
Bakersfield, CA 93308
This Custom Equestrian Estate represents a Strong Value Opportunity, listed at $1,099,000—positioned well below the $1,109,984 Fair Market Value by 1%. This valuation gap offers $10,984 in Instant Equity. Featuring a 4,909 sq ft floor plan on 3.5 acres, the home maintains a Condition Rating of 4, offering a solid foundation for modernization. With Equestrian Amenities and a Versatile Office/Bonus Room layout, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a unique lifestyle property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5149 Fallgatter Street Subject 4 bd · 4 ba · 4,909 sqft · $226 | $1,099,000* List Price | 4 | 4 | 4,909 | $226 | - |
A 1148 Basta Sold 3 bd · 3 ba · 3,065 sqft · $287 · 0.9 mi | $879,000 | 3 | 3 | 3,065 | $287 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (32 years old), the home is well-maintained but features dated original finishes, including oak cabinetry, white tile countertops, and older white appliances. While the HVAC systems have been recently updated, the kitchen and bathrooms require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 152460, living area = 4909.
The 3.5-acre estate is perfectly equipped for horse enthusiasts, featuring three fenced pastures, a tack room, and convenient rear-gate access for riding trails toward the river.
Spanning over 4,900 sq ft, the home includes a large office with private entrances and two bonus rooms, offering exceptional flexibility for a home business, studio, or guest retreat.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4909, other record living area = 4382. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The $565 monthly HOA fee, combined with the extensive maintenance requirements of a 3.5-acre equestrian property, represents a significant ongoing expense for the homeowner.
The property's specialized equestrian features and premium price point in the Bakersfield market may result in a more limited pool of qualified buyers compared to standard residential listings.
Recently measured at 4,900+ sq ft per appraisal, this custom Blumer Construction estate offers refined country living on 3.5 acres in the gated Rancho Del Rio community. The home features striking masonry, soaring ceilings, expansive windows, and exceptional craftsmanship. A floor-to-ceiling brick fireplace and built-ins highlight the living room, complemented by a separate family room and an inviting kitchen with generous pantry and dining space. The estate offers 4 bedrooms, 3.5 baths, and an expansive office with two private entrances, French doors to a secluded patio, and two versatile bonus rooms ideal for a guest retreat or studio. Relax beneath the covered patio or explore three fenced pastures, a tack room, and rear-gate access for horseback rides toward the river. Features include RV parking with electrical service and dump station, an oversized 3-car garage, and two newer AC units. Shared-well water is included in the HOA fee. A rare blend of elegance and appeal!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 4,909 | 1,656.81 |
| Lot Size | 152,460 | 8,069.772 |
| Price | $1.10M | $414.9K |
| Price per sq ft | $224 | $246 |
| Built year | 1992 | 1986 |
| HOA | $565 | $180 |
| Days on market | 39 | 65 |
Oct 1, 2026
$1,099,000
$1,295,000
-15% Price Drop
Initial Listing
Sep 15, 2026
$1,295,000
Initial Listing