3999 Marella Way, Bakersfield, CA 93309, Bakersfield, 93309 - 3 bed, 2 bath
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Bakersfield, CA 93309
This Mid-Century Residential Asset represents a High-Potential Investment Opportunity, listed at a List Price of $349,900—positioned well below the $352,992 Fair Market Value by 0.88%. This valuation gap offers $3,092 in Instant Equity. Featuring a Condition Rating of 5, the property requires a comprehensive rehab to modernize its vintage infrastructure. With a large 8,276 sqft lot and a functional patio, this project is ideal for Fix-and-Flip Investors or Contractors seeking to capture value through strategic renovation in Central Bakersfield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3999 Marella Way Subject | $349,900* List Price | 3 | 2 | 1,714 | $206 | - |
A 4300 Garnsey Sold | $310,000 | 3 | 2 | 1,941 | $160 | 0.4 mi |
B 240 S Real Sold | $367,500 | 3 | 2 | 1,703 | $216 | 0.7 mi |
C 240 S Real Active | $390,000 List Price | 3 | 2 | 1,703 | $229 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1961, this property retains most original or significantly dated features (>30 years old). The kitchen has aged cabinetry and tile, the living areas feature dated wood paneling and linoleum flooring, and the exterior structures show visible wear. It requires a comprehensive rehab to update systems and finishes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1714.
The home features classic 1960s architecture with a spacious formal living room and abundant natural light, offering timeless character that is highly sought after in Central Bakersfield.
Situated near the Centennial Corridor, the property offers excellent proximity to major commuter routes, shopping, and dining, making it ideal for residents prioritizing accessibility.
Built in 1961, the property may require modernization of core systems or cosmetic updates to align with contemporary energy efficiency and design standards.
With a recent sales history and a modest price increase within a short timeframe, the property may face scrutiny regarding the value of recent improvements versus current market trends.
Discover timeless Mid-Century charm in the heart of Central Bakersfield! This classic 3 bedroom, 2 bathroom home offers 1,714 square feet of comfortable living space with a layout designed for both everyday living and effortless entertaining. The spacious formal living room welcomes you with abundant natural light, while the open kitchen flows seamlessly into the dining area, creating the perfect gathering space for family and friends. Step outside to a lush landscaped backyard, an ideal setting for morning coffee, weekend barbecues, or relaxing under the shade. The property also features a two car garage plus a large storage shed, providing plenty of room for vehicles, hobbies, and extra storage. Ideally located near the Centennial Corridor, you'll enjoy quick access to shopping, restaurants, parks, schools, and commuter routes. Full of character, warmth, and endless potential, this Central Bakersfield gem is ready for its next chapter. Do not miss your opportunity to call it home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,714 | - |
| Lot Size | 8,276 | - |
| Price | $349.9K | $399.2K |
| Price per sq ft | $204 | $245 |
| Built year | 1961 | 0 |
| HOA | $0 | $0 |
| Days on market | 8 | 57 |
Jul 14, 2026
$349,900
Initial Listing
May 3, 2024
$330,000
Public Record