
Bakersfield, CA 93307
This Value-Add Residential Property is listed at $265,000, representing a stable entry point near its $254,383 Fair Market Value. Currently rated with a Light Cosmetic Fixer Condition, the home offers significant forced appreciation potential through targeted updates to flooring and paint. The interior features desirable vaulted ceilings and a fireplace, while the exterior provides a private covered patio enclosed by masonry walls. With neighborhood comparables selling between $315,000 and $340,000, this property is a strategic acquisition for Buy-and-Hold Investors or first-time buyers looking to build equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5320 Jonah Street Subject 3 bd · 2 ba · 1,068 sqft · $238 | $265,000* List Price | 3 | 2 | 1,068 | $238 | - |
A 201 Lois Lane Sold 3 bd · 2 ba · 1,140 sqft · $276 · 0.9 mi | $315,000 | 3 | 2 | 1,140 | $276 | 0.9 mi |
B 1401 Candace Sold 3 bd · 2 ba · 1,388 sqft · $245 · 0.9 mi | $340,000 | 3 | 2 | 1,388 | $245 | 0.9 mi |
C 5217 Stancliff Pending 3 bd · 2 ba · 1,200 sqft · $271 · 0.1 mi | $325,000 List Price | 3 | 2 | 1,200 | $271 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1984, this property is explicitly described as a 'light cosmetic fixer' requiring immediate investment in flooring and paint. While it features functional systems like central HVAC and desirable architectural elements like vaulted ceilings, the kitchen and bathrooms appear dated and largely original to the 40-year-old construction, fitting the criteria for a maintained but unrenovated home.
Positioned as a light cosmetic fixer, this property offers significant potential for first-time buyers or investors to build immediate equity through minor renovations.
The interior boasts desirable design elements including vaulted ceilings and a cozy fireplace in the living room, creating a sense of volume and character.
The home is fully enclosed by masonry walls and features a covered rear patio, providing a secure and private outdoor environment rarely found at this price point.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5030, other record lot size in square feet = 5227.
The property previously fell out of escrow due to an unacceptable solar panel contract, which may pose a financial or legal hurdle for the next buyer.
As a fixer-upper, the home requires immediate investment in paint, flooring, or other updates, making it less ideal for buyers seeking a move-in-ready residence.
Back on market - seller prepaid 12 months of solar panel - new interior paint, new carpet flooring, large living room with vaulted ceilings and cozy fireplace, formal dining room with custom tile throughout, spacious kitchen with plenty of cupboard space, three spacious bedrooms with 1.75 bathroom, central HVAC, masonry walls all the way around the property, covered patio in rear, two car attached garage with automatic garage door opener and full laundry hook ups in the garage - this fine home is seeking a new homeowner to call it ''home sweet home'' Public Open House March 21, 2026 12:00 - 2:00 PM
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,068 | 1,656.81 |
| Lot Size | 5,030 | 8,069.772 |
| Price | $265.0K | $414.9K |
| Price per sq ft | $248 | $246 |
| Built year | 1984 | 1986 |
| HOA | $0 | $180 |
| Days on market | 290 | 65 |
Jan 7, 2026
$265,000
Initial Listing
Nov 22, 2004
$206,000
Public Record
Aug 24, 2001
$76,500
Public Record