall 'Good' rating. The property's condition is a blend, with the ADU being excellent and the main home's wet areas being poor, averaging out to a 'Fair' overall condition.
Year Built
1952
Close
-
List price
$390K
Original List price
-
Price/Sqft
$325
HOA
$0
Days on market
-
Sold On
-
MLS number
SR25200733
Home ConditionFair
Features
Patio
View-
About this home
2 Homes on 1 Lot - Perfect for Multi-Generational Living or Investment! NEW AC WILL ALSO BE INSTALLED BEFORE COE Discover the perfect blend of comfort and opportunity with this unique property offering two separate homes on one spacious lot! Main Home: This beautifully maintained residence features 3 bedrooms and 1 bathrooms, offering a spacious layout perfect for families. Enjoy a comfortable living area, a functional kitchen, and a private backyard space for entertaining or relaxing. Second Home (ADU): Brand new construction! This modern 2-bedroom, 1-bathroom home is ideal for extended family, rental income, or a private guest space. Designed with stylish finishes and its own entrance for added privacy.
R
Roger Magana
Listing Agent
Nearby schools
2/10
Casa Loma Elementary School
Public,•K-5•0.8mi
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
07/05/23
Sold
$100,000
Condition Rating
Fair
The property offers a unique combination: a brand new, modern ADU with stylish finishes, which is in excellent condition. However, the main home, built in 1952, features a significantly outdated kitchen and bathroom, appearing to be original or from a very old renovation. These key areas require substantial updates to meet current quality and aesthetic standards. While the main home benefits from a new AC installation and appears otherwise maintained with newer carpet in some areas, the dated kitchen and bathroom prevent an overall 'Good' rating. The property's condition is a blend, with the ADU being excellent and the main home's wet areas being poor, averaging out to a 'Fair' overall 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 = 7254, living area = 1200.
Dual Dwelling Configuration: The property features two separate homes on one lot, offering excellent potential for multi-generational living or significant rental income.
Brand New ADU: Includes a newly constructed, modern 2-bedroom, 1-bathroom Accessory Dwelling Unit with stylish finishes and a private entrance, adding immediate value and flexibility.
New AC System: A new air conditioning unit will be installed before the close of escrow, proactively enhancing comfort and energy efficiency for the main home.
Generous Lot Size: The 7,254 sqft lot provides ample outdoor space, allowing for private backyards and separation between the two residences.
No Association Fees: The absence of HOA fees contributes to lower monthly ownership costs and greater financial flexibility for the owner.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7254, other record lot size in square feet = 7405.
Main Home Age: The primary residence was built in 1952, suggesting potential for older systems or components that may require future maintenance or updates beyond the new AC.
Limited Combined Living Space: The listed 1200 sqft for two homes (totaling 5 bedrooms and 2 bathrooms) indicates potentially compact living areas for both units, which might feel constrained for larger families.
Variable School Performance: While some nearby schools have good ratings, the closest elementary school (Casa Loma) has a lower rating (2/10), which could be a consideration for families with young children.