618 Woodrow Avenue, Bakersfield, CA 93308, Bakersfield, 93308 - 2 bed, 2 bath
ACTIVE$239,950$1,128/sqft
Est. Value: $197,027
-17%
AboveEstimate
618 Woodrow Avenue, Bakersfield, CA 93308
2Beds
2Baths
1,128Sqft
6,534Lot
Price Vs. Estimate
The estimated value ($197,026.84) is $42,923.16 (17%) lower than the list price ($239,950). This property may be overpriced.
Key pros and cons
Top Pros:
R3 Zoning & Development Potential: The property's R3 zoning on an expansive lot offers significant investment potential for building additional units, appealing to developers and long-term investors.
Top Cons:
Limited Bathroom Count: With 1.5 bathrooms for a 2-bedroom home, this may be insufficient for some buyers or future multi-unit development under R3 zoning.
Compared to the nearby listings
Price:$239.9K vs avg $293.0K ($-53,050)34%
Size:1,128 sqft vs avg 1,350 sqft30%
Price/sqft:$213 vs avg $21251%
More Insights
Built in 1937 (89 years old).
Condition: Built in 1937, the property shows significant age in key areas. While some cosmetic updates like laminate flooring and fresh paint are present, the kitchen features dated wood-look laminate cabinets and countertops, older tile flooring, and a mix of appliances. One bathroom is very dated with a pink vanity and older tile, and the other, while having some newer tile, still feels aged. The HVAC system relies on wall heaters, window AC units, and a swamp cooler, indicating a need for extensive system replacements. These elements require substantial rehabilitation and modernization to meet current standards, pushing it beyond 'Fair' despite being livable.
Year Built
1937
Close
-
List price
$240K
Original List price
-
Price/Sqft
$213
HOA
$0
Days on market
-
Sold On
-
MLS number
PI25276945
Home ConditionPoor
Features
Patio
View-
About this home
This Oildale gem is an excellent opportunity for both owner occupied or investors! Motivated sellers are ready for a swift escrow process & are even open to covering buyers' closing costs. The home features 2 bedrooms, a separate office with its own private patio, and 1.5 bathrooms, offering both versatility & comfort. Enjoy the spacious two living areas and a large kitchen w/ a separate dining space. Both bathrooms are conveniently positioned near the bedrooms, w/ indoor laundry for added convenience. The massive front yard is fully fenced with double gates for RV access. The property's R3 zoning opens up possibilities for building additional units on this expansive lot. Don't miss out on this chance to own a versatile property w/ great potential!
S
Shanti Brinsfield
Listing Agent
Nearby schools
3/10
North Beardsley Elementary School
Public,•K-6•0.5mi
3/10
Wingland Elementary School
Public,•K-5•0.7mi
2/10
Standard Elementary School
Public,•K-5•0.8mi
4/10
Beardsley Junior High School
Public,•7-8•0.7mi
2/10
Standard Middle School
Public,•6-8•0.7mi
5/10
North High School
Public,•9-12•0.9mi
Price History
Date
Event
Price
05/24/21
Sold
$160,000
Condition Rating
Poor
Built in 1937, the property shows significant age in key areas. While some cosmetic updates like laminate flooring and fresh paint are present, the kitchen features dated wood-look laminate cabinets and countertops, older tile flooring, and a mix of appliances. One bathroom is very dated with a pink vanity and older tile, and the other, while having some newer tile, still feels aged. The HVAC system relies on wall heaters, window AC units, and a swamp cooler, indicating a need for extensive system replacements. These elements require substantial rehabilitation and modernization to meet current standards, pushing it beyond 'Fair' despite being livable.
Pros & Cons
Pros
R3 Zoning & Development Potential: The property's R3 zoning on an expansive lot offers significant investment potential for building additional units, appealing to developers and long-term investors.
Motivated Seller & Buyer Incentives: Sellers are motivated, offering to cover buyer closing costs and seeking a swift escrow, coupled with a recent price reduction, making it an attractive purchase.
Versatile Use & Functional Spaces: Suitable for both owner-occupants and investors, featuring a separate office with a private patio, two spacious living areas, and a large kitchen with dining space.
Generous Outdoor Space & RV Access: A massive, fully fenced front yard with double gates provides ample outdoor space and convenient RV access.
Convenient Amenities: Includes indoor laundry and well-positioned bathrooms, enhancing daily comfort and practicality.
Cons
Limited Bathroom Count: With 1.5 bathrooms for a 2-bedroom home, this may be insufficient for some buyers or future multi-unit development under R3 zoning.
Age of Construction: Built in 1937, the property may require updates to systems, finishes, or energy efficiency to meet modern expectations and reduce potential maintenance costs.
Lack of Specific Modern Upgrades: The description does not highlight recent renovations or significant modern upgrades, suggesting potential for buyers to invest in cosmetic or functional improvements.