500 Quincy Street, Bakersfield, CA 93305, Bakersfield, 93305 - 2 bed, 1 bath
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500 Quincy Street
Bakersfield, CA 93305
ACTIVE
CONDITION: FAIR
2Beds
1Baths
1,108Sq Ft
7,525Lot Size
Property Price
LIST PRICE$249,000
EST. MARKET VALUE
$274,989
9% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $249,000—positioned well below the $274,989 Fair Market Value by 9%. This valuation gap offers $25,989 in Instant Equity. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside through its 7,525 sqft lot and ADU potential via the detached garage. While school ratings are modest, the property’s affordability and versatility make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add project.
Estimated Market Value
$274,989+$25,989 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 500 Quincy Street Subject | $249,000* List Price | 2 | 1 | 1,108 | $248 | - |
A 14 Quincy Sold | $225,000 | 3 | 1 | 1,391 | $162 | 0.5 mi |
B 531 Quincy Street Pending | $189,200 List Price | 2 | 1 | 908 | $208 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1921, this century-old home is functional but significantly dated. The kitchen shows cabinetry with visible base wear and older appliances, suggesting a renovation age of 25+ years. While the listing claims move-in condition, the interior finishes, exposed wiring in the kitchen, and weathered detached structures indicate a need for modernization and minor repairs.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 7525, living area = 1108.
- ADU Potential
The detached two-car garage and generous 7,525 sqft lot provide a prime opportunity for an ADU conversion or additional living space, offering significant value-add potential.
- Turnkey Condition
The property is exceptionally well-maintained and in move-in condition, making it a rare, ready-to-occupy find for first-time buyers or investors at this price point.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7525, other record lot size in square feet = 7405.
- Century-Old Construction
Built in 1921, the home's age may necessitate ongoing maintenance or future upgrades to aging structural and mechanical systems typical of 100-year-old properties.
- Low School Ratings
The assigned elementary and middle schools have low performance ratings (2/10 and 3/10), which may be a concern for families and could impact long-term appreciation.
About 500 Quincy Street
Welcome to this charming 2-bedroom, 1-bath home offering a great combination of comfort, condition, and potential. This property shows beautifully and is in move-in condition, making it an excellent opportunity for both first-time buyers and investors. The detached two-car garage offers additional possibilities, including potential conversion to an ADU or additional living space, subject to applicable permits and local requirements. The property is well maintained and will qualify for a variety of financing options. A great opportunity with plenty of potential—schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1921
- Lot Size
- 7,525 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Jefferson Elementary School
Grades K-5 • 0.3 mi
3/10
Longfellow Elementary School
Grades K-6 • 0.5 mi
2/10
Myra A. Noble Elementary School
Grades K-5 • 1.1 mi
2/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 1,108 | 1,645.732 |
| Lot Size | 7,525 | 7,650.063 |
| Price | $249.0K | $399.2K |
| Price per sq ft | $225 | $242 |
| Built year | 1921 | 1984 |
| HOA | $0 | $175 |
| Days on market | 44 | 64 |
Pricing History
Listed for Sale
Jul 27, 2026
$249,000
Initial Listing
Sold
Mar 13, 2001
$50,000
Public Record