5205 Gorham Way, Bakersfield, CA 93309, Bakersfield, 93309 - 2 bed, 2 bath
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Bakersfield, CA 93309
This Condominium presents a Strong Value Opportunity with a List Price of $290,000—positioned above the $263,736 Fair Market Value by 9%. While the property requires cosmetic modernization due to its Fair Condition Rating, the 1,332 square foot open-concept floor plan and private patio offer a solid foundation for value-add improvements. Located in a prime Southwest Bakersfield neighborhood, this asset provides a functional layout for long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a customizable entry point into the market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5205 Gorham Way Subject | $290,000* List Price | 2 | 2 | 1,332 | $198 | - |
A 5808 Indian Wells Avenue Sold | $260,000 | 2 | 2 | 1,417 | $183 | 0.6 mi |
B 5909 Sunny Palms Avenue 5 Sold | $250,000 | 2 | 2 | 1,344 | $186 | 0.6 mi |
C 5101 Hunter Active | $215,000 List Price | 3 | 2 | 1,360 | $158 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1970, the property is functional and clean but significantly dated. While it features newer vinyl plank flooring and paint, the kitchen cabinetry, bathroom tile, and vanities appear original or over 30 years old. The presence of popcorn ceilings and older fixtures suggests the home needs cosmetic updates and modernization of wet areas.
Situated in desirable Southwest Bakersfield, the property offers excellent proximity to local shopping, dining, and schools, making it highly attractive for families and professionals.
With 1,332 square feet of living area, this condo provides a significantly more spacious open-concept floor plan than many standard two-bedroom units in the area.
The home features a private primary suite and a cozy fireplace, offering a comfortable and well-maintained environment suitable for immediate occupancy.
Built in 1970, the property may require modernization of its original systems or aesthetic updates to meet contemporary buyer preferences.
The $270 monthly association fee increases the total cost of ownership, which may impact the overall affordability for first-time buyers or the ROI for investors.
Welcome to this charming condo in desirable Southwest Bakersfield, conveniently located near shopping, dining, and schools. This well-maintained home features 2 bedrooms and 2 bathrooms, including a private primary suite with its own bathroom and generous storage throughout. The spacious living area offers a cozy fireplace and an open-concept floor plan, creating a comfortable flow for everyday living and entertaining. An excellent opportunity for first-time homebuyers, downsizers, or investors seeking a great value. Home will be delivered vacant at close of escrow. Don’t miss this opportunity to make it your own!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,332 | - |
| Lot Size | 1,764 | - |
| Price | $290.0K | $317.5K |
| Price per sq ft | $218 | $201 |
| Built year | 1970 | 0 |
| HOA | $270 | $0 |
| Days on market | 60 | 88 |
May 23, 2026
$290,000
Initial Listing
Sep 19, 2024
$270,000
Public Record
Jun 17, 2022
$198,000
Public Record
Aug 21, 2014
$20,500
Public Record