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509 Lincoln Street

509 Lincoln Street, Bakersfield, CA 93305
Property in Kern
Sold Dec 30, 2021
$205,000
$201,286 by United Wholesale Mortgage
Mortgage Due Jan 01, 2052
Local assessors in Bakersfield, CA have categorized 509 Lincoln Street as a residential type of property. The home was built in 1924 and is 100 years old. The property's lot size has been calculated to be 7,489 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a 10 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 509 Lincoln Street has a total of 1,512 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on no air conditioning for their cooling system. The home's floor/wall heating system is the primary heating source and it is being fueled with nothing. 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, 509 Lincoln Street sold most recently in Nov 16, 2021 for a total of $205,000. If you work out the math, that's approximately a cost of $206.65 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 $3,561 in taxes each year. 509 Lincoln Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $209,100. If we break it down further, the land itself was valued at $51,000. Improvements to the property, however, were assessed at a total of $158,100. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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.

Building Features

Parking

Covered Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Duplex
  • Floor Count: 10
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 7,489
  • Total Building Area: 992
  • Gross Building Area: 1,090
  • Building Area: 1,512
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 1,512
  • Heating Fuel Type: None

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BERNARD ADDITION
  • Land Acres: 0.172
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: CITY BNDAD , BLOCK 32 , LOT 1112

Ownership

  • Current Owner : SIBLEY NICHOLAS
  • Previous Owner : ALVAREZ ERIC F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Single/unmarried man

Neighborhood

  • School District Name: Kern High School District
  • Census Tract: 001401

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 2442-J3
  • Account Number: 013110036
  • Parcel: 013-110-03-00-5
  • Block: 32
  • Lot: 1112
  • Latitude: 35.3876
  • Longitude: -118.992

    Address

  • Full Address: 509 Lincoln St
  • Address - House Number: 509
  • Address - Street Name: Lincoln
  • Address - Suffix Type: St
  • State: CA
  • City Name: Bakersfield
  • Carrier Code: C014
  • 4-Digit Zip Code: 3647
  • Zip Code: 93305

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $3,561
  • Tax Rate Code Area: 00-003

    Appraisal Valuation

  • Standard Deviation: 0.2171
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 70
  • Final Value: 283,250
  • High Value: 344,752
  • Low Value: 221,749

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $201,286
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 30, 2021
  • First Open Lien Mortgage Loan Amount: $201,286
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,100
  • Assessed Land Value: $51,000
  • Assessed Improvements Value: $158,100

    Sales

  • Current Sale Contract Date: Nov 16, 2021
  • Current Sale Recording Date: Dec 30, 2021
  • Current Sale Transaction ID: 11876006776
  • Current Sale Price: $205,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 221243142

    Last Sale Mortgage

  • First Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Mortgage Transaction Date: Dec 30, 2021
  • First Mortgage Loan Amount: $201,286
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jan 01, 2052

About Bakersfield



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 509 Lincoln Street located in?
The 509 Lincoln Street is a located in the neighborhood of Kern in Bakersfield, Bakersfield.
What is the average sales price for listings in 509 Lincoln Street?
The average sales price for units in 509 Lincoln Street is $0 currently.

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