506 S Haley Street, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 2 bath
506 S Haley Street
Bakersfield, CA 93307
Property Price
SUMMARY
Analysis of 506 S Haley Street, Bakersfield, CA 93307 reveals a property with a current list price of $274,999, which is 16% above the estimated $230,021 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Bakersfield Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 506 S Haley Street Subject | $274,999* List Price | 3 | 2 | 1,028 | $224 | - |
A 124 Madison Street Active | $250,000 List Price | 3 | 1 | 949 | $263 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1981, this property is over 40 years old. The images reveal an outdated kitchen with older light wood cabinets, laminate countertops, white appliances, and a fluorescent light fixture, suggesting no major renovations in the last 30+ years. The exterior shows wear with cracked concrete and dated features. While the tile flooring is practical, the overall aesthetic and systems are likely original or from an older renovation, aligning with the 'Fair' category's description of an aged home maintained through regular upkeep but showing signs of being outdated and requiring minor updates or repairs. The MLS description's mention of 'charm and potential' and the property analysis highlighting 'aging property systems' and 'potential for further updates' further support this assessment.
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 = 7536, living area = 1028.
- R2 Zoning
The property's R2 zoning offers significant potential for investors, allowing for possible multi-unit development or increased rental income opportunities.
- Affordable Price Point
Listed at $274,999, this home presents an attractive and accessible entry point for first-time homebuyers and investors in the Bakersfield market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7536, other record lot size in square feet = 7405.
- Recently Sold Property
The property was recently sold within the past year on 2025-11-25. The sold price is $265,000.00.
- Compact Living Space
With 1,028 sqft, the interior living space is relatively small for a 3-bedroom home, which may limit its appeal to larger families or those desiring more expansive areas.
About 506 S Haley Street
Looking for a home with charm and potential? Southeast Bakersfield Home futures 3 bed, 1.75 bath, tile flooring throughout, a spacious kitchen with plenty of cabinets, and a 2-car garage. Bonus: Zoned R2 per County Assessor.Whether you're a savvy investor or a first time home buyer, this one is worth a look!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1981
- Lot Size
- 7,536 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Bakersfield Unified Schools
Bessie E. Owens Primary School
Grades K-3 • 0.5 mi
Fremont Elementary School
Grades K-6 • 0.8 mi
Compton Junior High School
Grades 7-8 • 2.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,028 | 1,157.5 | 27% |
| Lot Size | 7,536 | 6,708 | 77% |
| Price | $275.0K | $312.5K | 33% |
| Price per sq ft | $268 | $246 | 63% |
| Built year | 1981 | 1973 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 247 | 174 | 87% |
Pricing History
Sold
Nov 25, 2025
$265,000
Public Record
Listed for Sale
Jul 3, 2025
$274,999
Initial Listing
Sold
Apr 22, 2022
$242,000
Public Record
Sold
Jun 13, 2016
$68,000
Public Record
Sold
May 17, 2016
$40,000
Public Record