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2527 Bishop Drive

2527 Bishop Drive, Bakersfield, CA 93306
Property in Kern
Sold May 27, 2020
$2,700,000
$1,500,000 by First Citizens Bank & Trust Co
Mortgage
Sold Nov 30, 2012
Transfer
$985,000 by American Riviera Bank
Mortgage
2527 Bishop Drive in Bakersfield, CA was first built in 1964 and is 60 years old. This has been categorized as a residential property type. There are a total of 10 floors. In total, the area measurement of the land is 15,004 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a gas heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2527 Bishop Drive sold most recently in Apr 17, 2020 for a total of $2,700,000. If you work out the math, that's approximately a cost of $1,002.60 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $12,548 in taxes each year. 2527 Bishop Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $851,452. If we break it down further, the land itself was valued at $93,554. Improvements to the property, however, were assessed at a total of $757,898. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 10
  • Living Units: 9
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,004
  • Total Building Area: 2,693
  • Gross Building Area: 2,693
  • Building Area: 2,693
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Gas
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRACT NO 2096
  • Land Acres: 0.344
  • Standard Land Use Code: Apartments (generic)
  • County Land Use Code: Personal property general
  • Legal Description 1: TRACT 2096 , BLOCK , LOT 8

Ownership

  • Current Owner : RCM SOCAL INC
  • Previous Owner : BLOOM MAX
  • Previous Owner 2: BLOOM CHRISTINE
  • Owner Before Previous Owner: CALIFORNIA CAPITAL EQUITIES LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Kern High School District
  • Census Tract: 000909

Zoning

  • Zoning: R-3

Geography

  • Assessors Map Reference: 2403-C7
  • Account Number: 382052041
  • Subdivision Tract Number: 2096
  • Parcel: 382-052-04-00-6
  • Block: 8
  • Lot: 8
  • Latitude: 35.4095
  • Longitude: -118.964

    Address

  • Full Address: 2527 Bishop Dr
  • Address - House Number: 2527
  • Address - Street Name: Bishop
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Bakersfield
  • Zip Code: 93306

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $12,548
  • Tax Rate Code Area: 00-003

    Appraisal Valuation

  • Standard Deviation: 0.3287
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 34
  • Final Value: 834,756
  • High Value: 1,109,202
  • Low Value: 560,309

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,500,000
  • First Open Lien Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: May 27, 2020
  • First Open Lien Mortgage Loan Amount: $1,500,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $851,452
  • Assessed Land Value: $93,554
  • Assessed Improvements Value: $757,898

    Sales

  • Current Sale Contract Date: Apr 17, 2020
  • Current Sale Recording Date: May 27, 2020
  • Current Sale Transaction ID: 11762063622
  • Current Sale Price: $2,700,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 220066133
  • Previous Sale Recording Date: Nov 30, 2012
  • Previous Sale Contract Date: Nov 14, 2012
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST CITIZENS BANK & TRUST CO
  • First Mortgage Transaction Date: May 27, 2020
  • First Mortgage Loan Amount: $1,500,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN RIVIERA BANK
  • Previous Mortgage Transaction Date: Nov 30, 2012
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $985,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Bakersfield



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Frequently Asked Questions

What neighborhood is 2527 Bishop Drive located in?
The 2527 Bishop Drive is a located in the neighborhood of Kern in Bakersfield, Bakersfield.
What is the average sales price for listings in 2527 Bishop Drive?
The average sales price for units in 2527 Bishop Drive is $0 currently.

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