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510 Covey Avenue

510 Covey Avenue, Bakersfield, CA 93308
Property in Oildale
Sold Feb 28, 2020
$280,000
$130,000 by The Mortgage House
Mortgage Due Mar 01, 2035
Local assessors in Bakersfield, CA have categorized 510 Covey Avenue as a residential type of property. The home was built in 1921 and is 103 years old. The property's lot size has been calculated to be 16,079 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a multifamily style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 8 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 are also 2 partial bathrooms. 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 510 Covey Avenue has a total of 1,008 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 360 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. 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 central air conditioning for their cooling system. The home's floor/wall heating system is the primary heating source. 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, 510 Covey Avenue sold most recently in Feb 6, 2020 for a total of $280,000. If you work out the math, that's approximately a cost of $277.78 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 $5,755 in taxes each year. 510 Covey Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $294,327. If we break it down further, the land itself was valued at $31,534. Improvements to the property, however, were assessed at a total of $262,793. The property's total assessed value has been marked as more than the total market value which is pretty atypical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Bedroom Count: 8
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Multifamily
  • Floor Count: 10
  • Living Units: 2
  • Business/Commerical Units Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 360
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 16,079
  • Total Building Area: 1,008
  • Gross Building Area: 1,152
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Floor/wall
  • Heated Square Feet: 1,008
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COVEY ACRES
  • Land Acres: 0.369
  • Standard Land Use Code: Multi-family dwellings (generic, 2+)
  • Legal Description 1: CITY COVEY , BLOCK LT6, LOT PTN

Ownership

  • Current Owner : PADILLA MARIO
  • Previous Owner : MILLS ORA JAMES
  • Previous Owner 2: MILLS EDNA GAYLE

Neighborhood

  • School District Name: Beardsley Elementary School District
  • Census Tract: 000300

Geography

  • Assessors Map Reference: 2402-D7
  • Account Number: 114181043
  • Parcel: 114-181-04-00-2
  • Block: LT6
  • Lot: 6
  • Latitude: 35.4113
  • Longitude: -119.035

    Address

  • Full Address: 510 Covey Ave
  • Address - House Number: 510
  • Address - Street Name: Covey
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Bakersfield
  • Carrier Code: C019
  • 4-Digit Zip Code: 4218
  • Zip Code: 93308

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,755
  • Tax Rate Code Area: 05-005

    Appraisal Valuation

  • Standard Deviation: 0.3287
  • Valuation Date: Aug 09, 2023
  • Confidence Score: 34
  • Final Value: 288,555
  • High Value: 383,424
  • Low Value: 193,685

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $130,000
  • First Open Lien Mortgage Lender: THE MORTGAGE HOUSE
  • First Open Lien Mortgage Recording Date: Feb 28, 2020
  • First Open Lien Mortgage Loan Amount: $130,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2035

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $294,327
  • Assessed Land Value: $31,534
  • Assessed Improvements Value: $262,793

    Sales

  • Current Sale Contract Date: Feb 06, 2020
  • Current Sale Recording Date: Feb 28, 2020
  • Current Sale Transaction ID: 11741766154
  • Current Sale Price: $280,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 220027590

    Last Sale Mortgage

  • First Mortgage Lender: THE MORTGAGE HOUSE
  • First Mortgage Transaction Date: Feb 28, 2020
  • First Mortgage Loan Amount: $130,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 01, 2035

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Frequently Asked Questions

What neighborhood is 510 Covey Avenue located in?
The 510 Covey Avenue is a located in the neighborhood of Oildale in Oildale, Bakersfield.
What is the average sales price for listings in 510 Covey Avenue?
The average sales price for units in 510 Covey Avenue is $0 currently.

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