7300 Olive, Bakersfield, CA 93308, Bakersfield, 93308 - 3 bed, 2 bath
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7300 Olive
Bakersfield, CA 93308
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,218Sq Ft
10,688Lot Size
Property Price
LIST PRICE$399,900
EST. MARKET VALUE
$435,808
8% BelowMARKET VALUE
SUMMARY
This property presents a Strong Value Opportunity with a List Price of $399,900—positioned well below the $435,809 Fair Market Value by 8%. This valuation gap offers $35,909 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home requires cosmetic updates to unlock its full potential. With a generous 2,218 sqft layout and a 10,688 sqft lot, this is a high-reward acquisition ideal for Buy-and-Hold Investors or Owner-Occupants seeking to build equity through strategic renovation.
Estimated Market Value
$435,808+$35,908 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Bakersfield.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7300 Olive Subject 3 bd · 2 ba · 2,218 sqft · $196 | $399,900* List Price | 3 | 2 | 2,218 | $196 | - |
A 7608 Darrin Avenue Sold 3 bd · 2 ba · 2,220 sqft · $207 · 0.2 mi | $460,000 | 3 | 2 | 2,220 | $207 | 0.2 mi |
B 6105 Westlake Drive Pending 3 bd · 2 ba · 2,039 sqft · $221 · 0.8 mi | $450,000 List Price | 3 | 2 | 2,039 | $221 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property is 41 years old (built 1983) and appears to have original finishes. The bathroom shows dated tile countertops, older cabinetry, and worn flooring. The listing description explicitly states the home needs cosmetic improvements and updating to reach its full potential, aligning with the 'Fair' criteria for dated homes requiring updates.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10688, living area = 2218.
- Significant Value-Add Potential
The property offers a prime opportunity for equity growth through cosmetic updates, allowing buyers to modernize the home to their specific tastes without the need for major structural renovations.
- Spacious Interior Layout
With 2,218 square feet of living space for a three-bedroom home, the property provides a generous and functional floor plan that offers more interior volume than many comparable homes in the area.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10688, other record lot size in square feet = 10890.
- Immediate Renovation Required
The home is explicitly noted as needing cosmetic work and updates, which will require an immediate additional investment of time and capital from the buyer upon purchase.
- Dated Infrastructure
Built in 1983, the property likely features original systems and finishes that may lack the energy efficiency and aesthetic appeal of modern construction, potentially leading to higher maintenance costs.
About 7300 Olive
Welcome to 7300 Olive in Bakersfield, a property offering an excellent opportunity for buyers looking to add their personal touch and unlock its full potential. The home features a functional layout with plenty of possibilities for cosmetic improvements and updating. While the property needs some work, the needed improvements are primarily cosmetic, providing an opportunity to refresh and modernize the home without the need for major structural renovations. With some vision, updating, and personal touches, this property can be transformed into a comfortable and inviting home. Conveniently located in Bakersfield, this is a great opportunity for a buyer looking for value, customization potential, and the chance to create a property that truly reflects their style.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 10,688 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,218 | 1,656.81 |
| Lot Size | 10,688 | 8,069.772 |
| Price | $399.9K | $414.9K |
| Price per sq ft | $180 | $246 |
| Built year | 1983 | 1986 |
| HOA | $0 | $180 |
| Days on market | 16 | 65 |
Pricing History
Listed for Sale
Oct 8, 2026
$399,900
Initial Listing
Sold
Jul 7, 2006
$399,000
Public Record
Sold
Jun 1, 2005
$305,000
Public Record
Sold
Dec 3, 2004
$145,000
Public Record
Sold
Oct 15, 1999
$115,000
Public Record
Sold
Jan 6, 1997
$135,000
Public Record