Newly available, not yet been listed on the MLS.
Nice three bedroom two bath home (1466 Sq. Ft.) in the desirable Laurelglen area of Bakersfield southwest has become available.
The home has great curb appeal and is in a very family friendly neighborhood in a sought after school district.
The MLS and tax records show a positive upward trend for the zip code and the Laurelglen area in particular.
Current comparables range from 98.46 to 166.54, the median being 149.56. Per Sq. Ft.
The home was built in 1983 but was damaged by fire and rebuilt with the necessary permits and inspections from the local jurisdiction.
What this means to the buyer is you are purchasing a home which has most framing, roof, plumbing, mechanical and electrical systems new in or around June of 2008. So the important components are twenty three years newer than the comparable properties. This is a huge plus when looking at CAPX projections……
Another consideration for the investor is the owner is does not wish to move until August of this year and is willing to rent back the house for $1100.00 a month.
Market rents are in $1,200-$14,00 range
The property has no landscaping in the back yard so may be considered a blank slate for your landscape preferences.
Floor coverings and interior paint will be desired to freshen up the property.
For a buy and hold investor this property holds tremendous potential as the area is one of the most desirable in Bakersfield and has shown good appreciation historically.
This property will not be around for long due to its location, condition and pricing.
Please conduct your own due diligence.
Do not disturb occupants.
Contact information for Realtor: [email protected]
