2804 Elmwood, Bakersfield, CA 93305, Bakersfield, 93305 - 3 bed, 2 bath
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Bakersfield, CA 93305
This Renovated Mid-Century Residence is a Strong Value Opportunity, listed at $339,000—positioned well below the $354,754 Fair Market Value by 4%. This valuation gap provides $15,754 in Instant Equity for the incoming buyer. Boasting an Updated Condition Rating, the home features a modern kitchen with granite countertops, new wide-plank flooring, and recessed lighting. The expansive 8,318 sq. ft. lot offers significant ADU potential for rental income or multi-generational living. This versatile property is an ideal acquisition for Owner-Occupants seeking a turnkey home or Buy-and-Hold Investors looking for a high-utilization asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2804 Elmwood Subject | $339,000* List Price | 3 | 2 | 1,511 | $235 | - |
A 500 Jefferson Street Sold | $325,000 | 3 | 2 | 1,510 | $215 | 0.7 mi |
B 3417 River Boulevard Sold | $295,000 | 3 | 2 | 1,571 | $188 | 0.6 mi |
C 2701 Berkeley Sold | $310,000 | 3 | 2 | 1,761 | $176 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1961, the property has undergone an extensive recent renovation within the last 5 years. The interior features a modern kitchen with new white shaker cabinets, granite countertops, and stainless steel appliances. The home also boasts new wide-plank laminate flooring throughout, recessed lighting, fresh paint, and updated bathrooms, meeting current quality standards with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8318, living area = 1511.
The home has been beautifully updated throughout, featuring a modern interior, a cozy fireplace, and a functional layout that allows for immediate occupancy without the need for renovations.
Sitting on a generous 8,318 sq. ft. lot, the property provides ample space for an outdoor oasis or the construction of an Accessory Dwelling Unit (ADU) for potential rental income.
The assigned elementary and middle schools carry low ratings (2/10), which may limit the property's appeal to families prioritizing high-performing educational districts.
While cosmetically updated, the 1961 construction may still feature original underlying systems that could require more frequent maintenance compared to newer builds.
Beautifully updated home in Northeast Bakersfield is officially live! This charming property features 3 bedrooms and 2 bathrooms, offering the perfect blend of comfort and style. Enjoy a spacious living room complete with a cozy fireplace ideal for gathering during the holidays or relaxing evenings at home. The inviting kitchen provides a warm and functional space, with direct access to the expansive backyard. Step outside to a huge yard filled with potential whether you envision creating your dream outdoor oasis or adding an ADU for additional income opportunities, the possibilities are endless. Don't miss your chance to own this versatile and move-in ready home. Contact your favorite Realtor today to schedule a private showing!
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-6 • 0.8 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,511 | 1,249 | 80% |
| Lot Size | 8,318 | 6,954.5 | 80% |
| Price | $339.0K | $280.0K | 75% |
| Price per sq ft | $224 | $211 | 60% |
| Built year | 1961 | 1954 | 95% |
| HOA | $0 | $0 | 50% |
| Days on market | 44 | 162 | 5% |
Apr 15, 2026
$339,000
$389,999
-13% Price Drop
Initial Listing
Mar 9, 2026
$389,999
Initial Listing
Oct 16, 2023
$300,000
Public Record
Jul 21, 2020
$240,000
Public Record
Jan 9, 2020
$167,500
Public Record
Jan 7, 2020
$160,000
Public Record