7412 Olive Dr, Bakersfield, CA 93308, Bakersfield, 93308 - 3 bed, 2 bath
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7412 Olive Dr
Bakersfield, CA 93308
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,873Sq Ft
0Lot Size
Property Price
LIST PRICE$459,999
EST. MARKET VALUE
$444,194
3% AboveMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $459,999—positioned above the $444,195 Fair Market Value. While the price reflects a premium, the property offers significant utility through its 15' x 30' workshop, RV parking, and solar panels. With a Fair Condition Rating of 4, the home provides a stable foundation for cosmetic updates to drive future appreciation. The expansive lot and flexible floor plan make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile property with substantial workspace.
Estimated Market Value
$444,194
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 |
|---|---|---|---|---|---|---|
★ 7412 Olive Dr Subject 3 bd · 2 ba · 1,873 sqft · $237 | $459,999* List Price | 3 | 2 | 1,873 | $237 | - |
A 7800 Carol Sue Court Sold 3 bd · 2 ba · 1,499 sqft · $283 · 0.4 mi | $424,000 | 3 | 2 | 1,499 | $283 | 0.4 mi |
B 7800 Carol Sue Ct Sold 3 bd · 2 ba · 1,499 sqft · $283 · 0.4 mi | $424,000 | 3 | 2 | 1,499 | $283 | 0.4 mi |
C 7604 Kimberly Active 3 bd · 2 ba · 1,867 sqft · $238 · 0.2 mi | $445,000 List Price | 3 | 2 | 1,867 | $238 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1987 (37 years old), the home is well-maintained but dated. While it features updated wood-look flooring and solar panels, the kitchen and bathrooms show their age with 80s-style tile countertops, older white appliances, and painted original cabinetry. The presence of popcorn ceilings throughout and the age of the primary systems suggest the home needs cosmetic updates to meet modern standards.
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 = 10018, living area = 1873.
- Versatile Workshop and RV Access
The property features a substantial 15' x 30' workshop with electrical and water connections, complemented by RV parking and rear vehicle access, making it ideal for hobbyists or tradespeople.
- Energy Efficiency
Equipped with solar panels, the home offers significant long-term savings on utility costs, providing a competitive edge in the Bakersfield climate.
CONSRISKS & DEFICIENCIES
- Aging Major Systems
Built in 1987, the property may soon require capital improvements for original systems like the roof or HVAC if they have not been recently replaced.
- Aggressive Price Appreciation
The listing price represents a significant jump from the 2022 sale price of $360,000, which may challenge appraisal values depending on recent neighborhood comparables.
About 7412 Olive Dr
Discover the charm of this beautiful Northwest Bakersfield home offering 3 bedrooms PLUS an office, 2 bathrooms, and incredible versatility! The stunning curb appeal welcomes you with mature landscaping, lush greenery, and wrought-iron fencing. Inside, you'll find a spacious living area featuring vaulted ceilings, decorative beams, updated flooring, and a striking brick gas fireplace. The kitchen offers black cabinetry, an expansive breakfast bar, and an adjoining dining area filled with natural light. Each bedroom offers generous space, while the primary suite boasts a raised ceiling and large walk-in closet. Step outside to discover an expansive backyard featuring a large covered patio, ample lawn space, and a 15' x 30' workshop with a roll-up door and electrical/water connections! Additional highlights include solar panels, RV parking, and convenient rear vehicle access. Don't miss this incredible opportunity. Schedule your showing today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1987
- Lot Size
- -
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 | 1,873 | 1,656.81 |
| Lot Size | - | 8,069.772 |
| Price | $460.0K | $414.9K |
| Price per sq ft | $246 | $246 |
| Built year | 1987 | 1986 |
| HOA | $0 | $180 |
| Days on market | 14 | 65 |
Pricing History
Listed for Sale
Oct 10, 2026
$459,999
Initial Listing
Sold
Dec 6, 2022
$360,000
Public Record
Sold
May 23, 2019
$259,000
Public Record
Sold
May 16, 2011
$140,000
Public Record
Sold
Sep 2, 2004
$240,000
Public Record