5205 Gorham Way, Bakersfield, CA 93309, Bakersfield, 93309 - 2 bed, 2 bath
Loading property details...
Bakersfield, CA 93309
This Condominium presents a High-Potential Investment Opportunity with a List Price of $290,000—positioned well above the $238,631 Fair Market Value by -21%. While the property requires a strategic approach due to its Condition Rating of 4, the 1,332 square foot open-concept layout provides a solid foundation for value-add renovations. Located in a prime Southwest Bakersfield area, this asset is well-suited for Buy-and-Hold Investors or first-time buyers looking to build equity through targeted interior updates.
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 | $179 | - |
A 5808 Indian Wells Avenue Sold | $260,000 | 2 | 2 | 1,417 | $183 | 0.6 mi |
B 1508 Yorba Linda Sold | $255,000 | 2 | 2 | 1,470 | $173 | 0.5 mi |
C 5909 Sunny Palms Avenue 5 Sold | $250,000 | 2 | 2 | 1,344 | $186 | 0.6 mi |
D 5301 Demaret 16 Sold | $262,000 | 3 | 3 | 1,615 | $162 | 0.2 mi |
E 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 (54 years old), this property is functional and described as well-maintained, but the suggestion to 'make it your own' indicates dated interior finishes. While livable, the kitchen, bathrooms, and systems likely exceed the 20-year threshold for modern updates.
Situated in the highly desirable Southwest Bakersfield area, this property offers excellent proximity to major shopping centers, diverse dining options, and local schools.
At 1,332 square feet, this condo features a generous open-concept floor plan and a cozy fireplace, providing a more expansive feel than typical two-bedroom units.
The home is well-maintained and will be delivered vacant at the close of escrow, offering a seamless transition for first-time homebuyers or immediate rental potential for investors.
Built in 1970, the unit may require updates to its original systems or aesthetic finishes to align with modern design preferences and energy efficiency standards.
The $270 monthly association fee adds a fixed recurring expense that buyers must factor into their debt-to-income ratio and overall monthly carrying costs.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,332 | 1,411.5 | 25% |
| Lot Size | 1,764 | 2,188.5 | 50% |
| Price | $290.0K | $261.0K | 63% |
| Price per sq ft | $218 | $202 | 50% |
| Built year | 1970 | 1972 | 50% |
| HOA | $270 | $247 | 63% |
| Days on market | 14 | 161 | 13% |
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