5113 Colonial, Bakersfield, CA 93308, Bakersfield, 93308 - 4 bed, 2 bath
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Bakersfield, CA 93308
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $549,999—positioned above the $517,461 Fair Market Value. While priced slightly above market, the property features an Excellent Condition Rating due to comprehensive renovations, including a remodeled kitchen, luxury flooring, and a private backyard oasis with a pool. With paid solar providing long-term utility savings and a spacious 10,260 sqft lot, this home offers immediate lifestyle benefits. It is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready home in the desirable Olive Drive area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5113 Colonial Subject | $539,999* List Price | 4 | 2 | 2,008 | $277 | - |
A 7800 Carol Sue Court Sold | $424,000 | 3 | 2 | 1,499 | $283 | 0.5 mi |
B 4401 Palisades Sold | $580,000 | 4 | 3 | 2,113 | $274 | 0.7 mi |
C 6008 Carter Avenue Sold | $480,000 | 3 | 2 | 2,181 | $220 | 0.9 mi |
D 5313 Hollis Street Active | $525,000 List Price | 3 | 2 | 2,088 | $251 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1985, the property has undergone a comprehensive renovation within the last 5 years. It features a remodeled kitchen with newer appliances, renovated bathrooms, luxury flooring, fresh interior/exterior paint, and updated lighting. The addition of paid solar and a well-maintained pool area confirms its mint, move-in ready condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10260, living area = 2008.
The property features a premium backyard setup including a sparkling pool, gazebo, and expansive patio, ideal for entertaining in the Bakersfield climate.
The inclusion of a fully paid solar system provides significant value and long-term utility savings for the homeowner.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10260, other record lot size in square feet = 10454. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With only two bathrooms serving four bedrooms across 2,008 square feet, the layout may present logistical challenges for larger families or guests.
The property was purchased recently for $535,000, and the current list price of $549,999 indicates a very narrow margin that may limit negotiation flexibility or reflect a quick turnaround.
Welcome to this beautifully renovated 4-bedroom, 2-bath home in the highly sought-after Olive Drive area. Thoughtfully updated throughout, this move-in ready home features vaulted ceilings, luxury flooring, fresh interior and exterior paint, updated lighting, a remodeled kitchen with newer appliances and countertops, and a beautifully renovated bathroom. Enjoy your private backyard oasis with a sparkling pool, gazebo, expansive patio, and paid solar. Close to shopping, dining, and schools, this home offers comfort, style, and lasting value.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,008 | - |
| Lot Size | 10,260 | - |
| Price | $540.0K | $399.2K |
| Price per sq ft | $269 | $245 |
| Built year | 1985 | 0 |
| HOA | $0 | $0 |
| Days on market | 28 | 57 |
Jul 14, 2026
$539,999
$549,999
-2% Price Drop
Initial Listing
Jun 25, 2026
$549,999
Initial Listing
Aug 5, 2024
$535,000
Public Record
May 3, 2019
$310,000
Public Record
Dec 7, 2004
$345,000
Public Record