4005 Madrid Avenue, Bakersfield, CA 93309, Bakersfield, 93309 - 4 bed, 2 bath
ACTIVE$415,800$2,420/sqft
Est. Value: $415,800
%
FairlyEstimate
4005 Madrid Avenue, Bakersfield, CA 93309
4Beds
2Baths
2,420Sqft
7,628Lot
Price Vs. Estimate
The estimated value ($415,800) is $0 (0%) lower than the list price ($415,800). This property may be overpriced.
Key pros and cons
Top Pros:
Extensively Remodeled: The property is described as a 'Remodeled Pool Home,' suggesting significant updates that enhance its appeal and potentially reduce immediate renovation costs for a buyer.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7628, other record lot size in square feet = 7840.
Compared to the nearby listings
Price:$415.8K vs avg $350.0K (+$65,800)78%
Size:2,420 sqft vs avg 1,577 sqft89%
Price/sqft:$172 vs avg $20527%
More Insights
Built in 1962 (64 years old).
Condition: Built in 1962, this home has undergone significant cosmetic renovations in the kitchen and bathrooms, featuring modern granite countertops, updated white cabinetry, contemporary fixtures, and new laminate flooring. However, the lack of specific details on the recency and scope of these renovations, combined with the property's age, suggests that while cosmetically appealing, major underlying systems (HVAC, plumbing, electrical) may still be original or older and could require future attention. The living room carpet and exterior concrete also show signs of age, indicating some areas may need minor updates or repairs.
Year Built
1962
Close
-
List price
$416K
Original List price
-
Price/Sqft
$172
HOA
$0
Days on market
-
Sold On
-
MLS number
OC25263234
Home ConditionFair
Features
Pool
Spa
Patio
View-
About this home
Price Reduction!! Remodeled Pool Home. Beautiful 2-story home on a Cul-De-Sac. 4 very spacious bedrooms and 2 full baths. Large Den and kitchen open to a large dining area with a view of the backyard via double French doors. Beautiful backyard with a fenced pool and gazebo filled with outdoor furniture for those who like to entertain or just relax in the backyard. This home is a MUST see. Bring your favorite realtor.
I
Isis Fanous-Sterling
Listing Agent
Price History
Date
Event
Price
06/30/95
Sold
$107,000
09/20/22
Sold
$355,000
04/29/22
Sold
$260,000
Condition Rating
Fair
Built in 1962, this home has undergone significant cosmetic renovations in the kitchen and bathrooms, featuring modern granite countertops, updated white cabinetry, contemporary fixtures, and new laminate flooring. However, the lack of specific details on the recency and scope of these renovations, combined with the property's age, suggests that while cosmetically appealing, major underlying systems (HVAC, plumbing, electrical) may still be original or older and could require future attention. The living room carpet and exterior concrete also show signs of age, indicating some areas may need minor updates or repairs.
Pros & Cons
Pros
Extensively Remodeled: The property is described as a 'Remodeled Pool Home,' suggesting significant updates that enhance its appeal and potentially reduce immediate renovation costs for a buyer.
Exceptional Outdoor Entertainment: The 'Beautiful backyard with a fenced pool and gazebo filled with outdoor furniture' offers a highly desirable space for relaxation, entertainment, and enjoying Bakersfield's climate.
Desirable Cul-De-Sac Location: Situated on a Cul-De-Sac, the home benefits from reduced traffic, enhanced safety, and a quieter living environment, which is often highly sought after by families.
Spacious & Functional Layout: With '4 very spacious bedrooms and 2 full baths,' a 'Large Den and kitchen open to a large dining area,' the property offers ample and well-designed living space for comfort and functionality.
No Homeowners Association (HOA) Fees: The absence of HOA fees is a significant financial advantage, saving buyers recurring monthly expenses and providing greater freedom from restrictive community rules.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7628, other record lot size in square feet = 7840.
Property Age & Potential System Concerns: Built in 1962, despite being remodeled, the core structure and potentially some underlying systems (e.g., plumbing, electrical, HVAC) are over 60 years old, which may imply higher maintenance or future upgrade costs.
Multiple Price Reductions: The listing history shows several price reductions, which could indicate that the property was initially overpriced, has been on the market for an extended period, or is facing market resistance.
Lack of Specific Renovation Details: While 'remodeled' is mentioned, the description lacks specific information about the scope, quality, and recency of the renovations, which might lead buyers to question the extent of updates.