618 Bates Avenue, Bakersfield, CA 93307, Bakersfield, 93307 - 3 bed, 1 bath
ACTIVE$250,000$1,243/sqft
Est. Value: $242,087
-3%
AboveEstimate
618 Bates Avenue, Bakersfield, CA 93307
3Beds
1Bath
1,243Sqft
6,259Lot
Price Vs. Estimate
The estimated value ($242,087.265) is $7,912.735 (3%) lower than the list price ($250,000). This property may be overpriced.
Key pros and cons
Top Pros:
ADU/Expansion Potential: The property explicitly offers the potential to add an Accessory Dwelling Unit (ADU) or expand, providing a significant opportunity for rental income or increased living space.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6259, other record lot size in square feet = 6098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1243, other record living area = 1048.
Compared to the nearby listings
Price:$250.0K vs avg $331.0K ($-81,000)19%
Size:1,243 sqft vs avg 1,243 sqft50%
Price/sqft:$201 vs avg $25622%
More Insights
Built in 1964 (62 years old).
Condition: Built in 1964, this property is 60 years old and shows significant signs of age and deferred maintenance. The kitchen features dated dark cabinets, an older-looking range, and visible damage/unfinished areas on the wall. The living room has popcorn ceilings and what appears to be worn carpet, indicating a lack of modern updates. The exterior also shows neglect with a cracked driveway and general disrepair. While the listing mentions 'potential,' the overall condition suggests substantial repairs and rehabilitation are required, aligning with the 'poor' category rather than just minor updates.
Year Built
1964
Close
-
List price
$250K
Original List price
-
Price/Sqft
$201
HOA
$0
Days on market
-
Sold On
-
MLS number
CV26003263
Home ConditionPoor
Features
View-
About this home
Welcome to a home full of potential in a desirable neighborhood! This 3-bedroom, 1-bathroom property is a great opportunity for first-time buyers. The home offers the potential to expand and add an ADU, providing an excellent option to help offset mortgage payments. Conveniently located near schools, public transportation, and local amenities. Dont miss your chance to see this great opportunity!
A
Alicia Villarruel
Listing Agent
Price History
Date
Event
Price
10/14/16
Sold
$121,000
Condition Rating
Poor
Built in 1964, this property is 60 years old and shows significant signs of age and deferred maintenance. The kitchen features dated dark cabinets, an older-looking range, and visible damage/unfinished areas on the wall. The living room has popcorn ceilings and what appears to be worn carpet, indicating a lack of modern updates. The exterior also shows neglect with a cracked driveway and general disrepair. While the listing mentions 'potential,' the overall condition suggests substantial repairs and rehabilitation are required, aligning with the 'poor' category rather than just minor updates.
Pros & Cons
Pros
ADU/Expansion Potential: The property explicitly offers the potential to add an Accessory Dwelling Unit (ADU) or expand, providing a significant opportunity for rental income or increased living space.
Prime Location: Situated in a desirable neighborhood with convenient access to schools, public transportation, and local amenities, enhancing its appeal and future value.
First-Time Buyer Appeal: Positioned as an excellent opportunity for first-time homebuyers, suggesting an accessible entry point into homeownership.
Generous Lot Size: A lot size of 6259 sqft provides ample outdoor space and supports the potential for expansion or an ADU.
Investment Potential: The combination of ADU potential, desirable location, and first-time buyer appeal makes this property a strong candidate for value appreciation and investment.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =6259, other record lot size in square feet = 6098. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1243, other record living area = 1048.
Limited Bathroom Count: With only one bathroom for three bedrooms, the property may not meet the needs of larger families or those desiring more convenience.
Age of Property: Built in 1964, the home is older and may require updates to systems, finishes, or overall modernization, potentially incurring additional costs.
Renovation/Update Required: While offering 'potential,' this often implies that significant renovations or updates are needed to maximize its value and functionality, which could be a barrier for some buyers.